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10 most lucrative places where older Americans can sell their homes, maximize profit and retire elsewhere

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In Los Angeles, a European-Inspired Estate With Two Houses Asks $42 Million

Handbag designer Tyler Ellis is listing a newly renovated Los Angeles estate with two houses for $42 million. Ms. Ellis purchased the roughly 0.6-acre Brentwood Park property through a trust for $12.375 million in 2016, property records show. The designer and her husband, investor Benjamin Shriner, tapped the home’s original architect, William Hefner, and design firm the Archers to reimagine and renovate an existing house built around 2005 and add a second structure, according to marketing materials. The roughly 6,000-square-foot main residence and the newly built entertainment house overlook a garden, pool and bocce court, according to listing agents Aaron Kirman and Morgan Trent of AKG | Christie’s International Real Estate. Ms. Ellis said in an email that after purchasing the home, she and her husband saw “incredible potential” to enhance it further. The couple added about 1,000 square feet to the main house, which has four bedrooms. In the primary suite, they created his-and-hers closets and baths and a “cozy” den, she said. There is also a chef’s kitchen with a La Cornue range and an office with floor-to-ceiling glass French doors. Ms. Ellis said the couple built the home for their family, including their young son and dogs, and intentionally separated the main house to keep it a “discrete family sanctuary” while using the other house for entertaining. The entertainment house is about 5,000 square feet with two bedrooms and a covered terrace, Ms. Ellis said. A hidden button opens a door to a marble staircase that leads to a lower level speakeasy, home theater and a roughly 6,500-bottle limestone wine cellar, according to the listing agents. “As a designer, it’s all about the details,” Ms. Ellis said. More: An Oceanfront Estate in San Diego to Hit the Market for $38 Million She said she and Mr. Shriner are selling because they are “actively looking for our next project to develop.” Ms. Ellis is a handbag designer who founded an eponymous line in 2011. She is the daughter of the late fashion designer Perry Ellis and TV writer and executive Barbara Gallagher. Mr. Kirman said luxury homes are trading in Brentwood Park, though there is very limited inventory because sellers are holding on to properties. “When we see a trophy house like this, we know there’s innate value because inventory is so few and far between,” he said. https://www.mansionglobal.com/articles/in-los-angeles-a-european-inspired-estate-with-two-houses-asks-42-million-dac761fe

Perry Ellis’s Daughter Seeks $42 Million for Chic Brentwood Park Chateau

Around six years ago, Tyler Ellis doled out $12.3 million for a fairly plain French-inspired residence in the western reaches of Los Angeles. Now the luxury handbag designer — the only offspring of legendary fashion designer Perry Ellis and screenwriter Barbara Gallagher — has flipped the stylishly redone chateau-style estate in a prime pocket of Brentwood back up for sale, asking nearly $30 million over what she paid for the place back in late 2016. Originally built in 2005, Ellis and her investor husband Benjamin Shriner implemented a full-scale customization of the premises during their tenure, working in collaboration with original architect William Hefner and longtime favored interior designers The Archers. Today, the property features an expanded main house and a tacked-on “entertainment” house — for a total of six bedrooms and 10 baths in 11,800 square feet of stylishly eclectic living space. “This is a rare and exquisite estate that perfectly blends classical and contemporary styles,” says Aaron Kirman, who is co-listing the property with Morgan Trent, both of AKG | Christie’s International Real Estate. “From the moment you step into Bristol Château, you are transported to a tranquil and lush European oasis in the heart of Brentwood Park. The details and design put in by William Hefner and The Archers make for a one-of-a-kind residence that embodies timeless elegance and sophistication.” Nestled behind walls and gates, on over a half-acre parcel laced with towering cypress trees, the two-story main house is accessible via reeded-glass entry doors that open into a grand foyer displaying a feathered pink bear crafted by Italian artist Paola Pivi. Other highlights include a formal dining room topped by a custom-built Studio Molen chandelier, library sporting blue lacquered walls, and black-hued gourmet kitchen spotlighted by new subway tile and bronze hardware, plus a pricey La Cornue range. There’s also a sumptuous upstairs master retreat outfitted with a separate den, as well as dual walk-in closets and baths. As for the other house, that three-level space spans around 5,000 square feet and comes complete with an office, along with glitzy amenities like a speakeasy, movie theater and 6,500-bottle limestone wine cellar. A covered terrace blends seamlessly with the grassy backyard, which hosts a pool and spa, garden, bocce court, and additional spots for al fresco lounging and entertaining. According to The Wall Street Journal, which first reported the listing, Ellis and Shriner are selling because they’re actively looking for their next project to develop. https://www.dirt.com/gallery/moguls/fashion/tyler-ellis-house-brentwood-park-1203622540/tylerellishouse_bp21/

