An ocean-view estate in Newport Coast’s Crystal Cove neighborhood is on the market for $62 million. Completed in 2020, this 14,500-square-foot home with six bedrooms, 10 bathrooms and an open floor plan has surfaced as the second-most expansive listing in Orange County—right behind a $69.8 million Palladian-style creation in the same neighborhood. It could nab the spot as the county’s top seller this year if it goes for even half the asking price. A $29.888 million Laguna Beach home with a gym that sits below a glass terrace and “peers into the transparent underwater wall of the infinity-edge pool” holds that title so far. Like that 8,140-square-foot contemporary-style home on a quarter-acre-plus lot in upscale Montage Ocean Estates, this gargantuan comes with all the bells and whistles you’d expect from a luxury home. Disappearing glass walls open onto a 78-foot triangular infinity pool with a custom glass wall. A barbecue kitchen and bar, fireside family room and lush tropical foliage add to the resort-style backyard on this nearly half-acre lot.
46 Deep Sea is a contender for OC’s priciest home this year A $62 million listing is a contender to rank among Orange County’s priciest homes. The mansion, located at 46 Deep Sea in the Newport Coast section of Newport Beach, spans 14,500 square feet. The asking price figures to $4,276 per square foot. The seller is a trust linked to Orange County doctors Atef Rafla and Amany Farid. The listing is held by Aaron Kirman and Weston Littlefield, both affiliated with Compass. If the six-bedroom, 10-bathroom house sells for full price, it might take the record for most expensive home in Orange County this year from 309 Via Lido Soud, which is located 10 miles away in Newport Beach’s Lido Isle enclave. The Via Lido Soud mansion, which spans for around 10,000-square feet, sold for $47.5 million, or $5,356 per square foot, in May. A deal for 46 Deep Sea would not take first place for Orange County’s priciest deal ever. Last year, there was an off-market sale of a $70 million mansion in Laguna Beach’s Irvine Cove neighborhood. The median list price for a Newport Coast home is $4.9 million, making 46 Deep Sea an outlier but not alone. A nearby mansion, 6 Midsummer, was listed for $69.8 million in June 2021 and is still on the market. Also currently listed is a Newport Coast property at 31 High Water. It’s a 15,000-square-foot house, which was put on the market in July 2021 for $59.8 million, or $3,987 per square foot. In 2020, there was a $61 million deal for a mansion at 15 Del Mar, which is a neighbor of the mansion at 46 Deep Sea. Construction on 46 Deep Sea finished in 2021. Despite the street name, the house is located about half a mile from the shoreline. It has unobstructed views of the Pacific Ocean, said Littlefield, the listing agent. Other amenities include an infinity pool and a 3,500-square-foot garage with four charging stations for electric vehicles. https://therealdeal.com/la/2022/07/27/newport-coast-mansion-put-on-market-for-62m/
Estate gets $24M in off-market deal offered as opportunity to renovate house or tear it down That’s some restoration project. Gary Friedman, chairman and chief executive officer of RH, formerly Restoration Hardware, is taking his toolbox elsewhere after selling a Beverly Hills estate as a potential teardown. Friedman recently sold 1360 Summitridge Pl. for $24 million, or $2,087 per square foot, according to Zillow and Weston Littlefield, who represented the buyer and the seller. Friedman bought the 2.8 acre estate for $15 million in 2019. The real estate site classifies the property as vacant land. A description of the site said it offers an opportunity to renovate a structure currently on the property, or tear it down and build something new on the site with a promontory with commanding views of Los Angeles. An LLC called Summitridge Place was listed as the buyer. Littlefield and Alex Howe of Aaron Kirman Group at Compass represented the seller in what they described as an off-market deal. Littlefield and Howe declined to comment for this story. A structure on the site was designed in 2013 by prominent architecture firm Marmol Radziner, based in the Sawtelle district on L.A.’s Westside. The structure has four bedrooms, six bathrooms, a library, media room and guest quarters with a separate entrance, according to an undated description. The structure also offered a rooftop garden and saltwater infinity pool. Located at the end of a cul-de-sac on Summitridge Place, the property is a street away from a house formerly owned by movie star Lana Turner that is listed with a sale pending. The last asking price for this house was $46.5 million, according to Zillow. Friedman has made headlines for purchasing other multimillion dollar properties in Beverly Hills. In January 2020, he bought a $37 million estate in an area of the city known as Beverly Hills Post Office. The 11,000-square-foot estate includes 5 beds and 9 baths, according to media reports. Friedman bought the property from former Northrop Grumman CEO Kent Kresa. The aerospace chief built the house on spec. With its beginnings as a retailer of high-end hardware and fixtures, RH has been a purveyor of high-end and luxe furniture, lighting and textiles for more than a decade. https://therealdeal.com/la/2022/05/03/rh-chief-gary-friedman-sells-24m-beverly-hills-estate/
Gary Friedman, chief executive of the high-end furniture retailer RH, just quietly sold his half-built home in Beverly Hills for $24 million. The off-market deal highlights the skyrocketing value of land in affluent pockets of L.A. since the pandemic. Records show Friedman bought the property in its half-finished state for $15 million in 2019, so the sale brings a profit of $9 million. Even in its unlivable state, it’s no surprise the property fetched such a fortune. It sits at the end of a cul-de-sac and spans 2.8 acres — a rare amount of land for the neighborhood. The house was originally built in 2013 by Marmol Radziner, an L.A.-based architecture firm known for its contemporary designs and restoration work, including the 2007 restoration of Richard Neutra’s Kaufmann Desert House in Palm Springs.
