Must Reads: Big home, big deal: The Manor in Holmby Hills sets an L.A. County price record at $119.75 million
5 years, 6 months ago

Must Reads: Big home, big deal: The Manor in Holmby Hills sets an L.A. County price record at $119.75 million

LA Times  

Los Angeles’ ailing luxury real estate market just received a shot in the arm: The Manor, a 56,500-square-foot chateau in Holmby Hills, has sold for $119.75 million — the highest home price in Los Angeles County history. It represents another notch in the belt for the county, which saw its price record shattered last year by the $110-million deal for Hard Rock Cafe co-founder Peter Morton’s Malibu beach house. It’s the fourth sale of $100 million or more in L.A. and the third in Holmby Hills, which saw two record-setting sales of $100 million in 2016: deals for the Playboy Mansion, and for a nearby mega-mansion built on speculation. Two transactions topped $40 million in May, including musician Adam Levine’s Beverly Hills mansion that sold to talk-show host Ellen DeGeneres and her wife, Portia de Rossi, for $42.5 million.

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Southern California’s weird and wild real estate market: The priciest home sales of 2022
2 years ago

Southern California’s weird and wild real estate market: The priciest home sales of 2022

LA Times  

Stars such as Drake, Adele and Kim Kardashian all closed blockbuster deals this year in Southern California. A regular in real estate headlines, he set the neighborhood’s previous price record when he sold a spec mansion for $42.5 million in 2020. The rapper toured the finest estates of Southern California but eventually settled for something off-market, quietly paying $75 million …

West Hollywood penthouse sells for $21.5 million, the highest price for a condo this year
2 years, 5 months ago

West Hollywood penthouse sells for $21.5 million, the highest price for a condo this year

LA Times  

Vertical living has never been high on the shopping list for Southern California’s wealthy set. Built on the former site of the House of Blues, the $500-million complex has already set multiple records, including a 2,681-square-foot unit that sold last year for $13 million. So far this year, there have been 27 condo sales north of $5 million in L.A. …

Scottsdale mega-mansion sells for $28.1 million, an Arizona record
2 years, 7 months ago

Scottsdale mega-mansion sells for $28.1 million, an Arizona record

LA Times  

Built in 2021, the scenic mega-mansion is called Altitude and sits atop a peak overlooking Scottsdale and the surrounding mountains. Fittingly named Altitude, the prized property spans nearly 5 acres and sits atop a peak in the Summit at Silverleaf community. Walls of glass take in sweeping views of the city and valley below, and out back, a scenic fire …

Feds move to seize $63-million L.A. mansion linked to corruption scandal involving Armenian politician
2 years, 8 months ago

Feds move to seize $63-million L.A. mansion linked to corruption scandal involving Armenian politician

LA Times  

Prosecutors allege that this Holmby Hills mansion was purchased with bribes paid to the family of a powerful Armenian politician. The U.S. Department of Justice outlined in a court filing how the property on South Mapleton Drive — a few doors down from the Playboy Mansion — was purchased in 2011 for $14.4 million with bribes to the family of …

The Manor, an iconic L.A. mansion, seeks $165 million
2 years, 10 months ago

The Manor, an iconic L.A. mansion, seeks $165 million

LA Times  

In 56,500 square feet, the W-shaped mansion has 123 rooms, including 14 bedrooms and 27 bathrooms. Nicknamed “Candyland” during her reign, Spelling brought in extravagant amenities including a flower-cutting room, multiple gift-wrapping rooms and a French-inspired wine and cheese room complete with sidewalk-café-style tables and chairs. Spelling eventually sold the home to Petra Ecclestone, daughter of Formula One billionaire Bernie …

Top sales: Moguls and entertainers keep things moving in June
4 years, 5 months ago

Top sales: Moguls and entertainers keep things moving in June

LA Times  

A media mogul, a rapper and one of the highest-paid actresses in television were among the biggest movers and shakers in Los Angeles’ high-end real estate scene in June. $68 million — Beverly Hills After setting a new California price record in February with the $165-million sale of his Beverly Hills mansion, media mogul David Geffen paid about half the …

Thirty-acres of land in Bel-Air is listed for a staggering $60million
5 years, 9 months ago

Thirty-acres of land in Bel-Air is listed for a staggering $60million

Daily Mail  

A sprawling piece of land in the heart of Los Angeles' most sought after neighborhood boasting views of an idyllic vineyard and rolling Californian hills has been listed for a staggering $60 million. The 30-acre estate, located on a private road near Sunset Boulevard in the affluent suburb of Bel-Air, comes with planning permits to build a lavish 40,000-square-foot mansion …

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