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‘The One’ Megamansion Heads to Market in Los Angeles for $295 Million, Vying for a U.S. Price Record

The gargantuan megamansion in Los Angeles’s Bel Air area known as The One will be listed for sale next week with a $295 million price tag—putting it in the running for the most expensive home ever sold in the U.S. The formal listing of the 105,000-square-foot home comes ahead of an auction scheduled a month later in February via Concierge Auctions, in collaboration with real estate agents Aaron Kirman of Compass and Branden and Rayni Williams of The Beverly Hills Estates, the agents announced in a news release on Wednesday. “While in 2021, digital properties like NFTs grabbed headlines for monumental one-of-kind sales, 2022 brings us back to the physical world with The One—a real estate property unmatched in size, scale, safety and triumphant design,” Mr. Kirman said in the release. Developed by film producer-turned-developer Nile Niami, 53, nearly 10 years ago, The One sits on 3.8 acres surrounded with a moat of water on three sides and boasts panoramic views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains. It has five pools, a massive nightclub, a full-service beauty salon, a wellness spa, a 10,000-square-foot sky deck and home theater seating more than 40 people, according to the agents. Launching amid a boom in home fitness, the megamansion even has a 400-foot private outdoor running track with a glass-walled view of the city. Other standout amenities include a three-bedroom guest house with floor-to-ceiling windows, a four-lane bowling alley, a putting green, a tennis court, a 10,000-bottle wine cellar and a 30-plus car garage. Before the scheduled completion of the mega-project this year, it was engulfed in a legal battle between the lenders, including Hankey Capital and Lanes Management, and Niami-related limited liability company, Crestlloyd.

