The Luxury of Home, 4th Edition

Page 217

Á

CAPTIONS

01.The City of Angels features a dynamic downtown skyline. 02.California sunsets are serene and ideal for walks along the pier at Manhattan Beach. 03.The picturesque Bel-Air entrance gate speaks to the glamour of Los Angeles.

01

are being replaced by state-ofthe-art theaters and gyms. History has shown that Beverly Hills real estate will continue to

02

03

improve and get better. This means that, likely, in five to 10 years, home prices could again double.” No real-estate firm understands the nuances of the intricate Los Angeles market quite like Hilton & Hyland, which works with some 90 agents to deliver an unparalleled range of personalized services to its A-list clients. “Real estate is a people business,” says Hilton, whose grandfather founded the Hilton Hotel empire. “To succeed, you must have connections and a strong network. It’s also imperative to know your inventory inside and out.”

RECENT TRENDS

d

market for homes under $10

Board of Realtors, many

million remains healthy and

buyers are veering toward

active. The influx of tear-down

contemporary design with

homes has led to the

state-of-the-art features,

construction of lavish spec

including the latest smart-home

estates, a trend that concerns

technologies, appliances and

Hilton & Hyland. “Developers

luxury finishes. “But one of the

are buying more land than

great things about Beverly Hills,

we’ve ever seen,” says Hyland,

and Los Angeles in general, is

who counts a 120-acre site

the abundance of different

behind The Beverly Hills Hotel

styles; the architectural

(which he sold to Microsoft

landscape is incredibly diverse,”

co-founder Paul Allen), among

Hyland says. “In our market,

his most memorable sales. “This

space is also key. The size of the

has led to prices increasing, and

estate can add a tremendous

we’ve yet to see whether or not

amount of value to homes,

there are enough buyers for

because a large parcel gives

+ Bel-Air

these homes.”

the owner freedom to build

+ Sunset Strip

their dream home.”

+ Malibu

While buyers and sellers of high-end homes have

MODERN TOUCH

been cautious regarding the

According to Hyland, a past

post-election economy, the

president of the Beverly Hills

H O T- S P O T NEIGHBORHOOD

The renowned pockets of fun, sun and affluence in Southern California offer homeowners an array of conveniences—from destination shopping and dining to coastal access and thriving nightlife scenes. In addition, multimillion-dollar residential options abound in some of the country’s most desirable ZIP codes.

+ Beverly Hills

+ Pacific Palisades | hiltonhyland.com

+ Brentwood

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