Following its recognition as the 2025 Best of the Emerald Coast Real Estate Brokerage, Corcoran Reverie continues its record-setting momentum with one of 30A’s fastest and highest Gulf-front sales of the year.
Santa Rosa Beach, FL, October 27, 2025 (Newswire.com)
– Corcoran Reverie proudly announces the sale of 756 Blue Mountain Beach Road, a landmark Gulf-front residence once owned by former Arkansas Governor Mike Huckabee, and enhanced by over $1 million in renovations prior to the sale. The transaction represents the highest Gulf-front sale on 30A’s West End by an individual agent this year and the second-highest overall Gulf-front sale on the West End year-to-date.
Listed and sold by Hilary Farnum-Fasth, Broker and Owner of Corcoran Reverie, the property went under contract in just 20 days – more than 55% faster than the average days on market for Gulf‐front homes this year. The sale also achieved the highest list-to-sales price ratio among all $10 million-plus Gulf-front transactions year-to-date, reinforcing Farnum-Fasth’s market leadership and the firm’s reputation for exceptional results.
“Every exceptional sale tells the story of vision meeting precision,” said Hilary Farnum-Fasth. “This transaction reflects not only the continued strength of 30A’s luxury market but also the trust our clients place in our team’s deep market knowledge and dedication to elevated service. At Corcoran Reverie, we’re proud to help shape the standard of what exceptional representation looks like along the Gulf Coast.”
This record-setting sale further cements Corcoran Reverie’s role as a dominant force in Florida’s luxury real estate market. With offices spanning 30A, Destin and Greater Nashville, the brokerage continues to define quiet luxury through sophisticated marketing, data-driven strategy, and a standard of service synonymous with the Corcoran brand promise: Live who you are.
About Corcoran Reverie
Corcoran Reverie is a premier real estate brokerage and an affiliate of Corcoran Group LLC – a leading residential real estate firm headquartered in New York City. Across its network of more than 150 offices and 4,900+ agents worldwide, the Corcoran brand has been a leader in residential real estate for nearly 50 years, serving key urban, suburban, and resort markets internationally, including the Bahamas, Cabo, Portugal, and Italy. Locally rooted in Florida and Tennessee and globally connected, Corcoran Reverie is proud to have been recognized as a 2024 RealTrends Top 500 brokerage and the 2025 Best of the Emerald Coast Real Estate Brokerage. For more information, visit corcoranreverie.com.
All statistics are sourced from the Emerald Coast Association of Realtors (ECAR) as of October 27, 2025.
With Roots in Birmingham and Charleston and a Shared Dedication to Client Service, The Gettings Group Brings Fresh Perspective to the 30A Luxury Market
SEAGROVE BEACH, FL, August 12, 2025 (Newswire.com)
– In a move that reinforces Corcoran Reverie’s ongoing growth and strategic expansion along Florida’s Emerald Coast, The Gettings Group, led by respected industry leaders Josh Gettings and Frankie Silver, has officially joined Corcoran Reverie. This partnership marks a powerful alignment of shared values, client-first service, and coastal market momentum – further amplifying Corcoran Reverie’s presence throughout South Walton and 30A.
Josh Gettings began his real estate career in Birmingham, Alabama, where he quickly earned a reputation for client-focused service and results-driven performance. His transition to Charleston, South Carolina, marked a pivotal chapter – managing residential construction for a nationally renowned builder before returning to full-time real estate with a well-rounded, design-savvy perspective.
Frankie Silver brings a complementary strength to the team. With a background rooted in real estate, interior design, and a deep love for community, she has mastered the art of helping clients not only find properties – but reimagine what’s possible within them. Together, Josh and Frankie have cultivated a dynamic partnership grounded in trust, strategy, and impeccable taste.
“Josh and Frankie bring a level of dedication, professionalism, and heart that aligns beautifully with who we are at Corcoran Reverie,” said Hilary Farnum-Fasth, broker-owner of Corcoran Reverie. “Their ambition and integrity are evident in every interaction. I’m proud to welcome them and excited to see what we’ll build together.”
Frankie Silver added, “It’s rare to find a brokerage that understands how important both results and relationships are. With Corcoran Reverie, we’ve found a platform that allows us to grow while staying true to who we are.”
Known for its integrity, strategic insight, and elevated approach to real estate, The Gettings Group’s transition to Corcoran Reverie reflects a shared philosophy – where white-glove service meets innovative tools, global reach, and a deeply local understanding of the market.
“We’re incredibly excited to join Corcoran Reverie,” said Josh Gettings. “This partnership allows us to continue delivering the kind of high-touch service our clients value – now backed by a brand that elevates everything it touches.”
With offices spanning Northwest Florida and Greater Nashville, Corcoran Reverie is known for curating elevated real estate experiences at the highest level. The addition of The Gettings Group not only strengthens the brokerage’s position along 30A – it also highlights its ongoing commitment to recruiting the industry’s most driven and client-focused professionals.
About Corcoran Reverie
Corcoran Reverie is a premier real estate brokerage and an affiliate of Corcoran Group LLC – a leading residential real estate firm headquartered in New York City. Across its network of more than 150 offices and 4,900+ agents worldwide, the Corcoran brand has been a leader in residential real estate for nearly 50 years, serving key urban, suburban, and resort markets internationally, including the Bahamas, Cabo, Portugal, and Italy. Locally rooted in Florida and Tennessee and globally connected, Corcoran Reverie is proud to have been recognized as a 2024 RealTrends Top 500 brokerage. For more information, visit corcoranreverie.com.
Two Los Angeles Superior Court lawsuits, while ultimately filed this month for different reasons, offer similar claims against Douglas Elliman and some of its executives, accusing the brokerage’s California businesses of engineering kickbacks for select agents and rule-bending to the benefit of the Altman Brothers Team.
The brokerage isn’t sitting quietly by and smacked back in a lawsuit of its own last week.
