Trousdale Estate Manse Asking $39M Tops LA County Contracts

A Trousdale Estates home with a $38.8 million asking price and design by a prominent Southern California architect caught a buyer’s eye.

The property, located at 1120 Wallace Ridge in Beverly Hills, went into contract last week. It marked the seven-day period’s largest signed contract, based on asking price, according to a report produced by Douglas Elliman’s Eklund Gomes team.

The two-level home has five bedrooms and seven bathrooms across 7,000 square feet. It sits on nearly three-quarters of an acre.

Beverly Hills Estates’ Branden Williams and Rayni Williams, along with Westside Estate Agency’s Kurt Rappaport and Stuart Vetterick hold the listing.

The property asked as high as $48 million in October and was most recently listed in February at the current listing price.

The home last sold in 2022 for $19.5 million, after being purchased by a Los Angeles-based real estate holding company helmed by Mehrad Javahery, according to property and state records.

Architect Edward Fickett, known as the “king of the tennis court estates,” designed the mid-century modern home. He nabbed the title based on his residential work featuring full-size tennis courts as a prominent amenity. Fickett designed more than 50,000 homes in Southern California and is credited with the build-out of Sherman Oaks, Reseda and Granada Estates, according to the Los Angeles Conservancy.

While much of Fickett’s work was in tract housing, the Wallace Ridge property is an example of his skills on the high end.

The home’s full-size tennis court is a big selling point, with 100-year-old olive trees to maintain privacy, 18-foot ceilings, a pool, spa and outdoor kitchen.

A Malibu property on Billionaire’s Beach, asking $15.9 million, was last week’s second-largest signed contract, according to the Eklund Weekly Luxury Report Los Angeles.

The home at 22202 Pacific Coast Highway touts 55 feet facing the beach. It has four beds and four baths across over 3,200 square feet.

The Cape Cod-style property sits on about a quarter of an acre and gives its incoming owner proximity to Nobu and Soho House.

The Agency’s Sandro Dazzan holds the listing.

Records through PropertyShark and state filings indicate the seller is Dirk Manthey, who was the publisher of Malibu Magazine until its 2023 purchase by Malibu Times Magazine.

The Beverly Hills and Malibu listings are among the 28 contracts signed last week, according to the Eklund Gomes report. Those contracts penciled out to $221.9 million in asking dollar volume. That’s little change from the market’s activity in the prior week ended May 18, which counted 27 contracts equating to $231.8 million in listing price volume.