With its world-class golf courses, scenic beauty and natural landscapes, and high degree of privacy and exclusivity, the small coastal residential community of Pebble Beach is a magnet for affluent homebuyers.
And said deep-pocketed buyers have more choices to pick from, as a meticulously renovated private estate — sitting on a generous 3.16-acre lot — has recently landed on the market.
Priced at a hefty $39,000,000, the Pebble Beach property is currently the most expensive active listing in the unincorporated community on the Monterey Peninsula. And it has all the attributes to back its sky-high asking price.
Owned by WeatherTech founder and CEO (and automotive accessories tycoon) David MacNeil, the Pebble Beach estate is as impressive as its price point would imply.
Built in 2000 and fully renovated in 2023, the property has nearly 7,500 interior square feet on a 3.16-acre lot and includes seven bedrooms, eight full bathrooms, and two half-bathrooms.
“I was fortunate to purchase this property at the beginning of the pandemic before the prices of properties had skyrocketed,” MacNeil says, before commenting on the property’s extensive renovation spearheaded by Monterey-based Holdren + Lietzke Architecture.
“This home has been modernized and opened up with more windows and access to the outside. It was renovated from top to bottom, both inside and outside with the finest finishes by Monterey-based Holdren + Lietzke Architecture,” MacNeil added.
Inside upgrades include the addition of a chef’s kitchen with custom cabinetry, three dishwashers and Wolf appliances, a 1,000-bottle temperature-controlled wine room, a laundry room with three sets of Miele commercial-grade washers and dryers, a billiards room, custom walnut and stone floors, and six fireplaces.
In addition, the property was updated with a copper roof, a backup battery system, a Lutron lighting system, an Axis security system, and geothermal heating and cooling systems.
The outdoor recreational areas have not been overlooked in the renovation process.
See also: You can buy the house Jennifer Aniston rented while filming ‘Friends’
Extensive landscape design completed in 2023 included adding a 30,000-gallon water collection and storage tank to reclaim water for landscaping use.
There’s also a built-in BBQ, dining and seating areas, hot tub, lower yard with putting green, tournament-ready bocce ball court with two firepits and built-in seating, and a pergola with solar panels.
Why would the WeatherTech founder part ways with his beautifully updated Pebble Beach house?
Talking about his decision to sell, MacNeal shares “Since I predominantly use another property in the vicinity when I spend time on the West Coast, I have made the difficult decision to put this property on the market for the next owners to thoroughly enjoy. The real estate market is lacking properties and I feel fortunate that I can pass this one on to someone else who can share it with their family and friends.
And he picked the best local realtor to find the right buyer.
The property’s real estate agent — Tim Allen of Tim Allen Properties Team, affiliated with Coldwell Banker Realty — is no stranger to selling multi-million dollar homes in the area for record amounts.
With nearly four decades of real estate sales experience under his belt, Allen was the #2 individual Coldwell Banker agent for 2022 sales (out of approximately 100,000 agents worldwide) and helped close some of 2023’s biggest real estate sales for the area, including the $29 million sale of the Butterly House in Carmel-by-the-Sea and the $22 million sale of architect Frank Lloyd Wright’s only oceanfront home in Carmel.
“The ultra-luxury market on the Peninsula remains strong, and we were fortunate to represent the buyers in two other iconic, historic local sales in 2023, a Frank Lloyd Wright-designed house and The Butterfly House, the latter of which was a record high for Carmel-by-the-Sea,” Allen says.
And he seems confident that the Pebble Beach house will also sell for top dollar.
“This architectural masterpiece provides a stunning setting for relaxation and magnificent views from its coastal Pebble Beach location. The house and property were completely reimagined and rebuilt to the highest quality, offering something unique and special to the market that had not been previously available,” the real estate agent adds.
Situated near the famous Pebble Beach Resorts, this property offers stunning views of Carmel Bay, Point Lobos, and the Pacific Ocean. Its location provides easy access to renowned golf courses, exclusive clubs, and the village of Carmel-by-the-Sea.
And just in case potential future owners need an extra reason to move to this idyllic area, we hear Brad Pitt lives nearby, in the historic DL James house (which also commanded a sale price somewhere around the $40 million mark).
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Bear Stearns CEO James Cayne is expected to resign today amid increasing pressure from investors over record losses and the collapse of two hedge funds last summer.
He will join Citigroup’s Charles Prince and Merrill Lynch’s Stan O’Neal, who now sit on the sidelines.
Cayne will likely be replaced by current President Alan Schwartz, a 57-year-old investment banker known for his strong deal-making ability.
Punk Ziegel analyst Richard Bove believes Schwartz is the “right choice” for the job, but warned that the position wouldn’t be easy.
“The task facing Mr. Schwartz is sizable. Outsiders may now be attempting to take control of the company. He must fight this off,” Bove said.
“I believe, as I have written for about a year, that Mr. Cayne must go. He was the architect of what now appears to have been a failed business strategy,” Bove wrote in a note to clients.
The analyst, who maintained a “sell” rating on the stock, slashed his price target on Bear Stearns to $67 from $94 and again reduced his 2008 earnings estimate.
For fiscal 2008, he cut his estimate to $6.59 a share from a previous $7.96 a share, and lowered his 2009 estimate to $7.10 a share from $8.54 a share.
“Its core businesses like mortgages, credit derivatives, prime brokerage, and investment banking may all be facing contraction while the company is losing market share in these shrinking markets. This firm needs to shrink rapidly and then rebuild on a more solid base,” Bove recommended.
Bear Stearns, the fifth-largest U.S. investment bank, took a $1.9 billion write-down in the quarter ended November 30 related to the falling value of subprime mortgage-related securities, leading to its first quarterly loss ever.
And Bove believes the struggling bank and mortgage lender will likely see further writedowns and post higher loan loss reserves in coming quarters.
Shares of Bear Stearns, which have lost 52 percent of their value over the past year, closed at $76.25 Monday on the New York Stock Exchange.
Renting in Chicago? Discover the 10 most affordable Chicago suburbs to rent in 2024.
The Windy City, with its diverse neighborhoods and ever-evolving skyline, has much to offer its residents. But living in Chicago often comes with a high price tag, and you may be wondering how much rent costs in Chicago. The average rent is $1,572 a month for a studio, $1,907 a month for a one-bedroom unit and $2,558 for a two-bedroom unit. However, these prices may not fit your budget.
If you’re seeking a more affordable alternative to Chicago while remaining close enough to enjoy Chicago’s hustle and bustle, you’re in the right place. This article will explore 10 of the most affordable Chicago suburbs. From tranquil small towns to lively communities, you just might find your next hometown below.
