A deal is pending to sell an original Paul Williams-designed Holmby Hills home, marking last week’s top property to go into contract.
The home at 111 North Mapleton Drive, which is listed by Westside Estate Agency’s Kurt Rappaport, is asking $25.5 million. That shakes out to $1,933 per square foot.
The asking price made it the No. 1 home to go into contract last week within Los Angeles County, according to the Eklund Weekly Luxury Report Los Angeles.
The weekly compilation counts homes listed in the Multiple Listing Service for $4 million or more and is compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team.
The seller, according to the Eklund Gomes report, is producer Joe Roth, whose Revolution Studios is behind “Maleficent” and “F9” among other films.
Previous listings for the property show the asking price was as high as $48 million in 2021 before going through a series of reductions.
Highlights of the spacious spread include a swimming pool, tennis court, library, game room and screening room. The traditional-style mansion has seven bedrooms and 13 bathrooms across over 13,000 square feet.
Reality TV star and makeup mogul Kylie Jenner may want to take a cue out of the pricing playbook of the now-pending deal.
Her home at 145 North Mapleton Drive, which sits on nearly an acre lot, was built in 2019 and spans over 15,000 square feet. It counts seven bedrooms and 14 bathrooms.
Jenner listed the spacious pad in late December for $48 million, or $3,127 per square foot. She bought it in 2020 for $36.5 million, or $2,378 per square foot.
Roth’s home drove signed contract activity last week, which totaled 24 properties equating to $190.3 million in asking volume, according to Eklund Gomes. The activity reflected a nearly 38 percent jump in volume and eight additional contracts compared to the same time last year.
Notably, the gains lap a general run-up in the market seen last year post-Palisades and Eaton fires in which lease and sale activity trended up as displaced homeowners sought temporary and permanent residences.
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