
Jay-Z and Beyoncé’s purchase led the pack in a year of robust deals.
It hasn’t been quite the charttopping year as was 2016 — when prices were sent into the stratosphere by two $100-million sales — but the upper crust of L.A.’s housing market continued to move at a healthy clip in 2017.
Beverly Hills and Santa Monica registered median sales prices that rank among the highest in the country, and coastal communities such as Malibu and Manhattan Beach saw price records reach new marks.
Of the 40-plus home sales of $20 million or more, there were seven deals north of $40 million and a pair in the high $80-million range, according to PropertyShark. Here’s a closer look at L.A. County’s biggest sales of the year.
$88 million — Bel-Air Hip-hop power couple Jay-Z and Beyoncé, who have a long history with the Westside rental market, became new L.A. homeowners in August with the purchase of a newly built mansion on Cuesta Way.
The modern showplace sits behind walls and gates and comprises six structures with about 30,000 square feet of living space. Features of the monolithic-vibe compound include spa and wellness facilities, a media room and four outdoor swimming pools. The windows and pocketing glass walls are bulletproof.
Patios and terraces create an additional10,000 square feet of outdoor living space. Also within 2 acres of grounds is a full basketball court.
The property, developed by Dean McKillen, was never publicly offered for sale but carried an asking price of $135 million, according to real estate sources.
$85 million — Malibu Entertainment mogul David Geffen set a Malibu record in May with the sale of his oceanfront compound on Pacific Coast Highway.
The
off-market transaction is the most expensive sale historically in the
city, records show, besting the previous high-water mark set four years
ago at $74.5 million.
Sitting
on Carbon Beach, a desirable stretch known for its wealthy homeowners,
the estate previously made headlines when Geffen fought the California
Coastal Commission over keeping closed the public beach access point
that lies next to the compound.
It
includes a main house, guesthouses and a pavilion/screening room. Gray
shingles and white trim give an East Coast vibe to the exteriors.
Outdoors are an oceanfront swimming pool and spa, lawns and a patio.
$69.9 million — Malibu An investment group led by real estate developer Mauricio Oberfeld sold
the former bluff-top home of Teodoro Nguema Obiang, son of the
president of Equatorial Guinea, in a deal finalized off-market.
The
investment group acquired the 16-acre compound a year ago for $33.5
million in cash after Obiang agreed to sell the property and other
assets to settle charges of corruption and embezzlement alleged by
federal prosecutors.
The
15,000-square-foot mansion, with six bedrooms, was renovated and
quietly shopped at the beginning of the year. It sold to an offshore
company in the British Virgin Islands, records show.
$65 million — Beverly Hills
The
onetime home of late comedian and actor Danny Thomas, once listed for
as much as $135 million, sold in February to business scion Evan Metropoulos in another deal finalized outside the Multiple Listing Service.
Sitting
on 2 acres at the end of North Hillcrest Road, a stretch coveted by
tech titans and billionaires, the sprawling estate takes sweeping city
and canyon panoramas from all sides.
The
11,880-square-foot house, built in 1970, boasts such gilded details as
Baccarat chandeliers, goldleaf ceilings and ornate tile work. A
ballroom, a rotunda dining room, a media room, seven bedrooms and 10
bathrooms are among the living spaces. Moorish arches feature
prominently inside and out.
Metropoulos
is the son of billionaire investor C. Dean Metropoulos and is a
principal in his father’s company. His brother, Daren, bought the
Playboy Mansion last year.
Aaron Kirman of John Aaroe Group was the listing agent.
$48 million — Malibu Billionaire Larry Ellison struck an off-market deal in March to buy the Carbon Beach home of Lisette Ackerberg, widow of Minnesota developer Norman Ackerberg.
The
73-year-old co-founder of Oracle Corp. has long maintained a sizable
footprint along this coveted portion of Pacific Coast Highway, buying
more than a dozen homes in the area over the last two decades.
His new house, built in contemporary style in1986, is one of the few oceanfront homes in the area with aregulation tennis court.
Although details are scant, tax records show that the property has five bedrooms, seven
bathrooms and more than 7,700 square feet of living space. Extensive
decking, a swimming pool and spa, lawns and landscaping make up about
half an acre of grounds.
