Hot news in the luxury real estate market! As originally reported in the Los Angeles Times and subsequently described by The Real Deal. The top 10 real estate sales for 2015 included one inaccuracy. They neglected to mention 1163 N Hillcrest Road which sold for $35.3M on 1.57 acres, an astounding view site on one of Beverly Hills most sought after streets. In comparing 2014 to 2015 in the very high-end there were 12 sales in excess of $30M in 2014 and 16 sales over $30M in 2015. What a year! Can we double those number next year? We certainly will try.
Read the full article below from TheRealDeal.com >>
The Los Angeles Times has rounded up the 10 most expensive single-family homes sold in the greater Los Angeles area from Jan. 1 to Dec. 31, according to Propertyshark.
$60 Million – Malibu Producer Marcy Carsey sold her Malibu beachfront estate to Interscope Geffen A&M Chairman Jimmy Iovine. The 2.2-acre compound includes a 2,500-square-foot main house on a bluff, two guest houses, a cottage near the sand, a swimming pool and a tennis court.
$59.36 million — Holmby Hills The Singleton House, a Holmby Hills estate estate built for Teledyne co-founder Henry Singleton, sold in April. The 15,520-square-foot home opens to a grand entry with an oval foyer. Formal areas, a wood-paneled study, 10 bedrooms and 12.5 bathrooms are within the Southern Colonial-style house.
$50.5 million — Malibu An oceanfront compound in Malibu’s Encinal Bluffs area sold in an off-market exchange involving a pair of blind trusts. While details are scarce, tax records indicate show multiple structures including a four-bedroom main house and two guest cottages. A tennis court and a swimming pool are within grounds of about six acres.
$47.85 million — Bel-Air Guess Jeans co-founder Maurice Marciano sold his 2.7-acre estate to hotel and casino magnate Steve Wynn for $47,851,500 in August in an off-market deal. The 19,299-square-foot contemporary-style mansion has eight bedrooms and 13 bathrooms, according to tax records. A large motor court, tiered patios, large expanses of lawn and a swimming pool and spa sit within the hedged and gated grounds.
$46.25 million — Bel-Air Liongate, the Bel-Air estate once home to singer Kenny Rogers, sold to philanthropists James and Eleanor Randall. The mansion was rebuilt and expanded in 2013 and has 11 bedrooms and 15 bathrooms in nearly 24,000 square feet of interiors. Among amenities are three living rooms, a 12-seat theater and a master suite spanning 3,000 square feet. A glass elevator leads to a formal ballroom.
$44 million — Malibu Investment banker and politician Jack Ryan sold a compound to a nondescript limited liability company in March in another off-market sale in Malibu. The estate includes an unfinished Traditional-style main house and a pool house totaling 12 bedrooms and 12 bathrooms in about 13,000 square feet.
$38 million — Bel-Air The Mediterranean-style Westside mansion on nearly two acres in Bel-Air was once owned by Georgia Frontiere, the late St. Louis Rams owner responsible for moving the football franchise from the Southland to St. Louis in 1995. The two-story villa includes a home theater, a library, a bar, an art studio and a wine cellar. A total of 10 bedrooms and 15 bathrooms are within 17,700 square feet of living space.
$36 million — Beverly Hills The onetime 90210 address of Detroit Pistons owner Tom Gores came to market in September for $43.5 million and ultimately sold for $36 million — the most expensive sale of a publicly listed home in Beverly Hills in 2015, public records show. The 14,422 square feet of living space features eight bedrooms, 11 bathrooms, inlaid marble and walnut floors, coffered ceilings, custom millwork and seven antique fireplaces.
$34.5 million — Bel-Air In June, the estate of late radio and television personality Art Linkletter quietly changed hands in an off-market deal. Mortgage documents later revealed the buyer to be Canadian billionaire and Edmonton Oilers owner Daryl Katz. The nearly five-acre property features views on the surrounding canyons, Century City and downtown L.A.
$32.67 million — Beverly Crest Following on the heels of brother Maurice’s sale in Beverly Hills, Guess co-founder Armand Marciano sold his Beverly Crest-area estate. The Mediterranean-style mansion has 10 bedrooms, 10 full bathrooms and 12 powder rooms/bathrooms in nearly 25,000 square feet of living space. Three floors of living, designed for large-scale entertaining, include a professional screening room, a wine cellar, a game room and an elevator.