The ultra-luxury real estate market is suffering from massive price reductions that have forced the owners of some exclusive properties to drop their asking prices by millions of dollars.
CNBC reports several examples of this trend towards “mega price reductions” in the most expensive real estate listings in the U.S. For example, a sprawling family estate in Manalapan, Florida has had its price reduced by a massive $57 million over the last 12 months, and is now down to just $138 million. There’s also a mansion in Bel Air, California, that is now selling for $188 million, having previously been listed at $250 million – the U.S.’s most expensive real estate listing at the time.
Real estate analysis firm Redfin says these reductions, and others, point to a larger trend of price reductions in the ultra-luxury market that has seen over $1 billion in collective price cuts in the second quarter of 2018 alone. Throughout this year, 12 percent of homes listed at $10 million-plus have seen price drops, which is twice the number of such properties that slashed their prices in 2015 and 2016.
CNBC adds that many of the ultra-luxury homes that have had major price cuts and eventually sell do so at even less than the reduced asking price. One mansion in the Hamptons, a popular vacation home area for New York’s wealthiest residents, sold for around $50 million this spring, having been first listed at $100 million in 2008 and reduced to $72 million before its sale.
“There could be an oversupply of these high-end homes,” Redfin Senior Economist Taylor Marr told CNBC by way of explanation.
However CNBC says other factors could be affecting the market too.
“The high-end real estate market has seen steep price cuts in recent months as foreign buyers dry up, new tax laws bite the wealthiest states, and sellers realize the market peak of 2014 to 2015 isn’t coming back anytime soon,” CNBC said.
It also noted that things such as federal tax laws, which limit deductions of state and local taxes, could be putting pressure on luxury real estate in high-tax states.
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
Step into a world where sleek lines, open spaces, and a harmonious marriage of form and function reign supreme.
Mid-century may be a classic style from the mid-1900s, but homes built in this style have a timeless appeal. With their distinct architectural features — which often include flat roofs, horizontal planes, and geometric shapes — they embrace simplicity, functionality, and a seamless integration with the surrounding environment.
Nature and lifestyle were key when designing mid-century houses, so many of them were built with floor-to-ceiling windows with views of the yard, sliding glass doors, and many access points to the outdoors.
Incorporating clean lines and basic shapes, simple furnishings, a practical Scandinavian approach with muted color palette, and warm inviting earth tones, simplicity is a notable characteristic of mid-century design. Mid-century modern homes also used spaces efficiently with their split-level design, which makes it easy to see why the this architectural style continues to fascinate with both its practicality and its aesthetic appeal.
Our favorite midcentury modern houses
For those who want to immerse themselves in the world of midcentury beauties, we’ve rounded up our favorites. Carefully restored by their owners while preserving their original character and incorporating modern amenities and technologies, we believe the examples below have done a great job at striking a balance between maintaining the historical integrity of the house and making it functional for contemporary living.
Without further ado, here are 13 stylishly refreshed-yet-classic mid-century modern houses that we’ve covered in the past, many of which had some quite famous owners (or architects).
#1 A secluded mid-century modern home with unique features and views of lush surroundings
There is so much to love about this Santa Clarita property — which was home to ‘Dallas’ Star Linda Gray for almost FIVE decades. Named Oak Tree Ranch after the stunning oak trees that grow on the property, the private California compound has many unique features.
Designed by acclaimed architect A. Quincy Jones, the mid-century house is unquestionably elegant and captivating. True to the principle of bringing the outside in, the floor is made of heart pine, (meaning the heart of the pine tree), sourced from a New Orleans schoolhouse.
The freestanding fireplace is another unique feature of this property. The kitchen was designed by renowned architect Josh Schweitzer who added beautiful racks to hang pots and pans out in the open, pro-style appliances, and a pizza oven.
Sitting on 2.7 acres of lush land, the property has stables for four horses, a tack room/barn, a north-south tennis court, a large swimmer’s pool with spa, organic gardens, koi pond, chicken coop, and an endless lawn to enjoy the outdoors.
