The stunning Bel Air Crest mansion, once owned by developer Neil Shekhter and his wife Margot, has recently changed hands for $15 million. This Mediterranean-style estate, originally listed at nearly $27 million, now belongs to Herbert Boeckmann III, son of the late Galpin Ford owner Bert Boeckmann, and his wife, Mary.
Luxury Living in Bel Air Crest
Situated at 2156 West Stratford Circle, this 15,578 square-foot mansion is located within the prestigious gated Bel Air Crest community. The property boasts eight bedrooms, 13 bathrooms, a private elevator, tranquil courtyards, a grand library, a wine cellar, and a 16-car garage—features that truly define luxury. The mansion was listed by the renowned Altman Brothers of Douglas Elliman, while Sotheby’s International Realty’s Brett Kester represented the buyer.
A Property Steeped in History
The Shekhters began constructing this opulent estate in 2005, living in the neighboring property they owned during its development. However, the mansion’s journey wasn’t without challenges. In 2008, the couple filed lawsuits against All Powerful Plumbing & Heating and their insurance company, AIG, after the home’s plumbing system caused significant water damage. The legal battles delayed the completion of the property, but settlements were eventually reached, allowing them to move forward.
Shekhter’s Shifting Portfolio
Neil Shekhter has made headlines this year as he has significantly scaled back his real estate holdings. His company, WS Communities, saw its apartment portfolio cut in half earlier in the year as Shekhter handed over multiple properties to lenders to prevent foreclosures. This downsizing trend continues with the sale of this Bel Air mansion, following several price reductions from its initial listing.
Key Takeaways
- Mediterranean-style estate sold for $15M, down from its original $27M listing.
- Located in the exclusive Bel Air Crest community, the property offers 8 beds, 13 baths, and lavish amenities, including a 16-car garage.
- The Shekhters, once prolific landlords, are significantly reducing their real estate assets.
Conclusion
This sale is a testament to the fluid nature of high-end real estate in Los Angeles, where luxury properties often shift in value. While the Shekhters reduce their holdings, the Boeckmanns secure their place in one of LA’s most exclusive neighborhoods. This transaction marks another chapter in the dynamic world of high-end real estate in Bel Air.