May 3, 2018 1:46 pm
Home and condo sales on the Westside just keep heating up this spring. In fact, uber-luxury homes are not only moving, but they are moving quickly, with five high-dollar homes selling recently. Here’s a look at what’s selling on the Westside.
Malibu Compound for $110 Million
A Malibu compound bought for $5.6 million and designed over the last three decades by architect Richard Meier sold for $110 million. Meier is well-known for geometric designs incorporating the color white and is best known for the Barcelona Museum of Contemporary Art, the Getty Center in Los Angeles, and San Jose City Hall.
The compound strayed from Meier’s iconic white, but features:
- 7 bedrooms
- 9 bathrooms
- Automated shutters and windows
- Wrap-around balconies overlooking the ocean
- Teak wood
- 8000 square feet
- Guesthouse
- Swimming pool
- Courtyard garden
- Wood-plank walkways to the beach
Malibu Home for $38 Million
Joel Silver, a Hollywood film producer known for action movies such as Lethal Weapon, The Matrix, Die Hard, and Predator, sold his home recently in Malibu. Located on the Pacific Coast Highway, this beachfront house was originally built in the 1930’s but has had many updates.
The features of this home include:
- Master suite with ocean view
- 5 bedrooms and 6 bathrooms
- 2-story great room
- Formal dining room
- Office space
- 137 feet of beachfront
- Swimming pool
- Tennis court
- Detached guesthouse
- Three-quarter acre lot
Beverly Hills Mansion for $23.5 Million
This beautiful Mediterranean mansion was designed by famed architect Peter Choate known for designing homes for famous people such as Mel Brooks, Ann Bancroft, Linda Ronstadt, and Sharon Stone. Peter preferred open plans and spatial proportions, and this mansion fit that bill.
Amenities for this home built in 2000 included:
- Master suite with two bathrooms
- 9 bedrooms
- 11 bathrooms
- Exposed beam living room
- Eat-in kitchen
- Private screening room
- Hand-painted ceilings
- Private sauna
- 14,300 square feet
- Lighted sports court
- Swimming pool
- Scenic entry with fountain
- Guesthouse
- Gated estate
- 2 acres
Beverly Hills Estate for $22 Million
Wallace Neff, an architect responsible for the architectural style referred to as “California” style, designed this Spanish revival estate on Shadow Hill Way in Beverly Hills. Built in the 1950s, this home on a promontory, was recently renovated.
Here is what $22 million will buy in Beverly Hills:
- Chef’s kitchen with L-shaped island
- 3 fireplaces
- 7 bedrooms
- 9 bathrooms
- Guesthouse
- Shell-shaped swimming pool
- Fountains
- 3-car garage
- Motor court
- 8700 square feet
- 1 acre
Pacific Palisades Residence for $19.5 Million
Once owned by the “Green Acres” actor Eddie Albert, this beautiful home in the Amalfi Coast section of Pacific Palisades on the Westside was sold for the asking price. The estate was originally designed by John Byers who was fascinated with the Spanish colonial revival style and designed homes in Brentwood, Santa Monica, and Pacific Palisades during the early part of the 20th century.
The recently renovated home, sold to Bobby Murphy, the Snap Inc co-founder, boasts the following:
- 5 bedrooms
- 6 bathrooms
- Period fixtures
- Beamed ceilings
- Oversized fireplace
- Weathered wood paneling
- Pub room
- 4800 square feet
- Three-quarters of an acre lot
- Outdoor pavilions
- Swimming pool
Current Westside Market
Although these markets have uber-luxury homes, not everything selling on the Westside is limited to the ultra-rich. As of March 2018, average median prices for these three locations were:
- Malibu – $2.375 Million
- Beverly Hills – $1.835 Million
- Pacific Palisades – $2.775 Million
If you are interested in buying or selling on the Westside, give me a call. I fully understand the current market and can help you with all of your real estate needs.
Categorised in: Blog, Housing Market