Average rent for a studio: $1,450
Average rent for a one-bedroom: $950
Average rent for a two-bedroom: $1,400
Distance from Chicago: 17 miles
Apartments for rent in Oak Lawn
Our most affordable Chicago suburb is Oak Lawn. Only about 17 miles southwest of Chicago, you’re just a short distance from the city center. The average rent for a one-bedroom apartment is nearly half the cost compared to Chicago, so living in Oak Lawn can save you a lot.
In Oak Lawn, you can explore one of the parks like Oak Lawn Park District and Wolfe Wildlife Park. Additionally, you can discover a variety of local restaurants and shops in the downtown area, providing a taste of the town’s unique character and charm.
Average rent for a studio: $890
Average rent for a one-bedroom: $1,005
Average rent for a two-bedroom: $1,195
Distance from Chicago: 45 miles
Apartments for rent in Joliet
About 45 miles southwest of Chicago is our top pick of affordable Chicago suburbs, Joliet. The area is home to about 150,400 residents, and the average rents are much less than in Chicago. For example, a one-bedroom unit in Joliet costs $1,005 compared to $1,907 in Chicago.
If you move to Joliet, you’ll find a lot of fascinating places to explore. For example, you can visit the Old Joliet Prison, which offers guided tours and a glimpse into its rich history. You can also see a show at the Rialto Square Theatre, an elegant and historic venue that hosts a variety of live performances, from rock concerts to Broadway shows.
Average rent for a studio: $922
Average rent for a one-bedroom: $1,162
Average rent for a two-bedroom: $2,142
Distance from Chicago: 10 miles
Apartments for rent in Oak Park
Another great suburb for renters is Oak Park, roughly 10 miles west of Chicago. The rental prices are great as the average rent for a one-bedroom unit is about $750 a month less than in Chicago.
In Oak Park, you can immerse yourself in the town’s architectural history by taking a guided tour of the Frank Lloyd Wright Home and Studio, highlighting the undeniable style of this renowned architect. You can also visit the Ernest Hemingway Birthplace Museum, showcasing the author’s life and works. Additionally, Oak Park is home to the beautiful and expansive Oak Park Conservatory, a serene environment amidst lush botanical gardens.
Average rent for a studio: $2,022
Average rent for a one-bedroom: $1,375
Average rent for a two-bedroom: $1,450
Distance from Chicago: 15 miles
Apartments for rent in Skokie
Skokie is an affordable option for renters while remaining only 15 miles north of Chicago. With the average rent for a one-bedroom costing about $530 less than in Chicago, Skokie may be the suburb for you.
Skokie is also home to the scenic Emily Oaks Nature Center, providing nature lovers with hiking trails, wildlife observation and environmental education programs. You can also explore Skokie Northshore Sculpture Park, which has massive sculptures along landscaped paths.
Average rent for a studio: $1,260
Average rent for a one-bedroom: $1,400
Average rent for a two-bedroom: $1,980
Distance from Chicago: 40 miles
Apartments for rent in Aurora
About 40 miles west of Chicago, you’ll find Aurora, another great suburb to add to your list. Home to 179,200 residents, Aurora is an awesome option for renters looking for a city-like atmosphere with more affordable rental prices.
Aurora is home to the beautiful Oakhurst Forest Preserve, with hiking trails, birdwatching areas, and a stocked lake. You can also visit the Paramount Theatre, a historic venue showcasing a variety of performances, from Broadway shows to acoustic sets and more.
Average rent for a one-bedroom: $1,533
Average rent for a two-bedroom: $1,844
Distance from Chicago: 30 miles
Apartments for rent in Arlington Heights
Securing the sixth spot on our list, Arlington Heights is a familiar Chicago suburb. This area is home to roughly 76,000 residents, making it feel more like a small town.
Arlington Heights has a solid downtown area with a great selection of shops and restaurants, creating a lively and welcoming atmosphere. The town is also home to Lake Arlington, which has miles of trails and picturesque views.
Average rent for a studio: $1,433
Average rent for a one-bedroom: $1,573
Average rent for a two-bedroom: $1,900
Distance from from Chicago: 33 miles
Apartments for rent in Schaumburg
Next on our list of renter-friendly Chicago suburbs is Schaumburg. It’s about 33 miles northwest of downtown, meaning it’s a little longer commute into the city. But saving on rent by living in this affordable city may make the additional commute time worth it.
There is plenty to do in Schaumburg, like exploring Spring Valley Nature Center & Heritage Farm, which has trails and a 19th-century farm. Schaumburg is also home to the Woodfield Mall, which has a range of retail stores, dining options and entertainment venues.
Average rent for a studio: $1,836
Average rent for a one-bedroom: $1,600
Average rent for a two-bedroom: $1,902
Distance from Chicago: 20 miles
Apartments for rent in Des Plaines
If you call Chicago home, you might already know about Des Plaines, one of its most affordable suburbs. The rents in Des Plaines average $1,600 for a one-bedroom unit and $1,902 for a two-bedroom unit, so you’re still saving substantially compared to Chicago.
In this affordable Chicago suburb, you can spend the evening seeing a show at Des Plaines Theatre and explore the charming downtown area. You can also enjoy the scenic beauty of Prairie Lakes Park.
Average rent for a studio: $1,207
Average rent for a one-bedroom: $1,652
Average rent for a two-bedroom: $2,300
Distance from Chicago: 15 miles
Apartments for rent in Evanston
Moving to Evanston provides a more laid-back lifestyle than Chicago’s city atmosphere. But you’ll find Evanston offers lots of activities for its residents compared to other Chicagoland suburbs.
You can explore the beautiful Northwestern University campus, known for its historic architecture, college-town vibe and live events. The Evanston Art Center, which hosts various art exhibitions and classes, is also a must-visit, providing a creative outlet for art enthusiasts and a taste of the local arts scene. Additionally, you can see the skyline views of the Chicago skyline from The Lakefill, a park along Lake Michigan, making it an easy pick for top affordable Chicago suburbs.
Average rent for a studio: $2,020
Average rent for a one-bedroom: $1,820
Average rent for a two-bedroom: $2,311
Distance from Chicago: 35 miles
Apartments for rent in Naperville
Rounding out our list of affordable Chicago suburbs is Naperville. This suburb has a population of 149,100 and is roughly 35 miles west of Chicago. In Naperville, you can explore the Naperville Riverwalk, a scenic linear park along the DuPage River, perfect for leisurely walks, picnics and enjoying the majesty of the Midwest.