The in-fighting in L.A. court places Douglas Elliman’s California business under a microscope amid scrutiny of its national operations with the abrupt departure of CEO Howard Lorber.
Former Newport Beach office Executive Manager of Sales Christina Carrillo and William Grasska, former president of Douglas Elliman’s Portfolio Escrow, each describe in their lawsuits incidents of credits not being reported on closing statements leading to inflated commissions for some agents.
Carrillo, who resigned earlier this month, also accuses the Altman Brothers — helmed by brothers Josh Altman and Matt Altman — of soliciting clients from other agents’ and brokers’ active listings. The Altmans are not named as defendants in any of the litigation.
When Carrillo’s concerns about the Altmans were brought up to Western Region CEO of Brokerage Stephen Kotler, she received pushback, her lawsuit said.
“Enough Christi. I have made millions from the Altman Brothers, so shut up. If other agents and brokers get fucked over, I don’t care, so be it,” the lawsuit alleges Kotler said.
Carrillo did not respond to requests for comment.
She’s suing Douglas Elliman of California and Douglas Elliman of California Financial, along with Kotler for sexual harassment and retaliation, among other allegations.
The brokerage and Kotler declined comment. Josh Altman did not respond to a request for comment.
Grasska alleges similar rebuke from the company when it came to allegations of managers at the brokerage’s Portfolio Escrow business being asked “to inflate a closing statement to allow the Altmans to earn more commissions,” the lawsuit said.
Grasska, who started Portfolio Escrow in 2009 and sold it a decade later to Douglas Elliman, did not respond to requests for comment.
The executive’s lawsuit is against Douglas Elliman’s California brokerage and financial subsidiaries, in addition to Kotler, escrow officer Melinda Topete, Western Region Chief Operating Officer of Brokerage William Begert and escrow officer Renee Mills. He’s suing for retaliation, breach of contract and defamation, among other accusations.
Topete and Mills did not respond to requests for comment.
Grasska’s suit includes broader allegations against his former escrow company, which he said in his lawsuit is currently under audit by the California Department of Financial Protection and Innovation.
A DFPI spokesman declined to comment on Grasska’s audit allegation.
Grasska alleges agents were incentivized with higher commissions and marketing spend increases to use Portfolio Escrow, without disclosure to customers.
Pushing back
Douglas Elliman views the situation differently and said in a lawsuit of its own filed last week in L.A. Superior Court that Grasska was under investigation for kickbacks, in addition to charging “expensive meals and lavish hotel stays” on his corporate credit card and creating a 1031 exchange company called Sienna Financial that violated his non-compete agreement with the firm.
Part of the investigation, the brokerage alleges, found that Grasska was working with one of Portfolio Escrow’s accountants to create fake invoices for services never provided.
“This scheme was designed to illegally obtain money belonging to Portfolio to pay off penalties assessed by the IRS” that Grasska needed to deal with a “personal transaction he carelessly ran through Portfolio,” the brokerage’s lawsuit said.
Added to that are accusations Grasska conspired with a “real estate broker that is now a star of a reality television show” to pay the broker kickbacks in exchange for business, Douglas Elliman alleges.
The firm is suing the escrow executive for breach of contract, civil embezzlement, fraud and negligence, among other complaints. It also hinted additional lawsuits “are being prepared against Bill Grasska’s co-conspirators,” while also stating in court documents the DFPI, California Department of Real Estate, Los Angeles Police Department and Internal Revenue Service have been notified.
The California drama plays out against the background of the executive shakeup at Douglas Elliman, starting with Lorber’s departure last week. The company said in an announcement on the leadership change that Lorber was retiring, adding in a Securities and Exchange Commission filing the exit had nothing to do with any disagreement. The Wall Street Journal reported the CEO was pushed out amid a board probe into the brokerage’s broader workplace culture and accusations of sexual assault by former Douglas Elliman brokers and brothers Tal and Oren Alexander.
Michael Liebowitz now helms the brokerage as chair and CEO. Liebowitz announced more change within the ranks on Monday when staff and agents were informed of Douglas Elliman Real Estate CEO Scott Durkin’s immediate departure to “pursue new opportunities,” according to the email announcement reviewed by The Real Deal. A filing with the Securities & Exchange Commission states Durkin was terminated.
An attorney for Durkin, John Singer, told TRD this week Durkin “never at any time engaged in conduct justifying a termination, nor was he ever apprised that his employment was in peril.”
Read more
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Elliman terminates brokerage CEO Scott Durkin
Elliman’s board pushed Howard Lorber to resign over culture concerns
Superstar L.A. agent Tomer Fridman has taken his team to Aaron Kirman’s Christie’s International Real Estate Southern California.
Fridman announced the news on social media Wednesday, putting an end to questions of where the luxury agent would take his business following his abrupt departure from Compass last Friday. He joins Christie’s International Real Estate Southern California as executive director of private wealth and luxury estates. He and his team with bring about $1 billion in listings to their new agency.
The Beverly Hills-based brokerage is helmed by CEO Aaron Kirman, who launched the business in 2022. Fridman joins a brokerage that also includes other high-profile agents, including Cindy Ambuehl, Shelton Wilder, Timothy Prizito and Dalton Gomez.
Fridman’s team, The Fridman Group International, adds 12 people to the brokerage. That includes his mother Isidora Fridman, who is also the founding partner of Israel Sotheby’s International Realty.
Fridman declined to comment further on his move through a Christie’s International Real Estate Southern California spokesperson.
But in his social media announcement, he cited his new brokerage’s global brand and international reach, giving “clients an elevated experience tailored to their evolving needs.”
“I am grateful to Compass for the remarkable journey we’ve had together that allowed my brand to grow from Calabasas and Hidden Hills to Beverly Hills and the Platinum Triangle,” Fridman said in his post. “Those years laid a strong foundation, and I am proud of everything we accomplished.”
Fridman went on to say he had been considering the move “for some time.”
