In Los Angeles’ high-end real estate market, land-only listings are increasingly coming on the market but for one developer, the spec home sale is still alive and well.
Lindsay Chambers, an interior designer-slash-developer, is selling a newly built, fully furnished home in the Trousdale Estates for nearly $24 million, The Real Deal has learned.
Located at 1335 Carla Lane, the 9,500-square-foot home has five bedrooms and nine bathrooms. Amenities include a home theater, interior pool and a 3,000-square-foot garage with three flat screen television screens.
Designed by Paul McClean, the residence features a limestone wall imported from Italy, as well as expansive ocean views. This marks the first time Chambers and McClean, who designed many of L.A.’s most prolific spec homes, collaborate. McClean is the architect on Nile Niami’s “The One,” the spec home development he said will sell for $500 million.
Chambers, founder of Lindsay Chamber Design, said the Trousdale home took more than three years to build. While her focus is interior design, she often takes on one development project a year, she added. Property records show she purchased the property behind an LLC, for $5.9 million in 2015.
Dustin Nicholas of Nicholas Property Group has the listing.
Chambers, who also owns a property on the Bird Streets’ coveted “Front Row,” sold a home in the Beverly Hills Flats roughly two years ago. The designer sold the five-bedroom home to the president of Snail Games USA for $8.3 million, nearly $2 million above what she had paid for it in 2015.