Naperville is also home to the Naper Settlement, a living history museum with historic buildings and interactive exhibits, giving a glimpse into Naperville’s past.
Find your next home in one of these affordable Chicago suburbs
The Chicago suburbs listed above are a testament to the fact that affordability doesn’t have to come with compromise. From quaint streets lined with cozy homes to bustling local businesses and serene parks, these suburbs offer unique opportunities for families, professionals and retirees alike.
The affordability of these suburbs doesn’t just ease the wallet; it enriches lives, fostering tight-knit communities where neighbors become friends, and memories are made. In the suburbs featured above, the spirit of Chicago thrives in a more accessible, affordable package, proving that the heart of a great city isn’t defined by its price, but by its people and the warmth of the community they build.
If you’re looking to leave your apartment and make the move from renter to buyer, make sure to also check out the most affordable Chicago suburbs to buy a home.
Methodology: Affordability is based on whether a suburb’s one and two-bedroom rent was less than Chicago and under 45 miles from downtown Chicago. Average rental data from Chicago rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
In the ever-evolving world of interior design, trends and pop culture influences come and go, all leaving unique imprints on the aesthetic landscape of homes and spaces. Following the subtly modern look of midcentury modern design, the latter part of the 20th century witnessed the rise of postmodernism, a movement that revolutionized the way we approach and perceive interior spaces.
Postmodern interior design is a captivating blend of creativity, irreverence and a departure from the strict principles of previous design philosophies. In this article, we delve into postmodern design, exploring its defining features, highlights and the lively spirit that sets it apart from other styles.
The essence of postmodern interior design
Postmodernism, in its essence, is a departure from the strict principles and uniformity of modernism. Emerging in the latter half of the 20th century, as a reaction against the perceived rigidity of modern design, postmodernism celebrates diversity, eclecticism and a playful engagement with historical design elements. In the realm of interior design, this is better translated into a departure from the clean lines and minimalism of midcentury modernism. Postmodern interiors are a celebration of contrast, embracing a mix of styles, eras and cultural influences.
Postmodern design is a rebellion against the notion that there’s a single, correct way to design spaces. It challenges the idea that form should always follow function, as popularized by the midcentury. Instead, postmodern interiors embody a sense of freedom, allowing for a rich tapestry of styles, colors, textures and influences to coexist harmoniously.
Eye-catching wallpapers and playful patterns
One of the defining features of postmodern interior design is the vibrant and bold use of wallpapers. Unlike the muted tones and subtle patterns of midcentury modern interiors, postmodern spaces often feature eye-catching, bright wallpapers that serve as a statement piece in the room. These wallpapers can range from geometric patterns to combinations of natural and retro shades, injecting a sense of playfulness and personality into the space.
The use of playful patterns extends beyond wallpapers to upholstery, curtains and even flooring. Postmodern interiors revel in mixing and matching patterns, creating a dynamic visual experience that captures attention and adds a layer of complexity to room design. This departure from the monochromatic and restrained palettes of the past is a testament to postmodernism’s embrace of eclecticism and the rejection of design norms.
The wallpaper becomes not just a background but an integral part of the design style, setting the stage for the eclectic and lively atmosphere that defines postmodern interiors. It’s a departure from the notion that walls are neutral backdrops, inviting inhabitants and visitors alike to engage with the space on a visual and emotional level.
Artistic statements
While midcentury modern design often favored neutral color palettes and understated elegance, postmodern interiors take a vibrant approach with pops of bold colors, especially in seating arrangements. Sofas, chairs and ottomans become not just functional pieces but artistic statements in themselves. The use of bold and contrasting colors adds energy and vitality to the space, creating a lively atmosphere that encourages self-expression and creativity.
In postmodern interior design, seating goes beyond comfort and functionality; it becomes a means of expressing individuality and breaking away from the conventions of the past. This departure from the subdued color schemes of previous design movements reflects the postmodern belief that design should be personal, expressive and capable of challenging established norms.
The strategic placement of colorful seating becomes a visual language, telling a story of vibrancy and breaking away from the monotonous. It signifies a shift away from subdued hues, embracing vibrant and bold opaque colors.
Unique takes on classic design elements
One of the most intriguing postmodern design elements is its unconventional ideas and irreverent take on classic design elements from previous centuries. Instead of adhering strictly to historical styles, postmodernism borrows elements from various periods and playfully remixes them. This approach results in spaces that feel both familiar and futuristic, creating a sense of timelessness while challenging traditional notions of design.
For instance, postmodern interiors might feature classical columns alongside modern furniture, or a Baroque-inspired mirror complimented with contemporary art. This blending of styles and eras creates a dedication to design evolution, where the past is preserved as well as reinterpreted. It is a form of design rebellion that challenges the notion of the linear progression of styles and embraces a more fluid and dynamic approach to aesthetics.
Postmodernism redefines the relationship with history, treating it as a playground rather than a rulebook. Classic elements are utilized as building blocks for a new visual design language that is both familiar and refreshing.
The importance of individual expression
At the heart of postmodern interior design is the celebration of individual expression. Unlike the more formulaic nature of previous design movements, postmodernism encourages designers to embrace their unique tastes and preferences. This freedom is evident in the diverse range of materials, textures and colors used in postmodern interiors.
From sleek metals and glass to warm woods and plush fabrics, postmodern spaces thrive on the combination of materials, creating a rich sensory experience. This emphasis on individual expression extends to the inclusion of personal artifacts, vintage finds and quirky accessories that add a layer of character to the space. The result is a home that reflects personality and interests, telling a story of one’s life.
Individual expression is arguably the largest guiding principle in postmodern design, inviting people to curate their spaces with elements that resonate with them personally. The eclectic mix of materials and personal artifacts creates a narrative of the inhabitants’ journey, turning the home into a canvas that tells a story.
Postmodern pioneers
Influential designers in this movement embraced eclecticism, experimentation and a playful blend of styles. Michael Graves, a celebrated architect, and designer, is renowned for his postmodern contributions, infusing everyday objects with whimsical and symbolic elements. Ettore Sottsass, the visionary behind the Memphis Group, disrupted the design landscape with vibrant colors, bold patterns and unconventional shapes. Their innovative approaches continue to inspire, shaping the contemporary design landscape with a legacy that transcends the boundaries of time and tradition.
Postmodernism interior design: A celebration of individuality
In the wake of midcentury modernism, postmodern interior design emerged as a vibrant and eclectic movement that celebrated diversity, individual expression and a playful departure from design norms. With its bright wallpapers, pops of color in seating and irreverent takes on classic design elements, postmodernism transformed interiors into dynamic canvases of self-expression.