The 25 Most Expensive Homes in the World for Sale

Last year wasn’t exactly the best on record for the prime real estate marketplace, but even as a certain global pandemic extends further into its second year, things seem to be slowly bouncing back. Manhattan and other big cities made a rebound in 2021 as people slowly returned to in-office work, resulting in one of the Big Apple’s best years in terms of luxury sales in well over a decade. Some pandemic trends still persisted, though, like the slew of private islands that returned to market, aiming to capitalize on buyers’ desire to have a paradisal escape in their back pocket in case of future global crises. One of the biggest changes to look out for next year is the return of buying internationally. As travel becomes more and more commonplace, you can expect to sales of more multi-million-dollar listings in major metropolises. As for 2021, there’s still plenty of incredible homes to choose from. Below, our list of the 25 most expensive homes currently on the market around the world. 25. Pumpkin Key, Florida Keys, Florida — $95 Million Pumpkin Key has been a regular on this list as it’s been taken on and off the market over the years. That being said, there’s no better time to buy a private island than now, when we all wish that we’d had one last year. Located in the Florida Keys, this particular isle isn’t too far from Miami (it’s about 10 minutes by helicopter) and already has a three-bedroom main home built on it. Also included are tennis courts, two caretaker’s cottages and a series of golf cart paths. For those who’d like to explore the surrounding waters, the on-site marina is large enough to accommodate a megayacht. You’ll likely want to add a few more structures to the 26-acre parcel though, so best start planning now if you’re interested. 24. Willow Creek Estancia, San Diego, California — $98.5 Million Willow Creek Estancia will appeal to many different lifestyles, but it has the most perks for equestrians, who will be drawn to its 27-stall main barn, additional eight-stall barn and sand arenas. Altogether it’s a 77-acre parcel and includes a 15-acre lake filled with bass. Also included with purchase is a bevy of sportier amenities such as a tennis court, a 25-foot lap pool and a two-lane bowling alley. The main home is 15,000 square feet and comes with six bedrooms and seven bathrooms, if you’d rather just kick back and relax inside. 23. Stonewall Farm, Westchester County, New York — $100 Million Stonewall Farm, which was featured on our list last year, still hasn’t found a buyer willing to shell out $100 million. The epic, 740-acre equestrian estate is Westchester County’s largest, and has produced the winning horses of 40 stakes races. The owner, Calvin Klein cofounder Barry Schwartz, developed the property for about 40 years to create room for 88 steeds. Just an hour from Belmont Park, the grounds also sport a turf race track, round pens and fenced paddocks. Not to be outdone, the 24,000-square-foot Colonial manor house, which was designed by New York-based architect Rebecca Rasmussen, offers eight bedrooms, eight bathrooms and one of the most impressive libraries we’ve seen. There’s also a 60-foot pool, gardens and a butterfly house in case you get sick of the horses. 22. Padaro Lane, Santa Barbara, California — $100 Million Padaro Lane’s biggest perk is its private beach. Situated in the oceanside town of Carpinteria, which is part of Santa Barbara County, it’s a location that already feels relatively quiet and secluded. The existing 2,500-square-foot home here isn’t the grandest ever, so it’s really the land and location that you’re paying for. The residence sits on 4.2 acres, and the property is zoned to stable up to nine horses, which is great for the equestrian who wants to start building stables right away. Of course, you can just lounge by your own personal beach instead—that’s the more relaxing option anyway. 21. Little Pipe Cay, Exumas, Bahamas — $100 Million The Covid-19 pandemic has generated significant interest in private islands as of late. That momentum sparked Little Pipe Cay to relist, this time for $15 million more than it originally asked in 2018. The big draw here is that, unlike many other isles on the market, this one already has all of the necessary infrastructure in place, so you can move in right away. It’s a 40-acre piece of land altogether, with a 5,300-square-foot main residence that comes fully furnished. Since it’s situated in the Exumas archipelago it’s not too far off from Miami either, should you want to return to the city for a spell. However, like any private island, operational costs are a factor here—you’ll have to cough up about $1.5 million per year to keep it up and running. Build it out into a resort, though, and the place may just pay for itself. 