Political uncertainty and fears of recession have not broken the real estate market’s stride. Against all odds, 2019 was a banner year for nine-figure deals, particularly in Los Angeles, where the historic-price record was set twice within a four-month period. New York and Palm Beach, Fla., also set new milestones.
In many of the other ultra-affluent locales where the profoundly wealthy famously pony up astronomical sums for unimaginably lavish homes, prices remained extraordinarily high if not nearly as record setting as in New York or L.A., and for those spendthrift high rollers with money to burn and an unrequited penchant for insanely expensive, high-maintenance estates, there were a variety of rarefied options around the country.
(A)fter it first came for sale at an in-hindsight absurdly stratospheric $180 million price, the showbiz-pedigreed Owlwood Estate in L.A.’s hoity-toity Holmby Hills, once home to Cher, Tony Curtis and Marilyn Monroe, is now available through Sally Forster Jones and Tomer Fridman, both at Compass, along with Hilton & Hyland’s Drew Fenton, at the enormously discounted price of $115 million.
Written by James McClain