As we continue to explore and evolve in the realm of interior design, postmodernism stands as a testament to the power of creativity and the rejection of rigid design principles. It encourages us to embrace the unexpected, mix styles with confidence and create spaces that tell our unique stories. In a world where individuality is increasingly valued, postmodern interior design remains an inspiring chapter in the ongoing narrative of design evolution.
Whether you’re drawn to the bold patterns, vibrant colors or blends of styles, postmodern design invites you to break free from the ordinary and celebrate the diversity that makes each space, and each individual, truly unique. Still looking for the perfect place to style as a reflection of your personality? Find the perfect place in one of our available apartments and get decorating.
Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath.
Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly introduced “mansion tax” and an inevitable drop-off from a pandemic market when megamansions flipped like hotcakes.
In 2022, there were 17 home sales above $50 million and 48 over $30 million in L.A. County, according to the Multiple Listing Service. In 2023, there were only five sales over $50 million and 23 over $30 million.
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But even in a down year, there were still plenty of headlines. Jay-Z and Beyoncé set the all-time price record in the state of California, while other celebrities sold homes and left L.A. just in time to avoid paying taxes under Measure ULA.
Here are the top sales of the year.
$200 million
History was made in May when Jay-Z and Beyoncé shattered California’s price record, paying $200 million for a concrete compound in Malibu.
The L-shaped house, which topped the previous record of $177 million, looks more like an airplane hangar or supervillain’s lair than a home. It was built by Tadao Ando, a decorated Japanese architect who also designed a home for Kanye West a few miles down the coast. Ando brought in 7,645 cubic yards of concrete to erect the 40,000-square-foot home.
It never officially hit the market, so photos are scarce. The property is perched above Malibu’s Paradise Cove and features concrete hallways and walls of glass that open to a swimming pool and lawn overlooking the ocean.
$60.85 million
Another power couple — Jennifer Lopez and Ben Affleck — claimed the second-highest home purchase of the year when they shelled out $60.85 million for a five-acre spread in Beverly Crest. High interest rates weren’t a problem; they didn’t need a 30-year-fixed. The pair paid in cash.
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The deal marked the end of a year-long house hunt for Lopez and Affleck, and the house boasts an array of amenities that few other mega-mansions can match. Across 38,000 square feet are 12 bedrooms, 24 bathrooms, 15 fireplaces, a movie theater, wine cellar, nail salon and sauna, as well as a 5,000-square-foot sports facility with a boxing ring and pickleball court.
The $60.85-million sale actually came at a discount; the home originally hit the market with a gargantuan price tag of $135 million.
$55 million
Some scratched their heads when Mark Wahlberg unloaded his Beverly Park mega-mansion for $55 million in February. The movie star spent years designing the French-inspired palace, and he originally asked $87.5 million when he first listed it in 2022.
But Wahlberg was a motivated seller. He moved to Nevada last year, and by selling the home in February, he avoided Measure ULA, a transfer tax that took effect April 1 and would’ve charged a 5.5% tax on the sale. At $55 million, Wahlberg’s tax bill would’ve been more than $3 million.
The European-inspired showplace is truly one of a kind, featuring amenities such as a five-hole golf course, driving range, grotto-style swimming pool and skate park. Wahlberg, a native of Massachusetts, also added a Boston Celtics-themed basketball court during his stay.
$52.056 million
Malibu’s second entry on this list comes via attorney Stuart Liner and his wife, Stephanie Hershey Liner, who sold their beach house on Point Dume for just over $52 million.
The Liners have made a fortune flipping houses over the years, including doubling their money on a house they bought from actor Danny DeVito. They scored a hefty profit here as well; records show they paid $21.758 million for the oceanfront home in 2020 before extensively remodeling the place.
The 6,000-square-foot house comes with a swimming pool and tennis court. It sold to Tom van Loben Sels, a partner at Bay Area tax firm Apercen Partners.
$52 million
For years, Villa Firenze was a cautionary tale, an extravagant reminder that while fortunes can be won in Southern California’s lucrative real estate market, you have to be strategic in how you sell to truly cash in.
Hungarian billionaire Steven Udvar-Hazy was not. The airplane mogul built the Italian-inspired mansion in 1998 and listed it for $165 million in 2017, which at the time was one of the most ambitious asking prices in California history.
Clearly overpriced, the house sat on the market for years until it was auctioned off for $51 million in 2021 to biotech entrepreneur Roy Eddleman, who, for some reason, tried the same thing as Udvar-Hazy.
Eddleman quickly attempted to flip the house for a massive profit, putting it back onto the market for $120 million just a year after he bought it. Unsurprisingly, there were no takers, and he died before it sold.
His estate slashed the price on the luxurious villa, which features 40-foot palm trees, 20-foot ceilings and a two-story library complete with a secret passageway that leads to a bedroom and bar.
After a year of price cuts, it finally sold in February for $52 million, just $1 million more than Eddleman paid for it at auction two years prior.
With its rich historical background and sharp, nearly 90-degree turn — an unusual bend that aligns with similar curves in other nearby streets that follow an old property line established in 1633 — West Village’s Commerce Street is a unique piece of New York City history.
And the many historically significant buildings that surround it are proof of that.
The nearby Isaacs-Hendricks House at 77 Bedford Street is one of the few remaining 18th-century buildings in Manhattan, dating back to 1799. Neighboring it at 75-1/2 Bedford Street is a narrow 9-1/2 feet wide house built in 1873, once home to poet Edna St. Vincent Millay.
On Commerce Street proper, we find the Cherry Lane Theatre, the oldest continuously running off-Broadway theater in New York City.
And the buildings at numbers 41 and 39, built in 1831, are known for their mansard roofs added in 1873, but also for the folk tales that surround them. The twin houses are said to have been built by a sea captain who had two feuding daughters, so he built them identical, separate homes with a shared garden.
At 48 Commerce Street, we find another West Village gem — one that’s currently on the market and looking for an architecturally inclined or history-loving owner.
Originally built in 1844, the 5-story townhouse was built on land once owned by Queen Anne, the younger daughter of James II, who reigned over Great Britain and Ireland at the dawn of the 18th century.
According to our sources, Queen Anne later sold it to Trinity Church, after which architect Alexander T. Stewart — an Irish immigrant who created one of the first department stores in America, The Marble Dry-Good Palace — bought it and built the 5-story structure at 48 Commerce Street.
