Logo

FEATURED ARTICLE

‘Will your wins’: Luxury agents share tips for breaking into the high-end market

Continue reading

Rodney Dangerfield’s widow slashes luxe LA mansion’s price

Even comedian Rodney Dangerfield’s home gets no respect. The late comedian’s wife is having a hard time finding an audience to buy this snazzy estate. Joan Dangerfield, 70 — who was married to the popular comic until his death at age 82 on Oct. 5, 2004 — initially listed her luxe Los Angeles compound for $17.8 million last February but, unable to find a compatible buyer, has cut its price down $16.995 million. “I figured it would sell in a week, but didn’t quite work out that way,” she recently told the Wall Street Journal of the mansion, which she purchased for $6.25 million in the early 2000s, adding that its failure to sell has been quite a surprise. “It was a shock for me to just watch it sit there on the market.” The listing is held by Aaron Kirman of AKG | Christie’s International Real Estate, who told The Post that it’s “an honor to represent Mrs. Dangerfield on this one-of-a-kind, trophy, legacy estate. The combination of privacy, architectural integrity and incredible view is a one-in-a-lifetime opportunity in the prized Bird Streets of Los Angeles.” The home, which is set on “a hill of solid rock” that offers a panoramic view of the city, has four bedrooms and six bathrooms and measures 16,673 square feet spread across two stories. It was built in 2004 by John Andrews Group Architects, according to the Robb Report, and features a sunken living room surrounded by floor-to-ceiling windows, Art Deco accents and an infinity-edge pool-equipped backyard. Other outdoor amenities include an outdoor shower, a terrazzo patio and a bust of Rodney by the jacuzzi. here’s a chandelier hanging from one of the skylights, the kitchen has a circular breakfast nook, and the primary suite boasts its own fireplace, a mother-of-pearl tile-accented wall, direct access to the outdoors, an en suite bathroom with a double sink vanity and a changing room. Elsewhere on the property, there’s a home theater, formal dining room and two-car garage. https://nypost.com/2023/11/17/real-estate/rodney-dangerfields-widow-slashes-luxe-la-mansions-price/

Rodney Dangerfield’s Widow Relists Snazzy Art Deco Home in L.A. at New Lower Price

This property surely deserves more respect! Almost nine months after it first hit the market with a nearly $18 million price tag, Joan Dangerfield’s contemporary art deco residence in the Hollywood Hills neighborhood of Los Angeles has lingered on the market with no takers. But now it’s popped up for sale again, this time with freshly staged interiors, updated listing photos, a new agent and substantially reduced $17 million ask. The widow of legendary comedian Rodney Dangerfield, who passed away in 2004 due to heart surgery complications, plucked up the premises some 18 years ago for $6.25 million. She recently told The Wall Street Journal, “I stepped 3 feet into the house and I knew it was the place for me…It swept me away.” So why hasn’t the estate sold? Though it’s comparably priced with other homes in the area, perhaps one reason is because the full-price offers she has received to date have included complicated contingencies, per WSJ, such as requiring her to provide seller financing. “I figured it would sell in a week, but didn’t quite work out that way,” she has said, adding that it’s been a shock “to just watch it sit there on the market.” Built in 2004, and designed by John Andrews Group Architects, the two-story white structure features four bedrooms and six baths in around 5,400 square feet of living space boasting floor-to-ceiling walls of glass providing jetliner views stretching from Downtown L.A. to the ocean and Catalina Island. Tucked securely away behind lush greenery, on a corner parcel spanning over a quarter-acre of land on the coveted front row of the Bird Streets enclave of L.A., the dwelling is accessed via a gated driveway that empties out at a spacious motorcourt flanked by a two-car garage. A striking art deco-inspired entryway then opens via a glassy front door into a double-height foyer, which displays a circular skylight sporting a dangling chandelier and curving wrought-iron staircase heading up to the primary living area. From there, a fireside living room is lined with retractable glass doors opening seamlessly to a backyard decked out with an infinity-edge pool and spa nestled alongside a fire-pit and bust of Dangerfield himself, plus a terrazzo-clad patio ideal for al fresco lounging and entertaining; and other highlights include a formal dining room, as well as a sleekly designed gourmet kitchen outfitted with top-tier stainless appliances, a center island and breakfast nook bathed in natural sunlight. Sequestered off by itself is a massive primary bedroom suite, which comes complete with a fireplace, “boutique-worthy” closet, and luxe bath equipped with dual vanities, a soaking tub and an oversized shower. Rounding it all out down below: a plush movie theater and direct access to the attached garage. The listing is held by Aaron Kirman of AKG | Christie’s International Real Estate. https://robbreport.com/shelter/celebrity-homes/joan-dangerfield-house-los-angeles-1235415903/

