Bel-Air Manse Asking $25 Million Leads LA Luxury Contracts

A Mediterranean-style estate in Bel-Air, listed for $24.8 million, topped out Los Angeles County’s signed contract activity last week.

That’s according to the Eklund Weekly Luxury Report Los Angeles, produced by Marcy Roth of Douglas Elliman’s Eklund Gomes team.

The weekly roundup includes homes in the Multiple Listing Service priced at $4 million or more and does not include off-market activity.

The asking price for the five-bedroom, seven-bathroom home at 642 Siena Way pencils out to $2,250 per square foot.

Westside Estate Agency co-founder Kurt Rappaport has the listing.

The 11,000-square-foot residence sits on an over 2-acre lot and first hit the market for $45 million in 2024 before a series of price changes, according to listing sites.

Highlights include a motor court, two-story foyer, championship-size tennis court, sprawling lawns and swimming pool.

Records through PropertyShark indicate the owner is a trust tied to the late Brindell Roberts Gottlieb and trustee Walter L. Weisman. Gottlieb was the wife of Los Angeles residential, apartment and office developer Milton Gottlieb, who died in 2006.

Beverly Hills had last week’s second largest home to go into contract based on asking price, according to the Eklund Gomes report.

Built in 1926, the home at 703 Walden Drive is asking $12.9 million, or $2,129 per square foot for the four-bedroom, five-bathroom property. It hit the market a year ago with an asking price of $14.5 million, or $2,402 per square foot. It was listed at its current asking price in September.

The over 6,000-square-foot Spanish-style home includes a private courtyard entrance, beamed ceilings, stained glass and elevator.

Berkshire Hathaway HomeServices California Properties’ David Offer has the listing.

The home last sold in 2015 for $7.7 million, or $1,269 per square foot, to a shell company named Walden, which state records show is managed by Los Angeles attorney John Litchmann.

Overall last week, L.A. County counted 22 homes to go into contract, amounting to $171.3 million in asking volume, according to the Eklund Gomes report. That’s up nearly 125 percent in volume from the same time a year ago.