Carolwood Estates: 2024 Annual Report by Carolwood Estates

ANNUAL REPORT 2024

Encantada, Bel Air

CEO, Carolwood Estates. - Drew Fenton

I. Introduction

II. Significant Sales

III. On the Market

IV. Credits

A letter from our founders

I. INTRODUCTION

Within the first week of 2025, the unimaginable had already happened. Los Angeles endured one of the worst natural disasters in California’s history. The Palisades and Altadena wildfires caused unprecedented direct and collateral damage which have affected the lives of all Angelenos in some capacity.

Despite the numerous challenges currently facing Los Angeles, the city’s tenacity remains unmatched. Carolwood’s staff and agents are committed to supporting the relief efforts of our choice and providing the highest level of service to their clients in a time where expertise, integrity and compassion are of upmost importance.

As the firm looks towards a brighter future, Carolwood Estates has launched our 2024 Annual Report, shedding light on an incredible second year of operation for our firm. Carolwood celebrated our two year anniversary this past November.

Carolwood’s Beverly Hills office of 150 elite associates expanded to a roster of 180 as we welcomed Lisa Optican Kevin Booker Greg Holcomb, the Alan Long team, Patrick Fogarty Connie Blankenship Heather Boyd and Kate Newton to the fold among others.

Most notably we partnered with David Parnes and James Harris of Bond Street Partners in February. David and James are two of L.A.’s biggest celebrity agents with over $940 million in sales in 2024.

This unrivaled pool of diverse talent has helped Carolwood Estates to achieve a dominant 35% market share of the $20 million+ residential market and a leading 27% market share of the $10 million+ market in the prime neighborhoods of Los Angeles with an annual sales volume of $3.2 billion in 2024. The figure doubles that of Carolwood’s debut annual performance of $1.6 billion in 2023.

Carolwood was ranked as the #1 boutique residential firm in Los Angeles by The Real Deal in August, ranking 8th overall by onmarket volume.

The publication dubbed 2024 as “the year of Carolwood Estates” in December, as our associates represented half of the transactions on The Real Deal’s list of 2024’s most expensive home sales in Los Angeles.

Our agents achieved the highest sales of 2024 in Holmby Hills Beverly Hills Trousdale, the Bird Streets, the Hollywood Hills Little Holmby Century City, the Wilshire Corridor Encino Sherman Oaks and Studio City

Our CEO Drew Fenton represented the four highest residential sales in Beverly Hills of the year himself, while Bond Street Partners represented three of the four highest residential sales in the Bel Air / Holmby Hills area respectively. Carolwood’s associates also represented four of the five highest residential sales in the prestigious Bird Streets, the three highest sales in the Wilshire Corridor / Century City area and the two highest residential sales in Little Holmby

Cooper Mount represented the buyer of The Edge, designed and developed by Unvarnished, at $61 million marking the highest onmarket sale in Malibu of the year.

In total, Carolwood’s associates conducted 104 transactions priced $10 million and above in 2024 with nearly a quarter (23%) of those deals being conducted in-house with fellow associates at the brokerage. Not exclusive to just luxury, we sold $650 Million worth of properties priced $4 million and below in 2024.

Carolwood maintains an estimated $4 billion in current inventory, nearly half of which is held off-market. We continued to bring iconic properties to the market in 2024 including the $165 million Casa Encantada by James E. Dolena (restored by Peter Marino), the $65 million Reserve by Candy London, a $68 million Napa Valleyinspired estate by Howard Backen and the $12.5 million Doumani House designed by sculptor Robert Graham

Our roster consists of 180 licensed agents headquartered in Beverly Hills representing both residential and commercial.

$3.2B

Carolwood Estates took in an impressive $3.2 Billion total sales volume in 2024, our second year in business.

$4B

Carolwood Estates currently maintains ~ $4 Billion in luxury inventory including Casa Encantada, The Reserve, Ocho Manos and Villa Oliva

Ranking LA’s Top Residential Firms of 2024

Carolwood Estates #8 #1

BoutiqueFirminLA Firm in LA Overall

Carolwood Estates

Los Angeles’ top residential brokerages say the market’s humming along despite the numerous challenges the year has presented for them.

Malibu in particular has been home to many of the year’s biggest blockbuster deals, including the record $61 million on-market sale of a spec home in Scott Gillen’s The Case community and Laurene Powell Jobs ’ off-market unbrokered purchase of a Paradise Cove home for $94 million . Although this year’s top four look similar to previous rankings, the rest of the list points to an increased presence from boutique brokerages.

Carolwood Estates is among the list’s newcomers. Some say the boutique presence isn’t new, as many smaller firms work with high-networth clients on off-market deals, which the list does not reflect. Cooper Mount of Carolwood represented the buyer of the aforementioned $61 million Malibu spec home The Edge by Unvarnished

“We’re seeing more than ever that our highest-level clients prefer to transact off market,” Carolwood’s Managing Broker Nick Segal said. “It helps maintain a sense of both anonymity for the sellers and exclusivity for the buyers.”

Carolwood, which ranked highest of all the newcomers, at No. 8 overall had a total sales volume of $1.6 billion across 290 deals, according to TRD analysis which counted Multiple Listing Service-recorded deals above $1 million between May 2023 and May 2024 and did not include off-market transactions.

The brokerage said its volume measures closer to $2.7 billion with offmarket trades factored in for the period of May 2023 to Aug 2024 (the time of writing).

How LA’s Boutique Brokerages Juggle Closing Deals with Managing the Business

The penthouse office at the Bank of America Building in Beverly Hills’ Golden Triangle serves as an extension of Drew Fenton’s collections, housing his Billy Haines chairs (currently about $4,000 a set at one online auction house), vintage seating by Italian architect Gio Ponti and 500 design books.

Fenton, who runs boutique residential brokerage Carolwood Estates , rarely sits still long enough to enjoy the space, which has views over Holmby Hills, Bel Air and other tony neighborhoods and feels more like the luxury mansions he sells than the headquarters of a top brokerage.

“I’m not sitting in a lofty office tower disconnected from the community,” he said. He prefers to be out working in the “sandbox” — the real world.

The office, however, is his to run. Fenton, who spent more than 20 years making his name as an agent, serves as CEO of Carolwood, which he founded in early November of 2022 alongside CMO Ed Leyson and Managing Broker Nick Segal . The firm now boasts 180 licensed associates and a sales volume of $3.2 Billion in 2024, double the previous year’s take of $1.6 Billion

Carolwood is one of several boutique brokerages led by agents who dominated Los Angeles at other firms and are now trying out a new title: the boss.

Many motivated by a desire to ditch corporate life, these agententrepreneurs are already seeing success, although some also grapple with the mundane tasks of being top dog and the details of managing an operation.

Carolwood Estates

Sales

We represented the highest sales of the year in Holmby Hills Beverly Hills, Trousdale, the Bird Streets, the Hollywood Hills, Century City, Little Holmby the Wilshire Corridor, Encino, Sherman Oaks and Studio City

23% of our deals sold above $10 Million in 2024 were conducted in-house between agents at Carolwood Estates

Our agents closed 104 transactions priced $10 Million and above in 2024.