#2 This mid-century modern home built by Steele & Van Dyk resembles a semi-secluded paradise
The 8.86-acre property located in the Sonoma County town of Sebastopol is one of the most spectacular (and most lovingly preserved) mid-century homes you’ll find.
It was once owned by Charles M. Schulz, the creator of the beloved comic strip Peanuts and his children have fond memories of the property, which was used by their father as a creative studio.
There were several lots on the original 27-acre property such as Schulz’ main house, his grandmother’s house, a large pond, a baseball field, a miniature golf course, a large swimming pool, an enclosed entertainment pavilion, and his studio, all surrounded by vineyards and apple orchards.
The family who bought the property after Charles Schulz’ ownership made a few changes to the studio but made sure not to alter the nature of the design.
They renovated the studio and turned it into an inviting one-bedroom home which operated as a licensed vacation rental for a few years.
True to the architecture of mid-century modern houses, the former art studio has clean lines, minimal decoration, and large, flat panes of glass windows and doors which allow a connection with nature.
With the home surrounded by natural beauty, you’ll find a four-hole golf course, Redwoods groves, and walking trails lined with numerous rhododendrons, azaleas, camellias, dogwoods, several varieties of ferns, fruit trees, and plenty of flowers.
#3 One of legendary architect Frank Lloyd Wright’s last projects, a mid-century masterpiece
Sitting on 14 acres of protected land in New Canaan, Conn., we find one of legendary architect Frank Lloyd Wright’s final projects, built in 1955, just a few years before his death in 1959.
Known as Tirranna — a moniker inspired by an Australian Aboriginal word meaning “running waters”, as the home is cantilevered over a pond and overlooks a waterfall on the Noroton River — the property is one of Frank Lloyd Wright’s largest residential properties.
The architect also lived here while building the Guggenheim Museum and even used some of the scalloped glass windows from the Guggenheim Museum project to complete the home’s south-facing greenhouse.
Clocking in at a generous 7,000 square feet, the 7-bedroom, 8.5-bath home blends geometric complexity with nature’s flowing curves, in typical Frank Lloyd Wright style.
Throughout the home, the architect combined and contrasted soaring ceilings and open living spaces with cozy and cocoon-like mahogany-paneled bedrooms.
The home’s functional wood-paneled and stainless-steel kitchen epitomizes the mid-century modern aesthetic, while each of the bathrooms are spa-like and adorned with spectacular wood panels and unique features.
#4 A Mid-century home in Palo Alto that has maintained the integrity of its original design
This mid-century modern home is so simple that it reads as sophisticated.
It bears the signature of internationally recognized architect and Frank Lloyd Wright protégé Aaron Green. The 3-bed, 2-bath home features extensive use of mahogany, slab floors with radiant heat, built-in beds, desks and dressers, and Formica counters.
With flat roofs, both the exterior and interior have a clean and functional design. Inside the home, there is minimal decoration and the various cabinetry adds depth and variation in elevation.
The large windows give magnetic views of the yard. All in all, a gorgeous home updated for modern living while still retaining its mid-century authenticity.
#5 One of the most spectacular mid-century modern houses with a Moroccan theme and great views of the Coachella Valley
This stylish home is located in a compound in Rancho Mirage’s Thunderbird Heights — a prestigious gated hillside community adjacent to Thunderbird Country Club.
The mid-century home was custom-built for famous entertainer Bing Crosby and his second wife, Kathryn Grant, and was an absolutely perfect fit for its celebrity owner who loved to live large.
Among its most striking features, Bing Crosby’s former home lists a large living room with a stone fireplace and bar, a chef’s kitchen, a movie theater, and a beautiful and spacious 1,400-sq. foot master suite with a stunner of a walk-in closet and a fireplace, as well as four additional en-suite bedrooms.
Spread over 1.36 acres of land, the phenomenal home has approximately 6,700 square feet of living space that extend into the outdoor areas.
