Longtime investment advisor Frank Maiorano is selling his Manhattan Beach home with an asking price of $16.5 million. The Hamptons-style estate was the priciest new home listing in Los Angeles last week.

Maiorano, head of registered investment advisors at Baron Capital Inc., designed the 4,237-square-foot home to reflect his Hamptons upbringing, according to listing details.

The three-story home has seven bedrooms, six bathrooms and a master suite with a private deck facing Catalina. The south side of the home also has a two-bedroom, two-bathroom condo with a private entry for visitors or as staff quarters.

Maiorano purchased the home in 2013 for $4.8 million, according to property records.

Here are the top five single-family home listings in Los Angeles, not including homes that were relisted, according to TRD’s analysis of Redfin and MLS data:

1. 112 18th Street, Manhattan Beach
   Price: $16.5 million
   Size: 4,237 square feet, 7 bedrooms/4 bathrooms
   Built: 2017
   Agents: Richard Warren of Palm Realty Boutique

2. 1119 Schuyler Road, Beverly Hills
   Price: $11.9 million
   Size: 3,292 square feet, 4 bedrooms/4 bathrooms
   Built: 1953
   Agents: Ginger Glass of Coldwell Banker Residential Brokerage

3. 517 N. Beverly Drive, Beverly Hills
   Price: $11.9 million
   Size: 9,957 square feet, 7 bedrooms/7 bathrooms
   Built: 2008
   Agents: Edward Fitz of the Agency

4. 58 The Strand, Hermosa Beach
   Price: $10.9 million
   Size: 3,600 square feet, 4 bedrooms/4 bathrooms
   Built: 2017
   Agents: Rob McGarry of Vista Sotheby’s Realty and J.Woody Stahl of Lyon Stahl Investment RE Inc.

 

5. 7822 Oceanus Drive, Los Angeles
   Price: $8.5 million
   Size: 8,153 square feet, 6 bedrooms/6 bathrooms
   Built: 1994
   Agents: Julien Fontaine of Coldwell Banker Residential Brokerage