Home of (Now Bankrupt) CNET Founder Halsey Minor Hits Market for $14.95M

Halsey Minor LA HomeHalsey Minor, the co-founder of CNET, was once worth more than $200 million dollars, but is now bankrupt, thanks to his affinity for fancy homes, horse races, and art. Court documents show that Minor owes as much as $100 million, but has no more than $50 million with which to pay his debts. As part of his Chapter 7 bankruptcy, all of his assets are being handed over to a court official who will sell them to the highest bidder. That includes his property in Los Angeles, which just hit the market for $14.95 million.

Minor purchased the home for $20 million on March 3, 2006, a few years before he sold CNET to CBS. It sits on more than three quarters of an acre in Bel Air and comes with unobstructed city-to-ocean views. The home was built in 1964, by famed architect Richard Dorman. According to the listing, it “needs complete restoration and remodel.” Potential buyers are encouraged to bring their contractors.

Minor tried to sell the home in May 2008 for $12.9 million, but was unsuccessful, and dropped the price to $11.4 million in September 2008. When that didn’t do the trick, he delisted it. He tried again a few years later, on April 15, 2010, listing it for $8.995 million, but five months later, it was pulled off the market once again.

For additional photos, check out the listing on Redfin.com.