The home’s most famous guests, though, were definitely Marilyn Monroe and John F. Kennedy. In honor of their stay there, the two-bedroom attached casita has been named the JFK Wing.
#6 An architectural gem with mesmerizing views of its lush surroundings and direct entrance to Rustic Canyon Park
Set in Los Angeles, this mid-century home designed by notable architect David Hyun has formerly been the residence of prominent entertainment lawyer Gary Concoff and his wife Jean.
The house dubbed ‘the Modern Tree House’ has large floor-to-ceiling windows which provide scenic views of the century-old trees that surround it and encourage a sense of harmony with the outdoor spaces it’s built around. The combination of the large windows and open floor plans let in a lot of beautiful natural light into the two-story home.
Notable features on the lower level of the house include an eat-in Eggersman kitchen, a full-service bar, a formal powder room, and three bedrooms. The distinctive spiral staircase leads to the primary suite upstairs fitted with generously sized closets as well as two separate offices and a large den/media room.
The massive backyard of the nearly quarter-acre property features a large swimming pool, a unique area for dining set amongst the trees, and a gate directly into Rustic Canyon Park, said to be one of the best parks in Los Angeles.
#7 The lovely mid-century modern house Richard Neutra designed for his secretary
One of the most impressive celebrity homes on our list, Red Hot Chili Peppers bassist Flea’s house is made out of two architecturally significant structures: The first is a modern heptagon-shaped house designed by AD100 architect Michael Maltzan and the other is a lovely midcentury-style house built by famed architect Richard Neutra in the early 1950s.
Clocking in at 1,350 sq ft, the midcentury-style home has 2 bedrooms, and one bath, and is surrounded by walls of glass.
The home was built by Richard Neutra for his secretary, Dorothy Serulnic and her husband, George, back in 1953. Neutra, one of the most influential architects of the twentieth century, made sure that his secretary’s home is as livable and comfortable as it is visually appealing.
He designed several built-ins including a sofa system with a record player and concealed speakers, multiple desks, shelving systems, a dining room table, and a sliding breakfast nook, which are still present in the house today (or, rather, were still there when Flea tried offloading his La Crescenda compound a while back).
Architect Michael Maltzan then built a dramatic, seven-sided house on the property half a century later. The spaceship-like house is surrounded by seven exterior walls (some made out of glass) and is anchored by an open-air courtyard that sits right at the center.
A small cabin built by artist and craftsman Peter Staley provides a little extra space for guests and an eye-grabbing feature.
#8 Master architect Richard Dorman’s award-winning home, the Seidenbaum Residence
Tucked away down a long private driveway into a quiet, secluded compound we find architect Richard Dorman’s Seidenbaum Residence.
With its timeless appeal and unique design, the home is nestled in the Hollywood Hills on Mulholland Drive, overlooking outstanding views of the San Fernando Valley and the Hollywood sign.
Spanning 3,198 square feet, the five-bedroom, three-bathroom home has two peaked roofs and clerestory windows that capture the California sunshine inside the main living area.
Boasting an open-concept layout, the home blends mid-century and modern designs. From the dining and main living areas to the kitchen, the fluid design captures a sense of tranquility amid the walls of glass that draw in the natural light.
Providing warmth and intimacy, the see-through, double-sided fireplace is a show-stopper in the great room.
#9 This elegant home with a zen factor beautifully remodeled for modern-day living
Originally built in 1955, this home offers a fresh, contemporary take on the timeless midcentury style. Esteemed architectural firm OWIU (which stands for the only way is up) updated the property, building on its mid-century modern legacy.
The 1,516-square-foot home is in Mount Washington, a historic neighborhood in the San Rafael Hills of Northeast Los Angeles. It has bright, warm interiors, and is filled with the natural finish of attractive light oak wood.
The house — which has retained its original charm —is all about comfort, timeless design, and an approachable elegance.Kane Lim from the popular reality show Bling Empire was once the owner of this beautiful property.
