Palisades home sells for $14.75million
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.
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.