The Bel-Air home of Bud and Betsy Knapp, former owners of Architectural Digest, is listed at $23.95 million. (David O. Marlow)

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January 15, 2012

Philanthropists Bud and Betsy Knapp, then the owners of Architectural Digest, set out in the 1990s to create a personal living space that allowed for large-scale entertaining and civic events, could display an extensive art collection and met their need for privacy. Five years in the making, the gated estate bordering the Bel-Air Country Club is pavilion-style, with the indoors and the outdoors connected through the extensive use of glass walls and doors.

PHOTOS: Bel-Air home

Location: 10807 Bellagio Road, Los Angeles 90077

Asking price: $23.95 million

Year built: 1998

Architect: Hugh Newell Jacobsen

House size: Five bedrooms, 10 bathrooms, 13,089 square feet

Lot size: 36,600 square feet

Features: Media room, office, bar, gym, sauna, service entrance, staff apartment, swimming pool, and fireplaces in the living room, dining room, library and master bedroom.

About the area: In the first half of last year, 74 single-family homes sold in the 90077 ZIP Code at a median price of $1,775,000, according to DataQuick. That was a 9.6% increase from the median during the first half of 2010.