multi million dollar homes: Is Candy Spelling's $150 Million Mansion About to Be Sold? - 06/14/11 07:22 AM
Is Candy Spelling's $150 Million Mansion About to Be Sold?

The Wall Street Journal reports that "The long-running drama over the sale of the highest-priced home in the U.S. appears to be heading to its finale".
The wildest thing about this news is that the Buyer is a 22-year old heiress - Petra Ecclestone.
Petra Ecclestone's father is the British billionaire and Formula One racing boss Bernie Ecclestone.
Petra Ecclestone also has a six-story house in London, purchased for £56 million ($90.9 million).
Ecclestone has been described as "one of the most spoilt girls in Britain," according to the Daily … (15 comments)

multi million dollar homes: 30,000 sq ft Beverly Hills Home - Listed at $63 Million - 06/10/11 01:08 PM
The Huffington Post reports that Guess Clothing co-founder Armand Marciano has listed his Benedict Canyon mansion in Beverly Hills for $63 million.
The $63 Million Price Tag makes this property the third highest priced property currently listed For Sale in the Los Angeles area. (First place is held by Candy Spelling's $150 Million Mansion followed by a $75 Million listing in Malibu).
  
According to The CLAW MLS, Marciano's 30,000 sq ft Mediterranean Villa in Beverly Hills is set on nearly 20 acres with a view overlooking the city.
The property has 7 Bedrooms, 13 full Baths and 9 half-baths. … (14 comments)

multi million dollar homes: Now That's a Price Reduction .... "Reduced By $13.5 Million" - 9577 Sunset Blvd, Beverly Hills, CA 90210 - 05/17/11 10:04 AM
9577 Sunset Blvd, Beverly Hills, CA 90210
One of the most expensive listings in Los Angeles/Beverly Hills has had a huge price reduction of $13.5 Million. Originally listed almost a year ago at $68.5 Million, the opulant 36,000 sq ft 9-Bed 13-Bath mansion remained unsold - hence the hefty 20% price reduction.
 
 
 
The MLS Listing describes the mansion as "The epitome of European elegance .... (with) delicate hand carved imported limestone exterior, onyx marbles, marble columns, antique mirrors, exceptional French moldings with 24karat gilt, & bronze beveled double paned windows & doors .... An entertainer's … (8 comments)

multi million dollar homes: $35 Million Condo In Century City, Los Angeles | $12 Million Price Reduction For Candy Spelling's Condo - 12/08/10 10:55 PM
It's official - Candy Spelling paid $35 Million for her Century City condo.
Curbed LA reports that "Two and half years after the record-setting deal was first announced, Candy Spelling closed today on her penthouse at The Century in Century City. Spelling paid $35 million for the two-story penthouse."
The $35 Million price tag is substantially lower than the $47 Million originally reported, reflecting the depressed Real Estate Market in addition to "the fact that the final build-out square footage of Spelling's penthouse (15,555 square feet) is 1,000 square feet smaller than anticipated."
Candy Spelling's Holmby Hills Mansion is on the … (12 comments)

multi million dollar homes: Sold for $34 Million - Portabello Estate in Cornona del Mar, California - 11/21/10 01:50 PM
Portabello Estate in Cornona del Mar (California) has sold for $34 Million.
According to The Wall Street Journal, the 22,000 square foot beachfront estate with 8 Bedrooms and 10 Bathrooms has finally sold for $34 Million after being on-and-off the market for 4 years. It's reported that an additional property valued at $7 Million was included as part of the deal.
The house was originally listed in 2006 for $75 Million but was taken off the market a year later. It was re-listed at the beginning of this year for $49 Million.
Billed as the "most expensive house in California" when … (5 comments)

multi million dollar homes: Million Dollar Homes Selling For Massive Discounts | Real Estate Buying Opportunity - 11/12/10 11:48 AM
CNNMoney.com has featured and article showing that Million Dollar Homes across the country are selling at massive discounts.
Several examples are given highlighting the deep discounts made to sell these luxury homes:
Palm Springs, California - A remodeled 5-Bed 5-Bath Mediterranean is being marketed at a 28% compared to prices seen a few years ago;
Las Vegas, Nevada - A repossessed 5-Bed home has been marked down a whopping 64% from it's previous Selling Price;
Scottsdale, Arizona - A 4400 sq ft Tuscan home has been marked down by 31%;
Norwalk, Connecticut - A custom-built 400- sq ft Colonial-style home … (5 comments)

multi million dollar homes: The $150 Million Spelling Mansion - The Most Expensive Listing on The CLAW MLS - 10/31/10 05:33 PM
The $150 Million Spelling Mansion - The Most Expensive Listing on The CLAW MLS
In August 2008 there was great interest and excitement when Candy Spelling purchased a $40 Million condo in Century City and not-so-quietly pocket-listed her Holmby Hills Mansion for $150 Million. The heir to the Aaron Spelling media fortune was "down-sizing" from a 56,000 sq ft mansion to a 16,000 sq ft condo in the sky.
Last month the property was officially listed on The MLS, and is currently the most expensive listing available. The second most expensive listing currently on The MLS is in a distant … (8 comments)

