The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year. L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently traded hands at $30 million or more.
Here’s a larger look at the most expensive home sales in late January and early February.
$35.45 million — Bel-Air
In the 600 block of Siena Way, a 3.2-acre development property above the Bel-Air Country Club sold in a deal completed outside the Multiple Listing Service.
The lot, which includes 2.8 acres of flat land, was part of a package of properties that billionaire Tom Gores traded last year in a $100-million deal for a spec house on Carolwood Drive.
Once the site of Technicolor Motion Picture co-founder Herbert Kalmus’ estate, the property currently holds an underground structure and a 15-car garage. It had been listed by Gores, the chairman and CEO of Platinum Equity and owner of the Detroit Pistons franchise, for as much as $52 million last year.
$30 million — Bel-Air
Manny Mashouf, creator and former chairman of clothing retailer Bebe, sold a Mediterranean-style estate on Delfern Drive for $9.995 million less than the asking price of $39.995 million. He bought the house in 2004 for about $13.64 million, records show.
A swimming pool and spa, a tennis court, gardens and patios are within 1.2 acres of manicured grounds.
David Parnes and James Harris of the Agency were the listing agents. Kelsey Kroon, also of the Agency, and Parnes represented the buyers, businessman Danny Harris and his wife, Pamela.
$25 million — Beverly Hills
An English traditional-style home where L.K. Sidney, the early CBS producer and former vice president of Metro-Goldwyn-Mayer, once lived sold for $3.45 million less than the asking price of $28.45 million.
Sitting on more than an acre on Tower Road, the house was originally built in 1934 and later updated and expanded to its current 15,300 square feet by Jeff Vance of IDGroup. Among the features are a media room, an oversized chef’s kitchen and a temperature-controlled wine cellar.
Courtesy of: Los Angeles Times and Neal J. Leitereg