FOUR HIGHEST SALES

BEVERLY HILLS

OFF-MARKET ESTATE

$65,000,000*

Represented the Buyer and Seller

1006 N ROXBURY DRIVE

$37,110,000 Represented the Buyer

OFF-MARKET ESTATE

$35,000,000 Represented the Seller

984 N ALPINE DRIVE

$33,000,000

Represented the Seller

THREE OF THE FOUR HIGHEST SALES

BEL AIR / HOLMBY

OFF-MARKET ESTATE

$67,500,000*

Represented the Buyer and Seller

ST PIERRE ROAD

$46,000,000* Represented the Seller

COPA DE ORO ROAD

$39,999,000* Represented the Buyer and Seller

$28,500,000*

Represented

$24,000,000

Represented

$28,000,000 Represented

Represented

$20,7500,000 Represented

Sales of 2024

Highest Sale in Holmby Hills

OFF-MARKET HOLMBY HILLS ESTATE

$67,500,000* Represented the Buyer + Seller

Highest On Market Sale in Malibu

THE EDGE, MALIBU

$61,000,000 Represented the Buyer

Highest Sale in Beverly Hills

OFF-MARKET BEVERLY HILLS ESTATE

$65,000,000*

Represented the Buyer + Seller

Highest On Market Sale in Bel Air

ST PIERRE RD, BEL AIR

$46,000,000* Represented the Seller

WAVE HOUSE, MALIBU

$42,500,000* Represented the Seller

Second Highest Sale in Beverly Hills

1006 N ROXBURY DR, BEVERLY HILLS

$37,110,000 Represented the Buyer

Highest Price per Sqft in Beverly Hills

984 N ALPINE DR, BEVERLY HILLS

$33,000,000 Represented the Seller

Highest Sale in the Bird Streets

1800 MARCHEETA PL, BIRD STREETS

$28,500,000* Represented the Buyer + Seller

Highest Sale in the Wilshire Corridor

UTAMA ROYALE, WILSHIRE CORRIDOR

$28,000,000 Represented the Seller

657 PERUGIA WAY, BEL AIR

$27,995,000* Represented the Buyer + Seller

COPA DE ORO RD, BEL AIR

$39,999,000* Represented the Buyer + Seller

Highest Sale in the History of the Flats

OFF-MARKET BEVERLY HILLS ESTATE

$35,000,000 Represented the Seller

OFF-MARKET MALIBU ESTATE

$30,000,000 Represented the Seller

OFF-MARKET BEVERLY HILLS ESTATE

$28,500,000* Represented the Seller

31412 BROAD BEACH RD, MALIBU

$27,995,000 Represented the Seller

714 N ALTA DR, BEVERLY HILLS

$27,300,000 Represented the Seller

OFF-MARKET HOLMBY HILLS ESTATE

$25,500,000 Represented the Buyer + Seller

O ur Highest Sales of 2024 CONT Third

1375 N DOHENY DR, BIRD STREETS

$24,000,000 Represented the Buyer

14330 SUNSET BLVD, PACIFIC PALISADES

$25,375,000 Represented the Buyer

1432 TANAGER WAY, BIRD STREETS

$23,700,000 Represented the Seller 11 BEVERLY RIDGE TER, BHPO

$23,500,000 Represented the Seller

OFF-MARKET BRENTWOOD ESTATE

$23,000,000 Represented the Buyer + Seller BEVERLY WEST PH, WILSHIRE CORRIDOR

23826 MALIBU RD, MALIBU

$22,500,000 Represented the Seller

1910 BEL AIR RD, BEL AIR

$22,350,000 Represented the Seller

31030 BROAD BEACH RD, MALIBU

$21,499,000* Represented the Buyer

$23,500,000 Represented the Buyer

362 COPA DE ORO, BEL AIR

$22,750,000*

Represented the Buyer + Seller

755 SARBONNE RD, BEL AIR

$22,500,000

Represented the Buyer

10702 LEVICO WAY, BEL AIR

$21,500,000*

Represented the Seller

1475 N DOHENY DR, BIRD STREETS

$20,800,000

Represented the Buyer + Seller

THE CENTURY PH, CENTURY CITY

$20,750,000 Represented the Seller

OFF-MARKET HOLLYWOOD HILLS ESTATE

$20,000,000 Represented the Seller

O ur Highest Sales of 2024 CONT

Highest Sale in Trousdale

551 CHALETTE DR, BEVERLY HILLS

$18,750,000*

Represented the Seller

Highest Sale in Encino

3904 VALLEY MEADOW RD, ENCINO

$17,125,000 Represented the Buyer

1001 N CRESCENT DR, BEVERLY HILLS

$18,550,000 Represented the Buyer

31504 VICTORIA POINT RD, MALIBU

$16,950,000* Represented the Buyer

1130 CAROLYN WAY, BEVERLY HILLS

$18,500,000 Represented the Buyer

Second Highest Sale in Little Holmby

467 COMSTOCK AVE, LITTLE HOLMBY

$16,750,000 Represented the Seller

626 FOOTHILL RD, BEVERLY HILLS

$15,750,000* Represented the Seller

31228 BROAD BEACH RD, MALIBU

$15,500,000 Represented the Seller

532 SPOLETO DR, PACIFIC PALISADES

$15,095,000 Represented the Buyer + Seller

OFF-MARKET BEVERLY HILLS ESTATE

$14,200,000 Represented the Seller

918 WHITTIER DR, BEVERLY HILLS

$13,830,000 Represented the Buyer

1700 CARLA RDG, TROUSDALE

$13,550,000 Represented the Seller

$18,350,000 Represented

$16,550,000 Represented

$15,000,000 Represented

$13,400,000 Represented

$17,985,000* Represented

$17,475,000 Represented

$15,875,000 Represented

$14,500,000 Represented

$12,751,000 Represented

9115 CORDELL DR, SUNSET STRIP

$12,750,000* Represented the Seller

WILLIAM C. HAY RESIDENCE, LOS FELIZ

$11,500,000*

Represented the Seller

435 MARGUERITA AVE, SANTA MONICA

$10,995,000

Represented the Seller

1457 N SAN REMO DR, PACIFIC PALISADES

$10,500,000*

Represented the Buyer

710 N ALTA DR, BEVERLY HILLS

$12,600,000

Represented the Buyer + Seller

$11,435,000

$10,800,000

$10,495,000* Represented

570 EVELYN PL, BEVERLY HILLS

$12,550,000

Represented the Buyer

810 FOOTHILL RD, BEVERLY HILLS

$11,407,500

Represented the Buyer + Seller

625 N PALM DR, BEVERLY HILLS

$10,750,000*

Represented the Buyer + Seller

624 N ARDEN DR, BEVERLY HILLS

$10,150,000

Represented the Buyer + Seller

$12,400,000 Represented

$11,100,000

$11,995,000* Represented

$10,999,999* Represented

$10,650,000 Represented

$10,000,000 Represented

$65 Million Mohamed Hadid Megamansion Marks Year’s Highest Sale in Beverly Hills

The sale of Le Palais, which the developer built around 2011, marks a bright spot for the luxury market

In Beverly Hills, a roughly 48,000-sf mansion known as Le Palais has sold in an off-market deal. The estate was quietly offered at $65 million.

The seller was an entity tied to Lola Karimova-Tillyaeva, a daughter of former Uzbekistan President Islam Karimov, and her husband, entrepreneur Timur Tillyaev The entity bought the property for $32.75 million in 2013, records show. The identity of the buyer is unknown.

The house was built around 2011 by Mohamed Hadid, a real-estate developer who has built a large number of spec homes in the Los Angeles area and is the father of models Gigi and Bella Hadid

The house sits on roughly an acre across the street from the Beverly Hills Hotel and has a hand-carved French limestone exterior. Property records put the number of bedrooms at seven.

Islam Karimov was president of Uzbekistan for 25 years following the collapse of the Soviet Union. KarimovaTillyaeva, a former diplomat, is a philanthropist and founder of the perfume company the Harmonist Maison de Parfum, according to the company’s website.

Zac Mostame of Carolwood Estates represented the mystery buyer while Drew Fenton, CEO of Carolwood Estates, represented the sellers.

Modern Malibu Spec House Sells

for $61 Million

The mansion is the first to sell in The Case by Scott Gillen, a new development which comprises five mansions

A brand-new Malibu, California, mansion with ocean views sold on Friday for a whopping $61 million.

This marks the first sale for the new private, gated community called The Case, which is made up of five newly built, Mid-Century Modern-inspired homes.

The house, named “ The Edge,” along with the four others in The Case, was designed and developed by Scott Gillen, founder of Unvarnished a Malibu-based property developer.

Gillen purchased the 24-acre Malibu plot in 2017 for $50 million, according to his website.

“It’s a massive milestone,” Gillen told Mansion Global. “When I set out to do this, and I was in the middle of designing all these homes, I had a specific task in mind. Looking at it now … it looks like it’s been here forever, which is interesting to create something that looks very natural [to the setting]. It justifies what I set out to do.”

Perched on a blufftop over Malibu Colony Beach, the south-facing home is surrounded by panoramic ocean views, which can be seen through the large floor-to-ceiling windows.

Set on 2.6 acres, the home is about 10,500 square feet with five bedrooms, five full bathrooms and three half-baths. Glass doors in both the primary bedroom and bathroom open up to the outdoors, where there’s a 500-square-foot sheltered terrace, according to the listing.