The West Village townhouse, now listed for $10,000,000, sits on an expansive lot with almost 5,000 square feet of living space and a width of 20 feet — and can accommodate at least 6 bedrooms, each with its own office and walk-in closet.
With 8 full baths, future residents and guests will get to enjoy comfort and privacy in one of the city’s most desirable locations. Features include 9 wood-burning fireplaces, a rear patio, a front garden, and rooftop space that allows for a deck with skyline views.
Norman L. Steele, the current owner of the property — who’s also a former real estate mogul that once worked for IBM — restored the building in 1994.
He’s now ready to part ways with his West Village townhouse, offering one lucky buyer the opportunity to create a one-of-a-kind dream home in a beloved Manhattan location or to split it into several units and maximize their investment.
48 Commerce Street is listed for $10 million with Michael Biryla of The Agency New York.
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From 9 a.m. ET on December 22, 2023, to 5 p.m. ET on Thursday, February 15, 2024, fans have the opportunity to enter for a chance to win the 2024 HGTV Dream Home.
HGTV and FoodNetwork fans have the chance to win the 2024 HGTV Dream Home giveaway in Anastasia Island, Florida. The prize package, valued at over $2.2 Million, includes keys to the home, all furnishings, an all-new Mercedes-Benz E Class Sedan, and $100,000. Eligible fans can enter for a chance to win daily at HGTV.com/DreamHome and FoodNetwork.com/HGTVDreamHome, where they will also find full details of the official rules and additional home features.
The three-bedroom, four-bathroom home sits at approximately 3,300 square feet with views of the Matanzas River and the St. Augustine Lighthouse. The home combines classic coastal elegance with modern touches and layers of natural textures drenched in soothing blue and white hues. Upon entry, guests will instantly be taken away by the beautiful views of the waterfront. The front door leads to the great room with an open concept, including a living room with sleek sofas and a fireplace, a dining room with a beach-inspired distressed table, and a bright blue cabinet-filled kitchen. The laundry room and well-organized mudroom sit between the kitchen and an attached two-car garage. The main bedroom looks up to airy skylights and offers a private retreat from the rest of the home with a walk-in closet and main bathroom.
The house is perfect for entertaining, with two guest suites and a loft that provides a cosy space with a wet bar and a mini fridge. The spacious backyard is a dreamy getaway with an outdoor kitchen and high-top bar, two fire features, a pool, and multiple outdoor entertaining spaces, including a screened-in porch with lounge and dining and a pergola with conversation seating.
Architect Michael Stauffer designed the home, and local builder Glenn Layton Homes brought it to life. The interior design was done by Brian Patrick Flynn.
2024 HGTV Dream Home features overview:
3-bed, 4-bath home with 3,300 sq ft
Views of Matanzas River and St. Augustine Lighthouse
Classic coastal elegance meets modern touches
The front door opens to a great room with an open-plan concept
Main bedroom with walk-in closet and main bathroom
2 guest suites and loft with wet bar and mini fridge
Spacious backyard with outdoor kitchen, high-top bar, fire features, pool, and multiple entertaining spaces
The HGTV Dream Home inspires millions of HGTV fans who enter for a chance to win every year. With this year’s home, we are showcasing Anastasia Island, which offers something for everyone from historical sites to year-round outdoor adventures.
Loren Ruch, Head of Content, HGTV
Anastasia Island is located off the northeast Atlantic coast of Florida, just east of St. Augustine, considered the oldest city in America. The 14-mile island is connected to the city of St. Augustine by the Bridge of Lions, giving access to everything from the charming cobblestone streets and powder sand beaches to historical sites and a wide range of activities. With a rich architectural history, Anastasia Island sits atop layers of local coquina stone formed from seashells used to build the Castillo de San Marcos, a national monument and the oldest fort in the United States. Visitors can explore the St. Augustine Lighthouse, Anastasia State Park, Matanzas Inlet, St. Augustine Amphitheatre and many other local attractions. With endless water sports, scenic boat rides, campsites and majestic views, this seaside escape is the perfect dreamy getaway to call home.
Sponsors of the 2024 HGTV Dream Home include Belgard®, Cabinets To Go, Delta Faucet, James Hardie Building Products Inc., LL Flooring, Mercedes-Benz USA, The Sherwin-Williams Company, SimpliSafe Home Security, Sleep Number®, Trex Company LLC, VELUX® No Leak Skylights, Viva®, Wayfair® and KitchenAid, and Maytag by Whirlpool Corporation.
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Mihaela Lica Butler is senior partner at Pamil Visions PR. She is a widely cited authority on public relations issues, with an experience of over 25 years in online PR, marketing, and SEO.She covers startups, online marketing, social media, SEO, and other topics of interest for Realty Biz News.
Many Americans are finding tiny houses, or those that measure several hundred square feet in size, are a welcome way to live. They can be both economical and eco-friendly, and some people say they simplify life, which can bring many benefits.
If you’re curious about tiny houses or are currently contemplating one, it’s important to know that financing these dwellings may be different than securing a traditional mortgage. Here’s a guide to tiny houses and how to secure funds to buy or build one.
What Is a Tiny House?
A tiny house is often defined as a home that is between 100 and 400 square feet. In contrast, the median size of a single-family American home is currently 2,014 square feet. That’s five times bigger than the biggest tiny home. Here are some other facts to know about this kind of dwelling.
• Owners live in their tiny homes themselves, rent them out, use them as a small vacation home or even build them as an accessory dwelling unit (ADU) on the same lot as their primary residence. Tiny homes may be on wheels, or they may sit on a fixed foundation.
• Prefab homes can be delivered complete to the site, or there are modular homes that require some assembly on site. Those who would rather build their own house can hire an architect or draw up plans to their own specifications. There are small homes in all kinds of styles, from a classic Colonial or Victorian to a ranch style or A-frame or ultra-modern design.
• Local zoning rules will determine whether or not a person can build or move into a tiny home. And building codes will determine things like ceiling height.
• Tiny houses may not have good resale value since they are such a specific type of home and are often highly customized. Before buying a tiny house as an investment property, it might be wise to consult a real estate investment professional.
💡 Quick Tip: Before choosing a personal loan, ask about the lender’s fees: origination, prepayment, late fees, etc. One question can save you many dollars.
Tiny House Pricing
In 2023, the average sales price for a single-family home was about $430,300. Tiny homes cost quite a bit less, with an average of $45,000. That price can vary up and down depending on the size of the home, materials used, and amenities (yes, some tiny homes have luxe, spa-style bathrooms, for example). The price of the building is not the only thing to consider.