Dodgers Star Mookie Betts Lists Encino Home For Nearly $10 Million

L.A. Dodgers star Mookie Betts is trying to score a homerun of a sale before the new MLB season starts up with the listing of his Encino home. Asking $9.995 million, the right fielder paid $7 million even for the property in 2018. The new-ish estate boasts nine bedrooms and 10 bathrooms across 9,415 square feet of living space. Located just south of the boulevard, the multi-structure property features the main house, a two-story guest house—with two bedrooms upstairs and a full kitchen/living room downstairs—and a recently completed gym/basketball court complete with bathroom and roll up doors. Back inside the main residence, the chef’s kitchen is sure to impress with its top-of-the-line appliances and ample counter space, along with a huge walk-in pantry. The primary suite is located upstairs and features dual walk-in closets and two separate bathrooms and a nook off the primary that could be used as an office or nursery. The four additional bedrooms upstairs offer plenty of space for family and guests, while the two bedrooms downstairs are perfect for live-in staff. Conveniently, there are both upstairs and downstairs laundry rooms. The home also features a home theater, while the outdoor living space boasts a zero edge pool/spa with sunken fire pit, putting green, cabana, outdoor kitchen and firepit. https://californialistings.com/2023/02/24/dodgers-star-mookie-betts-lists-encino-home-for-nearly-10-million/?fbclid=IwAR1amObZZf9xj-DqkUFVLDIiVo9rV2oFoX2VpQCEQUR2PIOESIpmTjrlf28

Luxury Agent Morgan Trent leaves Compass for AKG | Christie’s International Real Estate

Trent, one of Aaron Kirman's Top Performers for Past Four Years, Makes the Switch to the New Luxury Brokerage LOS ANGELES, Jan. 24, 2023 /PRNewswire/ -- Morgan Trent, former NFL cornerback turned luxury residential real estate agent, announced that he is making the switch to AKG | Christie's International Real Estate, continuing his role with one of the nation's top-producing residential sales teams. This move follows last year's news that real estate powerhouse, Aaron Kirman left his top position at Compass and started his own luxury brokerage in a new partnership with Christie's International Real Estate. As President of Trent Luxury, Trent plans to continue fostering a team-oriented approach and maintaining a dominant position in the market, as he has done for years alongside Kirman. "Morgan is one of the real estate agents in the country who has a database of the who's who. Representing athletes, celebrities, and CEOs alike, his database is second to none and we are thrilled to have him as one of our partners here at AKG," said Aaron Kirman, CEO of AKG | Christie's International Real Estate. Trent joins Christie's International following his departure from COMPASS, where he was responsible for the sale of noteworthy properties such as 5 Avalon Vista, which sold for $21 million, 627 Moreno, which sold for $19.5 million and the highly impressive sale of a $36.5 million property in Brentwood - the most expensive home transaction of the year in the prestigious Westside neighborhood. "AKG|Christie's International Real Estate is the perfect partner for Trent Luxury with such a proven track record and presence in the luxury space," said Trent Morgan, President of Trent Luxury. "The Christie's International Real Estate brand alone gives us the look and feel that we weren't able to attain at other brokerages and is much more aligned with where we see Trent Luxury going over the next several years." Born and raised in sunny Southern California, Trent's journey has been anything but ordinary. After graduating from the University of Michigan on a football scholarship, he was drafted by the Cincinnati Bengals in 2009 and spent several seasons living out his dream in the NFL. In his off-seasons, Trent pursued his passion for real estate, obtaining his license and now serves a diverse range of clients including executives, professional athletes, and entertainers. Trent's diligent work ethic and dedication to his clients are reminiscent of the same qualities that have allowed him to achieve success in the past. Founded by Aaron Kirman and headquartered in Beverly Hills, CA, AKG | Christie's International Real Estate is one of the nation's top-producing residential sales teams with a total of over $14 billion in luxury real estate sales and over $1.6 billion sold in 2022. Dedicated to infusing innovation and disrupting the traditional real estate sector, AKG | Christie's International Real Estate is consistently ranked among the top 10 producing teams by Wall Street Journal and Real Trends, setting price-per-square-foot records throughout Southern California. To learn more about Aaron Kirman and AKG | Christie's International Real Estate, please visit www.akgre.com. To learn more about Morgan, please www.trentluxury.com and follow him on Instagram at @TrentLuxury. https://www.prnewswire.com/news-releases/luxury-agent-morgan-trent-leaves-compass-for-akg--christies-international-real-estate-301729432.html

