The last $100 million home sale in L.A. was in April 2018, when Peter Morton’s Malibu estate sold for $110 million, setting a record in L.A. County. A pair of $100 million homes in Bel Air and Beverly Hills had sat on the Multiple Listings Services for years, not to mention the slightly less stratospheric mansions in the $50 million and up range, which were also mired on the market.
What a difference six months makes.
Since July, three L.A. County mansions have sold for at least $100 million and a fourth landed a buyer for $94 million. Together, they totaled roughly $460 million.
One property brokers pointed to is the 12,200-square-foot Owlwood Estate in Holmby Hills. It is now on the market for $115 million. Built in 1936 by architect Robert Farquhar, it was designed in the Italian Renaissance Revival style and sits two miles from Chartwell.
Sally Forster Jones and Tomer Fridman of Compass have the listing. A Compass spokesperson said there has been interest in the property but would not elaborate.
Written by Matthew Blake
Source TheRealDeal Los Angeles