‘Zen’ Is at the Center of This $45 Million Los Angeles Spec Home

A Los Angeles spec house with a live olive tree at its center is listing for $45 million. The tree is surrounded by three glass walls and sits in a water feature on the home’s basement level, according to developer Shawn Kohen of Kohen Development Group. He bought the roughly ¾-acre lot in Holmby Hills for $7.65 million in 2019, records show. The recently completed house spans about 17,600 square feet over three levels, Kohen said. The house has six bedrooms, two kitchens and two libraries, as well as a roof deck. In addition to being beautiful to look at, Kohen said, the tree brings a “Zen” feeling to the house, he said. “You don’t see it every day.” He said he selected an olive tree because the species does well in the California climate and lasts a long time. The mature tree was brought in about five months ago. “They had to crane it in with two different cranes,” Kohen said. Thanks to the glass walls, the tree is visible from all three levels, he said. There is also access to the base of the tree from the basement level, where there is a spa with a sauna, steam room, gym, massage room and hot and cold plunge. Outside, there is a round infinity-edge pool. Kohen said the house was several years in the making, between design and construction. Visitors enter the L-shaped house via a glass bridge that leads to the front door. There is a two-sided fireplace with a three-dimensional stone design. Kohen put a theater on the first level to function as a multipurpose entertaining space. The room has blackout shades, as well as huge pocket doors to the outside and a bar. “We always see theaters hiding in the basement. We made ours a focal point,” he said. Aaron Kirman, Bryce Lowe, and Kirby Gillon of AKG | Christie’s International Real Estate are co-listing the property with Mauricio Umanksy and Zach Goldsmith of the Agency. Overall, the luxury market in Los Angeles has slowed since last year. During the third quarter, listing inventory in Bel-Air and Holmby Hills declined annually for the first time in five quarters, according to real-estate appraisal firm Miller Samuel. The average price for a luxury single-family home in Bel-Air and Holmby Hills rose 12% year-over-year. Last month, singer and actress Jennifer Lopez sold her Bel-Air home for just under $34 million. https://www.mansionglobal.com/articles/zen-is-at-the-center-of-this-45-million-los-angeles-spec-home-2ad0ad3e

Agua Dulce Winery Listed Just Under $15M

Who says you need to move to Napa to own a winery in California?! Agua Dulce, a near-100-acre winery in Santa Clarita, is on the market for $14.995 million—and with it, a five bedroom/five bathroom open-concept main house and two-story rustic barn. With its prime location in the heart of Santa Clarita, this thriving business boasts nearly 4,000 subscription wine club members who celebrate the art of winemaking. Conveniently situated on the edge of Los Angeles County, Agua Dulce Winery is just a short drive from the city, beach or mountains, and located next to a private airport. The main house boasts five bedrooms and five bathrooms. The open-concept design seamlessly connects the living and dining areas, while the elegantly updated kitchen comes fully equipped with Viking stainless steel appliances and majestic views of the verdant vineyard. The primary suite features a fireplace, built in office space and plenty of closet space. And as you step outside, the sprawling vineyard and scenic views offer a serene backdrop for unwinding, hosting gatherings, or simply indulging in the splendor of nature. T For the wine enthusiast, the fully-equipped wine cellar is a true delight. Store and savor your most valuable collection while immersing yourself in the winemaking culture; French oak barrels from floor to ceiling. Adam Brawer at Compass, and Aaron Kirman and Matt Adamo of AKG | Christie’s International Real Estate hold the listing. https://scvnews.com/agua-dulce-winery-listed-just-under-15m/

