Despite two sales above $ 20 million, County A.’s high-end market showed signs of cooling during May. Homes that sell at discount prices are a common theme for L.A.’s cheapest offer, with all top-tier properties trading significantly lower than originally asked prices. This is a bigger display.
Beverly Hills – $ 23.5 million
In an agreement between two limited liability companies, a newly built large house on North Bedford Drive was traded at $ 8 million less than the requested price of $ 31.5 million.
The house inspired by Georgia by architect Richard Manion initially sought as much as $ 36.5 million when it first came to the market last year.
Walnut cabinets, starburst-patterned marble floors, and dining room ceilings adorned with silver leaf are some of the features that need attention. Floor plan of six bedrooms, 10 bathrooms have a formal living room with an adjacent bar, a kitchen with two island chefs, a theater, a wine cellar and a gym.
A swimming pool and one bedroom pool house is also located on more than half a hectare of beautiful land.
Linda May and Drew Fenton from Hilton & Hyland are recording agents. Dustin Nicholas from the Nicholas Property Group represents the buyer.
Malibu – $ 21.5 million
On the Pacific Coast Highway, modern Mediterranean-style houses change hands about $ 8.5 million cheaper than the asking price of $ 29.95 million.
Located behind a gate with more than one hectare, this one-story house was previously owned by Kim Lubell, who co-founded the denim brand True Religion. Lubell sold the house in 2015 for $ 18.45 million after asking for $ 26.5 million for property.
Built in 2001, this five bedroom, six bathroom house has a U-shaped design that surrounds the entrance of the courtyard. Inside, there is a cathedral-style ceiling with depressed beams, hand-plastered walls, a chef’s kitchen, and an office. Three stone fireplaces were imported from Europe.
Outside, the sea view creates a backdrop for golf courses, sports fields and swimming pools. A private staircase leads from the property to Malibu Road.
Christopher Cortazzo of Compass is a listing agent. Jonathan Nash from Hilton & Hyland represents a buyer, a limited liability company.
Beverly Crest – $ 11 million
Corporate entity bound to Dawg Top entertainment founding father Anthony Tiffith, which represents some of the biggest names in hip-hop, paid around $ 2 million less than the asking price for newly built homes on Bowmont Drive.
The 13,100-square-foot exhibition site, which was completed this year, stands on two-thirds acres of land, with views extending from Century City to the coastline.
Designed by architect Jay Vanos, this charming three-story house with white marble slabs, glass walls and modern chandeliers. A living room with a ceiling as high as 26 feet, a game room with a golf simulator, a home theater and a Turkish bath are some of the features that need attention. There are seven bedrooms and 9.5 bathrooms, including a corner master suite.
Stephen Apelian and Joyce Rey of Coldwell Banker are recording agents. Ugene Dozier from Vista Sotheby International Realty represents the buyer.
Beverly Crest – $ 10.45 million
On Clear View Drive, contemporary style houses built last year were sold Edward and Emily Greenspan, art collector and consulting and advisory company owner Tag Art, approximately $ 550,000 million of the asking price.
Originally registered in December for around $ 15 million, terraced homes saw the price cut to around $ 11 million by the end of March due to restrictions on living in homes placed in California because of coronavirus.
The glass path crosses the reflected pool to reach the house, which has five bedrooms, eight bathrooms, and nearly 8,800 square feet. Inside, the open concept plan has a pocket door that connects indoor-outdoor spaces, a 1,500-bottle wine cellar and a lounge with a bar.
Decking surrounds an infinity pool and backyard spa. An underground garage is located below.
Ginger Glass of Compass represents buyers and sellers in transactions.