It has all the standard features of a mid-century home and then some,with floor-to-ceiling windows, clean lines, breathtaking views, and a deck in the primary suite that leads to a Japanese-style garden with bonsai and maple trees.
The house’s exterior has fresh pathways and gardening beds, a gate that leads to the lower portion of the property, and a large open space that has a sculptural staircase and custom wood bench surrounding a fire pit.
#10 A charming, thoughtfully updated former celebrity home on a quiet hilltop
On a quiet hilltop right above the famed Mulholland Drive sits a 4-bedroom hilltop hideaway once owned by power couple Emily Blunt and John Krasinski.
The secluded, single-level mid-century home has a large open plan design and walls of glass that allow light to enter rooms from multiple angles.
With soaring, beamed ceilings, wide plank hardwoods, and original stonework, the living room is as eye-catching as it is inviting and features a gas fireplace.
The primary bedroom suite is one of the main highlights of this home and it looks and feels like a retreat in itself. With its vaulted, beamed ceilings, and massive windows inviting the outdoors in, a sitting area, custom built-ins, a walk-in closet, and a marble-clad ensuite bath with a soaking tub and steam shower, it truly is a stylish and elegant space.
The flagstone patio is surrounded by mature oak and olive trees and features a bubbling fountain, making it a great place to relax and soak in the picturesque views of mountains, the canyon, and the slivers of the city skyline.
#11 A spectacular stilt house with jaw-dropping views and a unique taste of Los Angeles history
Nestled in Sherman Oaks, Los Angeles, this is one of 17 unique homes propped up over the side of the Beverly Glen Canyon. The mid-century house was tastefully modernized by its previous owner, acclaimed architect Donald M. Goldstein. It’s undoubtedly a part of architecture history in Los Angeles.
Known as Neutra’s Platform Houses because they were originally designed by legendary architect Richard Neutra, these gravity-defying homes are incredible. Also known as the Stone-Fisher Speculative Houses (as they were built for the Stone-Fisher development company), the unique abodes were later completed by architect William S. Beckett.
The one-story home creates the illusion of a floating vessel in the sky. The unique structure has a rectangular form, horizontal emphasis, long balconies stretching the full width of the house, and large windows to display magnificent views of the San Fernando Valley.
Some of the notable features of the 2-bedroom, 2-bathroom home include pyramid skylights, raised ceiling and roof lines, a 300+ bottle wine cellar, a Roman soaking tub, and its black metal exterior is coated with a 24-gauge Kynar finish.
#12 A classic mid-century house in a prime location with a long list of past celebrity owners
The star-studded Los Angeles Tree House — carefully tucked away from prying eyes in the famous Mulholland Drive — has attracted names like Ellen DeGeneres, Heath Ledger, and Hunger Games star Josh Hutcherson as its owners.
The charming home with its lush surroundings is as serene as it is private. Inside, the clean mid-century modern style is warmed by a blend of natural textures, with walls of glass opening the home to the beautifully landscaped outdoors.
The home’s most extraordinary feature is its expansive 2,500-square-foot outdoor deck which is pretty phenomenal.
It overlooks the leafy treetops illuminated with ethereal lights at night and is furnished with an outdoor grill, lots of seating areas, and an open-air screening room with a retractable projection screen.
#13 A two-story mid-century gem in Bel Air with artsy appeal
Set in a quiet cul-de-sac, the 5,134-square-foot mid-century modern home features 5 bedrooms and 4 baths and has been fitted with everything from stone counters to auto window shades, radiant limestone floors, and high-end SS Thermador appliances.
The two-story Bel-Air home features dramatic vaulted ceilings that soar over the living, dining, and family rooms.
With its seamless indoor/outdoor living, scenic surroundings and the floor-to-ceiling windows and doors that are popular in mid-century modern houses, the house is flooded with natural light.
The home’s interior is stylishly refreshed with inviting warm-toned furnishings providing a relaxing and enriching experience, with art and pops of color accenting its midcentury aesthetic.