20. The Atherton Estate, Atherton, California — $100 Million Atherton, California, consistently ranks No. 1 on Property Shark’s annual Most Expensive US Zip Codes list, so it makes sense that it appears on our tally of the world’s priciest homes. The $100 million listing was for many years the summer home of Doris and Donald Fisher, the founders of clothing retailer the Gap, Inc. Over the years additional parcels have been added to the main property, so it’s eight acres of land altogether—a rarity for the area. There are two homes on the property, plus a pool, pool house and tennis court, but the beauty of having this much space is that you can develop it into whatever you want. Add an oversized garage if you’re a car collector or build another guest house for visitors. Your call. 19. Villa Theoule Sur Mer, Cannes, France — $101.6 Million Another year and Villa Theoule Sur Mer still hasn’t found a buyer willing to dive in. The Cannes estate, which is characterized by a jaw-dropping 164-foot infinity pool, now wears a price tag of about $101.6 million. Instead of a single sprawling mansion, there are four houses at about 3,000 square feet surrounding the pool, along with two 800-square-foot apartments. Each abode carries its own theme—water and light, for example—which is reflected in the design and furnishings. On top of that, the lush grounds offer 240-degree views of the coast, as well as a separate spa area and pool house. Let’s be honest, though, it’s really all about that pool. 18. El Rancho Tajiguas, Santa Barbara, California — $110 Million There’s nothing better than a twofer, especially in the world of luxury real estate. Enter El Rancho Tajiguas. The $110 million ranch, which comprises 3,500 acres on Santa Barbara’s Gaviota Coast, comes with not one but two homes. Villa Della Costa and Villa Del Mare both span more than 10,000 square feet and collectively offer 10 beds, 22 baths, two pools, wine cellars, bars and theaters. The real draw is the acreage, though, which features avocado groves, persimmon orchards and plenty of cattle ranges. With barns, crop storage areas and water storage reservoirs, you’ll have all you need to support about 200 animals, plus a visitor or two. 17. Steve Wynn Mansion, Los Angeles, California — $115 Million Casino mogul Steve Wynn relisted his Beverly Hills digs this year at a price cut—it was originally put on the market for $135 million in 2020. Nevertheless, the property is a significant piece of real estate, with a 27,000-square-foot home and 2.7 acres of land. Wynn’s shopping it for significantly more than he originally paid: a mere $47.8 million in 2015. Like the former executive’s glitzy Las Vegas properties, the residence feels a bit like a resort, complete with a tennis court, swimming pool and pool house. It’s not the only home that he’s shopping at the moment either: Wynn also relisted his Vegas pad this year for $24.5 million. Care to roll the dice and make him an offer? 16. Green Gables, Woodside, California — $135 Million Sometimes it pays to keep it in the family. Take Green Gables, for instance. The storied home, which was originally built by banker Mortimer Fleishhacker back in 1911, has been passed down in the family for generations, and is now priced at a hefty $135 million. Located on 74 acres of land in Woodside, the estate comprises a main home designed by architects Charles Sumner Greene and Henry Mather Greene, along with six other dwellings. Altogether the place has 32 bedrooms, plenty of spots for entertaining and even a Michelin-star pub. The grounds are the real star here, though. The acreage includes several bike and hiking trails, along with picturesque lakes and gardens, plus a tennis court and an outdoor pool. 15. The 79th Floor at 432 Park Ave, Manhattan, New York — $135 Million It’s been an eventful year for 432 Park Ave. The supertall has always garnered criticism for its design—architect Rafael Viñoly was inspired by a metal garbage can, after all—but this time, the ire came from within the building itself. In a February New York Times report, residents spoke out about structural issues that made the 1,396-foot tower feel less-than-luxurious; complaints included flooding, stuck elevators and noise. In September, the condo board sued the developers over these problems.It should come as no surprise, then, that some owners are calling it quits. One example is on the 79th floor, where a unit listed this year for a whopping $135 million. Unlike other overpriced apartments in this building (see No. 12 on this list), there’s some case to be made for the asking of this full-floor offering. It’s designed by Japanese artist Hiroshi Sugimoto, and represents his first interiors project in New York City. The photographer sourced many of the materials used for the wabi-sabi style home from Japan, such as ancient cedar planks from Yakushima Island and stone tiles from Kyoto tram stations. What’s most notable is the permanent art installation that comes with the 8,055-square-foot residence. Dubbed Ukitsobo, or Floating Inner Garden, it’s comprised of two bonsai trees standing opposite one another. 14. Le Palais Venitien, Cannes, France — $135 Million When a property is called “the Palace,” you know it’s going to be royally good. That’s certainly the case with Le Palais in Cannes. Located on nearly six acres that overlook the Mediterranean, the palatial, 32,000-square-foot mansion was inspired by the city of Venice and its historic architecture; think monumental columns, stately arches and fountains aplenty. Inside, the manse offers nine suites, 12 bathrooms, numerous reception rooms and an impressive wine cellar. You can also expect lavish furnishings characteristic of Venetian design. Outside, meanwhile, there’s an expansive pool, tennis court and a secluded woodland with its own lake. Who needs the Grand Canal? 