The back of the home is lined with walls of glass that open up to the 10,000-sf wraparound ipe wood deck that includes an outdoor kitchen, a cabana and a 75-ft infinity pool that seems to disappear into the ocean.

“It goes off the edge of the backyard, and it just falls into the water,” Gillen said. “I’ve always wanted to do that.”

Other features include a home theater, an 800-bottle wine room and custom furnishings from Gillen’s company Unvarnished. Its location in central Malibu places the home close to the pier, shops and restaurants, like Nobu

“It’s an epic location for Malibu,” Gillen said. “It’s also set up above the highway, so noise is not a factor. Nothing’s in front of it except the ocean, so you don’t see poles or wires or rooftops.”

The buyer was represented by Cooper Mount of Carolwood Estates

Thrive Capital Founder Purchases the Iconic Wave House

Harry Gesner designed the iconic Mid-Century Modern home while surfing in front of the property.

A venture capitalist has purchased the Wave House, an iconic Malibu property designed to look like cresting waves, according to people familiar with the situation.

The 1950s-era Mid-Century Modern residence, designed by the late architect Harry Gesner, was offered at $42.5 million. It was previously owned by the late Mo Ostin, an influential music executive who led Warner Bros. Records for decades. Ostin, who died in 2022, bought the property in the late 1980s.

The roughly 6,200-square-foot house, which has drawn comparisons to the Sydney Opera House, sits on stilts above the beach, with a circular living space surrounding a conversation pit with a fireplace. Gesner famously paddled out to the surf break in front of the property and sketched the plans for the six-bedroom house from his surfboard.

The house was once also owned by British rocker Rod Stewart Zen Gesner, Harry Gesner’s son, grew up next door and recalled the musician as a great neighbor. He would dance on the deck and once, he invited the entire Scottish national team over for a game of soccer on the beach, he said.

The property, which comprises less than an acre, also has a small guesthouse and a garage.

The buyer is the founder of Thrive Capital a venture-capital firm that has backed technology companies including Instagram GitHub, and Spotify His wife is a model who also runs a coding camp for young women.

The deal adds to the couple’s real-estate holdings across the country. In 2020, they bought a roughly 15,000-square-foot mansion in Miami for $21.5 million. They also own a roughly 7,200-square-foot New York City penthouse at the Puck Building. They paid $35 million for that property in 2021, records show.

The Wave House was listed by Drew Fenton of Carolwood Estates

Renovated Hal Levitt Design in Beverly Hills Sells for $33 Million

The architectural estate has sold for a record price at more than $5,000 per square foot

Sue Gross, the ex-wife of PIMCO co-founder Bill Gross, is closing out 2024 in a big way. Her home at 984 North Alpine Drive has sold for $33 million, nabbing a price per square foot in Beverly Hills of $5,024.

That marks a record on a price per square foot basis, according to listing agent and Carolwood Estates CEO Drew Fenton. It pushed the more than 6,500-squarefoot home into the slot for third priciest on-market deal in Beverly Hills this year.

It didn’t take long for Gross to find a buyer for the gated home, which touts a stone motor court, 12-foot ceilings, dining room set off with a glass enclosure, service kitchen and separate parking for staff. The property hit the market in September, with a $35 million ask.

Gross paid $20 million for the Hal Levitt designed home in 2018 before it underwent extensive renovations. She tapped Stonehurst Group’s Justin Krzyston as contractor.

The home is the second on the street Gross has sold in about as many years. She found a buyer for 960 North Alpine Drive in 2022, which sold for $23.3 million. Gross bought the property in 2017, paying $35 million for the home from Ellen DeGeneres and Portia de Rossi

At $33 million, the sale of 984 North Alpine Drive marks the fourth highest sale in Beverly Hills of 2024.

The deal marks another feather in the cap of Fenton, whose name is synonymous with some of Los Angeles’ priciest on and off-market trades. The Carolwood CEO was involved in each of the top four sales in Beverly Hills of 2024.

Fenton represented the seller on an off-market deal which marked the highest sale of the year in Beverly Hills. The roughly 48,000-square-foot mansion known as Le Palais was offered privately at $65 million. Fellow Carolwood associate Zac Mostame represented the buyer.

Fenton also represented the buyer of Beverly Hills’ priciest on-market deal this year. That sale was the more than 20,000-square-foot estate at 1006 North Roxbury Drive, which sold for $37.1 million in June. Designed by architect Richard Landry the manse featured a 400-bottle wine room.

Beverly Hills’ third priciest trade of 2024, which sold in December for $35 million, was also held by Fenton and located at 619 North Arden Drive. The Spanish-style, 1920s residence was sold by a trust tied to producer David Zander, according to public records.

| Jerry Moss Estate, Bel Air | $28,950,000

Late A&M Exec Jerry Moss’ Bel Air Mansion Sells for Nearly $29 Million

A Los Angeles estate owned by late record-label executive Jerry Moss has sold for $28.95 million.

The buyers are Stuart Liner, an attorney and realestate developer, and his wife, designer Stephanie Liner, property records show.

Located in Bel-Air, the property comprises two lots totaling roughly 1.8 acres, records show. After hitting the market together in 2023, each lot was offered separately this year. One lot, with 0.87 acres and a 1930s house, was first listed for $26.985 million and most recently priced at $22.75 million, according to Zillow. A neighboring, 0.94acre lot was asking $17.985 million.

Moss purchased the smaller lot with the house for an unknown amount in the 1980s and bought the neighboring property for $3.05 million in 1994. The estate was his primary home.

The Liners have bought, renovated and sold more than a dozen homes in the Los Angeles area since the 1990s, Stuart previously told The Wall Street Journal. In 2015, they sold a newly-built mansion in Holmby Hills for $30 million.

In addition to the main house, the estate has two guesthouses for a total of approximately 11,664 square feet of living space, according to the listing. The main house has six bedrooms, a formal library and a theater. The manicured grounds have a pool surrounded by large stones, making it look like a pond.

The deal marks one of the most expensive home sales in Bel-Air this year. In Bel-Air and nearby Holmby Hills, the number of single-family home sales rose 47.1% in the third quarter from the same period of last year.

Jerry Moss founded A&M Records with Herb Alpert in the 1960s. In 2000, the pair sold Rondor Music, an independent music-publishing company, to Universal Music Group for about $400 million. After Moss’s death in 2023, his family listed the Bel-Air estate, as well as a property in Hawaii. The Maui compound sold for $18 million in September, records show.

Drew Fenton of Carolwood Estates represented the buyer of the Bel-Air estate. He and colleague Linda May held the listing for the parcel.

Home with a Musical Past Sells for $21 Million

Eagle-eyed music fans may recognize this Los Angeles house—its likeness once graced the interior gatefold of George Harrison’s second solo album. Both Harrison and Ringo Starr appear in the picture, alongside other musicians Harrison worked with on the album, as well as entertainment attorney Abe Somer, the home’s owner.

Somer was a fixture of the ’60s and ’70s music scene in particular, with a client list that included the Rolling Stones, the Mamas & the Papas, the Beach Boys, and the Doors along with the Beatles Somer passed away in 2023, and his widow and daughter are now selling the legendary property that has been in their family for over 50 years.

The 1927-built primary structure has been well maintained in its original style both inside and out, save for the tastefully renovated, more contemporary-leaning kitchen and bathrooms. Leaded-glass windows, wood paneled ceilings, and built-in bookshelves and cabinetry appear throughout, all in immaculate condition. Additional structures, both in the same style, include a pool house with a kitchenette and lounge area and a carriage house with a grand double height library and guest suite.

Located in the desirable neighborhood of the Bird Streets, the nearly two acre property features grounds designed by Mark Rios in the style of an English estate. An oval lily pond, brick pathways, koi ponds, and waterfalls add tranquility to the grounds. A tennis court accompanied by a viewing pavilion, plus a fenced in pool, layer on even more appeal.

Cooper Mount of Carolwood Estates represented the buyer for nearly $21 million. Richard Ehrlich also of Carolwood Estates held this listing.

