Now Reading: Elizabeth Taylor’s Bel Air estate gets $47m makeover, retains legacy
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Elizabeth Taylor’s Bel Air estate gets $47m makeover, retains legacy
Elizabeth Taylor’s Bel Air estate gets $47m makeover, retains legacy
Developer Ardie Tavangarian is spending at least $47 million to restore and expand Elizabeth Taylor's former Bel Air estate, where the actress lived for 30 years until her death in 2011. Tavangarian…
The Story in Brief
Developer Ardie Tavangarian is spending at least $47 million to restore and expand Elizabeth Taylor's former Bel Air estate, where the actress lived for 30 years until her death in 2011. Tavangarian told the New York Post he will preserve Taylor's master bedroom, bathroom, jewellery room and sapphire-blue pool, adding a 12,000 sq ft wing with a retractable roof, spa and screening room. The original 7,000 sq ft ranch-style home will become an 'Elizabeth Taylor wing'.
Tavangarian bought the 1.3-acre compound in 2021 for $15 million and expects the project to finish next year. Reports that the property had been demolished are wrong, he clarified. No buyer is lined up yet; the estate was relisted this month for $135 million after a previous deal fell through.
The Indian Opinion
The story peddles a familiar narrative of preservation versus profit, but the numbers tell a different story: a $15 million purchase now requiring $47 million in work, with no buyer in sight. Developers often cry 'legacy' while erasing character. The real test will be whether the final price reflects Taylor's memory or merely Tavangarian's speculation. Who will pay $135 million for a star's touch when a mega-mansion without history costs less?
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