13. Vatuvara Private Islands, Fiji — $155 Million A mansion is great, but your own resort is better. Priced at $155 million, the Vatuvara Isles comes with a set of luxury hotel villas, along with a private Twin Otter aircraft to get you to and from the far-flung Fijian island. You can choose to continue running the three villas as is, or relinquish managerial duties and turn them into an exclusive oasis for yourself. In addition to this main island, the purchase also includes three other isles that are much less developed. That means there is scope to create more seaside escapes for you and your crew. It’s social distancing at its finest. 12. The Sanctuary, Santa Barbara, California — $160 Million The Sanctuary at Loon Point certainly lives up to its moniker. Priced at $160 million, the crown jewel of the West Coast combines the natural beauty of California with exclusive luxury living. Roughly seven miles south of Santa Barbara, the 22-acre oceanfront estate includes five individual land parcels that are connected by a private, gated road. The brainchild of hedge funder and philanthropist Bruce Kovner, the Sanctuary currently offers two mansions that span 8,000 square feet each, but the future owner can also opt to build additional homes. Not that you will need to, of course—right now there’s a total of 10 bedrooms and 21 bathrooms on the property, along with a spa, pool and adjoining cabana. You even have your very own citrus grove. 11. The Penthouse at 432 Park Ave, Manhattan, New York — $169 Million Sure, living on the uppermost floor of a nearly 1,400-foot tower is great, but $169 million is asking a lot. The price is almost double what the owner, real-estate developer Fawaz Alhokair, paid for it in 2016. On top of that, 432 Park Ave has had plenty of negative buzz this year (for more on that, see No. 16 on this list). Still, it’s not without its perks: The 8,225-square-foot penthouse is a full-floor unit with 24 windows, so the home certainly takes advantage of its lofty location. All of the furniture is part of the deal, too, including pieces from Hermès, Fendi and Bentley, plus a custom piano that has a brass plate printed with “Penthouse 96” on the side. What’s it like to live here? Alhokair wouldn’t know, as he never actually moved in. You’ll have to see for yourself. 10. Mylestone at Meadow Lane, Southampton, New York — $175 Million It’s hard to pick a highlight of the Hamptons, but this waterfront estate could be it. Priced at $175 million, Mylestone at Meadow Lane offers more than 500 feet of ocean frontage, between the Atlantic Ocean and Shinnecock Bay, along with eight lush acres. The modern Tudor-style mansion, which spans a little over 15,000 square feet, comprises 11 bedrooms, 12 full baths and four half baths, as well as a separate caretaker’s cottage. You can expect custom millwork and water views throughout, along with all the modern amenities. Outside, there’s ample room for entertaining, plus a pool, hot tub, five-car garage and a deepwater bayside dock for boating. 9. Mesa Vista Ranch, Pampa, Texas — $200 Million Mesa Vista Ranch has been on the market since 2017, but it hasn’t managed to attract one lone ranger, even with a few price cuts. That’s not to say it’s by any means unappealing. Now asking $200 million, the sprawling estate consists of a whopping 65,000 acres in the Eastern Texas Panhandle. The handiwork of the late financier T. Boone Pickens, who spent about half a century developing the property, the ranch comes complete with a giant 33,000-square-foot main residence and its very own two-story pub. Fit for nature lovers, the acreage has been equipped with manmade streams and a set of new conservation practices to preserve the wildlife. There’s plenty of room for four-wheeling, trail riding and the like—if you can tear yourself away from the pub, that is. 8. Sloane House, London, England — $200 Million It’s no easy feat to turn a historic 18th-century Georgian estate into a luxurious modern abode, but Formula One heiress Petra Ecclestone has managed to do exactly that with Sloane House. The British billionaire decided to keep the shell of the property, which is located in the tony neighborhood of Chelsea, but rebuilt pretty much everything else in just shy of five years. One highlight is the new basement, which includes a pool, gym, spa, hammam and squash courts, along with a salon, a kid’s playhouse and a screening room. Valued in excess of $200 million, the revamped property is now one of London’s hottest off-market offerings. 7. Tarpon Island, Palm Beach, Florida — $210 Million Yes, it’s an island, but don’t expect some far-flung hideaway in the Caribbean here. Tarpon Island is situated in the Billionaire’s Row sector of Palm Beach, a stretch of land that’s a veritable who’s who of real estate moguls: Citadel CEO Ken Griffin, who set the record for most expensive home sold in the US when he dropped $240 million on a New York City penthouse nearly three years back, owns property here. Tarpon may net a similarly sky-high asking—it already traded hands earlier this year, in fact, when developer Todd Michael Glaser snapped it up for $85 million. Glaser is now selling the man-made isle for $210 million with the promise of renovating and expanding the circa-1930s home there for the prospective buyer. If you’d rather have it as is, then he’s willing to part with it for just $125 million. The planned renovation would add 18,000 square feet of living space, a six-car garage and two pools. Stuck-in-the-past home aside, it’s a 2.2-acre parcel altogether—a sizable piece of land for Palm Beach—with a lighted tennis court. And even though it’s not exactly the most private of islands, it’s only accessible via a small bridge or by boat, so you’ll still feel away from it all. 6. Casa Encantada, Los Angeles, California — $225 Million The real estate world expects big things of Casa Encantada. The last two times the historic Bel Air estate changed hands—in 1979 and 2000, respectively—it set the record for highest residential sale in the nation. The third time hasn’t been the charm, though. The 40,000-square-foot Georgian-style mansion, which was once owned by hotelier Conrad Hilton, has been on the market since October 2019 and still no bites. Originally built in 1937 by architect James Dolena, the sprawling 60-room abode sits on eight acres above the Bel Air Country Club and comes complete with manicured gardens, a tennis court and koi pond. Now owned by financier and philanthropist Gary Winnick, Casa Encantada is patiently waiting to make history again. 