The sprawling LA abode was formerly owned by Joe Jonas and Sophie Turner

Music producer Zedd’s Los Angeles mansion has been a magnet for big names, and it looks like the starry streak will continue. Fellow Grammy winner Meghan Trainor just bought the Jae Omar-designed abode, according to Robb Report.

Joe Jonas and Sophie Turner were the home’s first A-list owners. They purchased the newly-completed dwelling for $14.1 million in 2019, the same year that the Jonas Brothers reunited on stage. Two years later, Zedd (a.k.a. Anton Zaslavski) scooped up the nearly 15,000-square-foot home for $15.2 million. The EDM artist returned the six-bedroom, 12-bathroom home to the market in January with a $19 million price tag.

Trainor snagged the contemporary digs at a discounted $17.1 million–not bad, considering Zedd made some considerable upgrades to the space during his tenure there. The “Made You Look” singer might’ve been drawn to the home’s recording studio, which comes complete with a vocal booth. The residence’s nonmusical amenities include a wellness retreat with a gym, sauna, and a massage room—all among Zedd’s customizations to the home.’

“I’ve always been into really modern, slick, sharp corners,” the “Clarity” artist told AD during a 2018 tour of his former Beverly Hills mansion. That proclivity is also reflected here: crisp, modern lines are found everywhere in the listing photos, from the architectural details to the furniture to the swimming pool.

Other highlights of the estate include an outdoor kitchen, a putting green, a wine cellar, and two kitchens. A two-story guest house on the property features a state-of-the-art movie theater and a pub with a billiards table.

According to Robb Report, the sale is Trainor’s third purchase in the area in the past four years. Zedd is also a repeat buyer in the neighborhood; he relocated to another Omar -designed mansion in Encino, which marked the area’s most expensive deal of the 2023 when he bought it for $18.4 million.

Justin P. Huchel of Carolwood Estates represented Trainor on the purchase.

The Los Angeles property was also owned by Harrison Ford for many years

Tech mogul Evan Spiegel and his Australian model wife have found a buyer for their Los Angeles home. The couple listed the house, located in the city’s Brentwood neighborhood, back in March. The 7,000-square-foot home closed on September 18th for $16.1 million, according to listing records.

The traditional-style main house, which was built in 1951 by architect Gerard Colcord, features a double-height foyer, a formal dining room with a fireplace and a living room that opens to a large terrace. There are six bedrooms and eight bathrooms, including a primary suite with high ceilings, a marble bathroom, two large closets and a balcony that has a view of the city.

The listing was held by Drew Fenton CEO of luxury real estate firm Carolwood Estates, who did not respond to Fortune’s request for comment on the transaction. Fenton has sold many high-profile, multimillion-dollar properties in Los Angeles, including Chartwell, the Playboy Mansion and the Beverly House

Spiegel’s former residence was arguably just as high profile even before he moved in. The sixbed, eight-bath home was built in 1951 and was previously owned by Indiana Jones actor Harrison Ford from 1983 to 2012 until HBO Max’s former chief content officer Kevin Reilly bought it.

Back in the 80s, Ford had paid exactly $1 million for the home, designed by renowned architect Gerard Colcord; Reilly snagged it for $8.2 million three decades later.

Reilly flipped the house and sold it to Spiegel in 2016 at $12 million. Spiegel, 34, and Kerr, 41, lived there for about eight years, but recently moved into their new $145 million “mega-estate” in Holmby Hills, according to Robb Report. Spiegel did not respond to a request for comment from Fortune about the sale.

Spiegel, the co-founder and CEO of Snap Inc., is currently worth an estimated $3.1 billion

George Clooney Sells Studio City Home for Record $14.5

Million

It’s the end of an era for George Clooney. The Out of Sight, Ocean’s 11, From Dusk Till Dawn, O Brother Where Art Thou?, Burn After Reading, and Solaris leading man has parted ways with the English-style Los Angeles estate he has maintained for about three decades. Clooney bought the spot in 1995 for $2.2 million—from folk-rock icon Stevie Nicks, no less.

The home at Iredell Lane is located in Studio City’s Fryman Canyon area, a woody neighborhood flush with exclusivity and gated estates. The mystery buyers are a newlywed couple in the entertainment industry, according to a source with knowledge of the deal. Carolwood Estates’ Kevin Dees represented the buyers.

The $14.5 million deal marks the highest of the year in Studio City and among the highest in the entire San Fernando Valley.

The Oscar winner recalled his purchase of the 7,354-square-foot house in a 2012 segment of the CBS program Person to Person . “I was in the second season of ER living in a little house and I thought, well maybe it’s time to get a little bit larger house off the street so I wouldn’t fall prey to every photographer,” Clooney said. “To me, it was a sign of making it, to be able to buy your own home.” In the years since, the actor invested millions into expanding and renovating the six-bedroom, six-bathroom dwelling.

CBS’s cameras also got an inside look at the the two-story home, revealing a theater equipped with a popcorn machine, multiple bars, a basketball court, and an open-air dining room with a temperaturecontrolled wine wall as some of its A-list amenities. Hardwood floors, stone fireplaces, and coffered ceilings were also shown. Since then, the Fantastic Mr. Fox star married civil rights lawyer Amal Alamuddin (now Amal Clooney) and welcomed twins. In 2018, she told Vogue that the former bachelor pad, where Clooney once threw legendary dinner parties, had transitioned into more of a “low-key” family home.

The tree-lined plot hosts the main home as well as multiple guesthouses, a tennis court, and a pool. Major renovation work to the property was completed in the fall of 2022 and included the addition of two villas, with the Clooneys reportedly paying $1 million for the expansion. The couple maintain an international real estate portfolio with homes in England, Italy, France, and New York City.

Former Judy Garland Estate, Bel Air | $11,100,000

Judy

Garland’s Famed Bel Air Estate Sells for $11.1 Million

The actress bought the 5,513-square-foot home in 1938, the same year she was signed to star in “The Wizard of Oz”

The home, which was originally listed for $11.5 million in March, is located about a mile from Sunset Boulevard and a few blocks from the Hotel Bel-Air.

Garland was 16 years old when the home was built and commissioned famed architect Wallace Neff to design the estate. Neff is often credited with defining California-style architecture, with his work drawing influences from Spain and the Mediterranean.

The home has since been linked with other celebrity residents, including Quincy Jones and Marvin Gaye. Property records show the most recent seller acquired the property from Stephanie Booth Murray, the great-great granddaughter of Times Mirror Company founder Harrison Gray Otis

The 5,500-square-foot home has five bedrooms and seven bathrooms. It includes a gated driveway, iron staircase anchoring the home’s formal entry, chef’s kitchen with a marble island, pool and writer’s cottage.

Garland’s former home is the latest residential deal in the popular Bel Air market. Carolwood Estates’ Sebastian Spader and Kevin Dees represented the buyer.

“Presenting one of Bel Air’s most famous houses: the former estate of Judy Garland by master architect Wallace Neff. Situated on nearly 2.7 acres of exceptionally manicured grounds, this traditional estate has been carefully modified over the last decade.

Enter through the circular, gated driveway into a world of refined elegance beginning with the grand iron staircase as the focal point of the formal entry.

Enriched hardwood floors lined with custom seagrass rugs are met with monochromatic, molded walls spanning between each of the storybook windows.

The chef’s kitchen features top-of-the-line appliances, an expansive marble island, a sun-drenched breakfast nook, and access to the backyard.

The five spacious bedrooms are all en suite and complete the floor plan of this posh enclave.”

The singer has parted ways with his Rex Lotery designed abode in an off-market deal

Charlie Puth is dipping out of the 90210—at least, for now. The Grammy-nominated singersongwriter is selling his midcentury modern home. The off-market deal has reportedly closed.

The “We Don’t Talk Anymore” singer had reduced the asking price to $11 million, which was its last listed price. The sale comes a month after Puth’s wedding, which was held at his family’s residence in the celeb enclave of Montecito, California.

The musician first acquired the home in 2017 for $9 million. The seller was photographer Matthew Rolston. Puth settled into the 4,800-square-foot property, located in the affluent Trousdale Estates neighborhood, not long after parting ways with his Mediterranean-inspired villa in the Hollywood Hills for $2 million.