He also shared that he and Compass agent Sally Forster Jones would continue “our very successful collaboration with even broader reach and influence.”
Fridman and Forster Jones began building a mega team this year, merging their respective groups in April to form Jones Fridman International. They added the seven-person Straser Silicon Valley team in June to expand into Northern California luxury markets such as Atherton, Palo Alto and Menlo Park. At the time, Jones Fridman counted 45 agents with $25 billion in sales.
At the time of the Straser merger, Fridman and Forster Jones told The Real Deal that they were also looking at markets such as New York, Miami, Nashville, Montecito, Aspen and Orange County for expansion.
An abrupt shakeup of their group occurred Friday when Parker Beatty, Compass regional vice president of Southern California and Hawaii, announced to staff and agents Fridman’s departure from the firm. The split was effective immediately, according to the email announcement reviewed by TRD.
Compass declined comment Monday on Fridman’s departure. Forster Jones did not return a call seeking comment.
Fridman made a name for himself in L.A.’s luxury market with a high-profile client roster that has included Khloe Kardashian, boxer Sugar Ray Leonard, former BCBGMaxAzria Group chief creative officer Lubov Azria, Sylvester Stallone and Pamela Anderson.
Read more
Tomer Fridman out at Compass
Aaron Kirman shelves AKG name in brokerage rebrand
UCLA sports benefactors Nahum and Alice Lainer have listed their Beverly Park estate for $26.5 million, marking the first time the property has gone up for sale.
The Lainers built the roughly 8,000-square-foot home at 28 Beverly Park Terrace in 1995, one of the first houses constructed in the gated community that’s home to celebrities such as Adele, Rod Stewart, Denzel Washington and Justin Bieber.
Coldwell Banker Realty’s Steve Frankel, who has the listing, described the property as Palladian and reminiscent of a Tuscan villa.
28 Beverly Park Terrace (Anthony Barcelo)
The Mediterranean-style home sits on a 2.7-acre lot with four beds and seven baths. A pool, gardens, fruit trees and enough space for 10 cars are among the estate’s amenities.
Frankel, who spoke with The Real Deal Friday morning just ahead of showings at the property, said it has attracted strong interest.
“We are getting so much activity on it because we are priced right,” Frankel explained. “For you to be able to buy into Beverly Park at this price point is rare and hasn’t happened in years.”
28 Beverly Park Terrace (Anthony Barcelo)
Last year, Mark Wahlberg’s home in the gated neighborhood sold for $55 million, after originally asking nearly $88 million in 2022. Sylvester Stallone sold his Beverly Park mansion last year to Adele for $58 million. The home originally listed for $110 million in 2021.
Most recently, a 16,000-square-foot mansion at 51 Beverly Park Way, with a $48.5 million ask, went into contract. In May, a 28,500-square-foot mansion at 73 Beverly Park Lane was listed for $89.9 million. There’s also the 23 Beverly Park Terrace home owned by Rod Stewart, which hit the market last June. It saw a price cut to $74 million in February before being taken off the market, according to Zillow.
Their home listing is the latest real estate move this year by the Lainers.
In March, the two paid $7.8 million for Unit 20C at the Wilshire House in what marked, at the time, Los Angeles County’s priciest condo sale. The 5,400-square-foot unit spans the entire floor of the ritzy luxury tower and has three beds and five baths.
The philanthropic couple are long-time supporters of UCLA’s athletic program. They met while earning their undergraduate degrees at the school and cheered for the Bruins basketball team on their second date. Their contributions to the college include establishing a UCLA men’s basketball scholarship program in 1990 and going in with a group of other supporters on a fund focused on recruiting top coaching talent.
In recognition of their gifts, UCLA’s athletic director’s formal job title is The Alice and Nahum Lainer Family Director of Athletics.
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“Million Dollar Listing Los Angeles” star Josh Flagg is under contract to purchase the Trousdale Estates home of Charlie Puth, The Real Deal has learned.
Flagg, an agent with Compass, negotiated for the singer-songwriter’s Beverly Hills Mid-Century Modern home in an off-market deal, according to sources. The price was not disclosed.
The “We Don’t Talk Anymore” singer paid $9 million for the 4,439-square-foot property in 2017.
Puth originally placed the four-bed, four-bath home at 1875 Carla Ridge on the market in November 2023 with a nearly $17 million ask. It saw a series of price reductions throughout this year, with the most recent ask at just under $11 million before the listing was pulled from the market in July.
Flagg did not respond to a request for comment late Tuesday.
Architect Rex Lotery built the 1965 home, according to listings for the property. It comes with history, having served as a gathering place for advisers to President Ronald Reagan and socialite Janet de Cordova and her husband and “The Tonight Show with Johnny Carson” producer Fred de Cordova.
Carla Ridge, if closed, would add another notch in Flagg’s expanding real estate portfolio.
He currently resides on Strada Corta Road in Bel-Air’s lower East Gate, often referred to as Old Bel-Air.
Flagg also bought 605 North Alta Drive in Beverly Hills in 2018 for just under $6 million, according to property records. He sold the property in 2022 for $8.1 million.
In addition, Flagg purchased 710 North Bedford Drive in Beverly Hills, paying $8.4 million for it in 2022.
Beyond Los Angeles, Flagg spent $4.3 million, with business partners Adam Rubin and Andrew Shanfeld, for 4727 North Bay Road in Miami. He’s also said to be eyeing multiple properties in New York with his father Michael Flagg.
Read more
Judy Garland’s former Bel Air home sells for $11M
“Million Dollar Listing” star Josh Flagg pays $9.2M for Beverly Hills pad
Residential
South Florida
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Billionaire hedge fund manager Jeffrey Feinberg has tried for two years to sell his 20,000-square-foot Brentwood mansion. With no takers, he decided to list it for rent — at $250,000 a month.