Midcentury modern houses continue to captivate and inspire with their timeless charm and architectural elegance. From their clean lines and expansive windows to their innovative use of materials, these houses represent a design movement that has left an indelible mark on the world of architecture, one that will continue to attract homeowners and renovators for years to come.
Especially since, as we’ve seen with the examples listed above, updating these midcentury gems creates true masterpieces.
Despite its shockingly low ratings, The Idol has managed to claim a top spot as one of the most popular newly released TV shows.
The provocative HBO series, which airs on Sundays at 9:00 p.m. ET/PT on HBO, has been stained with controversy even before it premiered. From production drama to script rewrites, the show had quite a few obstacles to overcome before making its way on our screens.
While many find The Idol scenes hard to watch, there’s one thing we can all agree on – that mansion featured on the show is undoubtedly stunning. The palatial estate, which serves as Jocelyn’s home base is actually The Weeknd’s real-life home, and he spent an insane amount of money on it.
The Idol’s controversial debut
Hitmaker Abel Tesfaye, best known as The Weekend, collaborated with Euphoria creator Sam Levinson to write, create, and produce the show.
Tesfaye stars as Tedros, a cult leader who develops a toxic romance with pop star Jocelyn, played by Lily-Rose Depp. The series marks Tesfaye’s first major acting role, after appearing briefly (as himself) in Josh Safdie’s Uncut Gems in 2019.
Before The Idol’s press tour began, Rolling Stonewrote an exposé detailing a toxic production set, which led to director Amy Seimetz’s departure. The editorial piece called the show “twisted, torture porn”. Seimetz was later replaced by Levinson, who rewrote the show almost completely.
“It was like any rape fantasy that any toxic man would have in the show — and then the woman comes back for more because it makes her music better,” one source told the publication.
Meanwhile, Depp has defended the show several times in interviews, saying she never felt objectified or exploited despite being half-naked in scenes.
Showrunners Levinson and Tesfaye maintain that the public backlash was expected all along.
”We’re playing with genres with this show, we’re doing exactly what we wanted to do,” Tesfaye told People. “And none of this is a surprise.”
How The Weeknd’s $70 million mansion ended up playing the part of Jocelyn’s house on The Idol
The Blinding Lights singer dropped a whopping $70 million for his 33,000-square-foot Bel Air mansion back in 2021.
It was the largest, most expensive real estate deal in Los Angeles that closed that year, earning Tesfaye a spot in our list of the most expensive celebrity homes in recent history.
We won’t overwhelm you with the never-ending list of amenities the star’s mansion packs between its walls, but you can read all about The Weeknd’s extravagant property here.
At the time of purchase, there were no plans of using the mansion as a filming set. But, as production was shaken up, they needed a quick resolution.
“If we were going to reshoot from the beginning, I knew it had to be for less money. Sitting in Abel’s house, looking around at the 40,000 square feet, I said, ‘It’s stunning here—you can’t buy production design like this. What if we shoot it here?’” Levinson told GQ.
The megamansion came complete with luxurious amenities, expansive grounds, and gorgeous views, making it the perfect shooting venue.
Everything We Know about The Weeknd’s House, a Sprawling $70M Mansion in Bel-Air https://t.co/ke6NRgiacH
— Fancy Pants Homes (@FancyPantsHomes) October 21, 2021
There was little done to change the interiors and the singer’s personal home decor can be seen throughout the episodes. According to Levinson, he and his wife “essentially moved into Tesfaye’s house” during filming, while The Weeknd moved out to protect himself from blurring the lines between fiction and reality.
With the mounting negative feedback, the show’s fate for a second season remains unclear. Recent reports indicate that the series will conclude earlier than its initially planned six-episode runtime, wrapping up at the end of the fifth episode.
Several outlets claimed, however, that Levinson’s iteration has always been billed as a five-episode series, so it remains to be seen if Lily-Rose Depp, The Weeknd, and Jocelyn’s house return to our screens for a second season.