The five-bedroom, four-bathroom Beverly Hills house was built in 1965 by architect Rex Lotery. It was originally owned by Freddie de Cordova, a longtime producer of the The Tonight Show during Johnny Carson’s tenure, which earned it the moniker “ The de Cordova House.” The manse was also reportedly a social hub for advisers to President Ronald Reagan. Lotery was the mind behind many famous abodes, including Elvis and Priscilla Presley’s home, also located in Trousdale Estates.

Though is sports some modern amenities (following an update by Los Angeles architect Stephen Shortridge), Puth’s two-story, ’60s-inspired home still retains much of its original charm. The exterior of the singer’s soon-to-be-former dwelling is composed of concrete, stone, glass, and redwood. The estate features spacious courtyards and a motorcourt that can accommodate nine vehicles. Both the city skyline and the mountains can be seen from the grounds.

Guests are greeted by an airy foyer complete with a floating staircase up to the home’s second floor. On the ground level, a sunken living room is lined with floor-to-ceiling windows. Other main floor highlights include a cozy fireplace lounge, a built-in wet bar, and a kitchen with marble countertop islands, and a sculptural chandelier. Outdoor amenities include a pool, a fire pit, and an enclosed garage-turnedfitness studio.

$4 Million Equestrian Compound Once Owned by

Patrick Swayze Sells

An equestrian compound that includes a 1948 ranch house with three bedrooms and two and a half bathrooms, a guest cottage and a barn on a 4.5-acre lot has sold.

This estate in the Sylmar neighborhood of the San Fernando Valley is known as Rancho Bizarro. It was the longtime home of the actor Patrick Swayze, and many of his design choices remain intact, along with his dance studio.

The property’s equestrian amenities include an arena for show jumping, a lounge with a view of the arena and a barn with 11 horse stalls. There is also space for other animals; current residents include Baby and Johnny, a pair of ducks, and several goats.

Hiking and camping spots abound in this area at the base of the Angeles National Forest. Driving to Burbank or Studio City takes less than 30 minutes. A gated driveway leads from the street to the detached garage; from there, a path leads to the main house.

The front door opens into a foyer. The living room beyond has knottypine walls, a beamed ceiling, a fireplace with a white-painted brick surround and access to a powder room.

Nearby is a dining area in a solarium-style space facing a patio and pool. The bright kitchen opposite has white cabinetry and appliances with goldtone hardware, as well as windows overlooking the grounds.

The primary suite, off the living room, has a bedroom with a fireplace, two walk-in closets and direct patio access; the bathroom has a deep soaking tub surrounded by windows and a walk-in shower.

On the other side of the house are a guest room big enough to hold a queen-size bed; another room that could be a bedroom, library or home office; the dance studio, which could serve as a home gym or family room; and a bathroom with a walk-in shower.

The guest cottage behind the main house has a bedroom covered in palm-leaf wallpaper and a bathroom with walls finished in white subway tile.

The barn includes a tack room, two grooming stalls, a laundry room, a lounge overlooking the horse arena and a full bathroom.

Brett Lawyer of Carolwood Estates held the listing.

1965 Mid-Century Modern House Sells for $3.04 Million

This house was renovated by the sellers, who bought it in 2022 and restored the original walnut paneling and terrazzo floors; updated the plumbing and electrical systems; and installed new doubleglazed windows and skylights.

The property is in Ladera Heights, about 10 minutes from downtown Culver City and 15 minutes from Los Angeles International Airport and the beaches of Playa del Rey. Driving to Hermosa Beach, Redondo Beach or Long Beach takes about half an hour.

Indoors: A paved path runs parallel to the driveway, through a yard landscaped with drought-tolerant plants and into a gated entry courtyard.

The front door opens into a foyer with terrazzo-tile floors and access to a full bathroom with a walk-in shower.

To the right is a sunken living room with new hardwood floors, a free-standing brick fireplace and folding glass doors that open to the courtyard. On the other side of the fireplace is a dining room with brass pendant light fixtures and more glass doors facing the courtyard.

This space connects to a kitchen with custom-built cabinetry, quartzite slab countertops and white enamel appliances with goldtone hardware. An island with a waterfall counter separates the kitchen from a family room with walnut paneling, another fireplace and glass doors that open to the pool area behind the house.

One bedroom, currently used as a home office, is off the family room. It has more walnut paneling and glass doors facing the pool, as well as access to a powder room.

The other three bedrooms are on the opposite side of the house. The primary suite has a walk-in closet, a bathroom with a sleek oval soaking tub and a separate shower, and sliding-glass doors that open to a private courtyard enclosed by a white-brick wall. The other two bedrooms are linked by a full bathroom.

Outdoor space: The central courtyard functions as an extension of the living space, with a wood platform that offers space for lounging. Behind the house is a partially covered patio next to the swimming pool and spa. The attached garage holds three cars.

Susân Perryman of Carolwood Estates held the listing.

Casa Encantada, Bel Air | $165,000,000

Nine-Figure Home Sales are Skyrocketing

The ultra luxury market has seen a surge in mega deals in recent years, as the ranks of wealthy buyers grew across the world

It has been nearly 20 years since the country’s first $100 million home sale, but in some ways the market is just taking off: Since 2020, at least 24 homes nationwide have traded for $100 million and up, more than the total number of nine-figure sales during the entire prior decade combined.

Los Angeles and Malibu have also notched a string of major transactions, gaining steam as the wealthy sought space and privacy during the pandemic or picked up second homes. Last year, entertainment power couple Beyoncé and Jay-Z paid $190 million for a mansion in Malibu that set a California sales record—and sparked predictions that the $200 million threshold is within reach.

“Soon $100 million will be $200 million, that’s the way it’s going,” said Drew Fenton CEO of Carolwood Estates in Beverly Hills. “We’re inching closer to it.”

Nationwide, the number of megadeals skyrocketed as the ranks of ultrawealthy individuals swelled around the globe. There were 3,194 billionaires in 2023, up from 2,170 in 2013, according to research firm Wealth-X

In the past few years, the values of trophy homes around the country—disconnected as they might be from the rest of the market—also skyrocketed. So did the number of deals. In the 10 years between 2011 and 2020, there were 19 deals at or above $100 million. There were 22 deals over $100 million between 2021 and 2023. Those deals included properties that roughly doubled in value in a short amount of time.

Historically, California’s largest trades have also involved a small collection of trophy estates in Los Angeles, and to a certain degree, new spec homes. The size, provenance and location of L.A.’s iconic estates makes them rare commodities, Fenton said. “In Bel-Air, you can get 3 acres eight blocks from Rodeo Drive,” he said.

Among them is Casa Encantada, a roughly 8.5acre estate owned by the late billionaire Gary Winnick and his wife, Karen Winnick . After setting a U.S. sales record when it sold in 1980 and again in 2000, Casa Encantada hit the market in 2024 asking $165 million

Casa Encantada, Bel Air | $165,000,000

Experts say the price is justified by how infrequently properties of this caliber come to market as often times the owners of such estates never intend to sell them preferring instead to maintain them for generations. Casa Encantada’s former owners for example include hotelier Conrad Hilton and Dole Food billionaire David Murdock

Jeff Bezos’s 2020 purchase of the Warner Estate in Beverly Hills for $165 million, and Lachlan Murdoch’s purchase of the Chartwell Estate in Bel Air for roughly $150 million in 2019 are such examples. Drew Fenton repped both sides of the record setting Chartwell deal. Fenton represented Murdoch on the purchase while also repping the estate of the late media mogul Jerold Perenchio on the sale.

Given the scarcity of singular trophy homes, savvy buyers have scooped up multiple properties in prime markets in recent years. Billionaire Ken Griffin, for example, has spent more than $250 million assembling land to build a mansion in Palm Beach over the past few years. In 2023, Bezos paid a combined $147 million for adjacent properties in Miami’s Indian Creek Village.

Buyers have also paid a premium for more space and privacy. In Malibu, WhatsApp founder Jan Koum spent a combined $187 million for neighboring properties that he bought in two transactions in 2019 and 2021. Likewise, venture-capitalist Marc Andreessen and his wife, Laura Arrillaga-Andreessen, paid $177 million for a Malibu compound in 2021; a year later, they paid $44.5 million for another trophy home nearby.