The turf wars of Newport Beach

Newport Beach real estate pros may have scoffed when Beverly Hills agents, with their high-flying, reality-TV lifestyles, planted flags on the Orange County coast. But the outsiders are here, and they’ve made clear they plan to stay. They cite their TV-enabled reach and their connections to the global elite, who’ve taken a shine to the stretch of coast running from Newport Beach through Laguna Beach to Dana Point. The reward for these agents is clear: fat commissions if the area transforms from an upscale but provincial market into one that could someday match prices in Malibu and Beverly Hills. Veteran local agents often work and rub elbows with the newcomers, but they’re not so sure if this outsider interest in their turf will transform their market. There were 442 sales of single-family homes in Newport Beach from Jan. 1 to Nov. 27, MLS data show, with the median sale at $3.5 million, and just 18 sales over $10 million. Tim Smith of Coldwell Banker has sold trophy homes in the Newport Beach area for 20 years. He also played down the notion that a turf war is taking place. From 2012 to 2020, he estimated that 14 percent of his prospective clients hailed from outside the area. Since the pandemic, he estimated that the number has ballooned to 50 percent. However, there’s no changing the basic nature of real estate, he said. It’s a local game.

Los Angeles Laker Russell Westbrook Snaps up $37 Million L.A. Mansion Opposite LeBron James

Formula 1 heiress Petra Ecclestone was selling the eight-bedroom home in the city’s tony Brentwood neighborhood. Russell Westbrook, point guard for the Los Angeles Lakers, has just dropped $37 million on a lavish new home in the city’s Brentwood neighborhood, directly across the street from his teammate LeBron James, Mansion Global has learned. Mr. Westbrook, 33, quietly bought the property in an off-market deal from Formula 1 racing heiress Petra Ecclestone. Given the off-market nature of the sale, details on the property are scarce. When Ms. Ecclestone bought the home in 2019 for $22.7 million, Mansion Global wrote that the eight-bedroom, 11-bathroom pad sits on a half-acre lot with canyon views and has a home theater, a wine cellar and a spa. Outside there is a four-car garage and a private pool. Sam Palmer, David Kramer and Barry Watts with Hilton & Hyland represented Ms. Ecclestone and Morgan Trent of Compass represented Mr. Westbrook in the sale. Mr. Westbrook, who couldn’t be reached for comment, has played for the Lakers since last year. He’s a nine-time NBA All-Star and earned the NBA Most Valuable Player Award for the 2016–17 season, when he played for the Oklahoma City Thunder. His teammate—and new neighbor—Mr. James, who has played for the Lakers since 2018, bought his Brentwood pad in 2017 for $23 million. https://www.mansionglobal.com/articles/los-angeles-laker-russell-westbrook-snaps-37-million-los-angeles-mansion-opposite-lebron-james-01666900100

This house that belonged to Sylvester Stallone is for sale for 35 million dollars