The head of Feinberg Investments has listed the four-story mansion for rent at 1047 North Bundy Drive, according to the Robb Report. The listing is held by Dan Malka of Engel & Völkers.
Feinberg bought the seven-bedroom, 11-bath spec home built by Ramtin Ray Nosrati in June 2021 for $44 million — or $1 million above its asking price.
A year later, he tried to flip the property overlooking the Getty Center for $48 million, without success. He then relisted the property in late 2022 for $43 million, then dropped it to $38 million.
The hilltop mansion tucked along a private cul-de-sac may be best known for its blue-and-gold basketball court, a tribute to the late Laker Kobe Bryant, plus a 10-car auto showroom, sports simulator and 1,000-gallon aquarium.
The hedge-fund executive and longtime basketball fan had moved from Hidden Hills to the lofty home with sweeping views — but before the sale closed, he asked that its rooftop cannabis garden be replaced by cucumbers and carrots.
The three-story, split-level home includes a soaring living room with a floating curved staircase accented by a custom chandelier, flanked by a living moss wall that goes down to a succulent garden.
It includes a TV wall, sports-simulator room, three-hole putting green, basketball court and two swimming pools.
The 1.3-acre compound also includes a 10-car auto showroom with floor-to-ceiling glass walls that open to a den, an office, hair salon, a bar with a nine-TV video wall and a 1,000-gallon dual-sided aquarium.
There’s a two-story guesthouse and a movie theater with a starlight fiber-optic ceiling. And for $250,000 a month, a renter could access its “250 bottle wine cellar,” according to the listing, though it’s unclear whether the rental comes with bottles.
Feinberg, a former managing director at the George Soros-founded hedge fund-turned-family office Soros Fund Management, once had his own investment firm. The $1 billion JLF Investment Fund shuttered some years ago, according to Robb.
The early bitcoin trader now operates Feinberg Investments, a limited partnership that invests his personal wealth.
In late 2019, he sold his $15 million Hidden Hills mansion to YouTube celebrity Jeffree Star. He also once owned a compound on Malibu’s Point Dume, which was sold for $21.8 million in early 2021 by his ex-wife, Stacey Feinberg.
On Santa Monica’s Gold Coast, Feinberg also put an oceanfront house on the market last year for under $11 million, or $1 million less than he paid in 2019.
— Dana Bartholomew
Read more
Hedge fund billionaire Jeffrey Feinberg looks to flip Brentwood spec mansion
Hedge funder picks up massive Brentwood spec mansion from Ramtin Ray Nosrati
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George Clooney is handing over the keys to his Studio City home after selling it for $14.5 million on Friday.
The home at 3240 Iredell Lane is located in Studio City’s Fryman Canyon area, a woody neighborhood flush with exclusivity and gated estates.
The mystery buyer was someone from the entertainment industry, according to a source with knowledge of the deal.
Westside Estate Agency co-founder Kurt Rappaport represented Clooney. Carolwood Estates’ Kevin Dees represented the buyer.
Rappaport and Dees both declined comment on the deal.
Clooney was a long-term holder of the estate.
The actor paid Fleetwood Mac’s Stevie Nicks $2.2 million for it in 1995, a year after Michael Crichton’s “ER” series on NBC began airing and propelled Clooney and many of his co-stars to fame. Clooney starred in the medical drama for five seasons.
“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 of his decision to buy the home in a 2012 episode of CBS’ “Person to Person.”
The Studio City property is just one part of a larger portfolio of homes in New York, Italy and France owned by Clooney and wife Amal.
The six-bed, six-bath main house totals over 7,000 square feet and sits on more than 3 acres, according to Zillow. There’s also a sports court and 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.
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If last week was any indication, it will be a busy fall for Los Angeles County’s luxury market.
Signed contracts for the week ended Sept. 22 spiked nearly 42 percent from the prior seven-day period to $157.5 million in volume, according to the Eklund Weekly Luxury Report LA.
Douglas Elliman’s Eklund Gomes team counted 24 new contracts last week based on data pulled from the MLS of homes in L.A. County listed at more than $4 million. That compares with 14 contracts signed in the prior reporting period.
Last week’s single-family home contracts were led by the five-bed, eight-bath home at 606 North Rexford Drive in the Beverly Hills Flats neighborhood. It has an asking price of $15.8 million.
The 7,602-square-foot, newly developed property boasts smart home technology, a gated entry, a chef’s prep kitchen, pool and pool house.
The owner is a South Gate-registered LLC, according to property and state records.
The Beverly Hills Estates’ Rayni Williams, Branden Williams, Victoria Risko and Jennifer Puz have the listing.
Overall, in Los Angeles County, the 23 single-family homes that went under contract last week averaged $1,325 per square foot, according to the Eklund report. That compares with $1,273 per square foot in the prior reporting period.
One townhome contract for a Santa Monica property was inked last week, breaking a two-week streak of no activity in the county’s condo and townhouse segment.
Unit one at 10 Ocean Park Boulevard is listed at just under $6 million by Douglas Elliman’s David Solomon and Anna Solomon.
Property records show the seller is a trust tied to Lithia Motors Chairman Sidney DeBoer. Lithia owns dealerships in L.A. County, most famously the Keyes Auto Group franchises in Van Nuys and Mission Hills.
The Ocean Park townhome originally hit the market in May with a $6.7 million ask.
A floating staircase connects the 3,846-square-foot home’s two floors. It features four beds and five baths, ocean views, an elevator and a two-car garage.
Read more
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“Figuring it out.” That could become the theme of Los Angeles’ luxury residential market this year.
Brokers said as much on Thursday, when some of the market’s top agents took the stage to talk about how they’re navigating current headwinds and closing deals. The agents spoke during the “Pushing Luxury Limits” panel that was part of The Real Deal’s LA Real Estate Forum at the Beverly Wilshire.