Software Mogul Wants

$85 Million for ‘Sky’s-the-Limit’

The roughly 28,000-square-foot estate comes with all the bells and whistles, including a bowling alley, nightclub and shooting range

Villa Theos , Beverly

A collection of structures overlooking the city of Los Angeles evokes a small, rural Mediterranean village, but the walls conceal modern amenities worthy of a theme park: a bowling alley, nightclub, shooting range and even an escape tunnel.

Known as Villa Theos, the roughly 28,000-square-foot, 13-bedroom compound in Beverly Hills is the decadeslong project of software mogul Jim Demetriades and his wife, Nancy Demetriades. The couple bought the main house for $8.45 million in 2000 and renovated it, and have spent tens of millions adding more structures to the roughly 2.5acre property over the years.

“Jim and I really sat down and thought, ‘OK, if we could have anything we wanted—the sky’s the limit—what would we want?’ And we just went for it,” said Nancy.

Jim founded SeeBeyond Technology, a software company that was sold to Sun Microsystems, now part of Oracle, in 2005 for almost $400 million. He and Nancy were married in 2000, the same year they purchased the house.

Villa Theos comprises several structures, including the main house, the “coach house” and a four-bedroom guesthouse, the couple said. The name Theos references the Greek word for God; Jim, who grew up in Pasadena, is of Greek descent.

The six-bedroom main house was built about 30 years ago. The living room has a bar, an antique fireplace imported from France, and dramatic reclaimed wood-beamed ceilings. The home’s decor— classical statues, heavy upholstery and chandeliers—reflects Nancy’s self-described “eclectic” style. “It’s Old World,” she said, “with old fabrics and old carpets.”

The coach house, which was completed in the last few years, is home to the property’s more unusual amenities. An Old West-themed nightclub has a disco ball, velvet couches and a custom 50,000-watt speaker system with subwoofers built into the ceiling. The space provided a place for the couple’s children, now college-age or approaching it, to gather with friends.

A bowling alley has animatronics including faux boulders and lanterns that swing, shake and flash with each strike, Jim said. In the shooting range, users can shoot the traditional way or with lasers. Images of objects like watermelons or soda cans are projected onto a screen and explode when they are hit.

One of Jim’s contributions to the house is a giant man cave that doubles as an emergency bunker in the event of fire, earthquake or other disaster. Located about 24 feet underground, it is built with an escape tunnel, 1-foot-thick reinforced concrete, and 2,000-pound blast-proof, bulletproof doors, he said. It also has a 4,500-bottle wine cellar. “I told Nancy, ‘We might run out of food, but we won’t run out of wine,’” Jim said.

The estate also has a large outdoor pool, a chicken coop and about 140 fruit trees, including grapefruit, orange, avocado, passion fruit, pear and apple.

The listing is held by Drew Fenton, CEO of Carolwood Estates

A California Home

Designed by One of Napa’s

Most Influential Architects

The Howard Backen-designed Beverly Hills home evokes the late architect’s work in Napa Valley, as well as his tendency to use natural materials

In Beverly Hills, Calif, a Napa Valley-inspired house designed by the late architect Howard Backen is coming on the market for $62 million.

The sellers are investor Stephen Paul, a steelfortune heir whose family is a limited partner in the Pittsburgh Steelers football team, and his wife, Nancy Paul. The couple paid $8.55 million for the property in 2006, property records show. They razed an older home on the site and tapped Backen to design a new house. Backen is known for designing Napa Valley wineries and homes for high-profile clients including Jeffrey Katzenberg and Ashton Kutcher and Mila Kunis, according to listing agent Linda May of Carolwood Estates. Katzenberg sold his Backen-designed house for $125 million in 2020.

Completed in 2015, Villa Oliva is approximately 12,300 square feet with five bedrooms, plus a detached guesthouse that doubles as a poolhouse. The lower level of the main residence contains a gym, billiard room, 1,200-bottle wine cellar and theater with 10 seats. Outside, the 0.85acre property also has a tennis court, infinity-edge pool and an outdoor kitchen.

Backen was noted for the symmetry in his homes, May said. Visitors to the Paul residence walk beneath a glass-walled bridge into a courtyard. There is an olive tree at the entrance that “follows a straight line to the rear garden, with another tree at the end,” she said.

The home’s stone and wood finishes evoke Backen’s work in the Napa Valley and his tendency to use natural materials. There are oak-trimmed plaster walls and reclaimed wood ceilings, as well as limestone and French oak floors. The house has custom steel-framed glass sliding doors, and there are concrete veneer-paneled walls in the dining room and primary bedroom. “They give texture to a lot of the smooth surfaces,” May said.

The couple tapped landscape architect Mark Rios FAIA FASLA to handle the outdoors. The property has a reflecting pool and multiple courtyards and outdoor sitting areas.

Stephen Paul, a descendant of the family that founded the Ampco - Pittsburgh Steel Company is a managing principal of Laurel Crown Partners a Los Angeles-based private-equity firm.

Backen died in July, and the Paul residence is one of few Los Angeles homes he designed, May said.

The Reserve, Holmby Hills | $65,000,000

Art Deco Holmby Hills Estate by Candy London Lists for $65 Million

The lavish home boasts a 226-foot driveway that leads to a carport for up to 15 vehicles

A luxurious 21,000 sq. ft mansion in Los Angeles has hit the market for $65,000,000.

The property, known as The Reserve, is located on a 2-acre private estate in the exclusive Holmby Hills neighborhood on a street that has been home to such celebrities as Frank Sinatra Audrey Hepburn, designer Tom Ford and department store magnates Alfred and Betsy Bloomingdale

Constructed in 1959 and extensively remodeled over the past two decades, The Reserve now consists of a main home and a separate guest house with a total footprint of 21,000 square feet (1,950 square meters) and 10 bedroom suites. There is also a 226-foot (69-meter) driveway and a carport for up to 15 vehicles.

The property also includes a gym and spa, a French Regencystyle cinema with a dozen seats, a Hollywood Art Deco bar, and a playroom with a children’s slide. Extensive outdoor space includes a swimming pool, jacuzzi, tennis court, a grand pavilion and seven water features and fountains.

The mansion was originally purchased for about $24 million in 2013 following a renovation by the actors Kristoffer Winters and Jeremy Renner, the thespian duo that have redeveloped several luxury homes over the years. It’s named The Reserve after an Art Deco eagle ornament that Winters said in a 2013 interview was salvaged from an old Federal Reserve building.

The design firm responsible for the most recent renovation is Candy London, the team behind the world’s most prestigious property development, One Hyde Park: The Residences at Mandarin Oriental The development is located in London’s exclusive Knightsbridge district which is home to some of the world’s wealthiest people.

The listing is held by David Parnes James Harris and Drew Fenton of boutique firm Carolwood Estates

Ocho Manos, Brentwood

Explore a Financier’s $64.5 Million Custom-Built, Mallorcan-Inspired Estate

Set amid 3.5 acres of meadows, rose gardens and sports courts, the palmfringed infinity pool at Ocho Manos is an aquaphile’s dream with what is perhaps a perfect pool — and its elegant Spanish-style cabana and indoor-outdoor bar makes it perfect for entertaining.

Built from Mallorcan stone, the accompanying 20,000 sq ft house offers a double-height living room and library, family bedrooms with homework areas, a guest apartment, separate family and catering kitchens, large gym, 1,200-bottle wine cellar, and even a dedicated gift-wrapping room.

Offered at $64,500,000. Represented by Drew Fenton, CEO and co-founder of Carolwood Estates Bob Ray Offenhauser, architect

$24M Brentwood Mansion Tests Luxe Market’s Pent-Up Demand

Carolwood’s David Parnes is optimistic as a slow summer yields to a “slammed” autumn

Developer Phillip Braunstein and Bond Street Partners’ David Parnes walked through the recently completed property at 1104 Tigertail Road last week. It took a little over five years to get to that point.

The home, which is listed for $23.995 million, covers more than 14,400 square feet. The two-story home was built above grade, meaning there’s no basement, while views of the Getty Center mark the entire length of the 200-foot-long lot. Custom millwork, wood paneling and use of marble and stone round out the home’s finishes.