A Los Angeles abode that housed not one, but two Hollywood heavyweights could now be yours for $35 million. Located in the Tony Pacific Palisades neighborhood, the property of capri drive once belonged to the late television writer and producer Steven Bochkowho created classics like Hill Street Blues, LA Law Y NYPD Blue. KURT COBAIN’S WIDOW’S HOUSE, COURTNEY LOVE, GOES FOR SALE FOR $23M The elegant residence designed by Paul Williams also housed the legendary actor Sylvester Stallonebetter known to many as Rocky Balboa. Sylvester Stallone’s mansion Located on a double lot spanning nearly 1.4 acres, the complex consists of a main house and a guest house.Together, the homes offer just under 11,000 square feet of living space, with seven bedrooms, seven bathrooms and two half bathrooms. The property was originally built in 1937 but was recently renovated to make it more suitable for entertaining. The expansive main house includes a chef’s kitchen, a library with built-in bookshelves, a formal living room, a family room with a projection screen, a spacious wine room, and a private guest wing. The master bedroom has beautiful vaulted ceilings, double baths and walk-in closets. Hardwood floors and antique fireplaces add character to the home and make large rooms with high ceilings feel more intimate. Each room also features large windows and tall doors that ensure plenty of natural light. Outside, meanwhile, is a pool, spa, cabana, guest house, and tennis court. For added privacy, the property is gated and surrounded by majestic stonework. When you’re ready to venture off the grounds, you can hike the trails at nearby Temescal Gate Park, swim at Will Rogers State Beach, or tour the iconic Eames House that iconic design duo Charles and Ray Eames built in 1949. Ready to jump on Rocky’s platform? Aaron Kirman, Morgan Trent and Dalton Gomez of Aaron Kirman Group in Compass have the property ready for its new owner. Note previously published by Demetrius Simms in Robb Report US https://codelist.biz/2022/08/27/this-house-that-belonged-to-sylvester-stallone-is-for-sale-for-35-million-dollars/

Late Producer Steven Bochco’s Longtime Palisades Home Asks $35 Million

Four years after he died of leukemia at age 74, the Los Angeles estate of Emmy-winning TV writer/producer Steven Bochco has popped up for sale, asking $35 million. Built in 1937 and designed by noted architect Paul Williams — and also reportedly lived in by actor Sylvester Stallone during the ’70s — the recently remodeled residence sits in the exclusive Pacific Palisades Riviera neighborhood. A New York City native who started his career at Universal Studios in the mid-’60s, Bochco went on to create some of the small screen’s most beloved shows of all time, including “L.A. Law,” “Doogie Howser, M.D,” “NYPD Blue,” “Murder One” and “Hill Street Blues,” the latter of which garnered an impressive 98 Emmy nods during its 146-episode run. Fully walled and gated, and fronted by a manicured lawn, the estate includes a seven-bedroom, nine-bath home spread across a double lot spanning over an acre. A striking red front door leads into the Tudor-style structure, which features nearly 11,000 square feet of two-level living space. Numerous French doors also allow for seamless indoor-outdoor spaces. Among the highlights: an entry foyer sporting a curving staircase topped by a decorative wood-beam ceiling. From there, a formal living room is warmed by a fireplace, and the gourmet kitchen is outfitted with an eat-in island, wood-burning pizza oven, high-end stainless appliances and a windowed breakfast nook. There’s also a formal dining room, fireside library lined with built-in bookshelves and family room equipped with a projector screen, plus a private guest apartment wing and wine cellar. A luxe upstairs master retreat lies beneath a vaulted ceiling, and comes complete with a fireplace, sitting area and balcony with treetop views, along with dual walk-in-closets and baths; and outdoors, the park-like grounds are showcased by a large pool and spa flanked by an open-air cabana, as well as several spots ideal for al fresco dining and entertaining. Topping it all off: a tennis court, and one-bedroom guesthouse boasting a kitchen and gym. The listing is held by Aaron Kirman, Morgan Trent and Dalton Gomez of Aaron Kirman Group at Compass. https://www.dirt.com/gallery/showbiz/producers/steven-bocho-house-pacific-palisades-1203577409/stevenbochcohouse_pp11/

