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Fortune
Fortune
Alena Botros

California’s ultra-rich are building hidden mansions beneath LA

(Credit: Getty Images)

You’re lucky if you can afford a home in Southern California at the moment, but the wealthy outdo us all. Breathtaking vistas and mansions aren’t enough, they’ve got to have extraordinary basements as well. 

Coined “iceberg homes” to indicate that a significant portion of living space is underground and hidden beneath the surface, these amenity-filled subterranean levels include wine cellars, home theaters, luxury gyms, and whatever else you can think of—including separate spaces for romance and intimacy. Some people even add in natural light wells and skylights to flood the iceberg with California sunshine. 

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