It took two-and-a-half years to obtain all the permits and another three years of construction for Braunstein and his development company Colossal Properties to bring the six-bed, 10-bath home to life and onto the market in Brentwood’s Crestwood Hills neighborhood. The enclave is known for its Mid-Century homes sitting high above Sunset Boulevard in the Santa Monica Mountains.

The gated property has a herringbone stone motor court, four-car garage, elevator, infinity pool, sauna, theater, gym, wine room and plenty of outdoor deck space.

Topping all that out is a custom artificial intelligence-generated sculpture created by digital artist Beeple, neé Mike Winkelmann. The artist turned heads after Christie’s auctioned his piece, “ Everydays: The First 5000 Days,” for $69.3 million in 2021. The piece, which is not included with the home, marks the artist’s first residential project and first to utilize AI.

For Parnes, the Tigertail listing comes with a chance to ramp up Bond Street Partners — the team within Beverly Hills brokerage Carolwood Estates co-founded by James Harris and himself — as the market bounces back from its summer slowdown.

During the first six months of the year, the two sold about $600 million worth of homes. Then the market slowed in July and August, according to Parnes. “Now, September, we are slammed,” he said.

Last week’s Federal Reserve interest rate cut helped, and further reductions will as well, Parnes said. “The sentiment’s back in the market. There is a lack of inventory, so there is pent-up demand,” he said. “People were waiting for a real clear signal that everything is OK and now it is.”

As a result, he expects the Bond Street team to clear approximately $1 billion in sales this year.

Parnes’ optimism follows a rugged 2023 for the industry and a settling in of the Bond Street team at Carolwood, after joining the brokerage in February. “We find that the Carolwood brand is more aligned with what we are and who we are now because it’s a boutique Beverly Hills office with some of the top agents in the country,” Parnes said. Parnes went on to call out Carolwood’s “sophisticated” branding and marketing as in line with the Bond Street brand.

As for 2025, Parnes is upbeat on luxury and expects, “business as usual.” That’s in part, he said, due to a normalcy that has settled into Los Angeles’ luxury market. After all the headlines around the new rules stemming from the National Association of Realtors settlement and more than a year since the Measure ULA transfer tax went into effect, buyers and sellers are getting back to the market.

“Everything thrown at us, ULA, NAR, it hasn’t stopped us,” Parnes said. “Yes, last year was hard, but interest rates are going down and the fact that ULA is just a cost of sale now, it is what it is. And, as far as NAR, sellers are still choosing, from our experience, to offer commissions ...

At the end of the day, people want to buy real estate.”

9100 Cordell Dr, Sunset Strip | $14,850,000

Hollywood Regency with a Touch of Scandinavian Warmth

When you think of the Hollywood Hills, you think modern façades, whitewashed exteriors, lush greenery in every direction and expansive, breathtaking views—and you wouldn’t be wrong. However for Osklo, it was all about maximising views and embracing opulent, Hollywood Regency architecture, while bringing in a bit more warmth and comfort.

“In the Hollywood Hills, you usually only get an east or west facing views,” explains Osklo principal Michael Martin. “This house has both.” To capitalise on these, and in line with the owners’ vision of ‘framing’ these views, they brought in oversized casement windows.

Originally built in 1948 and rumoured to be an original John Elgin Woolf, the home was first designed by Robert Koch,and then by Waldo Fernandez while the property was owned by the actor Michael York and his wife, Patricia

The current owners decided to reimagine the 5,000-square-foot home. Incongruous elements were stripped back in favour of open, light-filled spaces and a more neutral palette. Today, the home comprises four bedrooms, five bathrooms, and multiple living areas, all on a double lot with a six-car motor court lined in cobbled limestone.

The front of the home features two, symmetrical creamy white blocks edged in black that then give way to a two-story entry that’s framed in plaster and glass. It feels quaint, yet also grand and modern: Hollywood Regency for the 21st century. “We wanted a Scandinavian take on Hollywood opulence,” says principal Arya Martin, “so we mixed rift oak panelling and wide plank floors with matte plaster walls.”

The Martins’ favourite room is the dining room, which is sunken from the kitchen and at pool level, with floor-to-ceiling glass doors on two sides offering views of downtown LA. “We brought in an additional fireplace that we elevated to dining level, so that late-night dinners were surrounding by flickering light on both sides,” says Martin. An oval dining table is surrounded by cosy, shearling-wrapped chairs and a leafy, seven-foot tree in the corner ties to the lush greenery outside.

That welcoming feeling carries through the kitchen and living areas, with the Osklo team introducing higher seat heights and roomier sofas for comfort, as well as muted antique rugs and earth-toned fabrics on furniture. “My favourite room is the kitchen,” says listing agent Davana Fryzer of Carolwood Estates. “I wanted it to be a gathering area for the entire house and also have the feel that it had been there for a while. The panelled cabinetry in rift oak is mixed with a breakfast nook that hugs the architecture of the house. It’s a truly incredible room.”

In the TV room, the same rift oak panelling is complemented by a bespoke marble fireplace and pair of Ico Parisi lounge chairs found outside of Palermo —“one of the best versions of the chairs we have come across,” notes Arya Martin. “We chose a longer mohair that feels like an older woman’s most adored sweater and the legs have a perfect patina.”

The mark of a true home, however, is the feeling it ultimately imparts and ongoing positive feedback from the owners. “Over time, the home should reveal itself with nuances and visual moments layered in [with] new memories and experiences,” says Arya Martin.

4 Yawl St , Marina del Rey | $12,500,000

The Doumani House by Robert Graham

[ PUBLISHED IN 1983 ]

A week after Carol and Roy Doumani asked artist Robert Graham to create a sculpture for the new beach house they were planning, in Venice, California, Graham invited them to his studio, where he presented a wax model, not of a sculpture, but of a house he proposed for the site.

Roy Doumani recalls: “Bob said, ‘I’d like to design the house,’ and I asked him, ‘Have you ever built a house?’ His answer was, ‘No, but I have ideas.’ “ The Doumanis, who had long collected Graham’s sculpture, listened to the ideas, were impressed by his enthusiasm and decided to take the risk. But they did more than agree to his design: Their commitment to seeing the house properly built became so strong that, after trial and error with conventional contractors, they took over the contracting themselves.

Thus the project became a collaboration that has emerged as one of the most provocative and controversial houses of the recent architectural past.

When Graham and the Doumanis met at his studio, the sculptor was really presenting two sets of ideas-one implicit, one explicit. Implicit in the lost-wax model was a sculptor’s approach and sensibility. The exterior architectural skin of the model could have been cast for a bronze of the house as an idea. Graham spoke of the house as a shelter for the human bodythe body that is the central subject of his sculptures. Throughout the design he showed the same con cern for proportion and dimension expressed in his meticulous figura tive bronzes.

He also approached the design as an artist who had long worked in studios: the high ceilings, voluminous spaces, skylights and strong uninterrupted walls of his own studioand the concentration it allows-became the template concept for the Doumani interior.

The explicit idea Graham presented to the Doumanis was that the house should “make occasions for works of art” that would be physically integrated into the structure: “Everything is a possibility-walls, ceilings, doors.” He proposed to find the artists to do murals, mosaics, stained glass windows and architectural features for specific places.

Graham wanted to demystify art by bringing art and artist back from a “self-indulgent, removed and esoteric world” to an everyday living context.

In the Doumani house, the artist would work “in a framework of creative franchise, not in a context of avant-gardism or alienation.” Works of art and the building could be closely associated, without being acts of aesthetic risk or examples of the latest, sharpest cutting edge.

The Doumani structure is at last completed, and it survives its intellectual burden with liveliness. Attention is not forced to the inplace art, which occupies the house without ostentation, each piece responding to the nature of the location.

The full-wall fresco by David Novros, in the entryway, is a color abstraction of the sunsetan abstraction that comes to life when low western sunlight filters through squares of colored glass on the opposite wall.

The engraved glass of the balustrade, by Bengston, refracts southern light. A Joanna Pousette Dart mosaic in the stairwell leading to the roof deck captures light in its glass fragments, with the noon sun.

Robert Graham’s strong columnar figures are positioned to involve the architecture. One taut female bronze picks up an implicit axis in the rear half of the house, firming the line with her own strong frontality. Another nude faces the setting sun with the conviction of an Egyptian statue: The sun’s rays penetrate the house through the large front window and activate the tension of her body.