Steven Bochco’s LA on sale for $35m four years after his leukaemia death

Steven Bochco’s Los Angeles estate is on sale for $35 million. The sale comes four years after the Emmy-winning TV writer and producer died of leukaemia at age 74. Built in 1937, the mansion was designed by famed architect Paul Williams and reportedly lived in by actor Sylvester Stallone during the 1970s. Sitting in the exclusive Pacific Palisades Riviera neighbourhood, the gated home is fronted by a manicured lawn. It includes a seven-bedroom, nine-bath home spread across a double lot spanning over an acre. A striking red front door leads into the Tudor-style home, which features nearly 11,000 square feet of two-level living space, with banks of French doors creating indoor-outdoor spaces. Highlights include an entry foyer sporting a curving staircase topped by a decorative wood-beam ceiling. The formal living room is warmed by a fireplace, and the restaurant-level kitchen is fitted with an island, wood-burning pizza oven, high-end stainless appliances and a windowed breakfast nook. There’s also a formal dining room, fireside library lined with built-in bookshelves and a family room equipped with a projector screen, plus a private guest apartment wing and wine cellar. An upstairs master bedroom sits lies beneath a vaulted ceiling, and comes with a fireplace, sitting area and balcony with treetop views, along with dual walk-in-closets and baths. Outdoors, the park-like grounds are showcased by a large pool and spa flanked by an open-air cabana, as well as several spots ideal for al fresco dining and entertaining. Topping it off is a tennis court and one-bed guesthouse boasting a kitchen and gym. The listing is held by Aaron Kirman, Morgan Trent and Dalton Gomez of Aaron Kirman Group at Compass. Bochco created some of the small screen’s most beloved shows of all time including ‘L.A. Law’, ‘Doogie Howser, M.D’, ‘NYPD Blue’, ‘Murder One’ and ‘Hill Street Blues’, He died in April 2018 after being diagnosed with leukaemia in 2014. He won 10 Emmys since 1991, with six of the awards for ‘Hill Street Blues’. https://www.femalefirst.co.uk/celebrity/steven-bochcos-sale-35m-four-years-after-leukaemia-death-1363946.html

Late Producer Steven Bochco’s Longtime Palisades Home Asks $35 Million

The residence, built in 1937 by architect Paul Williams, was also once home to Sylvester Stallone. The home of late producer Steven Bocho, listed with Aaron Kirman Group at Compass. Four years after he died of leukemia at age 74, the Los Angeles estate of Emmy-winning TV writer/producer Steven Bochco has popped up for sale, asking $35 million. Built in 1937 and designed by noted architect Paul Williams — and also reportedly lived in by actor Sylvester Stallone during the ’70s — the recently remodeled residence sits in the exclusive Pacific Palisades Riviera neighborhood. A New York City native who started his career at Universal Studios in the mid-’60s, Bochco went on to create some of the small screen’s most beloved shows of all time, including L.A. Law, Doogie Howser, M.D, NYPD Blue, Murder One and Hill Street Blues, the latter of which garnered an impressive 98 Emmy nods during its 146-episode run. Fully walled and gated, and fronted by a manicured lawn, the estate includes a seven-bedroom, nine-bath home spread across a double lot spanning over an acre. A striking red front door leads into the Tudor-style structure, which features nearly 11,000 square feet of two-level living space. Numerous French doors also allow for seamless indoor-outdoor spaces. Among the highlights: an entry foyer sporting a curving staircase topped by a decorative wood-beam ceiling. From there, a formal living room is warmed by a fireplace, and the gourmet kitchen is outfitted with an eat-in island, wood-burning pizza oven, high-end stainless appliances and a windowed breakfast nook. There’s also a formal dining room, fireside library lined with built-in bookshelves and family room equipped with a projector screen, plus a private guest apartment wing and wine cellar.A luxe upstairs master retreat lies beneath a vaulted ceiling, and comes complete with a fireplace, sitting area and balcony with treetop views, along with dual walk-in-closets and baths; and outdoors, the park-like grounds are showcased by a large pool and spa flanked by an open-air cabana, as well as several spots ideal for al fresco dining and entertaining. Topping it all off: a tennis court, and one-bedroom guesthouse boasting a kitchen and gym. The listing is held by Aaron Kirman, Morgan Trent and Dalton Gomez of Aaron Kirman Group at Compass. https://www.hollywoodreporter.com/lifestyle/real-estate/steven-bochco-pacific-palisades-house-listed-35-million-1235203692/

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