Bel-Air Home Tops LA Contracts

A 1920s-built, Bel-Air estate designed by the same architect behind the Beverly Hills Hotel led the pack of last week’s signed contracts kicking off the new year.

The home at 259 Saint Pierre Road sat in the top spot on the Eklund Weekly Luxury Report Los Angeles for the seven-day period ended Jan. 4. The weekly roundup is produced by Marcy Roth of Douglas Elliman’s Eklund Gomes team and includes properties within L.A. County listed for $4 million or more.

The Elmer Grey-designed home first hit the market in March for $30.5 million or $3,456 per square foot, according to Zillow records.

Property records show the seller is an entity called Leeland Holdings International Inc., registered in the Bahamas.

Carolwood Estates’ David Parnes and Keller Williams Beverly Hills’ Greg Moore hold the listing.

Parnes and Moore are also the listing agents for 234 Saint Pierre Road. The mid-century modern abode sits next door and is listed for $18.5 million, or $3,631 per square foot.

The Saint Pierre residence that fell into contract last week counts eight bedrooms and a dozen bathrooms.

The Tudor Revival-style home includes an 8,825-square-foot main home, guest home of over 7,000 square feet and a more than 2,000-square-foot outpost for staff or security. In all, the structures sit on more than 2 acres, with walking trails, patios, two pools, a sport court and two gated driveways.

Last week’s next priciest home to go into contract was 1947 Glencoe Way in the Hollywood Hills.

The six-bed, seven-bath home spans over 6,600 square feet and is listed for $6.5 million, or $984 per square foot.

Records show the property went into default in September, with $1.4 million owed as of Aug. 11. The seller is Kenny E. Hanna Jr., according to records obtained through PropertyShark.

Standard Home Realty’s Brandon Guerrero has the listing.

Built in 2022, the home boasts a primary suite that spans an entire floor with a walk-in closet, patio and its own staircase leading to the pool. Other highlights include a waterfall feature with the infinity pool, BBQ area and elevator.

A total of five properties went into contract last week in L.A. County, which was on par with the year-ago period, the Eklund Gomes team reported. That added up to $44.8 million in asking volume, which was off about 42 percent from the comparable seven-day period a year ago.

A possible bright spot in the market is on the supply side.

Last year ended with 939 homes available for sale in the county, according to the Eklund Gomes report. That’s up slightly from the 875 listings in active inventory that kicked off the start of 2025 and is down from the nearly 1,600 homes available for sale at the most recent peak in mid-June. The clearing of for-sale inventory could signal the start of a swing to a seller’s market for the county should the trend continue.