The spatial clarity and lightness of the house, and the simplicity of the walls, silhouette these figures and turn people into sculptural shapes. Nothing is busy in this interior; in his capacity as architect, Graham anticipated the art and assumed it would give the house detail.

Graham also conceived the house so that it alludes to the human body: a bronze-finished trim around a doorway frames the person walking through it, establishing human scale graphically within the volume of a room.

The handrails, door handles and window latches are also bronze finished, as though the house turns to bronze where the hand touches it. The human being seems to be the link between the bronze sculpture and the house.

Graham emphasizes the human scale in the house in a recurrent step motif by making each run of steps the height of a six-foot person, and each tread a full twelve inches deep. This stepped form is an anthropomorphic reference.

The house is not, however, designed in the image of man-it does not make the human figure into architectural elements or metaphors. The structure remains a cubic shell-abstract and in some ways immaterial.

The Doumanis have underdecorated the house, so that the art and the structure, its light and space, are the environment. They do not want the house to acquire a finished look, nor is it to be finished-it will stay in evolution, an ongoing activity.

Bengston continues to be actively involved, as a friend, design troubleshooter and artist. It is not that the artists involved have made armoires and mosaics before. Bengston had never thought about creating a jet to ripple a pool so that the red mosaic snake at the bottom would wriggle.

All are responding outside their field because, as Graham believes, “an artist is an artist first, and then he accepts a discipline, like sculpture, painting, architecture. This is not to say that everything an artist does is art.”

Like Renaissance artists, contemporary artists can apply themselves to a variety of endeavors. Somehow the in-place art pieces in the Doumani house lose their signatures, no longer possessed by the artists’ reputations. The pieces belong to the house.

Graham did not intend, in this building, to take up current architectural polemics or to indulge art fashion. The sculptor does not try to advance architectonic form conceptually, even though the thinking in this house is fresh: Robert Graham is the first to admit that he “went to school on the house. I now notice how things fit together, how a floor meets a wall.”

Some local architects, who think the architecture could have been better, note that Graham neglected to ask an architect to do a sculpture:

They do not doubt the premise of art within architecture, but they question a cross-disciplinary excursion into another expertise, one that happens to be their own. And artists-sensitive about being left out at the inception of the design-say that the sculptor just became another architect who presented the artists with a building accomplit

But in his first building, Robert Graham has been able to question the premises on which artists and architects have operated during most of this century. In giving art a ground, he has given ground identity from its resident pieces.

The Architect and the artist may not have collaborated simultaneously at the beginning, but architecture and art, in the completed house, work flawlessly together.

4322 Hayvenhurst Ave, Encino | $9,995,000

Meghan Trainor’s Encino Home Lists for $10 Million

After buying DJ Zedd’s Encino mansion, the “All About the Bass” singer has now listed her own property in the area she purchased in 2020

Now that Meghan Trainor has purchased DJ Zedd’s rockstarworthy mansion in the Los Angeles enclave of Encino for just over $17.1 million, the Grammy-winning singer/songwriter’s other San Fernando Valley home has popped up for sale.

The property is listed with Justin P. Huchel of Carolwood Estates who also repped Trainor on her record setting purchase earlier this year. The buy marked the highest residential sale in Encino of the year.

Trainor, known for smash pop music hits like Lips Are Moving and All About That Bass, is asking nearly $10 million for the glitzy digs, which she and her husband, Spy Kids actor Daryl Sabara, purchased from rapper TMG Fresh in late 2020.

Originally built in 1998 but fully renovated from top to bottom during Trainor’s tenure, the white stucco structure is sequestered behind tall gates and hedges and features six bedrooms and eight baths in a little more than 14,100 square feet of multi-level living space. Also on the premises is a two-story detached guesthouse, which sports a gym on the bottom floor, plus a bedroom, a bath, a kitchen, and a living room up top.

Among the main-level highlights is an entry foyer boasting a double staircase, which flows to a pair of formal living rooms.

A fireside family room connects to a gourmet kitchen, which is outfitted with a duo of islands, top-tier stainless appliances, and an accompanying dining area that has sliding glass doors spilling out to the backyard; elsewhere is an office space and a guest bedroom with its own bath.

The amenities continue upstairs, where five additional en-suite bedrooms include a sumptuous master retreat flaunting custom glass doors opening to a separate fireside lounge area with access to a private patio, along with two walk-in closets, and a luxe bath spotlighted by dual vanities, a soaking tub, and a marble-clad shower. A lower-level recording studio with its own entrance is also decked out with a kitchenette and a bath, while a top-floor bonus space is currently being used as a playroom.

As for the park-like grounds, they span just over an acre and host a new swimming pool with a spa, a waterslide, and a waterfall, as well as a firepit, an al fresco dining area, a sports court, a mini-putting green, and an elaborate children’s play space. Also on the premises are an expansive motorcourt and a carport that can accommodate up to 10 vehicles.

In addition to the just-purchased and for-sale homes in Encino, the couple recently splashed out $3.1 million for a newly built modern farmhouse-style home also in the area.

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Nicole Scherzinger’s

Luxurious $6.7 Million

Hollywood Hills Home

The former Pussycat Doll’s Hollywood Hills home has plenty of enviable features—think sweeping views of Los Angeles, a saltwater pool and a wraparound terrace. And now Nicole Scherzinger’s home could be yours

The 4,602 sq ft, four-bedroom, five-bathroom home, which sits on a 5,921 sq ft lot in the Hollywood Hills, has been listed for US$6.7 million.

Described as a “jaw-dropping and masterfully renovated estate”, the property offers “one of the best views in the entire Sunset Strip”—vistas stretch across downtown Los Angeles to the ocean, according to its listing.

Features include high ceilings and gallery walls— Scherzinger had spoken about creating space for commissioned artworks in her home; a wraparound terrace and a saltwater plunge pool. The master bedroom has floor-to-ceiling glass doors that open up to create “a seamless indoor-outdoor sanctuary above the stars”. Other designs include a space that has been transformed into a mirrored gym, a ten-seat cinema with tiered seating and an outdoor bathtub by one of the bathrooms.

The singer, formerly of the pop group The Pussycat Dolls, reportedly bought the home for US$3.76 million in 2016. She had lived in the home on and off throughout the years and also showcased it in the media (most notably for Architectural Digest). The home was reportedly put on the rental market for US$40,000 a month and had also been listed for sale in the past for US$7.95 million. It was originally built in 1990 and has undergone extensive renovations. It is listed by James Harris and David Parnes of Beverly Hills-based Carolwood Estates —the two agents were formerly stars of the Bravo reality show Million Dollar Listing Los Angeles

1942 Lemoyne St , Echo Park | $3,450,000

Echo Park Property with Landscapes by AD100 Firm Asks $3.45 Million

Indoor-outdoor living is one of the greatest perks of Los Angeles living, and there’s perhaps no architectural style better suited to the lifestyle than modernism. One Echo Park property that fully embraces the genre is now on the market with an asking price of $3.45 million.

Designed by the founder and principal of architectural office Radar Inc. Rachel Allen AIA FAAR , the three-bedroom, two-bathroom home is surrounded by vegetation curated by AD100 landscape design firm Terremoto. Large windows in almost every room allow glimpses of greenery to serve as artwork in each space.

Above the staircase that connects the upper and lower levels, a long row of skylights reveals a view of a mature tree. Most of the finishes are either white or wood, limiting the distraction from the natural features. Stone walking paths lead to additional garden spaces, a pool, and an additional structure (designed by Thinc Los Angeles) that currently serves as an artist’s studio.

Terremoto was founded by principals David Godshall and Alain Peauroi with a simple premise: “We wanted to create projects that are about ideas and philosophy—gardens as an expression of culture,” explains Godshall, who oversees the company’s Los Angeles operation in Echo Park while Peauroi directs the San Francisco office.

Terremoto has recently worked its magic at California’s famed Sea Ranch Lodge, Two Bunch Palms in Desert Hot Springs, and The Native hotel in Malibu. On the residential side, they’ve created gardens for Mandy Moore Devendra Banhart and a host of other boldface names.

The listing is held by Jonah Wilson of Carolwood Estates

listings priced $8 Million and below from our current luxury inventory.