A record-setting $500 million home in Bel-Air is scheduled to rise in 2017.

Not only will it be the most expensive home to hit the Los Angeles housing market, it would also be one of the biggest to be constructed in the area, according to Bloomberg. With its price tag of half a billion dollars, what kind of features and amenities will the luxury home provide?

In an email sent to Bloomberg, the developer, Nile Niami, said that "The house will have almost every amenity available in the world."

Based on city records which Bloomberg obtained, the compound includes a 74,000-square-foot main residence and three smaller homes. The whole property will have over 100,000 square feet of living space. What is interesting about the home is its expansive 5,000-square-foot master bedroom, which is already the size of a mansion in the area. The Bel-Air estate will also have a garage that can fit 30 vehicles for guests.

The home will be sitting on a four-acre hilltop lot. Being on a highland, it promises "360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley."

The rendition of Niami's under-construction mansion can be found here.

However, with such a big project, it also entails a lot of manpower and careful execution. Thus, for it to be completed, 20 months of continuous construction must be allocated for it. Removal of soil alone would already be tedious. Around 40,000 cubic yards of earth needs to be removed, added Bloomberg.

Currently, a $221 million London property bought in 2011, holds the record of the most expensive apartment sold, according to Forbes.

In the U.S., a $147 million East Hampton, New York, estate purchased last year is the "most expensive residential property in the country," the New York Post reported.

Can Niami's soon-to-rise mansion be the most expensive home ever sold in the world? Jonathan Miller, president of appraiser Miller Samuel Inc., weighed in and told Bloomberg. "I'm skeptical. My first reaction is laughter. But we're in this perpetual state of surprise as new thresholds are broken."