Buyers of tiny homes must factor in the price of buying or leasing land on which to place the home if they don’t already own it, as well as the cost of hooking it up to utilities.
If the tiny home is on a foundation, there may be state and local property taxes to pay. If the tiny house is on wheels, though, there likely won’t be property tax assessed.
Recommended: Is Buying a House a Good Investment?
Financing the Land
If property needs to be purchased to have a place to put a tiny home, an option for financing is a land loan. There are three types of land loans: raw land loans, unimproved land loans, and improved loans.
• Raw land loans are for land that’s completely undeveloped with no electricity, roads, or sewer access.
• Unimproved land loans are for properties that have more access to amenities like utilities, but lack utility meters.
• Improved land loans are for land with access to roads, water, and electricity.
The size of the down payment and the interest rate of the loan will depend on what type of loan is needed. For example, lenders may consider raw land to be a riskier option than improved land and require a bigger down payment and higher interest rates.
Mortgages for Tiny Homes
Qualifying for a home loan for a tiny home may be tricky. Some lenders may not be willing to offer first or second mortgages for tiny home financing. However, if a tiny home has a foundation and complies with local building codes, it may qualify for certain mortgages.
Tiny homes may also qualify for what is known as a “chattel mortgage,” a mortgage for moveable personal property. The tiny home acts as security for the loan, and the lender effectively becomes the owner of the tiny home until the loan is paid off and ownership is transferred back to the borrower.
This differs from traditional mortgages that are secured by a lien on the property. Because the size of the loans are typically small, chattel mortgages may have relatively short terms, though interest rates may be relatively high.
Personal Loans
A personal loan can allow individuals access to money that they can use for any personal, family, or household purpose, from paying off credit cards to an effective tiny house loan. Depending on the lender, loan amounts can range from a few thousand dollars to $100,000. When the applicant is approved for a personal loan, they’ll receive the loan amount in a lump sum and pay it back in installments with interest.
Personal loans may be secured or unsecured. Unsecured loans are not backed with any collateral, and the interest rates currently range from about 6% to 36%, depending largely on the borrower’s credit score.
Secured loans are backed by collateral, such as personal savings, a car, or another home owned by the same borrower. They typically come with a lower interest rate than their unsecured counterparts. However, it’s important to note that if a personal loan is defaulted on, the borrower’s assets could be seized by the lender to repay the debt.
Home Equity Loans
The equity someone may have built up in a home they already own can be tapped to finance a tiny home for use as a vacation home, rental property, or ADU. A home equity loan is a fixed amount of money secured by a borrower’s home.
Usually, up to 85% of the equity accumulated in a home can be borrowed, though actual loan amounts will also depend on the applicant’s income and credit history. The home equity loan is repaid with monthly payments over a fixed term. And if the borrower fails to repay, the lender can foreclose on the house.
A home equity line of credit (HELOC) may be another option to finance a tiny home. HELOCs differ from home equity loans in that the borrower doesn’t receive a single lump-sum payment from the lender.
Rather, a HELOC gives the borrower access to a line of credit that can be drawn down, paid back, and drawn down again, if need be, within a certain time period. The HELOC is secured by the borrower’s home, so as with a home equity loan if the debt is not paid, the lender can use the home as collateral.
Loans From Tiny House Builders
A tiny house builder or contractor may be able to help secure financing through unsecured loans based on an applicant’s credit score, or secured loans backed by the value of the tiny home. These tiny-house loans may have longer terms and lower starting interest rates than personal loans, but they may require a downpayment.
RV Loans
If the tiny house has wheels and is certified as an RV by the Recreational Vehicle Industry Association, an RV loan may be another option for financing. Online lenders, banks, and credit unions may all offer RV loans. In many cases, the tiny house will serve as collateral for the loan, the same way a car would serve as collateral in an automobile loan.
Recommended: Guide to Buying, Selling, and Updating Your Home
The Takeaway
If you’re in the market for a tiny house, you may need to think beyond traditional mortgages. Home equity, HELOC, and personal loans, among other options, may be available forms of financing that can set you on your way to owning the tiny house of your dreams.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
The rapper, who’s been spending most of his time in Europe as of late, with paparazzi following him and wife Bianca Censori relentlessly while on tour, has just listed his uber-expensive Malibu pad for sale.
Designed by Pritzker Prize-winner Tadao Ando, the Malibu Road house is one of the lauded Japanese architect’s few projects on American soil — another one being Beyonce and Jay-Z’s $200 million house, also located in Malibu.
When Kanye purchased it, the property was being touted as part beachfront residence, part modernist sculpture, making it a great choice for the artist whose minimalist-yet-daring style choices often grace the front covers of magazines.
But not much is left, as the structure has been altered considerably during Kanye’s ownership.
The Vultures rapper bought the roughly 4,000-square-foot beachfront house just two years ago, in 2021, for a whopping $57.3 million — though it’s worth noting that the property was once listed for $75 million.
Retired Wall Street financier Richard Sachs, best known as the ex-boyfriend of former Full House star Ashley Olson, sold it to the recording artist and Yeezy founder.
Now, Kanye West listed the 4-bedroom, 5-bath Malibu abode for $53,000,000, with Selling Sunset star and Oppenheim Group founder Jason Oppenheim landing the listing.
“I wanted to have a listing with such architectural pedigree,” Oppenheim told PEOPLE, adding that the property’s Malibu Road location is “one of the most desirable areas in the world.”
We don’t know whether that means that the rapper’s house will be featured in the upcoming Season 8 of Selling Sunset, but if you’d like to take a look inside Kanye West’s house in Malibu, Jason already put the pictures up on his Instagram (though it looks like he used the listing photos from the home’s last run on the market):
Ye’s crumbled plans for the property
The Malibu house was no impulse buy.
Kanye West had big plans for his beachfront spread.
First, he said he would work with businessman James Goldstein to make it more like his famous Sheats-Goldstein Residence — another concrete-heavy, modernist abode that bears the signature of lauded architect John Lautner.
Then, according to TMZ, he set out to turn the architectural property into a “bomb shelter from the 1910s,” removing all windows and electricity from the home. Here’s how it looks like now:
The Gutted Crib https://t.co/2yopolYFXY
— Zack (@QueensIceZ) December 20, 2023
In fact, the rapper is even being sued by the former property caretaker and project manager he hired for the remodel.
Tony Saxon, who was reportedly hired in September 2021 as project manager, caretaker, and 24/7 security for the mogul’s Malibu home, is suing West, claiming he’s owed $1 million for the work he did on the property, which included several labor code violations.
