A Doctor's Prescription for Luxury: Two LA Megamansions Listed for $168 Million
When most people think of retirement, they imagine quiet mornings, leisurely travel, and perhaps a modest downsizing of the family home. Joseph Englanoff, a retired emergency room doctor turned luxury real estate developer, had something entirely different in mind. Rather than stepping back from high-stakes decisions, he channeled his energy into building two of the most extravagant residential properties in all of Los Angeles — and now, he's ready to hand the keys over to whoever can afford the staggering price tag. Both estates are back on the market for a combined asking price of $167.95 million, making this one of the most talked-about luxury real estate listings in recent memory.
Who Is Joseph Englanoff?
Joseph Englanoff is not your typical property developer. Having spent years working the demanding, high-pressure floors of emergency rooms across Southern California, Englanoff made the pivot from medicine to mega-development with remarkable ambition. His properties don't just reflect wealth — they reflect a developer who approached each square foot with the same precision and intensity that once defined his medical career. The result is two spec mansions that push the boundaries of what residential architecture and luxury living can look like in the 21st century.
Property #1: The Spec Mansion with a Hookah Lounge and 30-Person Jacuzzi
The first of the two properties is a nine-bedroom spec mansion that reads less like a home and more like a private members' club for the ultra-wealthy. Currently listed at $68 million — a noticeable reduction from its original asking price of $72.5 million when it first hit the market in February 2023 — this property is nothing short of extraordinary. While the price drop of $4.5 million may seem significant in absolute terms, in the context of what's on offer, it barely registers as a discount.
So what exactly does $68 million buy you here? The amenities list reads like the wishlist of someone who wanted everything and then added more. Highlights include:
- A fully equipped hookah lounge for entertaining guests in style
- A 30-person Jacuzzi — large enough to host a small party in itself
- A sand volleyball court perfect for casual outdoor recreation
- A panic room ensuring security at the highest level
- A dedicated shoeshine station — a nod to old-world luxury and personal service
With nine bedrooms spread across an expansive floor plan, this estate was clearly designed with scale in mind. Every room, every feature, and every finishing detail has been conceived for a buyer who expects nothing less than the extraordinary.
Property #2: La Fin — Where $99.95 Million Buys You a Vodka Tasting Room and a Rock Climbing Wall
If the first property sounds indulgent, the second takes things to an entirely new level. Known by the evocative name La Fin, this nine-bedroom estate is currently listed at $99.95 million, placing it firmly at the top of the week's most expensive homes list nationwide. However, it's worth noting that this price, as jaw-dropping as it is, represents a dramatic reduction from the original listing price of $139 million set back in November 2022. That's a price cut of nearly $40 million — a figure that, for most people, would constitute a life-changing sum on its own.
La Fin is the kind of property that makes even seasoned luxury real estate agents take a deep breath before describing it. Among its most distinctive features:
- A 1,000-bottle wine cellar for the discerning collector
- A sophisticated cigar lounge built for long evenings and meaningful conversation
- An "ice-cold" vodka tasting room — a truly unique amenity that stands out even in this company
- A state-of-the-art fitness center complete with a rock climbing wall for the athletically inclined
The name La Fin — French for "The End" — carries a certain weight. This is a home that was designed to be someone's ultimate destination, the final word in luxury living. Whether Englanoff intended that meaning intentionally or not, it feels entirely appropriate.
The Combined Value: A Legacy Compound for the Ultra-Wealthy
Located just 5.5 miles apart from each other, the two estates are being offered separately, but the listing materials suggest that a buyer with sufficiently deep pockets could acquire both properties together as a multigenerational legacy compound. At a combined price of $167.95 million — which is still $43.6 million less than their combined original asking prices — the dual acquisition represents an opportunity to establish a genuine family dynasty footprint in one of the most desirable cities on earth.
Los Angeles has long been a global magnet for luxury real estate, drawing buyers from across the United States, Europe, the Middle East, and Asia. The combination of year-round sunshine, proximity to entertainment and business industries, world-class dining and culture, and an established community of high-net-worth individuals makes it one of the few cities where properties at this price point can find a realistic buyer pool.
Crypto Accepted: A Modern Touch on an Ancient Level of Wealth
In a detail that perfectly encapsulates the current era of luxury real estate, the listing notes that the seller accepts cryptocurrency as a form of payment. As digital assets continue to generate enormous wealth for early adopters and tech-sector investors, the ability to transact in crypto is increasingly becoming a signal of sophisticated, forward-thinking sellers targeting a new generation of ultra-high-net-worth buyers. For a bitcoin billionaire or an early Ethereum investor looking to convert digital wealth into something tangible and magnificent, either of these estates could be the answer.
What Do These Listings Tell Us About the Ultra-Luxury Market?
The price reductions on both properties — totaling $43.6 million across the two listings — reflect a broader reality in the ultra-luxury segment of the real estate market. Even at the very top of the market, sellers are not immune to the forces of supply, demand, and shifting buyer expectations. The fact that Englanoff is relisting both properties after they failed to sell at their original prices suggests that patience, strategy, and pricing recalibration are just as important at the $100 million level as they are at any other tier of real estate.
Still, the listings remain among the most significant on the market today. With unparalleled amenities, world-class design, prime Los Angeles locations, and the narrative of a remarkable developer behind them, both La Fin and the hookah lounge mansion represent the absolute pinnacle of what American residential real estate can offer. For the right buyer, $167.95 million may turn out to be the deal of a lifetime.