$41 million — Bel-Air In December, a property with ties to blockbuster filmmaker Michael Bay sold to billionaire real estate developer Jay Paul.
The
roughly 1-acre site on Stradella Road is where Bay owned a modern
mansion designed by Jack Warner, whose architectural firm worked on the
Bel- Air Country Club. The “Transformers” producer sold the house in
2014 for $11.45 million, and it has since been renovated and expanded to
15,000 square feet, or about double its original 7,919- square-foot
footprint.
Disappearing
walls of glass, a wine room and a designer-done kitchen are among
features of the five-bedroom, nine-bathroom house. An indoor “wellness
center” contains massage and steam rooms, a sauna and a gym.
James Harris and David Parnes of the Agency were the listing agents. Alexander Tarigo of Rodeo Realty represented the buyer.
$40.8 million — Holmby Hills
Nicolas Berggruen, the
billionaire famous for shedding his worldly possessions, added a trophy
home to his portfolio in April when he purchased a Delfern Drive estate
with deep roots in Hollywood history.
The
Georgian Colonial-style home, designed by architect Gordon Kaufmann and
built in 1938, was once owned by Universal- International Pictures
President William Goetz and his wife, Edie Mayer Goetz, the daughter of
filmmaker Louis B. Mayer.
The
Goetzes commissioned Hollywood designer Billy Haines to update the home
for lavish events. Actors David Niven, Judy Garland and Cary Grant were
among stars to frequent the gatherings.
The
14,905-square-foot house, trimmed in lacy wrought-iron work, has
verandas extending from each level that overlook a circular swimming
pool. Scaled formal rooms, high ceilings and ornate details are among
the interior features. The Art Deco-inspired library/den retains the wet
bar designed by Haines.
Jeff Hyland and Drew Fenton
of Hilton & Hyland and Aaron Kirman of John Aaroe Group were the
co-listing agents. Linda May, also with Hilton & Hyland, represented
Berggruen.
$38.5 million — Beverly Hills
A
newly built contemporary in the Trousdale Estates neighborhood quietly
sold in April to a Scotland-based entity for $9.5 million less than the
whisper list price.
The
roughly 5,000-square-foot showplace sits on a Gilcrest Drive lot where
famed violinist Jascha Heifetz once had a home. During Heifetz’s
ownership, he commissioned architect Lloyd Wright to design a recording
studio on the property. The studio was moved and rebuilt inside the
Colburn School after actor James Wood acquired the property.
Described as a
“state-of-the-art modern barn,” the six-bedroom, seven-bathroom house
has paneled walls, high-end finishes and floor-to-ceiling windows. More
than an acre of grounds center on a 210-foot, zero-edge swimming pool,
which occupies the space where the studio once stood.
$38 million — Beverly Park
Tom Gores, the
billionaire investor and Detroit Pistons franchise owner, made a move
in November to reacquire his former home in Beverly Park.
The
24,000-square-foot mansion was among chips used by Gores last year to
facilitate the $100-million purchase of a 30,000- square-foot mansion on
Carolwood Drive.
The
Beverly Park estate was among the developed and undeveloped properties
that were traded for the mansion that was built on speculation. It later
appeared in the public record in October 2016 with a sale price of $40
million and in March was listed for $49 million.
Designed
by Donald Ayres, the Tuscan-style mansion has seven bedrooms, 14
bathrooms and 24,000 square feet of interior space. Formal and informal
living spaces feature beamed ceilings, contemporary fixtures and
elaborate stone fireplaces.
A swimming pool and spa, lawns, mature trees and gardens fill out more than 2 acres of grounds.
$36 million — Malibu Philanthropist and heiress Wallis Annenberg bade adieu to her spot in the Malibu Colony in March in another deal that played out offmarket.
Designed
by architect Frederick Fisher, the contemporary retreat sits on 70 feet
of frontage with views extending up and down the coastline.
The 8,400 square feet of interiors features white walls and hardwood floors for a casual beach vibe.
There are seven bedrooms and 7.5 bathrooms including a master suite with a private terrace.
Extensive
decking surrounds a lap swimming pool on the side of the house. Steps
lead from the deck to the beach below. A guest apartment sits above the
garage.
neal.leitereg@latimes.com Twitter: @LATHotProperty