5. One Hyde Park Penthouse, London, England — $247 Million London’s most expensive penthouse brings a whole new meaning to the word “exclusive.” The lavish 18,000-square-foot apartment is being offered for sale as a whisper listing, meaning brokers only share details with prospective buyers. (Luckily, we’re in the know.) On top of that, the two-floor condo is located in the ultra-affluent neighborhood of Knightsbridge, right by a Rolex boutique and McLaren dealership. The crowning glory of supertall One Hyde Park, Penthouse B is priced at approximately $247 million, which works out to be more than $13,700 per square foot. Owned by London real estate developer Nick Candy, the fully furnished five-bedder is full to the brim with suitably glitzy features, such as a Swarovski crystal chandelier and a hidden Champagne room. It also sports wraparound terraces that deliver postcard-like views of London’s famous Hyde Park. 4. Royal Style Mansion, Caesarea, Israel — $250 Million If you’ve ever visited a royal castle or mansion and subsequently wanted to buy one of your own, well, now’s your chance. This massive, 63,130-square-foot home was inspired by Baroque and Rococo architecture, and it shows. The interiors showcase marble and onyx mosaics and 14-karat gold moldings, and from the moment you walk in you’re greeted by an enormous crystal chandelier, sets of marble columns and a sweeping staircase that leads to the upper levels. And if all of that’s not enough, there are not one but two fountains in the home featuring Roman-style sculptures. Residents have access to a private spa and fitness room, two pools (one indoor and one outdoor) and saunas. It’s located not in Versailles but Caesarea, a town in Israel on the Mediterranean coast. All in all the mansion an architectural look that may not be for everyone, but it’s nothing if not impressive. 3. Cedarbrook Drive, Los Angeles, California — $250 Million The next entry on our list promises to be the largest property ever permitted in Los Angeles—once it’s complete. It’s still under construction at the moment. When the dust settles the compound will be a whopping 78,000 square feet, a number rivaled only by Nile Niami’s embattled the One, which went into receivership earlier this year. Cedarbrook Drive will have many of the same over-the-top amenities (though a nightclub isn’t on the list so far), including a bowling lane, gym, cigar lounge, wine cellar and tasting room and a 36-person movie theater. For car collectors, there will be a five-car garage with two turn tables for displaying prized marques. Since it’s mapped out as a compound, there will be a separate guest house for visiting friends and family. Obviously, this is California, so an outdoor pool with a lounge area is also included in the renderings. Those who want to buy early can get a deal on the place, as it’s only $92 million to snap up once the foundation is complete. If you’d rather wait until everything is finished, well, that’ll be $250 million, please. 2. 24 Middle Gap Road, Hong Kong, China — $487 Million This particular Hong Kong property is a regular on our Most Expensive Homes for Sale list. Built in the early ‘90s, the two-story home at 24 Middle Gap Road spans a relatively modest 6,200 square feet. It offers four bedrooms, four full baths, one half bath and a circular swimming pool in the back. At first blush, it doesn’t seem worth the exorbitant price tag, but what you’re really buying into is location. This third of an acre is located in Hong Kong’s ritzy Peak neighborhood. It’s one of the city’s most sought-after enclaves, with one home even hitting the $657 million mark back in 2015. Maybe location really is everything. 1. Villa Aurora, Rome, Italy — $532 Million The most expensive home in the world is a real buy one get one: Snag a priceless painting, receive a fixer-upper free. That’s the story with Villa Aurora anyway, which is priced at an eye-popping $532 million not for its plethora of amenities or top-of-the-line appliances, but for its artworks. The approximately 30,000-square-foot mansion is the site of the only Caravaggio ceiling fresco in existence—that alone is worth an estimated $350 million. The six-floor home contains numerous other valuable works, including rooms with frescoes by Guercino and a statue in the driveway that’s attributed to Michelangelo. The catch, of course, is that the 500-year-old villa is showing its age. The current owner, Princess Rita Boncompagni Ludovisi, spent years restoring the place, but millions still need to be spent on renovating the old home. Who knows, while you’re at it you may even discover another priceless painting hidden somewhere in the walls.

