Beverly Hills dominates list of top resi sales in LA County last week

The $91M total for all 5 more than doubled the amount from the week before

Los Angeles /
Oct.October 01, 2019 05:00 PM
Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)
Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)

The 90210 zip-code dominated Los Angeles County’s list of the five priciest home sales last week.

The headliner, by far, was the $43 million sale of developer Max J. Fowles-Pazdro’s estate. In all, the five sales totaled $91 million, more than doubling the total from the week before.

The information was compiled from the Multiple Listings Service and Redfin, from Sept. 24-Oct. 1.

 

1155 Angelo Drive | Beverly Hills Post Office | $43M

The sale of this Max J. Fowles-Padro-built spec home was the biggest of the last seven days. The 24,000-square-foot home sold for $3.5 million below its first asking price when it hit the market in April. But considering L.A.’s slowing luxury residential market — and even worse spec home market — that isn’t a big chop. The eight-bedroom, 11-bathroom home has several interior courtyards and large doors leading out to a landscaped backyard with gardens and a pool.

Fowles-Pazdro developed the home in partnership with London & Regional Properties. Jonathan Nash and Stephen Resnick with Hilton & Hyland had the listing. Patrick Fogarty, also of Hilton & Hyland, represented the buyer.

 

705 N. Arden Drive | Beverly Hills | $14.8M

This 10,400-square-foot home in Beverly Hills was built in 1927, but was “restored, remodeled and expanded” in recent years, according to its listing. The home’s interiors are in keeping with its era, featuring arched doorways, plaster walls, beamed ceilings, and tiled floors throughout. There are also more modern spaces, including a home theater, gym, and an updated kitchen. The home has seven bedrooms and 10 bathrooms. David Offer with Berkshire Hathaway had the listing. Douglas Elliman’s Forrest O’Connor represented the buyer.

 

1116 Laurel Way | Beverly Hills | $13.7M

The six-bedroom, eight-bathroom home is decked out with parquet floors, a large kitchen, and a maid’s room. French doors lead to a mostly tiled backyard with an elaborate pool, that evokes the era it was built — in the early 1990s. Michael and Myra Nourmand of Nourmand & Associates had the listing. Compass’ Michael Libow represented the buyer.

 

613 N. Sierra Drive | Beverly Hills | $11.7M

This new construction Spanish-style home spans 6,300 square feet and has six bedrooms and seven bathrooms. The kitchen has professional-grade appliances and a center island that rivals in size most formal dining room tables. The backyard has a pool and a detached gym area. Rochelle Maize with Nourmand & Associates had the listing. Jaime Cuevas of Compass represented the buyer.

 

32453 Pacific Coast Highway | Malibu | $7.8M

Malibu has two main categories of high-priced homes: those on the beach and those in the hills. This 12,700-square-foot mansion straddles those categories. The 2001 home sits on a hilltop just off the Pacific Coast Highway and overlooks the ocean within 1,000 feet. The home has a massive main living room, seven bedrooms, 12 bathrooms, and a pool and patio area facing the water. Chris Cortazzo with Compass had the listing, while Greg Saffer of Premier Lending Group represented the buyer.


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