The priciest home listings in LA last week

Malibu’s most expensive estate takes the lead

Mar.March 27, 2017 08:30 AM

A former castle by the sea in Malibu made it to the top of last week’s priciest listings.

The nearly complete 15,200 square foot spec mansion on Malibu Crest Drive, called “the New Castle,” has an asking price of $80 million, or $5,263 a square foot.

It sits on the site of the former Castle Kashan owned by philanthropist and international socialite Lilly Lawrence, whose father, Reza Fallah, was once the oil minister for the Shah of Iran. The property burned down in 2007, and Lawrence sold the land to an entity connected to Gillen in 2015.

The 11,000-square-foot main house has a teak library-like wine room and teak, humidifier cigar room. The teak room alone cost $1 million, according to listing agent Alessandro Dazzan of Coldwell Banker Residential.

Here are the top five single-family home listings in Los Angeles, according to TRD’s analysis of Redfin and MLS data:

  1. 23800 Malibu Crest Drive, Malibu
    Price: $80 million
    Size: 15,200 square feet, 6 bedrooms/7 bathrooms
    Built: 2017
    Agents: Alessandro Dazzan of Coldwell Banker Residential Brokerage
  1. 10697 Somma Way, Bel Air
    Price: $75 million
    Size: 40,000 square feet, 8 bedrooms/21 bathrooms
    Built: 2017
    Agents: Ty Cueva of Westside Property Group
  1. 6907 Grasswood Avenue, Malibu
    Price: $12.9 million
    Size: 3,872 square feet, 5 bedrooms/5 bathrooms
    Built: 1974
    Agents: Sara and Paul Grisanti of Coldwell Banker Residential Brokerage
  1. 1145 Stradella Road, Los Angeles
    Price: $10.5 million
    Size: 5,040 square feet, 5 bedrooms/5 bathrooms
    Built: 2011
    Agents: Myra Nourmand and Bahar Soomekh of Nourmand & Associates
  1. 9236 Cordell Drive, Los Angeles
    Price: $8.9 million
    Size: 6,000 square feet, 4 bedrooms/5 bathrooms
    Built: 2016
    Agents: Ann Dashiell of Douglas Elliman

Related Articles

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M

Andy Reid, the President of MetroStudy

The great SoCal slowdown: Homebuilding drops 18%