Tuesday, October 14, 2025

Strada Vecchia Mansion Up for Auction

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Demolished Strada Vecchia Mansion Selling at Auction

Introduction to the Auction

Bel-Air’s most famous unfinished acropolis is up for auction once again, The Real Deal has learned.

Paul Ventura’s Sahara Construction is selling the 1.2-acre site of Mohamed Hadid’s failed spec mansion at 901 Strada Vecchia Road in a sealed-bid auction that runs until July 16, according to a listing posted Monday by Compass’s Tracy Tutor and Premiere Estates Auction Company’s Todd Wohl. The starting bid is $7.9 million and there’s no reserve.

The Opportunity

“What’s being offered here is the chance to create something visionary in a location that simply can’t be replicated,” Tutor said in a statement to TRD.
The site can now safely accommodate a 15,000-square-foot home after Sahara surgically demolished it down to the foundation slab, according to a court-ordered engineering report.

History of the Property

Hadid — a developer of hotels and homes for the ultra-rich, and father of models Gigi and Bella Hadid — had envisioned a mega-mansion twice that size for the site when he began construction in 2014. But neighbors, who disparagingly nicknamed it the “starship enterprise,” and city building inspectors took him to court in 2018 over safety concerns. Hadid, who could not be reached for comment, lost the court battle and the property despite declaring bankruptcy to hang onto it.

Current State of the Property

The unfinished home has remained an eyesore at the end of a cul-de-sac where privacy is sacrosanct, and every other home has its own tennis court.
That started to change when Sahara bought the property for $5 million in 2021 after a judge placed it into a receivership and ordered the stalled development to be torn down to stabilize the surrounding slope. Sahara agreed to undertake the demolition as part of the deal.

Financial Aspects

The Sun Valley-based construction firm took out an $8 million loan from Northern Bank & Trust Company in 2023 and has now completed its end of the bargain, leaving only a ladder of concrete slabs separated by retaining walls, receiver Douglas Wilson reported in court filings.
Sahara listed the property for sale for $18 million in October 2023, as TRD previously reported. But the listing was removed last year.
The construction firm’s loan is past due, and Sahara was hit with a default notice last month. It’s delinquent on $9.4 million worth of debt, according to the notice.

Auction Details

A spokesperson for Sahara did not respond to a request for comment, but Premiere Estates’ Todd Wohl said Sahara volunteered to sell the property at auction and noted it’s not a foreclosure sale.
“The demolition took a tremendous amount of money,” Wohl said. “From the court’s standpoint, the legal issues and development issues are cured. There’s a flat pad now. This would survive a major earthquake.”

Related News

Read more

Sale puts end in sight for Hadid’s Strada Vecchia
Hadid ordered to pay $3 million in damages over Strada Vecchia mansion
Same outfit, similar delay in other Hadid BK case

Conclusion

The auction of the Strada Vecchia mansion site presents a unique opportunity for a buyer to create a luxurious and bespoke home in one of Bel-Air’s most exclusive neighborhoods. With the site now cleared and stabilized, the possibilities for development are endless. As the auction approaches, it will be interesting to see what the future holds for this infamous property.

FAQs

Q: What is the starting bid for the Strada Vecchia mansion site auction?
A: The starting bid is $7.9 million.
Q: Is there a reserve price for the auction?
A: No, there is no reserve price.
Q: What is the size of the property?
A: The property is 1.2 acres.
Q: What is the maximum size of the home that can be built on the site?
A: The site can safely accommodate a 15,000-square-foot home.
Q: Why was the property demolished?
A: The property was demolished due to safety concerns and a court order to stabilize the surrounding slope.

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