These were the priciest residential sales in L.A. this summer

Celebrity couple Jay-Z and Beyoncé’s Bel Air home leads the pack

Los Angeles /
Sep.September 05, 2017 02:30 PM

L.A.’s luxury housing market has been sizzling this year. The $85 million sale of David Geffen’s Carbon Beach compound to Los Angeles Dodgers owner Mark Walter smashed records. But only one superstar couple became “Crazy in Love” with L.A. real estate this summer.

Jay-Z and Beyoncé purchased a new Bel Air mansion this summer for $88 million, making it the highest sale recorded this year in Los Angeles County. 

Developed by Dean McKillen, the spec mansion has eight bedrooms and 11 bathrooms spread across a whopping 30,000 square feet.

Here are the top five priciest single-family residential sales, including off-market deals, to close this summer so far — from June 20 to August 31 — according to TRD’s analysis of Property Shark, Zillow and Redfin.

454 Cuesta Way, Los Angeles
Power couple Jay-Z and Beyoncé paid a hefty sum of $88 million for developer Dean McKillen’s mega-mansion. The two-acre gated compound comprises six structures totaling 30,000 square feet. It has four pools, a media room and a 15-car garage. McKillen purchased the site for $15 million in 2013 and rebuilt the home, which was completed last year. 

1255 Angelo Drive, Los Angeles
Bruce Makowsky sold the 3,502-square-foot home on Angelo Drive to an undisclosed buyer for $33 million in June. Listing details show the property comes with plans for an estimated 18,000-square-foot contemporary estate designed by Quinn Architects. An entity linked to Makowsky had purchased the original three-bedroom and four-bathroom home for $18.4 million in 2014, according to property records.   

917 Hartford Way, Beverly Hills
An entity tied to address of investment firm  Gores Group sold the estimated 12,000-square-foot mansion for $24.9 million in July. Tucked behind the Beverly Hills hotel, the home has six bedrooms and eight bathrooms with a wine tasting room and basement cellar.    

814 Pacific Avenue, Manhattan Beach
Private equity head Peter Nolan sold his Nantucket-style property for $19.9 million in a deal that closed last month. Nolan listed the estate in February with an asking price of $22.5 million, or $2,122 per square foot. The 10,600-square-foot home has six bedrooms and six bathrooms. There’s also a separate guest quarters featuring an underground “man cave” with a pool hall, library, wine cellar and gym.  

5453 Lasher Road, Hidden Hills
Located behind a private gate, the 5,256-square-foot home traded hands for $18.2 million in July. The six-bedroom and six-bathroom home has a separate guest house that includes two bedrooms and two bathrooms with a kitchenette. The property also has a large eight-stall barn, according to listing details.  

Harunobu Coryne contributed research for this story. 


Related Articles

arrow_forward_ios
Compass' Aaron Kirman and Weston Littlefield with 46 Deep Sea (Compass, Juwan Li)
Newport Coast mansion put on market for $62M
Newport Coast mansion put on market for $62M
Compass' Aaron Kirman with 1047 North Bundy Drive (Compass, Zillow)
Trousdale Estates mansion sells for $42M after price cuts
Trousdale Estates mansion sells for $42M after price cuts
Aristotle Capital Management's Richard Hollander and 1601 Casale Road (Aristotle Capital Management, Drew Fenton)
Pacific Palisades estate asking $58M shoots for area record
Pacific Palisades estate asking $58M shoots for area record
Grant Kirkpatrick with 308 The Strand (KAA Design Group, Paul Jonason, iStock)
Manhattan Beach manse aims for record on The Strand
Manhattan Beach manse aims for record on The Strand
Tom and Ruth Chapman; 335 Trousdale Pl. (Getty Images, Zillow)
Fashion entrepreneurs’ ask on Trousdale Estates manse tops $6,000 psf
Fashion entrepreneurs’ ask on Trousdale Estates manse tops $6,000 psf
10771 Bellagio Road with Ben Affleck and Jennifer Lopez (Linda May Property Group, Getty)
Pending sale of Bel-Air mansion poised to take one of LA’s biggest asks off market
Pending sale of Bel-Air mansion poised to take one of LA’s biggest asks off market
Kirk Lazurus and 966 Palisades Beach Rd (Molori, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Developer’s own beach house on Santa Monica’s Gold Coast to list for $25M
Developer’s own beach house on Santa Monica’s Gold Coast to list for $25M
514 Doheny Rd (Zillow)
Beverly Hills home with link to late Lew Wasserman lists for $42M
Beverly Hills home with link to late Lew Wasserman lists for $42M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...