Panelists were quick to start their talk with the biggest news this year in the rules stemming from the Sitzer-Burnett class action settlement in Missouri federal court. The National Association of Realtors rules, which went into effect Aug. 17, require buyers to sign a representation agreement prior to being shown a property and allow no buyer commission information on the Multiple Listing Service.
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott and Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May and Christie’s International Real Estate Southern California’s Aaron Kirman (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones and Carolwood Estates’ Linda May (Photos by Paul Dilakian)
TRD’s Stuart Elliott and Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
Christie’s International Real Estate Southern California’s Aaron Kirman (Photos by Paul Dilakian)
Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott and Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May and Christie’s International Real Estate Southern California’s Aaron Kirman (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones and Carolwood Estates’ Linda May (Photos by Paul Dilakian)
TRD’s Stuart Elliott and Jones Fridman International & Associates’ Sally Forster Jones (Photos by Paul Dilakian)
Christie’s International Real Estate Southern California’s Aaron Kirman (Photos by Paul Dilakian)
Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May (Photos by Paul Dilakian)
TRD’s Stuart Elliott, Jones Fridman International & Associates’ Sally Forster Jones, Carolwood Estates’ Linda May, Christie’s International Real Estate Southern California’s Aaron Kirman and Coldwell Banker Realty’s Kamini Lane (Photos by Paul Dilakian)
Aaron Kirman, CEO of Christie’s International Real Estate Southern California, shared what he has seen on the buy and sell side since Aug. 17.
“When I’m going to listing appointments, every time now, the seller thinks that they don’t have to pay compensation,” Kirman said during the panel.
On the other side of negotiations, Kirman said he has not had a difficult time getting buyers to sign the representation form as long as they believe the seller is paying for commission.
It’s all part of a larger education process taking place, other panelists said.
“You never had to tell people what we did,” Carolwood Estates’ Linda May said of the learning curve for many in the industry as they convey to clients the work that goes into selling and buying a house.
Sally Forster Jones of Compass’ Jones Fridman International & Associates echoed that sentiment.
“On the buyer side, that’s a little more challenging because … it’s all about articulating your value and if you don’t know what your value is, it’s going to be more of a challenge,” she said. “There have always been those buyers who really want a deal. There’s going to be those buyers that still want a deal.”
Measuring Measure ULA
Another education process — perhaps less advanced than NAR’s new rules — involves Measure ULA.
Voters approved the ballot measure instituting a transfer tax on commercial and residential deals within the city of Los Angeles. The tax went into effect in April last year and currently applies a 4 percent tax on transactions of $5.15 million and a 5.5 percent tax on those of $10.3 million or more.
ULA was billed and continues to be referred to as a “mansion tax,” but the panelists underscored how misleading the label is in getting the public to understand the implications of the tax.
“They angled smart; I think it’s a horrible thing,” Kirman said of how the ballot measure was marketed. “But I’ve got to give that guy credit or girl credit for using that term because it got through, but it never should have.”
May pointed out how little has been discussed in the way of Measure ULA’s impact on development.
“We’ve had more people walk off fabulous opportunities on land sales, dirt sales, where a developer turned around and said, ‘I don’t know what my exit’s going to be. I’m taking a pass,’” May said.
When public discourse turns to how much money has been collected from Measure ULA and how those funds are being used, that’s when there’s a chance for change, said Coldwell Banker Realty CEO Kamini Lane.
“I think when we get to the moment in time where the devil is in the details and the public at large actually cares about the details of ULA, that’s when there’s actually a chance,” Lane said. “When there is a conversation about where’s the money going? What is the tradeoff between money generated and money lost for jobs, for housing, for housing availability, I think that’s a moment in time where we can actually have a much more nuanced and forward-thinking conversation.”
Getting deals done
Despite the current challenges, brokers in the luxury space say they’re dealing with different client dynamics. While much has been said about the impact of high interest rates on residential sales, stock market sentiment holds more weight for many high-net-worth clients.
“On the luxury buyer, what’s really much more important to them is what’s going on in the stock market,” Forster Jones said. “Are they feeling wealthy or are they feeling poor?”
Kirman said the emphasis at his brokerage has been a focus on who is actively buying at the moment.
For Christie’s International Real Estate Southern California, about 80 percent of the people buying properties worth $25 million or more have come from China, Taiwan, Singapore and other Asian countries.
In Carolwood’s case, 80 percent of the brokerage’s deals in excess of $20 million this year have come from domestic buyers, May said.
Ultimately, each brokerage’s sphere of reach and focus differs.
“I always say, as real estate agents, we go where the money is,” Kirman said. “And the goal is to get those people before they get to us.”
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Emmy-nominated filmmaker Lyn Lear nabbed a secluded pad in Los Angeles’ Hollywood Hills, paying $24 million for the contemporary estate.
Property records show a trust tied to Lear, widow of the late screenwriter and television producer Norman Lear, bought the home in an off-market deal that closed earlier this month.
The seller is an LLC tied to EPIQ Capital Group, according to property and state records. The San Francisco-based firm serves as a financial advisor to family offices. It launched in 2018 to serve clients with a net worth of more than $100 million.
Westside Estate Agency’s Kurt Rappaport represented the seller. Carolwood Estates’ Cooper Mount and Westside Estate Agency’s Jonas Heller represented the buyer.
The five-bed, nine-bath home totals 10,300 square feet. The property boasts plenty of privacy, set behind gates and large hedges.
Highlights include a theater, wine cellar, gym and an office consisting of reclaimed French oak.
The workspace should come in handy for Lear, who wears several hats. Her film credits this year alone include executive producer on the documentary series “The Man Will Burn,” “True Believer” and “Mrs. Robinson.” She was a producer on “Narcissist Playbook.”
She also sits on several boards, including as a trustee of the Sundance Institute Board of Directors, the Los Angeles County Museum of Art board and the Norman Lear Center at USC Annenberg’s School for Communication and Journalism.
