Record-setting spec home developer snags Holmby Hills estate

Gala Asher sold a home in the same neighborhood for $100M last year

TRD LOS ANGELES /
Oct.October 04, 2017 08:00 AM

There could be another $100 million spec home headed to Holmby Hills.

Prominent Angeleno developer Gala Asher dropped just under $12 million for a home on Mapleton Drive in the Holmby Hills, the Los Angeles Times reported. The developer paid $4,000 over asking for the property, which he likely intends to redevelop.

The 6,000-square-foot house has five bedrooms, six-and-a-half bathrooms, a wet bar and office den. A rose garden, lawn, swimming pool and pool house surround the mid-century house.

Antony Arkel of Rodeo Realty had the listing. Ginger Glass of Coldwell Banker represented Asher.

The developer set a record last year when he sold a spec home on Carolwood Drive in the same Holmby Hills neighborhood for $100 million to Platinum Equity executive and Detroit Pistons owner Tom Gores. He originally purchased that home — which is tied with the Playboy Mansion as the most-expensive single-family home sale in the county — for $13.25 million. [LAT]Natalie Hoberman


Related Articles

arrow_forward_ios
Eva Chow and 133 S Mapleton Drive (Getty, Realtor)

Eva Chow’s supersized Holmby Hills mansion gets another price cut

Eva Chow’s supersized Holmby Hills mansion gets another price cut
Join LA’s residential stars for a market discussion Oct. 7

Join LA’s residential stars for a market discussion Oct. 7

Join LA’s residential stars for a market discussion Oct. 7
Elvis and Priscilla Presley with the home (Credit; Bettmann/Getty Images)

Elvis Presley’s former Holmby Hills home sells for $30M

Elvis Presley’s former Holmby Hills home sells for $30M
Real estate brokerages in Los Angeles and elsewhere have made shifts in their business over the last five months that could be for the long-term.

Survival of the slimmest: TRD looks at the future of the residential brokerage

Survival of the slimmest: TRD looks at the future of the residential brokerage
Fanny Brice and the home (Credit: Wikipedia and Zillow)

Rebuilt estate in Holmby Hills returns to the market asking $62M

Rebuilt estate in Holmby Hills returns to the market asking $62M
The Real Deal's Hiten Samtani brought together some of California's star residential agents to discuss the latest trends in the luxury market.

WATCH: LA luxury market snapshot with Jade Mills, Rayni Williams, Stephen Shapiro & Josh Flagg

WATCH: LA luxury market snapshot with Jade Mills, Rayni Williams, Stephen Shapiro & Josh Flagg
Jamie Duran and 23676 Malibu Road (Credit: Jeff Newton and Google Maps)

Coldwell Banker slashes office space in Malibu, Los Feliz

Coldwell Banker slashes office space in Malibu, Los Feliz
Gala Asher and Kylie Jenner (Credit: J. Vespa/WireImage, and Ethan Miller/Getty Images)

Kylie Jenner pays $37M for Gala Asher’s Beverly Hills spec mansion

Kylie Jenner pays $37M for Gala Asher’s Beverly Hills spec mansion
arrow_forward_ios

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

Loading...