Bel-Air founder’s 1928 estate bought for $5.5m now asks $32.5 million

In 2010, an investor bought Bel-Air founder Alphonzo Bell's 1928 estate for $5.5 million; after a five-year restoration, the 10,600-sq-ft mansion is asking $32.5 millionA 1928 mansion that Bel-Air's founder built for himself has hit the market, with an asking price of $32.5 million. The sale comes after a comprehensive five-year restoration, according to a report by Platinum Tribune.The current owner, Michael Wexler, bought the estate for $5.5 million eleven years ago. The 10,600-sq-ft Spanish-style estate is on one of Bel-Air's most coveted perches, with a lineage tracing back to the neighbourhood's founder himself. Wexler had no plans to flip the property when he bought it. He bought it to live in, and he did, for roughly a decade before deciding the house deserved something more ambitious: a complete resurrection.