A Bel-Air megamansion just slashed $40 million off its asking price—and buyers are still holding back. The days when a fancy ZIP code guaranteed a bidding war are over. Even icons like Casa Encantada and celebrity estates from Jennifer Lopez and Ben Affleck have had to cut prices to get attention. With LA’s new “mansion tax” and a cooler luxury market, buyers now have the upper hand, waiting for deals and scrutinizing every detail. If you’re shopping at the top, would you hold out for a bigger discount, or jump on a rare deal? Let’s talk! #RealEstate #BelAir #LAMansions