multi million dollar homes: $50 Million Mansion Sells in Los Angeles | 630 Nimes Road, Bel Air - 10/09/10 08:23 AM
The Wall Street Hournal reports that "Le Belvedere", "a Los Angeles mansion that originally listed for $85 Million has sold for $50 million".
I blogged about this property in April of this year, commenting on how the priced had been reduced from $85 Million to $72 Million.
What I found astounding was the annual property taxes on such a property would be well in excess of $1 Million.
"The home, which was owned by real-estate developer Mohamed Hadid, first listed for $85 million in 2009 but most recently asked $72 million. Public records list the buyer as Sarp Turanligil, owner of … (4 comments)

multi million dollar homes: Spectacular View Properties For Sale in Los Angeles - 08/01/10 01:10 PM
These are some of the spectacular views of homes currently listed For Sale on The Combined Westside / Los Angeles MLS.
(LHS Pic) Magnificent view from a Santa Monica Penthouse - Listed For Sale at $7.3 Million
(RHS Pic) Stunning ocean view from a Malibu home - Listed for $10.9 Million

(LHS Pic) A spectacular night view from a Beverly Hills home - Listed for $14.5 Million
(RHS Pic) A tranquil and serene view from a Malibu property - Listed for $16.9 Million

(LHS Pic) A view from a Wilshire Corridor Condo - Listed at $1.5 Million
(RHS Pic) … (7 comments)

multi million dollar homes: Dr. Phil's $16.5 Million Beverly Hills Mansion Listed For Sale - 07/11/10 01:23 PM
Dr. Phil has listed his Beverly Mediterranean Villa for $16.5 Million.
According to The MLS, the 8-Bedroom 7-Bathroom house is over 11,000 square feet. The home features a theater, gym, billiard room and a detached 2-bedroom guest casita.
Dr. Phil and his wife bought the home in 2002 for $7.5 Million.
According to The LA Times, Dr. Phil and his wife are selling because they have bought a hillside view home that they've been admiring for years.




Listed by William Dolan of Hilton & Hyland - Photos by photographer Marc Angeles.
(22 comments)

multi million dollar homes: $75 Million For An Unfinished Home - 06/23/10 11:09 AM
The bursting of the housing market bubble and the ensuing recession has hit far and wide and effected every sector of the housing market.
Even the largest single family home in America is suffering from the fall-out.
According to The Wall Street Journal, a 90,000 sq ft mega-mansion (named Versailles) is on the market for a mind-boggling $75 Million ... and at this price the house in unfinished!
Located on Lake Butler at Windemere, Florida, the 13-Bedroom 23-Bathroom house (with a 6000 sq ft master-suite) features a 20-car garage, three pools and a two-story wine cellar.
The owner - CEO of … (5 comments)

multi million dollar homes: $68.5 Million - 9577 Sunset Blvd, Beverly Hills, CA 90210 - Newly Contructed Mansion For Sale - 06/14/10 10:52 PM
There are spec houses .... and then there are spec houses ....!
After being under construction since 2006, 9577 Sunset Blvd in Beverly Hills is finally complete and the property is now listed For Sale at $68.5 Million.
Set on nearly two acres, this 36,000 sq ft mansion features 9 Bedrooms and 13 Bathrooms. 
The exhorbitant price tag of $68 Million may be partially explained by the 24-karat gold-plated doorknobs fabricated at the same French workshop that has serviced the Palace of Versailles (this, according to The Los Angeles Business Journal).
The listing of this palatial home comes hot on the heels of the … (7 comments)

multi million dollar homes: And The Highest Priced Home Sale in Los Angeles for 2010 is ... - 06/11/10 09:00 PM
In April this year I blogged about a huge Price Reduction on 630 Nimes Rd, Bel Air, CA 90077:
The List Price was lowered $13 Million from $85 Million to $72 Million.
Shortly after the price reduction the property was in escrow.
Today, The Los Angeles Times ran an article proclaiming this sale to be the highest price achieved in Los Angeles in 2010 (so far, exceeding the previous record of $46.5 Million).
However, details of the new record price are unclear ....
The Listing Agent has marked the listing as withdrawn from The MLS, thereby avoiding recording the actual Sales … (5 comments)

multi million dollar homes: $35 Million - "The Glass Pavilion" in Montecito, California - 05/07/10 01:25 AM
There's a brilliant and breathtaking property on the market in Montecito, Santa Barbara County, California.
(Yes, the same Montecito where Oprah has her famous $50 Million home and where former Vice President Al Gore recently purchased a $9 Million Mansion).
Well-known Los Angeles designer, builder and Realtor - Steve Hermann of Steve Hermann Design - has listed what must be his biggest masterpiece to date: The Glass Pavilion, a 15,000 sq ft home set on 3.5 acres. 
As per the listing website, this is "An almost entirely glass home ... it allows the occupants to be comfortably inside while completely … (12 comments)

multi million dollar homes: Infinity Pools And The Multi Million Dollar Homes They Come With - 04/26/10 11:17 AM
I love Infinity Pools and enjoy seeing Multi Million Dollar Homes with pools to match.
Take a look at some of these inviting pools from Active Listings in The CLAW MLS.
These properties vary in price from $4 Million - $14 Million are are located in The Hollywood Hills / Sunset Strip, Bel Air and Malibu.
  