Elsewhere in the Hollywood Hills this year, Ariana Grande sold her nearly 1,600-square-foot cottage at 9300 Flicker Way to Bad Bunny (née Benito Antonio Martínez Ocasio) for $8.3 million in January. Among the area’s listings is the $35 million ask of Henrik Fisker, founder of bankrupt electric vehicle maker Fisker, for his 11,800-square-foot home at 1305 Collingwood Place. The contemporary home went on the market in June.
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A mystery buyer has landed a deal on a Bel-Air spec mansion that was, at one time, asking $100 million.
The more than 30,000-square-foot mansion at 10979 Chalon Road ended up selling for $26 million.
Developer Don Bolin, who built the property, was the seller. The buyer was a Corona, Calif.-based entity called Edud Investments LLC, according to property records.
It has ties to Kionna Tiffith and a Studio City property at 4215-4225 North Coldwater Canyon Avenue, according to an application submitted to Los Angeles City Planning last year for a zone change and construction of a three-story commercial building. Plans indicated the new building would include multiple office spaces, a conference room, lounge and studio.
Bolin’s sister Arline Bolin at The Turtlestone Group last held the listing for the property. It’s unclear what agents, if any, were involved in the transaction. Arline Bolin did not respond to requests for comment.
The Chalon Road mansion includes multiple bar spaces, a theater, wine cellar, putting green, enough parking for 60 cars, sport court and infinity pool, per marketing materials for the property when it was relisted for $65 million last year.
The spec mansion turned heads when it hit the market with a $100 million price tag in 2017. Over the last seven years, it alternated on and off the market, each time with a reduced price.
Don Bolin paid $1.2 million for the site in 2012, according to property records, and then spent the next five years building the property.
“It [was] a lot of work,” he told The Real Deal when the property first hit the market. “It turned out real nice, but it took up so much of my life.”
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Leaving town early last week for the Labor Day holiday didn’t appear a likely option for luxury residential agents.
Los Angeles County saw a jump in signed contracts for homes worth $4 million or more to 28, for the week ended Sept. 1, according to the Eklund Weekly Luxury Report L.A. The contracts during the unofficial last week of summer amounted to $243.7 million.
The report counts properties in the MLS with asking prices of $4 million or more.
The totals are up from the prior week’s 18 homes under contract for a little more than $156 million. They’re also the highest since Douglas Elliman’s Eklund Gomes team began producing the weekly report in June.
Beverly Hills properties held the No.1 and No. 2 spots for last week’s roundup. Agents have said the city has benefited by not falling under the City of Los Angeles’ Measure ULA, often referred to as the mansion tax, which applies a 4 percent transfer levy on properties sold for $5.15 million or more, or 5.5 percent on those $10.3 million or more.
Last week’s top contract by listing price was 1240 Shadow Hill Way. It has an asking price just under $25 million, the same as when it debuted on the market in May.
Property records show the seller is Nahor Properties, which state filings show is led by Rohan Oza. The “Shark Tank” cast member is credited with building the Vitaminwater and Smartwater brands under parent Glacéau, which he joined in 2002 as partner and CMO. Oza later went on to co-found CAVU Venture Partners in 2016.
The Beverly Hills Estates’ Rayni Williams and Branden Williams have the listing.
The contemporary-style home sits on more than half an acre with six beds and seven baths. It has an 80-foot pool, double-gated motor court, home theater and guest house.
The week’s second-largest home under contract is 814 North Whittier Drive in the Beverly Hills Flats neighborhood, with a listing price just under $18 million.
The seller is a trust tied to Los Angeles socialite Crystal Moffett Lourd, according to property records.
Carolwood Estates’ Andrew Rhoda, along with Christie’s International Real Estate Southern California’s Alex Howe and Weston Littlefield, have the listing.
The property originally went on the market in late May for just under $20 million.
The home sits on nearly half an acre and totals five beds and eight baths across 7,861 square feet. The traditional-style home has a kitchen with professional-grade appliances, saltwater pool, BBQ area and court for various sports.
Single-family homes continued to dominate the market’s activity, accounting for 26 of last week’s 28 contracts, according to the Eklund report. Those homes were on the market for an average 118 days with the price per square foot averaging to $1,377.
The week’s remaining two contracts were condos, with the units available for an average of 64 days and an average price per square foot of $2,250.
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A 3.5-acre equestrian estate overlooking the Back Bay in Newport Beach has sold for $22.85 million.
Buck Johns, a major donor to the Republican Party, sold the 6,900-square-foot home at 2600 Mesa Drive, in Santa Ana Heights, the Orange County Business Journal reported. The buyer was undisclosed.
The deal set a home sale record for the neighborhood on the north side of the Upper Newport Back Bay. The prior record was set last year when the home next door sold for $15 million, after asking $25 million.
Brokers Brian Sperry of Coldwell Banker Realty and Bill Coté of Cote Realty Group represented the seller. Heather Kidder of Arbor Real Estate represented the buyer.
The six-bedroom, eight-bathroom ranch house was built in 1951 by Newport Beach developers George and Elinor Holstein, who subdivided the area along Mesa Drive and developed The Bluffs across the Bay as well as homes for movie stars in Beverly Hills.
They sold the bluffside estate in 1977 to Johns for $550,000, who listed the property in April for $25 million, according to the Orange County Register.
Considered among the largest residential estates in Newport Beach, the property has 381 feet of water frontage along the Back Bay. Nearby homes have between 135 and 150 feet, according to Sperry.
The rustic brown Mid-Century ranch house, with large windows, is unchanged from when it was built 73 years ago. The home has beamed ceilings, a large kitchen, gym, wine cellar and a guest wing.
Outside, there’s a sunken tennis court, gated swimming pool and pool pavilion. It’s also zoned for up to six horses as well as chickens, goats and pigs.
The house once served as a site for tennis court fundraisers, with guests that included President Gerald Ford, Vice Presidents Dick Cheney and Dan Quayle, Mike Huckabee, Larry Elder and Governors Pete Wilson and George Deukmejian.