Santa Clarita Winery Listed Just Under $15 Million

Who says you need to move to Napa to own a winery in California?! Agua Dulce, a near-100-acre winery in Santa Clarita, is on the market for $14.995 million—and with it, a five bedroom/five bathroom open-concept main house and two-story rustic barn. With its prime location in the heart of Santa Clarita, this thriving business boasts nearly 4,000 subscription wine club members who celebrate the art of winemaking. Conveniently situated on the edge of Los Angeles County, Agua Dulce Winery is just a short drive from the city, beach or mountains, and located next to a private airport. The main house boasts five bedrooms and five bathrooms. The open-concept design seamlessly connects the living and dining areas, while the elegantly updated kitchen comes fully equipped with Viking stainless steel appliances and majestic views of the verdant vineyard. The primary suite features a fireplace, built in office space and plenty of closet space. And as you step outside, the sprawling vineyard and scenic views offer a serene backdrop for unwinding, hosting gatherings, or simply indulging in the splendor of nature. T For the wine enthusiast, the fully-equipped wine cellar is a true delight. Store and savor your most valuable collection while immersing yourself in the winemaking culture; French oak barrels from floor to ceiling. Adam Brawer at Compass, and Aaron Kirman and Matt Adamo of AKG | Christie’s International Real Estate hold the listing. https://californialistings.com/2023/11/13/santa-clarita-winery-listed-just-under-15-million/

Jennifer Lopez and Ben Affleck Passed on This L.A. Mansion. Now It Can Be Yours for $30 Million.

Earlier this year, Jennifer Lopez and Ben Affleck initiated escrow on a $34.5 million “Hamptons-esque” estate in the Pacific Palisades area of Los Angeles after a lengthy home search. Alas, though most folks thought they had finally found true real estate love, the merger was not in the cards. Instead, the A-list couple wound up pulling out of the deal, before ultimately paying all cash this past spring for a $61 million compound high in the mountains above Beverly Hills. Now the place that got away has popped up for sale once again, and it could be yours for a speck under $30 million. Sam Palmer and Blair Chang of The Agency, and Gary Glass of AKG | Christie’s International Real Estate hold the listing. Tucked away behind walls and gates amid a 1-acre parcel in the Rustic Canyon neighborhood, and designed by architect Ken Ungar, the recently built spec mansion features seven bedrooms and 13 baths sprawled across 15,000 square feet of two-level living space crafted by The House of Porter. There also are plenty of amenities, including a study, wet bar-equipped parlor room, movie theater, wine cellar, gym and spa. Among the main-level highlights is a formal living room sporting a wood-burning fireplace and floor-to-ceiling glass doors spilling outside. Another fireplace and a bar can be found in the formal dining room, while a cozy family room links to a marble-clad kitchen outfitted with double islands, top-tier stainless appliances, a separate prep kitchen and breakfast nook. Upstairs, the fireside master retreat comes complete with a sitting room and private balcony overlooking the backyard, as well as dual walk-in closets and baths; and outdoors, the resort-inspired grounds are laced with native sycamore trees and grassy lawns, and host a kitchen and an al fresco dining setup, a fire-pit, and pool and spa. Also holding court on the property is a detached one-bedroom guesthouse with its own living and dining rooms, along with an arched brick porte-cochère that leads to a gravel motorcourt flanked by a six-car garage. Lopez recently sold her lavish Bel Air retreat for $34 million to Taiwanese businessman Walter Wang, president and CEO of L.A.-based JM Eagle, the world’s largest manufacturer of plastic and PVC pipe, and his wife Shirley, founder and CEO of Plastpro, a top fiberglass door manufacturer, who already own two properties just a few doors away. Affleck also let his Pacific Palisades bachelor pad go back in October 2022 for $28.5 million. Between them, the couple also owns an 87-acre Georgia estate that’s currently on the market for $8.9 million, as well as a New York City penthouse, mansion in the Hamptons and petite cottage in L.A.’s Encino neighborhood. https://robbreport.com/shelter/celebrity-homes/jennifer-lopez-and-ben-affleck-house-pacific-palisades-1235409211/

