As we’ve often talked about on this blog in the last few months, the high end of highend real estate in Los Angeles continues to climb to new heights. Even as sales are slowing, home prices, particularly of luxury properties are testing new limits. Though these two Hollywood Hills homes couldn’t be more different in style, both are asking over $3,000 per square foot.
What’s driving these prices? The old realtor adage: Location, location, location, might soon be replaced by :Views, views, views. Celebrities, Silicon Valley tycoons and foreign billionaire buyers are all competing for some of the most prime and prestigious addresses in the country. Though this first home on Sierra Mar just a stone’s throw away from Beverly Hills’ Trousdale Estates, it’s asking price is rarely seen outside of that storied neighborhood.
Located in the coveted “Bird Streets”, 9380 Sierra Mar Drive is the “ultimate trophy compound”. On a quiet cul-de-sac above the Sunset Strip, the jaw-dropping views stretch from downtown to the ocean.
The 5 bedroom, 6 bath house has American walnut flooring throughout. The top of the line kitchen features Thermador appliances, new Caesarstone countertops, two ovens and two dishwashers. The dining area has a Tiffany dining table and Delfin swivel chairs.
The huge master has numerous skylights and walk-in closets with separate handbag and shoe rooms.
The property also features a gym and theater with seating for ten and reclining sofas.
Outdoors you’ll find an 1800 square foot swimming pool and a fire and several alfresco dining areas. Asking price: $23,995,000.
Nearby on Forest Knoll a much more traditional style Mediterranean home is asking only $19,000,000. Also on a cul-de-sac street, the property is conveniently just a few minutes north of tbe shopping and restaurants on Sunset Blvd and Sunset Plaza.
The selling point here is once again the “sensational panoramic city-to-ocean views”. The gated property is behind gates at the end of a private drive.
Built in 1998, enter to find a two-story great room with vaulted cathedral beam ceilings and a fireplace. The massive gathering room opens onto an “ante-room” for more dining alfresco.
Another large family room housing an exquisite wood bar and another fireplace.
The views the one-acre property offer, are showcased in the master where there is yet another fireplace and direct outdoor access. The master bath suite contains his and her baths a large walk-in closet.
Additional rooms include a media room and office as well as two more bedroom suites with private baths on the upper floor. The pool and spa are surrounded by grassy green manicured lawns, and of course, views, views, views.
If you’re interested in seeing either of these stunning Hollywood Hills homes in person, please call us at 323-829-8811. Or email Susan Andrews at susan@luxurylahomes.com.
Contact us anytime if you ever wonder “What’s my home worth”? Or visit HollywoodHillsValue.com for a free no obligation home valuation.