The palatial Bel Air spec home that once reigned as the most expensive listing in the U.S. when it was asking a quarter of a billion dollars, will return to the market for a full $100 million less.

The four-story glass block that developer Bruce Makowsky built and fitted with opulent flourishes, such as a helipad and four-lane Louis Vuitton-branded bowling alley, is now available for $150 million, the developer said in a statement on Monday. It’s the second time he’s cut the price on the spec home, marketed as the developer’s "greatest masterpiece," which was last asking $188 million.

The contemporary megamansion hit the market two years ago, and since then, several smaller homes in Los Angeles have sold for close-to or north of $100 million. In April, Hard Rock Cafe co-founder Peter Morton sold his 8,000-foot Malibu beach house with some serious architectural cachet for a record-breaking $110 million.

A little over a year ago, luxury real estate agent Kurt Rappaport sold a home in Malibu for $85 million and all its contents for $35 million, for a total of $120 million.

But the world’s ultra wealthy haven’t shown a willingness to spend the same kind of money on a home that they do on things like megayachts or private jets.

"Today’s billionaire and mega wealthy homebuyer just isn’t ready to spend $200 million on a home at this current place in time so we’ve relisted it with a price tag that will open the door to a significantly larger audience," he said. Recent turbulence in global financial markets has also moved the developer to reassess his price, he added.

"I’ve adjusted the price to what I believe is today’s market value for the home," he said.

While it’s no longer the most expensive home on the market in the U.S. or even in Los Angeles, the amenity-rich spec home would still shatter the price record if it sold anywhere close to $150 million. The most expensive home for sale at the moment in La La Land is the estate of the late billion Jerry Perenchio, also in Bel Air, listed for $245 million.

Mr. Makowsky made sure the 38,000-square-foot new build checked all the boxes for luxury amenities.

Beside the bowling alley is a candy wall and game room with not one but four foosball tables. There’s a 40-seat home theater, underground car gallery and two contemporary wine cellars (already stocked with vino and Champagne).

There are also 12 bedrooms, including two separate master suites, 21 bathrooms and a curated collection of 100 works of art.

Outside, a pop-up theater provides entertainment al fresco, as does the 85-foot glass tile pool.

The listing agents on the home include Shawn Elliott of Nest Seekers, and Rayni and Branden Williams of Hilton & Hyland.

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