An Unbuilt Beverly Hills Megamansion Lists for $126 Million

A 10-acre slice of Beverly Hills real estate is ready to hit the market, and unlike most listings, this offering will have two multimillion price tags. Plans are approved and in place for a sprawling trophy compound to be built on the plot, including a 21,661 square foot main house, a 5,000 square foot guest house and a more than 3,000 square foot car museum. For $40 million, a buyer can purchase the land along with those plans, and build the property themselves, or for $126 million, a buyer can get the home built and delivered by the developer owner. “It’s unbelievably special, in Los Angeles and especially Beverly Hills there’s a lack of land, and this is on 10 acres—that’s unheard of, it’s like your own private park,” said Aaron Kirman of AKG Christie’s International Real Estate, who is bringing the property to the market later this week. It’s a “dream home, on dream land, [with] plans and permits that you couldn’t get approved today.” The developer is Bo Zarnegin, one of the developers of the Peninsula Hotel in Beverly Hills, who’s owned the property since the mid-2000s, records with PropertyShark show. He paid a reported $8.825 million for the land. “He understands what luxury means, what luxury is and what people want in terms of livability and luxury lifestyle,” Kirman said. “There’s nothing that this property doesn’t have.” He spent seven years and millions of dollars getting the plans in place and approval from the city, according to Kirman. “That’s the most difficult part,” Kirman said. Now he has the approvals, it’ll take anywhere between two and four years for the home to be built and move-in ready, should the future buyer proceed with that route, Kirman explained. When complete, the compound will boast eight bedrooms, 20 bathrooms, two elevators, a home theater, multiple offices, a variety of bars and a wine and scotch cellar. There’ll also be a state-of-the-art home gym, a salon, a yoga room, a gourmet kitchen and an interior courtyard. The lush grounds, meanwhile, will be home to lap pools, natural ponds, an outdoor cinema and fire features. “We notice as agents that people buy something done and spend millions of dollars [changing it],” Kirman said. “The beauty of this is it’s not too late to make tweaks and changes to get exactly what they want.” https://www.mansionglobal.com/articles/an-unbuilt-beverly-hills-megamansion-lists-for-126-million-cbe11e44

