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Undeveloped Bel Air Property With Backstory Sees $11 Million Price Hike

The Colombian billionaire Jamie Gilinski has raised the listing price on an undeveloped property that he is selling from $34 million to $45 million as reported by The Real Deal.com. This parcel is located in Bel Air at 805 Nimes Place and Gilinski originally purchased it from Robert Shapiro, a Ponzi scheme ringleader who was convicted of that crime. The listing has been on the market since May of 2021 so it seems odd that Gilinski would raise the price after it has remained on the market, unsold, for this long.