Land is at a premium in Brentwood, but land values don’t seem to be rising in the toney enclave.
Just ask Tobey Maguire.
The actor who starred in three “Spider-Man” movies sold an acre of dirt for $10.75 million, according to the Los Angeles Times.
It’s the second-priciest deal for an undeveloped lot in L.A. this year, behind an $11.5 million deal in nearby Brentwood Park.
But Maguire didn’t get a big return on his investment for the land at 193 N. Carmelina Avenue. He bought the property in 2008 for $10 million and listed it a decade later for $14.25 million. Maguire dropped the price to $11 million last summer, the Times reported. David Offer of Fine Homes had the listing.
The property once included a Monterey Colonial-style home designed by architect John Byers. Past residents included silver screen legend Greta Garbo. The property has since been completely cleared.
[LAT] — Dennis Lynch