Yawar Charlie: Big property problems and how to solve them

SOARING interest rates have sent the housing market into a spin. That current turmoil, combined with the stress associated with buying and selling a home, prompted Eastern Eye to catch up with leading property expert Yawar Charlie. The successful actor and TV personality turned estate agent is part of a leading company that has sold over £12.5 billion worth of property. The director of a top ranked sales team has worked with everyone from first time buyers to celebrities and appeared on property reality TV show Listing Impossible, where he and the top team help sell multi-million dollar properties languishing on the market. The Los Angeles-based expert was happy to discuss all areas of property, including buying and selling tips, division after a divorce, his reality TV show and more. What has been your most memorable moment as a realtor? Each time I hand over the keys to a new homeowner is the most memorable. I recall the thrill of acquiring my first home with my hard-earned money from my acting career. This profound sense of achievement is universally experienced, irrespective of whether it’s your first or tenth home. The exhilaration of possessing something entirely your own is incredible and it’s a privilege for me to be a part of this important milestone in my clients’ lives. What was the experience of being part of TV show Listing Impossible? Listing Impossible was a remarkable journey. The business-centric show on CNBC didn’t dwell on personal dramas but offered viewers a bird’s eye view of the intricate process of selling luxury homes in one of the world’s most competitive markets. The show’s authenticity, organic nature and unpredictability were the defining aspects of this experience. It offered a rare insight into the real-world challenges of selling luxury homes. Is there a secret to selling property at a time when prices have come down due to high interest rates? Selling property in a high-interest-rate market depends largely on specific market conditions. For instance, in Los Angeles, despite rising interest rates, property prices have increased owing to low supply and high demand. Buyers have accepted the reality of higher interest rates and adjusted their budgets accordingly. The key to selling in such a market is the understanding that the law of supply and demand ultimately governs property prices. What advice would you give those who have struggled to sell their property? For sellers who’ve struggled to sell their property, it’s crucial to reassess their strategy. Sellers need to consider whether their property is overpriced, how their home compares with others in the area and whether they are working with the right realtor. The right realtor can provide expert guidance on proper pricing and strategic marketing to ensure the property reaches the widest possible audience. What can help increase a property price? Enhancing property value could be achieved through basic maintenance and upgrades such as a fresh coat of paint, new window coverings and improved landscaping. Curb appeal is crucial for fetching a top dollar for your property. Moreover, staging the property, especially when vacant, can make it more appealing and inviting to prospective buyers. How have high interest rates affected the average homeowner and buyer? Higher interest rates affect a buyer’s purchasing power. For example, if a buyer could afford a £1 million home, they might only be able to afford a £500,000 home at a higher rate, to keep their payment amount the same. This necessitates an adjustment in price points. For sellers, it means a smaller pool of potential buyers and they need to factor this into their pricing strategy. What advice would you give those buying a property? First, know your purchasing power. Work with an established mortgage broker to understand what you can afford. Second, work with an experienced realtor to navigate the complexities of the market. Assembling a strong team is vital in a volatile market. How do you get a good price when buying? A key aspect of the purchasing process is negotiation. Having an experienced realtor who’s familiar with the neighbourhood can ensure you don’t overpay. Additionally, exploring developing neighbourhoods can help you find a good deal and grow your equity. What advice would you like to give a first-time buyer? As a first-time homebuyer, it’s important to work with a team that can guide you through the process. Remember, your first home is likely not going to be your dream home. It’s a stepping stone towards building equity and increasing wealth, which will help you afford a bigger home in the future. How important is to choose the right real estate agent? Choosing the right realtor is crucial. You want someone who understands your needs, communicates openly and honestly and prioritises your best interests over their commission. Selling or buying a house is not just a transaction; it’s about creating a space for life’s most precious moments. It’s a big responsibility and should be treated as such. What key advice would you give separating couples who own a property together? Dealing with property during a divorce or separation can be emotionally charged. It’s essential to involve an accountant or attorney to decide how proceeds from the property sale should be divided. It’s also advisable to work with a neutral real estate agent and to treat the transaction as a business deal, rather than an emotional one. What inspires you as a realtor? My greatest inspiration comes from my clients. It’s immensely satisfying to know I’ve served my clients well. My approach to business is always client-centric and integrity-driven. Success, in my view, is a natural outcome of doing the right thing. https://www.pakistanweekly.co.uk/yawar-charlie-big-property-problems-and-how-to-solve-them/

