Here are the 5 priciest resi sales in LA County last week; 1 includes a panic room

 The group totaled $62M; the top home sold for $14M

TRD LOS ANGELES /
Aug.August 05, 2019 05:00 PM
From top left, clockwise: 141 South Cliffwood Avenue, 1469 Bel Air Road, 921 Rivas Canyon Road, and 521 Chalette Drive
Clockwise from top left: 1469 Bel Air Road, 141 South Cliffwood Avenue, 921 Rivas Canyon Road and 521 Chalette Drive (Credit: TheMLS.com)

The priciest residential sales in Los Angeles County included homes in Bel Air, Beverly Hills and Brentwood. The top mansion closed at $14 million after a reported price chop of more than 40 percent..

The top five deals combined for $61.7 million, indicative of the current state of the lagging luxury market  in L.A., which has pushed prices down — with exceptions— and inventory up. 

The properties include a mansion that features a hidden panic room, and other properties built in the last few years. Price and property details were found using Redfin and records on PropertyShark. 

 

1469 Bel Air Road | Bel Air | $14 million

Nicknamed “Amalfi Bel Air,” the property — which is equipped with a hidden panic room — sold after a reported 43 percent price cut. According to reports, it was previously listed for $24.5 million in February 2018. The Contemporary Mediterranean style mansion was completed last year and includes 12,339 square feet of space, with seven bedrooms and 12 bathrooms. The deal pencils out to $1,135 per square foot. The lot spans over an acre and includes a putting green, infinity pool and spa. It was built by developer Chuck Taylor, who owned the property through Amalfi Bel Air, LLC. It also includes a gourmet kitchen, movie theater, and smart home automation. It was listed with Mark Goldsmith of Coldwell Banker. Chad Lurtsema with the CML Group represented the buyer. 

 

141 S. Cliffwood Avenue | Brentwood | $13.4 million

This just south of Sunset Boulevard includes 8,821 square feet of space, with five bedrooms and eight bathrooms. The price measured out to about $1,519 per square foot. The home was built last year, and features a guest suite, movie theater, elevator, and library. It was last purchased for $6.45 million in 2016 by Thomas Beadel through an LLC. At nearly half an acre, the gated estate includes a pool and spa.It was listed with Ron Wynn at Coldwell Banker Residential Brokerage. David Offer with Berkshire HathawayServices. 

 

933 N Rexford Drive | Beverly Hills| $13.2 million

The seller was Shohreh Javaheri, who purchased it in 2007 for $9 million. The home includes eight bedrooms and 10 bathrooms over 11,397 square feet. That comes out to $1,158 per square foot. The gated estate was built in 1988 on the 29,200-square-foot lot. The property had previously belonged to Academy Award-winning actress Jane Wyman, who was Ronald Reagan’s first wife. It features a pool and tennis court. It was listed with Fariba Bolour of Sotheby’s International Realty and Yafa Eshaghian of Nelson Shelton Real Estate Era Powered. Heidi Tabib of Beverly Hills Best Realty represented the buyer. 

 

521 Chalette Drive | Trousdale Estates | $12.6 million

This property sold for a loss, after the ownership entity acquired it in 2014 for $12.9 million. The property spans 5,638 square feet and has four bedrooms and five bathrooms. The deal pencilled out to $2,235 per square foot, the highest of the five this week. The Mid-Century style home was built in 1964. The lot spans over 20,000 square feet and includes an infinity pool and cabana, along with a screening room. The seller was AHG Family Trust and Withers Bergman LLP, through AHX LLC. It was listed with Mauricio Umansky and Baron Steinbrecher of the Agency. The buyer was represented by Ting Thomas Zheng with IRN Realty.

 

921 Rivas Canyon Road | Pacific Palisades | $8.5 million

This home, built in 2017, is near Will Rogers State Historic Park, and sits on a one-acre lot. The black, modern style mansion includes 5,500 square feet of space with four bedrooms and four bathrooms. It was sold by a trust that belongs to the Moccio family, which purchased it for $3.5 million in 2014. It was listed with Barbara Boyle with Sotheby’s International Realty and Drew Fenton with Hilton & Hyland. The buyer was represented by Sandro Dazzan with The Agency. Another home across the road listed recently for $18 million.


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