Ariana Grande Sells Los Angeles Mansion for $14 Million

Ariana Grande is saying “Thank U, Next” to her Los Angeles mansion, which sold Wednesday for $14 million. Located in Hollywood Hills’s Bird Streets—a celebrity favorite—the more than 10,000-square-foot home sits high above the city’s iconic Sunset Strip, according to the listing with Aaron Kirman of the Aaron Kirman Group at Compass, who represented Ms. Grande in the sale. The 28-year-old pop chanteuse hadn’t spent long in the abode. She bought the four-bedroom, six-bathroom residence in June 2020 for $13.7 million, according to listing records. The home was built in 2018 as a spec home and was tied to the Woodbridge Group, according to records with PropertyShark. Woodbridge was founded by Robert Shapiro, who is serving 25 years in prison after pleading guilty to defrauding investors of ​​$1.3 million, The Wall Street Journal reported in 2019. Features of the mansion include views of Los Angeles, the Pacific Ocean and beyond, retractable glass walls, a wet bar, a wine cellar with space for more than 300 bottles and a gourmet kitchen with a black silk granite island and brass-accented Italian cabinetry, according to the listing. The full-floor primary suite offers a sitting area, two vanities, a soaking tub and a walk-in closet fit for a pop star. There’s also a media lounge, a gym and sauna, as well as an infinity-edge pool surrounded by a deck. Matt and Josh Altman of Douglas Elliman represented the buyer, who remains a mystery, as public records are not yet available. The agents declined to comment. The Bird Streets, so known because of its avian-named streets, is a favorite among Hollywood elite. Residents include Leonardo DiCaprio, Tobey Maguire, Jodie Foster, Keanu Reeves and chef Bobby Flay. Ms. Grande, known for hits such as “7 Rings” and “Bang Bang” and for being a coach on The Voice, also bought a 300-year-old estate in Montecito, California, last year. The timber-frame home, purchased through a trust for $6.75 million, was sold by daytime talk show host Ellen DeGeneres and actress Portia de Rossi, Mansion Global reported. Mr. Kirman declined to comment for this article.

Historic Barrymore Estate in Los Angeles Sells for $14.7 Million After Six Years on the Market

The Los Angeles home of late actor John Barrymore sold Thursday for $14.7 million. The Barrymore Estate is tucked into the hills of Los Angeles’s Beverly Hills Post Office neighborhood and has views of downtown and beyond. Sitting on about an acre of land, the property offers a total of seven bedrooms and 11 bathrooms over several dwellings, according to the listing with Kirby Gillon, Bryce Lowe and Aaron Kirman of Aaron Kirman Group at Compass. “This home is steeped in history and you feel that when you’re on the grounds,” Ms. Gillon said in an email. “The different dwellings that make up the compound each have a story to tell.” The buyer was Joseph McGinty Nichol, otherwise known as McG, a 53-year-old director and producer, according to a statement from the agents. He was represented by Billy Rose at The Agency. “Energetically, I think we knew he was the buyer within seconds of him coming through the house,” Mr. Lowe explained, also in an email. “I think it was this connection that got us through the whole deal.” Also known as the Bella Vista, the Spanish Colonial home was built by notable architect John Byers in 1926 for Golden Age director King Vidor, whose films include “Northwest Passage” (1940) and “Duel in the Sun” (1946). Barrymore—a stage and film star with credits like “Grand Hotel” (1932) and “Midnight” (1939), as well as the grandfather of actor Drew Barrymore—purchased the home in the late 1920s and lived there until his death in 1942.

Home of the Week: Inside a $25 Million LA Mansion Designed by a Former Israeli Secret Service Agent

Viewed from the street, you might not give this somber, square-edged, 1950s-style two-story a second glance, thanks to its battleship-gray paint, black-framed windows and flat-topped roof littered with ugly A/C units. Even the driveway seems designed to avert attention, with its prison-like black metal security gates leading to a sea of concrete with not a flower bed in sight. As far as curb-appeal goes, the place is decidedly lacking. Yet if this modernist home in Los Angeles’ tony Hancock Park neighborhood sells for anywhere close to its $24.99 million asking, it would hit the record books as the area’s priciest pad. Why so expensive? Open that solid wood front door in the bunker-like entryway, step inside and your jaw will descend at the instant transformation from somber to stunning. “This is nothing less than a triumph of architecture and design. It really is unlike anything Hancock Park has ever seen before; the beauty and caliber of the work is second to none,” says listing agent Aaron Kirman, of the Aaron Kirman Group at Compass, who shares the listing with Compass colleague Verna Helbling and Adam Rosenfeld with The Agency. He’s not wrong. The first thing you see entering the foyer of this sprawling, 13,000-square-foot, seven-bedroom compound is a seemingly gravity-defying glass-and-white-marble floating staircase. Alongside it hangs a complex Italian Malerba pendant chandelier made up of a multitude of polished nickel tubes. On the floor, quirky, chevron-style marble inlays point your eye past the sexy, Miami South Beach-esque bar and the Italian kitchen with its acres of posh granite, all the way to the home’s backyard paradise. It’s all the work of Meir Siboni and Jonathan Menlo, of celebrity property developers Elite IMG. They bought the near-dilapidated 1950s-built home on Hancock Park’s South Hudson Avenue back in 2016 for $5.3 million. While strict Hancock Park preservation regulations prevented the home from being leveled, Siboni and Menlo kept the basic footprint along with the outer walls, then took the structure down to the studs and rebuilt everything. “It took two years to learn what we could and couldn’t do, then another two-and-a-half-years to re-imagine the home with a single-minded focus on quality and design,” Siboni tells Robb Report. At an early stage, he and Menlo brought in Irene Acosta-Hershman of LA-based IA-Design Studio, together with Michael Palumbo of Palumbo Design, to move walls, add spaces, pick finishes and create a new flow to the six-bedroom main house. And, in night-and-day contrast to the somber look of the front of the house, the rear is all inviting, soft-gray brick surfaces, with massive glass pocket doors that open the interior to the outside. It’s the same on the second floor, with a full-width terrace, huge windows and a glass balustrade. Exquisite interior features include the oversize kitchen made-up of super-high-quality Italian Scavolini cabinets, glossy lacquered-wood walls and twin islands. And for those times the catering staff are called in, there’s a full, professional-grade kitchen tucked away.