“Tony worked as the construction project manager and 24/7 security guard when Kanye was having the home gutted, and Kanye put him through hell, violating numerous labor codes and employment laws in the process,” Saxon’s lawyer, president of West Coast Employment Lawyers Neama Rahmani, said in a statement released after news broke about Kanye selling his house.
“This house was ‘a Picasso on the water’ before Kanye ordered Tony to rip it apart. So, while we’re pleased Kanye may finally have the money to fulfill his obligations to Mr. Saxon, buyer beware.”
Now, what’s left of the Tadao Ando-designed home is a concrete shell exposed to the elements, per Robb Report.
How can Kanye’s house command such a high price in its current state?
If you’re wondering why anyone would consider paying over $50 million for a gutted house, or whether Kanye was completely off-base when setting the price, let us provide some context on how the property was priced.
#1 Location, location, location
We know all too well that location is the name of the game in real estate.
With enough funds, there’s almost nothing you can’t change about a house, except for location and lot size (and even the latter is debatable, as you can always purchase additional lots by convincing neighbors to sell).
But the location is the one fixed component that can command sky-high prices regardless of the state the structure is in.
And Kanye’s house is located on Malibu Road which is, like Jason Oppenheim said, “one of the most desirable areas in the world.”
The entire area is lined with million-dollar houses, often priced well above the $10 million mark. And Malibu in itself is prohibitively expensive, with the median listing price for homes in the area standing at a hefty $6.5 million.
#2 Architectural pedigree
Many million-dollar homes often come with name-bragging rights — and Kanye’s house excels here.
But there’s a whole other level of name-dropping that comes with owning a home envisioned by one of our generation’s leading architects.
Tadao Ando is an award-winning contemporary architect best known for his minimalist concrete structures, which have attracted some of the world’s biggest stars, from Beyonce and Jay-Z — who paid $200 million to buy one of Ando’s Malibu projects, setting a new record for the most expensive home ever bought in Califonia — to West’s ex-wife, Kim Kardashian, who’s currently working with the architect to build a home on an undeveloped plot of land in La Quinta, California.
And Malibu’s architecturally distinct properties often command sky-high listing prices.
For proof, look no further than this $59M Ed Niles-designed house that combines glass, steel and Feng Shui principles or architect Harry Gesner’s former personal home, the $22.5M Sandcastle House in Malibu.
#3 Building costs
Beyond the design element, building the property on the beachfront lot was no easy feat.
Construction required 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 pylons to keep it from sinking into the sand, a feat that undoubtedly required millions of dollars.
#4 Beach access & ocean views
The property has direct access to the beach and offers stunning views of the ocean.
It has three levels with the ensuite guest rooms on the lowest floor, the living room and kitchen on the middle floor, and the master bedroom and rooftop terrace on the topmost floor — all opening up to unobstructed ocean views, a luxury that commands a premium in any market.
Now, it remains to be seen whether Kanye’s listing price is realistic or not, and if his star power coupled with the highly desirable location and the house’s architectural pedigree will attract a buyer willing to pay top dollar for the Malibu pad.
Those of us who are hooked on Selling Sunset already know that Jason Oppenheim isn’t a fan of properties priced over the $50 million mark, so it’s unlikely that he would have taken on the listing if he thought the price was unrealistic.
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Featured image credit: Google Maps, inset Cosmopolitan UK, CC BY 3.0, via Wikimedia Commons
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In the coveted Los Angeles neighborhood of Los Feliz, every residence tells a story, and every street corner holds a piece of Hollywood history.
This hillside enclave, gracefully abutting Hollywood and weaving through parts of the Santa Monica Mountains, offers a unique blend of metropolitan allure and serene, natural landscapes — and owning a home here is a symbol of status and exclusivity.
The neighborhood is anchored by one of the largest city-owned parks in the country, the historic Griffith Park, a cornerstone that lends the neighborhood an air of tranquility, uncommon in large urban settings.
“Due to the proximity to historic Griffith Park, Los Feliz enjoys less density and more natural ambiance than most other large metropolitan areas,” shares Konstantine Valissarakos, one of the most preeminent real estate agents in Southern California, deeply acquainted with the area’s charm.
The neighborhood is also home to the two Los Feliz Villages, brimming with quaint, world-class restaurants and amenities. These local treasures craft a sense of belonging, making residents feel part of a “loving neighborhood” – a sentiment hard to find in the bustling city of Los Angeles.
“The two Los Feliz Villages offer quaint, world-class restaurants and amenities, making Los Feliz residents feel like they are in a loving neighborhood,” Valissarakos added, noting that “Los Feliz compares in popularity to other worldwide destination cities where the inhabitants can live anywhere globally that they want and feel special.”
Known for being a top home-buying destination for A-listers and architecture aficionados alike, the area has witnessed a significant surge in home prices, reflecting its growing demand.
“Los Feliz is home to many celebrities. Home prices have gone up in Los Feliz in recent years to match the demand,” the agent adds, highlighting the neighborhood’s appeal. “Finding a characterful or historic home in Los Feliz, akin to an art piece residence, has become a coveted dream for many.”
So then, what homes can you find in the sought-after area?
We’ve reached out to some of the top real estate brokerages with active listings in the area, to give you a feel of the type of homes you can buy in Los Feliz — but be warned, they come with steep price tags.
These figures, though eyebrow-raising, are not at all uncommon for Los Feliz, a Los Angeles neighborhood that has luxury and exclusivity woven into its very fabric.
Standout Los Feliz houses for sale, from a sprawling $38 million historic estate to a film director’s fully restored Tuscan chateau
Owning a piece of Los Feliz is not just about buying property; it’s about embracing a lifestyle desired by many but lived by a few.
And the following listings, all of them Los Feliz houses with a storied past and highly desirable attributes, stand as a testament to the caliber of properties that you can find in the sought-after area. Let’s take a closer look, shall we?
#1 The Cockerham Estate, a $38 million Old World Tuscan chateau
The crown jewel of the neighborhood, the Cockerman Estate is a beautifully reimagined 1914 historic property that’s currently both the largest and highest-priced house for sale in Los Feliz.
Custom-built for Los Feliz’ prolific developer William Mead in 1914, the multi-structure private compound spans two acres and is anchored by a 20,000-square-foot mansion, offering 9 bedrooms, 9.5 baths, and an endless list of upscale amenities.