These days, a “for sale” sign on any oceanfront compound overlooking the crashing Pacific in the celeb-rich enclave of Santa Barbara, Calif. will likely have buyers standing in line. But one designed by the legendary architect Wallace Neff, inventor of the so-called “California style,” is only going to have heightened appeal. To add to the attraction, the iconic Straus House, designed in 1970 by Neff as a weekend retreat for Macy’s department store heir Robert K. Straus, is part of the tony Hope Ranch community just north of the city. Which all adds-up to the likelihood of one stratospheric asking price. As to exactly what that is, the owners—believed to be high-profile LA real estate investor A. Stuart Rubin and wife Annette—are, for now, keeping it out of the public domain. It makes sense. Back in 2017, they tested the market for the 1.53-acre property with an ambitious $32.7 million asking. Six months later with no takers, the price came down to $24.9 million. In October 2018, it was re-listed at $21.5 million only to be taken off the market in April 2019. But with the pandemic seeing demand for high-dollar Santa Barbara homes soaring and supply essentially drying up, the owners are trying their luck once again. Listing agents Weston Littlefield and Dalton Gomez of Aaron Kirman Group at Compass say the new price is “available upon request” to qualified buyers. The home itself is a classic Neff hacienda design that makes the most of the jaw-dropping location high on a bluff overlooking the Pacific, with distant, hazy views of the Channel Islands. In 1970 the architect was at the height of his career, having already designed homes for Hollywood A-listers like Charlie Chaplin, Groucho and Harpo Marx, Daryl Zanuck and Louis B. Mayer. He’d also masterminded the high-profile redesign of Pickfair, a vast Tudor-style mansion, for screen stars Mary Pickford and Douglas Fairbanks.
The house, which epitomizes the architect's California Style, was once listed for north of $32 million The owners of a Santa Barbara mansion by Wallace Neff, the architect who perfected the so-called California-style home, are quietly looking for a buyer amid a surge in demand for houses in the affluent coastal area. The sprawling, single-story mansion known as the Straus House, with its white-washed brick facade, clay-tile roof and exposed beams, epitomize the kind of rich Spanish Colonial-inspired homes that made Neff popular among a raft of celebrity clientele during the mid-20th century. The home has undergone a more recent expansion that included carving out amenity-packed basement levels and opening up some of its internal floor plan, according to a website promoting the house. “We’ve noticed that a lot of the big sales in Montecito have sold off market, and this house is just one of those pieces,” said agent Weston Littlefield, who’s working with the sellers alongside Dalton Gomez, both of the Aaron Kirman Group at Compass. “They’re like art pieces.” The 1.53-acre property sits on a bluff overlooking the Pacific Ocean from Hope Ranch, a tiny, affluent suburb north of Santa Barbara. The owners, a local developer and his wife, who once listed the home for north of $32 million in 2017, and their agents are not publicizing the asking price this time around. It was last taken off the market in 2018 with a $21.5 million price tag. At the moment, the only home publicly listed for sale along this stretch of coastline in Hope Ranch is a new build on four acres asking $39 million. Straus House is so named for its original owner, Robert K. Straus, a native New Yorker and an heir to the Macy’s fortune, who served in President Franklin D. Roosevelt’s administration and later moved to Southern California, where he founded a printing company. Straus and his wife were fans of Neff’s designs, having owned one in the Bel Air neighborhood of Los Angeles for many years before commissioning the architect to construct the Hope Ranch estate in 1970, according to a 1971 profile of the property in Architectural Digest.
Aspectacular oceanfront home in Santa Barbara, CA is now available—even though buyers won’t find it on realtor.com®. Apparently inspired by recent big-ticket sales along the Central Coast, the owner has chosen to go the off-market route, according to Mansion Global. No price on the place has been made public, but it would be divulged to a qualified buyer. To get a ballpark estimate, the coastal estate was listed in 2017 for $32.75 million, and then relisted in 2018 for $21.5 million. The estate, designed by Wallace Neff and known as the Straus House, had originally been commissioned by Robert K. Straus, heir to the Macy’s fortune, who purchased land in what’s known as the Hope Ranch enclave of Santa Barbara. Straus and his wife lived in a Bel-Air home designed by the Southern California architect, and tapped him to design their coastal retreat. For the interiors, the designer John Hall, who had completed several projects for their Bel-Air residence, was brought in. Neff collaborated with the celebrated landscape architect Thomas Church to design the grounds. Finished in 1970, the coastal abode made a splash when it was first unveiled 50 years ago. Featured in Architectural Digest, the eye-popping estate has since changed hands and undergone a massive renovation. The property is described as “painstakingly restored, expanded, and modernized over a 10-year period,” according to the website promoting the property.