$65 Million Beverly Hills Spec House Features a 150-Year-Old Olive Tree in an Interior Courtyard

Location: Beverly Hills, California Price: $65 million This new build in the tony Trousdale Estates neighborhood of greater Los Angeles offers a boatload of high-end finishes and amenities, including a pool with a junior Olympic-sized lap lane, a home theater, a wellness center and a gym, and a Zen-like interior courtyard with a 20-foot cascading wall of water and a 150-year-old olive tree imported from Italy. “The house took six years to build,” said designer-developer and listing agent Michael Chen. “It’s incredibly private for Trousdale.” The property was developed by Luxford Investment Group, which is headed by Mr. Chen, in collaboration with SAOTA Architects. The design firm Vesta did the staging. The two-story home, which Mr. Chen has named “Elementi,” on Wallace Ridge is being sold furnished. “Eighty percent of the furniture is imported from Italy,” he said. All of the stone is also Italian. “I lived in Italy for two years and was very inspired by Italian design—their millwork and all of the design details,” Mr. Chen said. The front entrance features a floating marble bridge with decorative vertical louvers, and the formal dining room is suspended over the lower-level courtyard. The open-plan great room has marble details and motorized glass doors that pocket all of the way into the walls to reveal panoramic views from downtown Los Angeles to the Pacific Ocean. The main kitchen features Gaggenau appliances, Dada cabinetry and a 14-foot-long leathered marble island that looks like a floating piece of stone. The butler’s kitchen, which has its own entrance, also has Gaggenau appliances and Dada cabinets as well as back-to-back Viking stoves with 16 burners and two hoods. The collosal 3,000-square-foot primary bedroom suite has dual bathrooms and a 400-square-foot private terrace with a spa. The suite’s seating area could also work as an office, Mr. Chen said. A floating custom spiral staircase coated in Venetian plaster leads to the lower level. The centerpiece of this floor is a “large entertaining location,” Mr. Chen said. “It’s pretty much a bar downstairs, but it’s a very classy bar.”

A Redwood-Clad Mid-Century Gem in Los Angeles Comes Fully Restored

Location: Beverly Hills, California Price: $10 million The Rowan Residence is a Mid-Century Modern masterpiece by architect Robert Skinner, nestled within the enviable Beverly Hills gated enclave of Hidden Valley Estates. Built in 1961, the iconic home was photographed in 1964 by Julius Shulman and featured in Taschen’s tome “Modernism Rediscovered,” according to listing agent Tori Barnao. The seller is noted talent agent Greg Cavic, whose clients include actors like Will Ferrell and Chris Pratt, according to Mr. Barnao. He and his wife, Jessica Cavic, bought the home in 2012 from the architect Bruce Beckett—who had owned it since the late ’60s—and hired the well-regarded Los Angeles architect John Bertram to undertake a restoration, in collaboration with interior designer Sarah Shetter and Judy Kameon of Elysian Landscapes. “Bertram dove deep into the project, extensively researching the home’s original plans and referring to the Julius Shulman photographs in order to perform as authentic a restoration as possible,” Mr. Barnao said. “Any element of the restoration that doesn’t directly reflect the original plans at least maintains a ’60s vibe, honoring the time period.” The restoration incorporated redwood tongue-and-groove interior and exterior siding, Douglas fir furniture-grade custom cabinetry, terrazzo flooring and specialty lighting, while balancing personal spaces with a sprawling central open-plan warren of common spaces. Walls of glass throughout—combined with an impressive outdoor space complete with pool, lounge area and verdant gardens—facilitate an indoor-outdoor lifestyle.

