Los Angeles Spec Home Could Set Price Record in Hancock Park Neighborhood
A new, ultra-modern megamansion in the heart of Los Angeles’s historic Hancock Park hit the market last week for just under $25 million.
JOE BRYANT
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A new, ultra-modern megamansion in the heart of Los Angeles’s historic
Hancock Park
hit the market last week for just under $25 million.
If the property, which includes 13,000 square feet of living space, sells for close to its ask, it would be the most expensive home sold in the neighborhood by about 24%, according to the Multiple Listing
Service.
“
Jonathan Menlo
and
Meir Siboni’s
vision is second to none…it is truly an architectural and design triumph in the heart of Hancock Park,” listing agent
Aaron Kirman,
of the Aaron Kirman Group at Compass, said in an email. He has the listing with
Verna Helbling,
also of Compass, and
Adam Rosenfeld
with The Agency.
More: Award-Winning Glass Farmhouse in Hollywood Hills Sells for $23.22 Million
Mr. Menlo
and
Mr. Siboni,
of the Los Angeles-based design firm Go Green Remodeling, designed the home, which features six en-suite bedrooms, a personal salon and a one-bedroom, two-bathroom guest house. There’s also a sunken seating area and firepit with a window into the pool and a tennis court.
The designers are also behind a 22,000-square-foot mega mansion in Calabasas, California, that sold earlier this month for a record $30 million, The Wall Street Journal reported.
In the Hancock Park build, amenities include a marble wet-bar and a dining room with a glass wine cellar, a kitchen with two islands and separate chef’s prep kitchen by the Italian designer, Scavolini, and retractable walls that open up to the lawn, outdoor kitchen and pool area, according to the listing.
The primary bedroom suite boasts a gas fireplace and a soaking tub in the black-marble bathroom and a private balcony, the listing said.
Home prices are up in Los Angeles, although not as high as they were in the second quarter of last year, when the pandemic was first pushing buyers toward more space and privacy.
The median price for a Los Angeles luxury home was $13.4 million in the second quarter, according to a report from Douglas Elliman that defined luxury as the top 10% of the market. Although that was 31% higher than the previous quarter, it was about 14% less than the same time last year, the data showed.
This article first appeared on Mansion Global.