Many older homes on smaller lots have been replaced by new construction, but larger properties are still available.
In August last year, a 2.7-acre Back Bay estate with a private lake, owned by the late OC developer Harry Rinker, was listed at 2342 Mesa Drive for $32 million.
— Dana Bartholomew
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A Bird Streets home apt for a car collector has landed a new owner for $21 million.
The Mid-Century-inspired home at 9211 Nightingale Drive originally hit the market for $24.5 million about a year ago before turning into a rental.
The buyer is an LLC with a Marina del Rey-based registered agent, according to property records. The seller is an LLC tied to Glendale-based Caspian Commercial Plumbing and its President David Alexy Alexanderian, property records and papers filed with the state show.
Coldwell Banker Realty’s Philip Boroda and Revel Real Estate’s Benjamin Bacal had the listing. Compass’ Jennifer Orio represented the buyer.
The six-bed, nine-bath home totals 10,914 square feet. It touts a 20-foot glass atrium in the foyer, 1,000-square-foot wellness spa, putting green and glass elevator, according to the listing.
For the auto connoisseur, it has a climate-controlled garage for eight cars with a turntable,
The Bird Streets, which gets its name from streets named after birds, sits above the Sunset Strip and is a favorite among celebrities, such as Leonardo DiCaprio and Keanu Reeves.
A range of prices dot the tony neighborhood’s current listings.
Carolwood Estates’ David Parnes and James Harris hold a $69 million listing at 9330 Flicker Way, which was built in 2021 and sits on nearly an acre. There’s also a $17.5 million listing for 9150 Oriole Way, which has four beds and six baths. That’s listed by Carolwood’s Drew Fenton and The Agency’s David Findley. The Beverly Hills Estates’ Jennifer Saginor is on a listing just under $10 million at 9240 Warbler Way, which was built in the 1930s and is on over half an acre.
In April, a Bird Streets spec home at 1898 Rising Glen Road sold for $62.8 million, temporarily wearing the crown for the year’s priciest residential deal in Los Angeles County. The designation later moved to Malibu, where Laurene Powell Jobs paid $94 million for her fourth estate and reports surfaced that Oakley founder Jim Jannard sold his estate in the beach city for $210 million.
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A crowdfunding firm that has flipped homes since 2018 said it’s in contract to buy Kanye West’s gutted Malibu home at a big discount.
Belwood Investments, originally founded in Folsom, is in escrow on West’s home at 24844 Malibu Road for $21 million, according to the company’s marketing lead David Contreras.
The real estate firm acquires homes, partially funded with individual investors who sign up through the company’s app. Belwood says it works with non-accredited investors willing to put up at least $1,000, which is then secured through a trust deed. The business model is to renovate the home and sell it.
The Malibu price would be a steep haircut for rapper and music producer West, who now goes by the name Ye. He put the home on the market in January with a $53 million ask. The price was then slashed in April to $39 million.
The Oppenheim Group’s Jason Oppenheim has the listing. If the property trades for $21 million, it will represent a 60 percent discount from the asking price in January.
Contreras said Belwood is working with The Agency’s Jean-Baptiste Rugiero on the deal. The Agency declined to comment.
The home’s current state has been well publicized.
In 2021, West paid $57.3 million for the property, then tore out the windows, doors and wiring. The gutted structure spans roughly 4,000 square feet with four bedrooms and five bathrooms, but it currently lacks plumbing, electrical, HVAC and interior finishes..
Minimalist designer Tadao Ando redesigned the house, which took 1,200 tons of concrete and 200 tons of steel to build.
Belwood is keen on bringing the house back to Ando’s original vision. The flipper estimates restoration costs of about $6.5 million for a project expected to take 12 to 16 months, according to Contreras.
A broker price opinion report prepared for Belwood by Rugiero and reviewed by The Real Deal estimated the property’s final value once restored to be more than $50 million.
“It seemed like a great opportunity, considering the history of the property and the architect who designed it,” Contreras said of what attracted the company to the investment.
If the deal closes, it would mark Belwood’s first Malibu property.
The investment firm, according to Contreras, plans to work with Marmol Radziner’s Leo Marmol and Ron Radziner, the original architects of the home when it was built in 2013 for financier and art collector Richard Sachs.
After West purchased the property in 2021, he directed the demolition crew to remove everything from tubs to light fixtures, according to a report from The New Yorker in June. Workers were instructed to remove all traces of windows, air conditioning, heating, cable, wiring, bathrooms and more, the report said.
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A Los Angeles litigation attorney found a buyer for his Malibu estate, trading it for $31.7 million.
The 7,269-square-foot Point Dume home at 28823 Cliffside Drive is yet another ultra-luxury deal for Malibu in what is shaping up as a red-hot year for the beach town.
Property records show the seller was Brian Strange, founder of complex litigation firm Strange LLP. The buyer is an LLC tied to a New York-based accounting firm specializing in services for high-net-worth clients.
Compass’ Chris Cortazzo had the listing, while Compass’ Lily Harfouche represented the buyer.
Records on Zillow show the property hit the market in May, with a $35 million asking price.
The six-bedroom, five-bath home built in 1957 was recently renovated, according to listing sites. The gated property on more than 1.5 acres includes a guest house, guest suite over the garage, room for six cars, a path to the beach and surfboard shack.
The Cliffside sale marks another sizable deal for Malibu, which has hosted ultra-luxury deals of all shapes and sizes this year.
Last month a spec mansion above Billionaire’s Beach sold for $32 million. There was also developer Scott Gillen’s sale of the Malibu home he built, called The Edge, for $61 million.
Among the more eyebrow-raising deals in the city was Steve Jobs’ widow Laurene Powell Jobs’ $94 million purchase of her fourth Malibu property. There was also the reported sale of Oakley and Red Digital Cinema Camera founder Jim Jannard’s estate for $210 million — the state record for a residential price — to an unknown buyer.