 
 
If you're not represented by a Realtor/Broker and would like additional information on any of the properties pictured above or would like further information on any listings in the greater Los Angeles area, please do not hesitate to call or … (4 comments)

multi million dollar homes: Josh Groban's Malibu Home Still For Sale At $6.1 Million - 04/20/10 07:04 PM
Josh Groban's Malibu home was listed for sale in mid January of this year is still on the market at the original list price of $6.1 Million.
The multi-platinum singer bought the house in 2005 for $4,125,000.
The 4-Bed 4-Bath home is described on The MLS as a "Magnificent Tuscan Villa with private beach rights." The 1.8 acre property includes a guest house with a recording studio, pool, spa and tennis court.
Groban also owns a condo in Beverly Hills that he bought in 2003 for $900,000.



(3 comments)

multi million dollar homes: Another Surprising REO - 04/20/10 10:03 AM
Last weekend I blogged about a $6,495,000 REO in Los Angeles - 10772 Chalon Rd, Los Angeles.
Today I noticed another surprising multi-million dollar REO on The MLS:
33730 Pacific Coast Highway, Malibu, CA 90265 - Listed at $14,950,000
The estate was listed in 2006 for $20 Million but it didn't sell. It was re-listed in 2007 for $19,950,000 and again, the listing expired unsold. In 2008 it was re-listed yet again, this time at $19,900,000. After 6 months the price was reduced to $17,995,000. Another six months later and the price was reduced to $16,495,000.
A Notice of Default was served in May 2009 and … (3 comments)

multi million dollar homes: Certainly Not Your Average REO - 10772 Chalon Rd, Los Angeles, CA 90077 - 04/18/10 02:04 PM
Certainly Not Your Average REO - 10772 Chalon Rd, Los Angeles, CA 90077
Chalon Road in Bel Air / Holmby Hills (Los Angeles) is one of the most expensive streets in Los Angeles with homes selling for up to $28 Million. Current listings range between $6,495,000 - $28,900,000.
It's therefore surprising to find this REO listing at 10772 Chalon Road for $6,495,000.
The MLS listing describes thie property as an elegantly restored 1930's Hollywood Regency design with architectural details: "Dramatic formal entry, massive living room, 4 bedrooms + staff, 8 baths, pool, gym, game room and professional 35MM screening room. Set … (14 comments)

multi million dollar homes: Reduced From $85 Million to $72 Million - 630 Nimes Rd, Bel Air - 04/13/10 09:53 AM
We've seen price reductions across the board, and this listing I came across today proves to be no exception.
"Le Belvedere" - 630 Nimes Road in Bel Air (Los Angeles) was listed in February 2009 for $85 Million.
It was then reduced by $13 Million to $72 Million in August 2009.
That's a 15% price reduction!
This colossal all-steel mansion is 48,000 sq ft in size and sits on 2.2 acres. The grand  residence includes 10 Bedrooms, 14 Bathrooms, 19 fireplaces, a ballroom that can seat 200 guests, a 5000 bottle wine cellar, a gymnasium and a professional screening room.
The property … (14 comments)

multi million dollar homes: The Highest Price Ever For a Condo in Beverly Hills - The Montage - 04/11/10 08:51 PM
The highest priced ever achieved for a condo in Beverly Hills has been recorded at The Montage Residences.
This record-setting sale of $10,950,000 closed on Friday 4/9/2010 ($2148 per square foot)
Unit 8D is a 4-Bed 4.5-Bath condo measuring over 4900 square feet with HOA Dues of $6064 per month (that's $72,768 per year). Annual Property Taxes are estimated at over $130,000.
That's over $200,000 in Dues and Taxes alone.
This sale easily tops the previous record of $6,150,000 for Unit 8F (also at The Montage Residences) that closed for $6,150,000 in March of this year.
As at the time of … (4 comments)

 
Palm Springs Realtor Stewart Penn, Windermere Real Estate - Associate Broker (Windermere Real Estate - Palm Springs) Rainmaker large

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker

Palm Springs, CA

More about me…

Windermere Real Estate - Palm Springs

Address: 2465 E Palm Canyon Drive, Suite 605, Palm Springs, CA, 92264

Office: (760) 325-9091

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