Yawar Charlie: Big property problems and how to solve them

SOARING interest rates have sent the housing market into a spin. That current turmoil, combined with the stress associated with buying and selling a home, prompted Eastern Eye to catch up with leading property expert Yawar Charlie. The successful actor and TV personality turned estate agent is part of a leading company that has sold over £12.5 billion worth of property. The director of a top ranked sales team has worked with everyone from first time buyers to celebrities and appeared on property reality TV show Listing Impossible, where he and the top team help sell multi-million dollar properties languishing on the market. The Los Angeles-based expert was happy to discuss all areas of property, including buying and selling tips, division after a divorce, his reality TV show and more. What has been your most memorable moment as a realtor? Each time I hand over the keys to a new homeowner is the most memorable. I recall the thrill of acquiring my first home with my hard-earned money from my acting career. This profound sense of achievement is universally experienced, irrespective of whether it’s your first or tenth home. The exhilaration of possessing something entirely your own is incredible and it’s a privilege for me to be a part of this important milestone in my clients’ lives. What was the experience of being part of TV show Listing Impossible? Listing Impossible was a remarkable journey. The business-centric show on CNBC didn’t dwell on personal dramas but offered viewers a bird’s eye view of the intricate process of selling luxury homes in one of the world’s most competitive markets. The show’s authenticity, organic nature and unpredictability were the defining aspects of this experience. It offered a rare insight into the real-world challenges of selling luxury homes. Is there a secret to selling property at a time when prices have come down due to high interest rates? Selling property in a high-interest-rate market depends largely on specific market conditions. For instance, in Los Angeles, despite rising interest rates, property prices have increased owing to low supply and high demand. Buyers have accepted the reality of higher interest rates and adjusted their budgets accordingly. The key to selling in such a market is the understanding that the law of supply and demand ultimately governs property prices. What advice would you give those who have struggled to sell their property? For sellers who’ve struggled to sell their property, it’s crucial to reassess their strategy. Sellers need to consider whether their property is overpriced, how their home compares with others in the area and whether they are working with the right realtor. The right realtor can provide expert guidance on proper pricing and strategic marketing to ensure the property reaches the widest possible audience. What can help increase a property price? Enhancing property value could be achieved through basic maintenance and upgrades such as a fresh coat of paint, new window coverings and improved landscaping. Curb appeal is crucial for fetching a top dollar for your property. Moreover, staging the property, especially when vacant, can make it more appealing and inviting to prospective buyers. How have high interest rates affected the average homeowner and buyer? Higher interest rates affect a buyer’s purchasing power. For example, if a buyer could afford a £1 million home, they might only be able to afford a £500,000 home at a higher rate, to keep their payment amount the same. This necessitates an adjustment in price points. For sellers, it means a smaller pool of potential buyers and they need to factor this into their pricing strategy. What advice would you give those buying a property? First, know your purchasing power. Work with an established mortgage broker to understand what you can afford. Second, work with an experienced realtor to navigate the complexities of the market. Assembling a strong team is vital in a volatile market. How do you get a good price when buying? A key aspect of the purchasing process is negotiation. Having an experienced realtor who’s familiar with the neighbourhood can ensure you don’t overpay. Additionally, exploring developing neighbourhoods can help you find a good deal and grow your equity. What advice would you like to give a first-time buyer? As a first-time homebuyer, it’s important to work with a team that can guide you through the process. Remember, your first home is likely not going to be your dream home. It’s a stepping stone towards building equity and increasing wealth, which will help you afford a bigger home in the future. How important is to choose the right real estate agent? Choosing the right realtor is crucial. You want someone who understands your needs, communicates openly and honestly and prioritises your best interests over their commission. Selling or buying a house is not just a transaction; it’s about creating a space for life’s most precious moments. It’s a big responsibility and should be treated as such. What key advice would you give separating couples who own a property together? Dealing with property during a divorce or separation can be emotionally charged. It’s essential to involve an accountant or attorney to decide how proceeds from the property sale should be divided. It’s also advisable to work with a neutral real estate agent and to treat the transaction as a business deal, rather than an emotional one. What inspires you as a realtor? My greatest inspiration comes from my clients. It’s immensely satisfying to know I’ve served my clients well. My approach to business is always client-centric and integrity-driven. Success, in my view, is a natural outcome of doing the right thing. https://asiantimes.biz/yawar-charlie-big-property-problems-and-how-to-solve-them/

Dodgers Star Mookie Betts Re-Lists Encino Home At Reduced Price

L.A. Dodgers star Mookie Betts is trying to score a run off the field, relisting his Encino home at a reduced rate. The MLB star originally sought $9.995 million for the property this past February, before pulling the listing. Now, the nine bed/10 bath home has been relisted for $8.495 million. The new-ish estate boasts 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. Even at the reduced asking, Betts still stands to make a profit. The right fielder paid $7 million even for the property in 2018. Morgan Trent with Aaron Kirman’s group holds the listing. https://californialistings.com/2023/11/06/dodgers-star-mookie-betts-relists-encino-home/

Search
Other Features