Most recently, Westside Estate Agency co-founder Kurt Rappaport told Bloomberg he’s getting ready to release a $300 million private listing. The property, if sold anywhere near its ask, would take the crown as the state’s highest-priced deal.
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Malibu Cove Colony home tops list of LA luxe resi contracts
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A Malibu Cove Colony property tops last week’s list of the largest residential contracts signed in Los Angeles County.
That’s the word from the Eklund Weekly Luxury Report LA, which tallied contracts signed on listings above $4 million within the county between Aug. 5 and Aug. 11. The four-bed, three-bath home at 26940 Malibu Cove Colony Drive counts the beach as its backyard, with a listing price just under $11 million.
Douglas Elliman’s Ivan Estrada has the listing on the home, which property records show is owned by a trust tied to Renee Kaswan, the late inventor of Restatis dry-eye treatment and a philanthropist whose foray into affordable housing in Koreatown ended in a financial meltdown.
The roughly 3,500-square-foot home in Malibu Cove Colony first went on sale in the spring of 2022 for $21.6 million before going on and off the market as a rental and for sale with several price reductions along the way, according to Zillow.
The beachfront contemporary, designed by architect Ron Goldman, has floor-to-ceiling windows, a two-story foyer, Tesla chargers and ocean views.
L.A. County’s second-largest signed contract last week was a Hidden Hills home at 23738 Long Valley Road.
The six-bed, nine-bath property totaling 9,376 square feet is listed at $9.3 million.
Douglas Elliman’s Marc Shevin and Sara Shevin have the listing. Property records show the home is owned by Micah Scheinberg and Cara Scheinberg.
Highlights include a pool, spa and full-size court for sports such as pickleball.
In total, Los Angeles County reported three more contracts in the week ended Aug. 11 in comparison to the prior seven-day period, according to the Eklund report. The market saw a total of 16 signed contracts last week, including one condo unit.
Total volume for last week’s contracts was $102.8 million, which amounted to a 26 percent jump from the prior reporting period.
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Manhattan Beach’s residential market is standing tall even as the number of signed contracts for Los Angeles County shrinks.
The nine-bed, 11-bath home at 763 31st Street in Manhattan Beach was last week’s largest property under contract, with an asking price of $10.5 million, according to the Eklund Weekly Luxury Report L.A. The roundup counts signed contracts of residential listings within the county priced above $4 million.
The Spanish Colonial home on 31st Street totals 7,308 square feet with glass walls, cathedral ceilings, space for a home theater and a pool with waterfalls.
Property records show the seller is a family trust tied to Gregory Hartmann and Dana Hartmann.
Claire Gillespie and Margaret Gillespie with Vista Sotheby’s International Realty have the listing.
Manhattan Beach notches another victory with the contract.
Two weeks ago, a home in the city’s Hill Section neighborhood was the top contract in Eklund Gomes’ report, with a $16.9 million ask for the property at 934 1st Street. The city also saw its priciest home sale ever last month when 1800 The Strand traded for $24.5 million.
Elsewhere in L.A. County, a Hancock Park home with a listing price of $9.4 million was last week’s second-largest property under contract.
The home at 434 South Rimpau Boulevard has served as a well-known local attraction during Halloween, when homeowner Richard Correll decks the property out with items he’s collected from various film sets over the years. Correll is a director, actor, writer and producer who co-created “Hannah Montana.” He has also directed episodes of “The Suite Life of Zack & Cody,” “Family Matters,” “That’s So Raven” and “Fuller House” among other television shows.
The Colonial Revival is listed by Coldwell Banker Realty’s Anne Loveland and Sue Carr. It hit the market less than a month ago, according to Zillow.
The property has five bedrooms and eight bathrooms across 9,113 square feet. Highlights include a second-floor atrium, guest house and backyard with a trampoline and zipline.
Overall, Los Angeles County counted 13 contracts for the week ended Aug. 4, which is off from the 16 signed in the prior seven-day period, according to the Eklund report. Last week’s contracts equated to total volume of $81.5 million, which compares with $136.6 million in the prior week.
Meanwhile, demand for luxury condos remained thin as the segment saw its third straight week of no signed contracts.
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A spec mansion perched above Malibu’s Billionaire’s Beach has sold for $32 million, after initially testing the market with a nearly $50 million asking price.
The estate was first listed in 2019 for $50 million, fully furnished. More recently, it was re-listed in February for $38 million.
The property, named Villa Splendido, sits on a 17-acre lot at 5046 Carbon Beach Terrace. It has five bedrooms and nine bathrooms and boasts a private driveway from Pacific Coast Highway, ocean views, infinity pool with a swim-accessible bar, guest house and wellness center that includes a gym and massage room.
Douglas Elliman’s Ani Dermenjian and Westside Estate Agency’s Kurt Rappaport were the listing agents. It’s unclear who represented the buyer, which property records show is a Texas-based LLC.
Malibu Real Estate Investments, led by Kirkor Suri and Bedros Oruncakiel, built Villa Splendido. Although the duo behind the development got their start in commercial real estate, they transitioned to residential in 2000, with ambitious plans to “conquer the Malibu residential real estate market,” their company’s website states.
Villa Splendido’s sale marks yet another trade in a year of blockbuster deals for Malibu.
Spec developer Scott Gillen closed earlier this month on the $61 million sale of The Edge. It marks the first sale within Gillen’s five-estate community, named The Case. The Edge, at 24186 Case Court, was first listed in 2020 for $75 million.
In June, Crown Pointe Estates at Malibu kicked off the month’s activity, selling its net-zero carbon spec home for $28.5 million. Laurene Powell Jobs later scooped up her fourth Malibu property for $94 million. There was also the sale of Oakley founder Jim Jannard’s Pacific Coast Highway estate, which reportedly sold to an unidentified Delaware LLC for a record $210 million.
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