Pal­isades home sells for $14.75mil­lion

Los Angeles Times - - HOT PROPERTY - Neal.leit­ereg@la­

Sev­eral Tra­di­tional-style homes around L.A.’s West side, an ocean­front con­tem­po­rary in Mal­ibu and a re­cently built res­i­dence in Arcadia were among the most ex­pen­sive res­i­den­tial real es­tate sales in the Los An­ge­les area last week.

$14.75 mil­lion — Pacific Pal­isades

A10,000-square-foot home in the 500 block of Chau­tauqua Boule­vard sold for $14.75 mil­lion, one of the most ex­pen­sive sales per square foot his­tor­i­cally in the area.

Built in1937 and up­dated last year, the East Coast in­spired Tra­di­tional has a clas­sic white­washed brick fa­cade, in­te­ri­ors de­signed for for­mal en­ter­tain­ing and canyon and city views. Grounds of more than an acre con­tain a large out­door pav­il­ion and swim­ming pool with a spa.

F. Ron Smith of Part­ners Trust Bev­erly Hills and Aaron Kir­man and Paul Stukin of John Aaroe Group were the list­ing agents. Va­lerie Fitzger­ald of Cold­well Banker Res­i­den­tial Bro­ker­age rep­re­sented the buyer in the sale.

$10.134 mil­lion — Mal­ibu

A2.39-acre prop­erty in the 5000 block of Philip Av­enue sold for about $10.13 mil­lion, down slightly from the Oc­to­ber list price of $10.495 mil­lion, but up from the previous sale price of $2.1mil­lion in 2013.

Plans for a10,000-square­foot con­tem­po­rary, to be com­pleted this year, in­clude a homethe­ater, a wine cel­lar, glass pocket doors and a 60-foot pool.

Joshua Spiegel and Gail Co­p­ley of Cold­well Banker Res­i­den­tial Bro­ker­age rep­re­sented both ends of the trans­ac­tion.

$8.055 mil­lion — Bev­erly Hills

A Mediter­ranean-style res­i­dence on more than half an acre in the12000 block of Crest Court sold for $445,000 less than the Fe­bru­ary list price of $8.5 mil­lion.

Gallery walls, a two-story en­try and an of­fice/li­brary high­light the 6,586 square feet of liv­ing space, which has five bed­rooms and 6.5 bath­rooms. Flat grounds with a pool with a spa and a foun­tain fea­ture take in 280-de­gree views.

Bev­erly Ma­tus of Ready Prop­er­ties was the list­ing agent. Brid­get Martens of Sotheby’s In­ter­na­tional Realty rep­re­sented the buyer.

$8 mil­lion — Brent­wood

Listed for sale in Jan­uary for $9.25 mil­lion, an East Coast-in­spired Tra­di­tional on a flat half-acre lot in the 500 block of Moreno Av­enue sold for $8 mil­lion.

Built in1939, the fenced es­tate sold for $4.25 mil­lion in 2001. En­tered through a two-story foyer, the 5,547square-foot home has her­ring bone wood floors, a wood-pan­eled of­fice, five bed­rooms and six bath­rooms. A de­tached ca­sita and a swim­ming pool with a spa are among the ex­te­rior fea­tures.

David Of­fer of Berk­shire Hath­away Home Ser­vices Cal­i­for­nia Prop­er­ties rep­re­sented both the buyer and the seller.

$7.4 mil­lion — Hol­ly­wood Hills West

The one­time home of film di­rec­tor Paul Leder sold in the 7000 block of Hill­side Av­enue for $7.4 mil­lion af­ter com­ing on the mar­ket in Fe­bru­ary for $8.59 mil­lion.

Set be­hind a gated drive, the 7,200-square-foot house was re­cently re­mod­eled and has wood-vaulted ceil­ings, im­ported mar­ble and a lounge area with floor-to­ceil­ing glass. Ahome the­ater, a gy­mand an in­fin­i­tyedge pool and spa are among the ameni­ties.

Joshua and Matthew Alt­man, the Alt­man Broth­ers, of Dou­glas El­li­man were the list­ing agents. James Har­ris and David Parnes of the Agency rep­re­sented the buyer.

$7.2 mil­lion — Arcadia

Are cently built home in the 900 block of Fallen Leaf Road sold for $7.2 mil­lion, down­from$7.98 mil­lion, in less than twoweeks. The prop­erty, which en­com­passes half an acre in the Santa Anita Oaks area, sold for $2.75 mil­lion in 2013.

Built in English Tra­di­tional style, the house has seven bed­rooms and 7.5 bath­rooms in10,800 square feet of liv­ing space. Two re­tractable movie screens flank the out­door swim­ming pool.

Robert Ho of Long Dragon Realty Group­was the list­ing agent. Kay Yoon, also with Long Dragon Realty Group, rep­re­sented the buyer.

$6.24mil­lion — Mal­ibu

An ocean front home in the 24000 block of Mal­ibu Road sold for $6.24 mil­lion in less than two months.

Ac­cessed through a court­yard en­try, the re­mod­eled home has walls of glass, tone ac­cents and wood pil­lars through­out the 3,927 square feet of liv­ing space. An ocean-fac­ing mas­ter suite fea­tures a gas fire­place set in glass, while a lower en­ter­tainer’s level in­cludes built-in wine stor­age.

Madi­son Hilde­brand and Jen­nifer Chris­man of Part­ners Trust Mal­ibu were the list­ing agents.

These are the top res­i­den­tial real es­tate sales re­ported on the com­bined L.A./ West­side Mul­ti­ple List­ing Ser­vice for the pe­riod be­gin­ning May 24 and end­ing May 39.

Chad Z. King

A 10,000-SQUARE-FOOT Tra­di­tional in Pacific Pal­isades sold for $14.75mil­lion, or $1,475 per square foot. The home was built in 1937 and up­dated last year.

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