Meticulously renovated throughout by its current owners, entrepreneur Myra Chan and her husband — with design and oversight by prized architect William Heffner AIA of Studio William Heffner — the Cokerham Estate welcomes visitors with a grand 2-story entry with sweeping staircase and honed marble floors that sets the stage for the luxury we find inside.
Notable features include an elegant library and living room with imported stone fireplace, a bar/lounge (also with an eye-catching fireplace and custom wood details), an expansive kitchen with a breakfast room, fireplace, center island, and a separate prep kitchen along with a covered heated terrace and full outdoor kitchen.
We’d also like to give a nod to the massive primary with a sitting room suite, marble fireplace, terrace with views, his and hers baths, and large walk-in closets.
Listed for $38,000,000 with Brett Lawyer of Carolwood Estates, the massive Los Feliz house also comes with a lower-level entertainment space (which includes a bar and lounge), a home gym with head-on city views, a steam room, infrared sauna and salon/glam room area, and an oversized garage with elevator directly servicing all floors.
#2 A Spanish Colonial Revival estate that dates back to 1929, listed for $15.9M
A timeless gem, this Harry Hayden Whiteley, AIA-designed estate blends the grandeur of Mediterranean estates with the allure of old Hollywood glamour.
With 5 bedrooms and 9 bathrooms in the principal residence and 1 bedroom and 2 bathrooms in the detached guest house, the estate sits proudly on a nearly one acre-sized lot, offering sweeping views that stretch across the LA basin and beyond.
The home greets visitors with a grand two-story rotunda entry, adorned with hand-painted art and a sweeping staircase. The grand living room, featuring hardwood floors, an ornate fireplace, and a balcony, overlooks a pool and the cityscape.
A library with a unique coffered ceiling and a Prohibition-style bar, and a majestic dining room with a wood ceiling and French doors to a veranda enhance its appeal.
The chef’s kitchen is equipped with top-grade appliances and a large island. Upstairs, five luxurious bedroom suites preserve the 1920s charm, with the primary suite offering a spa-like bathroom and walk-in dressing closets.
Additional features of the $15.9 million Los Feliz house — listed with top producer Rita Whitney of The Agency — include a gym, a 2,200+ bottle wine vault, a media room with a wet bar, and a sauna. Lush grounds, a four-car garage, and a motor court complete this exquisite Southern California estate.
#3 An Architectural Digest-featured $9.9M house that’s a piece of Hollywood history
Set on one of Los Feliz’ most coveted streets, Bonvue Avenue, this 5,447-square-foot home is like a trip back in time to Hollywood’s golden era.
And its beauty was just as appreciated back then as it is now — the Spanish Colonial was even featured in Architectural Digest soon after it was built, in 1925.
Sited hillside, the multi-tiered property at 4808 Bonvue Ave takes full advantage of panoramic city views while providing complete privacy at street level. The property is listed at $9,995,000 with Marci Kays and Jonathan Mogharrabi with Carolwood Estates.
Offering 5 bedrooms and 6 baths, the meticulously renovated and well-maintained Los Feliz house features a double-height grand living room with coffered, hand-painted ceilings, towering French doors, a step-down den and wet bar, all accessed from the scene-stealing foyer staircase.
The imported English wood-paneled formal dining room includes a second-level verandah, an ornamental plaster ceiling, and stained glass vignettes — a bespoke detail that runs throughout the home and compliments the many hand-painted oak doors.
A chef’s kitchen, 600-bottle wine cellar, elevator, family room, library, staff rooms, and home offices all round up the home’s interior amenities.
But the amenities continue outside, where the extensive grounds feature multi-level terraces, gravel pathways, hidden gathering spaces and repurposed speak-easy, outdoor dining, and an abundance of fruit trees.
A formal lawn with a period fountain leads to a private pool that’s only visible from the home, adding an extra note of charm and seclusion.
#4 Villa Collina, a $7.245M trophy estate once owned by film director James Whale
Remember when we said that most Los Feliz houses tell a story, and every street corner holds a piece of Hollywood’s history?
This following property is no exception, as it was once home to lauded film director James Whale, best known for directing classic horror films including Frankenstein (1931), The Old Dark House (1932), The Invisible Man (1933), and The Bride of Frankenstein (1935), among others.
Before it was purchased by James Whale, Villa Collina was originally built for Clement E. Smoot, an American golfer who competed in the 1904 Summer Olympics — where the American team won the gold medal.
The architect, Henry Harwood Hewitt, is known for designing several staple properties across Los Angeles, including poet Alice Lynch’s former home and the Westlake Masonic Temple in Los Angeles in 1914.
Touted as a “One-of-a-kind authentic dramatic Old World Tuscan chateau in epic setting on a huge flat hilltop lot in prime Los Feliz” per the listing, the 4-bed, 4-bath villa was completely restored before hitting the market for $7,245,000.
Nourmand & Associates agent Konstantine Valissarakos and Richard Yohon at Sotheby’s hold the listing.
Among its many features, 4565 Dundee Drive lists an entertainer’s kitchen with chef’s appliances, built-in breakfast nook and French doors, a primary suite with a fully updated deluxe bath with double sinks, a private office and den, and a redesigned hotel-style full guest apartment which doubles as an oversize spa.
Outside, a well-groomed garden, landscaping, and fountains bring peace and tranquility to the property, while a backyard oasis — with a tiled Roman pool and gazebo with built-in seating — lets guests and residents take in the stellar views.
#5 A Weber and Spaulding-designed architectural gem listed for $5.995M
Before Sumner Spaulding and Walter Weber — the architects behind silent film star Harold Lloyd’s 44-room Greenacres mansion — designed Santa Catalina Island’s storied Catalina Casino, they created this residential gem in Los Feliz.
Located in prime Los Feliz at 3659 Shannon Road, the home was designed to make the most of the panoramic views of the hills and LA city lights with original oversized French doors opening up from the first floor onto the sunny backyard, outdoor dining area, and pool deck.
Boasting 7 bedrooms and 7 baths across 6,408 square feet of living space, the 1928-built home retains many original features, including the classic moldings, hardwood floors, built-ins, the dumbwaiter, and double staircases.
Other unique features of the elegant Los Feliz house include three fireplaces, a first-floor library, a formal dining room, living room, and family room, a first-floor bedroom suite, and a dramatic arched hallway connecting the 6 bedrooms upstairs and the office.
There’s also a massive family room with a fireplace on the lower floor, which opens to a separate section of the yard.
This beautiful property is also listed with Konstantine Valissarakos of Nourmand & Associates and Rick Yohon of Sotheby’s.
Which one of the striking Los Feliz houses above do you like most?
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