An L.A. Real Estate First: Houses Accept Buyers’ Bitcoin and Display NFT Art

The soaring contemporary architecture and breathtaking views of the Palazzo di Vista in Bel Air may seem well worth the $87.77 million it’s listed for. But the lucky buyer will also acquire a $7 million art collection, including an NFT (non-fungible token) art gallery, curated by MDP Art Curators, with works by Ghost Girl and BigHead Music Producer. “The art world is changing so fast in this digital world, so we thought, ‘Why not incorporate it into the house world?’ ” says Compass’ Aaron Kirman. He holds the listing with The Agency’s Mauricio Umansky, who says, “It adds another level of fun where you just might attract the right buyer. And it’s a great marketing campaign.” One early booster of NFTs has been developer Phillip Braunstein, president of Colossal Properties, and it’s already changed the way he views his homes. “Where I would maybe in the past have looked for a really nice wall to put a piece of art, now I’m going to be focusing on how to integrate the digital art experience,” he says. As a collector of NFT art, Braunstein sees enormous benefits in integrating NFTs into real estate portfolios. Not only is their provenance authenticated on blockchain, they also cut out some of the hassle of maintaining traditional artworks.

Talent agent Greg Cavic floats a pristine Midcentury in the 90210

Talent agent Greg Cavic is used to inking deals for celebrity clients, but now he’s eyeing a contract for his Beverly Hills Post Office home. The Midcentury home he has owned for nine years is on the market for $9.35 million. Cavic — who left Creative Artists Agency for United Talent Agency in 2015 as part of a mass exodus that CAA called a “lawless, midnight raid” — shelled out $3.49 million for the property in 2012, records show. Over the last few years, he oversaw a major restoration that brought the Midcentury gem back to its former glory. Perched in the gated enclave of Hidden Valley Estates, the handsome home was built in 1961 by Robert Skinner and later starred in Julius Schulman’s book “Modernism Rediscovered.” Architect John Bertram worked with designer Sarah Shetter on the renovation, bringing in Douglas fir furniture, terrazzo floors, new fixtures and vibrant redwood accents both inside and out.

A Beverly Hills Estate Is Asking $65 Million, or The Bitcoin Equivalent, To Take It Off The Market

Multimillion-dollar homes in Beverly Hills aren’t rare, but this $65 million Beverly Hills estate at 1108 Wallace Ridge (called Elementi) in the exclusive Trousdale Estates neighborhood, is officially accepting the Bitcoin equivalent to take it off the market. “Crypto is something the sellers are very interested in, and it’s a growing movement that I believe will be incorporated into the residential sphere,” says listing agent Aaron Kirman of Aaron Kirman Group at Compass, who is co-listing the property with developer Michael Chen and Adam Rosenfeld at Compass. Purchasing real estate with cryptocurrency is on the rise, and America’s largest-known cryptocurrency deal happened in Miami in June with the sale of the city’s most expensive penthouse, valued at $22.5 million. While purchasing real estate with cryptocurrency dates as far back as 2014, it hasn’t quite infiltrated the mainstream. “We are seeing a trend, certainly with sellers, that are now much more open to taking cryptocurrency and open to that type of transaction, which we have not seen at any level before,” Kirman says. While Kirman reiterates they are not here to change the system, he does find it interesting that more and more sellers are willing to take alternate forms of currency. “I believe that escrow should not take six months, escrow should take three days,” says Chen, the home’s developer and a cryptocurrency investor himself. “Historically, it’s still on such an old system. Now, you can transfer $10 million in two seconds versus going through a central bank.” The home was built by Chen, founder of Luxford Development Group, in the exclusive Trousdale Estates neighborhood, a private gated enclave home to celebrities like Jennifer Aniston, Elvis Presley, Ellen DeGeneres and Jane Fonda, as well as tech founders and executives. Chen, who has designed sets for Warner Brothers, as well as furniture in Milan and other luxury developments in Southern California, started building the home six years ago.

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