In Los Angeles, a well-positioned patch of dirt is asking $60 million. Located in Bel-Air on a private road near Sunset Boulevard, the 30-acre property shares a hillside with a neighboring vineyard. The seller, Eri Kroh of Sandstone Properties, said he spent more than a decade lining up permits and plans to build an estate that will include a long driveway leading to a roughly 40,000-square-foot mansion, full-size basketball and tennis courts, a bowling alley, indoor and outdoor pools, a ballroom, a subterranean garage for...

Source: Wall Street Journal March 12, 2019 14:48 UTC