High Gross sales: A flurry of coastal gross sales caps off a cooling October in luxurious actual property

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Southern California’s red-hot actual property scene cooled a bit in October, with no extravagant spec mansions or Previous Hollywood haunts to interrupt via the $20-million mark. Strikes had been nonetheless made by many, nevertheless, together with a billionaire’s ex-wife and a high-profile actress.

Right here’s a more in-depth take a look at the priciest offers that went down in L.A. and Orange counties final month.

$17.5 million — Malibu

4 of the 5 largest on-market offers in October got here close to the coast, together with this Cape Cod that traded arms for $17.5 million on a bluff in Malibu’s Level Dume.

Information present the house was owned by Wendy Hughes, ex-wife of billionaire Public Storage founder B. Wayne Hughes. She paid $10.7 million for the property in 2012.

The coastal compound spans an acre and features a important home clad in wooden shingles, visitor cottage, swimming pool and a number of lawns dotted with fruit timber and flower-laden trellises. Scenic decks line the bottom of the house, descending to a personal sandy seaside with gated entry to the ocean beneath.

Sandro Dazzan and Cooper Mount of the Company held the itemizing. Ellen Francisco of Coldwell Banker Realty represented the client.

$14.7 million — Benedict Canyon

Actress Cameron Diaz and her husband, Good Charlotte rocker Benji Madden, paid full worth for this architectural farmhouse in Beverly Hills, shelling out $14.7 million via a belief for the newly constructed mansion.

The practically two-acre unfold held a 4,700-square-foot house when it final offered in 2018, and the brand new improvement practically doubled the dwelling house, with the principle home and guesthouse combining for seven bedrooms and 10 loos throughout roughly 9,300 sq. toes.

Posh interiors designed by ANR Signature Assortment embrace a two-story nice room, formal eating room, wine room and movie show. Outdoors, waterfalls feed right into a customized swimming pool and spa.

Ginger Glass of Compass held the itemizing. Rebecca Edwardson of Hilton & Hyland represented Diaz and Madden.

$14 million — Pacific Palisades

Luxurious actual property developer Fred Magid took bronze final month, promoting a brand-new traditional-style property for $14 million.

Perched on a 3rd of an acre a couple of mile from the ocean, the house suits seven bedrooms and eight.5 loos into 9,000 sq. toes, together with an proprietor’s suite beneath vaulted ceilings that extends to a personal balcony. Down beneath, a coated patio with a whitewashed brick hearth results in a grassy yard with a pool.

James Harris and David Parnes of the Company held the itemizing. Fredrik Eklund of Douglas Elliman represented the client.

$13.15 million — Malibu

Child Rock’s former compound discovered a brand new fan final month, because the Balinese-inspired property traded arms for $13.15 million after lower than a month available on the market.

The vendor, businessman Ryan Somers, had a bit extra luck with the property than Child Rock did. Information present the musician paid $11.6 million for the place in 2006, and after 5 years of worth cuts and relists, offered it for $9.5 million in 2017.

There’s no scarcity of favor; the customized house is crammed with Bali prospers resembling hand-carved doorways, ebony wood flooring and ornate woodwork. A equally styled guesthouse sits on the opposite finish of the property, and in between the 2, there’s a protracted stretch of garden with a swimming pool, flag pole and ivy-shrouded lounge.

Michael Cunningham of Pinnacle Property Properties held the itemizing. Eric Lavey of Sotheby’s Worldwide Realty represented the client.

$13 million — Laguna Seaside

Gene and Janet Miscione, two executives at Aliso Viejo-based Centon Electronics, hauled in $13 million for his or her Mission Revival-style home overlooking Shaw’s Cove in Laguna Seaside.

They’d been making an attempt to shed the property for half a decade, initially itemizing it for $18 million in 2015.

The dazzling multilevel house sprawls down a bluff with quite a lot of out of doors areas together with an ocean-view garden, eating patio, third-story balcony and second-story deck that descends on to the seaside. Inside, ornate ceilings, colourful Spanish tile, wrought-iron accents and film home windows contact up the 4,000-square-foot ground plan.

Josh and Matt Altman and Andy Stavros of Douglas Elliman held the itemizing. Tara Foster Shapiro of Pacific Sotheby’s Worldwide Realty represented the client.

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