Forget the million dollar listing. If anything, 2016 has been the year of hundred-million-dollar listing.
A handful of headline-grabbing Los Angeles sales spurred sellers to reach for the stars with their listing prices this year. Those prices were realistic in some cases. In others, not so much.
“We do have some instances where the buyers have not stepped up to the plate to meet seller’s expectations,” broker Jeff Hyland told The Real Deal in February. “We’re working with sellers now to get more attune to where the market really is.”
Big ticket properties that did sell included Owlwood Estates and the Playboy Mansion, for $90 million and $100 million, respectively.
Read on for a list of the 10 most expensive properties that hit the market in 2016 and are still up for grabs.
1. Spelling Mansion, $200 million
Petra Ecclestone Stunt and the mansion at 594 Mapleton Drive (Credit: Wikipedia Commons, Getty)
This iconic Holmby Hills mansion, most recently revamped by British heiress Petra Stunt, hit the market in October for the second time in five years. The 56,000-square-foot house, at 594 Mapleton Drive, truly has it all, from a two-lane bowling alley and a service wing to a wine cellar and beauty salon. While the mansion is currently the highest priced on the market by a long shot, third-party brokers told The Real Deal that it may be worth every penny of its sky-high ask. “It’s elegant but it has a sexy, rock n’ roll feel,” said Ben Bacal of Rodeo Realty, who is not involved with the property. “It’s 100 percent worth it.” After moving into the property in 2011, Stunt hired 500 employees to renovate it.
If it sells for its asking price, it would set the record for the priciest ever single-family deal ever recorded in L.A. Rick Hilton and David Kramer of Hilton & Hyland have the listing.
2. Le Belvedere, $85 million
Le Belvedere at 930 Nimes Road
This 40,000-square-foot Bel Air mansion developed by property mogul Mohamed Hadid, father of supermodels Gigi and Bella Hadid, was sold in 2010 for $50 million to international buyers. But they never actually moved in and Hadid has rented the property from them since. The 10-bedroom estate sits on two acres and features a ballroom for more than 200 guests, a Turkish hammam, a Moroccan-themed room and a 70-foot infinity pool. Joyce Rey of Coldwell Banker Previews International and Stacy Gottula of the Agency have the listing.
3. 2727 Benedict Canyon Drive, $85 million
Cher (credit: Emett Mcginty), Eddie Murphy (credit: David Shankbone) and the home (credit: Matt Momberger)
This Beverly Hills Post Office compound, famous former residents of which include Cher and Eddie Murphy, also has a Moroccan-themed component — an entire guesthouse. The 16-acre compound comprises a 20,000-square-foot main residence, the 7,000-square-foot four-bedroom guesthouse and a safe room. Outside, there’s a tennis court, an equestrian barn and a system of private hiking and riding trails. Aaron Kirman of John Aaroe Group has the listing.
4. 300 Delfern, $79 million
The former home of socialite Edith Mayer Goetz, a sprawling estate with four separate residences, two swimming pools, two greenhouses, and its own funicular, hit the market this year for $79 million. The current owner is investor Gary Wilson, the former Northwest Airlines chairman. He first began amassing the estate in the early 1990s with the purchase of the 11-bedroom Goetz residence, and eventually bought the three guesthouses from a neighbor. The main house spans 20,000 square feet. Jeff Hyland and Drew Fenton of Hilton & Hyland share the exclusive listing with Aaron Kirman of John Aaroe Group.
5. The Bradbury Estate, $68 million
The Bradbury Estate at 388 Long Canyon Road
Who needs Beverly Hills? This eight-acre spread in the tiny San Gabriel Valley town of Bradbury is owned by real estate investor Donald Abbey. It features a two-story library, a chef’s kitchen, a 3D theater, a 2,000-bottle wine cellar, two master suites, a poker lounge, and a firing range. Outside, there’s a 10-car garage, a pool house, temperature-controlled koi pond and a two-story waterfall. Maria Sarah Snyder of Berkshire Hathaway has the listing.
6. 33218 Pacific Coast, $60 million
Cindy Crawford, Rande Gerber and their property along Encinal Bluffs (Credit: Getty, Malibu Oceanfront Estate)
Supermodel Cindy Crawford and her husband Rande Gerber listed their Malibu digs for $60 million in November, a hefty profit over the $50.5 million they paid for it just 18 months before.
The Mediterranean-style 3.2-acre estate includes two separate parcels and a 5,254-square-foot main residence with four bedrooms and 5.5 bathrooms. The home has an expansive great room, a circular staircase, guest suites with private entrances and a master suite with its own fireplace, sitting areas and two separate bathrooms. Outside, there is a tennis court, a swimming pool and a lounge area. Christopher Cortazzo of Coldwell Banker and Kurt Rappaport of Westside Estate Agency have the listing.
7. 22506 Pacific Coast, $57.5 million
This nearly 6,000-square-foot Carbon Beach home is being shopped by Joel Silver, the producer behind the “Lethal Weapon” series. The property, which has five bedrooms and six bathrooms as well as a detached two-bedroom guest house, first hit the market in April. The two residences are connected by patios, a pool, a spa and a tennis court. Judy Ferer of Hilton & Hyland has the listing.
8. Chandler Estate, $50 million
Norman Chandler (Bettmann / Getty) and the house at 455 South Lorraine Boulevard
Once owned by Los Angeles Times publisher Norman Chandler and his wife Dorothy, this Beaux Arts-style abode recently hit the market for $50 million — more than five times what its current owners, Nigerian furniture manufacturer Robert Oshodin and and his wife Mimi, paid for it in 2014. The drastic price hike might be justified by a recent renovation of the 1913-built house. The 9,300-square-foot Windsor Square residence has six bedrooms and eight bathrooms. Keller Williams broker Joseph Soaris has the listing.
9. 1231 Lago Vista, $43.9 million
The home at 1231 Lago Vista (Credit: Hilton & Hyland)
Its brokers insist it’s “not just a party house,” but this Beverly Hills pad custom designed by fashion mogul Charles Park certainly comes with some party-friendly features. It boasts a home theater, a 600-bottle wine cellar, a six-foot Mooi chandelier that’s sure to impress, and $400,000 worth of ambient lights from Belgium. The Beverly Hills abode has seven bedrooms and 11 bathrooms. It comes furnished, complete with an original Andy Warhol in the foyer. Aaron Kirman of John Aaroe Group and Drew Fenton of Hilton & Hyland share the exclusive listing. Records show a trust linked to Park bought the site, at 1231 Lago Vista Drive, for just $4.2 million in 2013, so the asking price likely represents a tidy profit.
10. 27724 Pacific Coast, $42 million
This 1.6-acre beachfront spread by designer Scott Gillen is anything but a sandy shack. The three-bedroom, three-bathroom house features 13-foot ceilings, walls of glass, a large great room, and multiple wrap-around decks. Sandro Dazzan of Coldwell Banker Residential Brokerage has the listing.