Rooney Mara

The Manor in Holmby Hills is back on top at $200 million

The most expensive home for sale in America is still found in Los Angeles, but it’s no longer the larger-than-life mansion that debuted a year ago in Bel-Air at $250 million.

That speculative wonder of owner-developer Bruce Makowsky has returned to the Multiple Listing Service at $188 million. That’s a price cut of $62 million for the flashy contemporary referred to as Billionaire, or a roughly 25% reduction off the original sticker price.

Now atop the upper crust in real estate is Los Angeles County’s largest single-family home, the Manor in Holmby Hills, which has spent 17 months on the market with an asking price of $200 million.

At that price, it...