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This 1975 design, inspired by midcentury modern architect John Lautner, is flawless. And the home’s workmanship and materials, which include premium wood, glass, and stone, are impeccable.
The list price for this slice of paradise is $4,995,000; but if you’d rather try before you buy, you can lease the three-bedroom, 3.5-bath, 3,000 square-foot home for $17,500 a month.
And the location, nestled in its own private Bel Air canyon off Beverly Glen, is surprisingly convenient.
The home last sold in 2021 for $3,175,000.
Its extensive glass walls, skylights, and cantilevered bedroom wings set it apart from all others.
“This home has this charming feel to it, with incredible energy,” says Daniel Milstein, who is listing the property with Aaron Kirman, both of AKG | Christie’s International Real Estate. “If you want to live in a private nature oasis, yet close to the sights and sounds, this is it. The incredible architecture is breathtaking and works perfectly in this unique, abundant space.”
The impressive, wood-clad entry leads to an airy, two-story great room, illuminated by skylights and crowned by the second-floor gallery.
The lovely dining area is adjacent to an upgraded chef’s kitchen, where more windows flood the space with natural light.
Up the winding, modern staircase, there’s a glittering master suite with spa amenities. Further up, there is a third-floor landing with a guest suite and private deck.
Multiple decks, balconies, dining areas, and terraces beautifully mesh together this hillside home with its grassy yard and outdoor spaces.
And while many of its virtues are apparent to the naked eye, the house has a whole slate of hidden, high-tech features— a smart home system, automated lighting, a built-in sound system, and automatic blinds, which are essential in a home with this many windows.
If we were to ask you to imagine your dream home, what would your mind conjure up?
Perhaps you’d love a penthouse in the skies or a palatial property with sweeping gardens. What about a lush forest paradise away from civilization or an opulent oceanfront property?
Maybe a hillside mansion with an infinity pool or a good ol’ swanky apartment in a coveted address is more your style.
What if we told you that you no longer need to choose just one view or destination because you can have it all?
Welcome aboard the NJORD, a one-of-a-kind superyacht that redefines luxury living as we know it.
Aptly named after the Norse god of the wind and seas, NJORD is being developed by Ocean Residences Development and German shipyard, Meyer Werft.
A look at the luxury homes aboard the NJORD Superyacht
Once completed, NJORD will offer 117 private residences that range from 1,500 to 9,000 square feet with two to six bedrooms. There will also be 16 duplexes and triplexes that have their own private elevators.
The prestigious homes will be priced from $8.5 million to $70 million.
The project is expected to be completed by 2026, but the first ten homes aboard the NJORD Superyacht are already up for grabs. And they’re quite spectacular!
To add a personalized touch, the developers have brought many interior designers and architects on board including Kelly Hoppen and David Linley who have worked on the first 10 units as well as Jean-Michel Gathy, Francesca Muzio, Sabrina Monteleone, Taylor Howes, and 1508 London.
Future residents can choose from 15 different floor plans and — while each residence is intended to be unique — there are also certain similarities like floor-to-ceiling windows, smart home technology, Gaggenau appliances, and of course, private balconies with spectacular views of the ocean.
The epic 948-feet superyacht also includes other features like gourmet kitchens with custom cabinetry by Studio Becker, walk-in closets, ensuite bathrooms, personalized housekeeping, laundry, and tailoring services.
The luxury doesn’t end there though.
The vessel comes with a travel and excursion concierge for the more adventurous residents, a Eurocopter 160, four superyacht limo tenders, two dive and fishing boats, a dive center, and an excursion lounge.
All of the residents’ culinary requirements will be taken care of in the six world-class restaurants and bars on board.
For the health and mental well-being of residents, there’s the Chenot Spa and Wellness Center and a Chenot Gym and Fitness Center.
Other than that, there’s also a telescope space observatory, a golf simulator and pro shop, a gourmet market and shops, a kids club, outdoor terraces, and multiple pools.
Lastly, the party never has to end thanks to the onboard nightclub, jazz lounge, and 10,000 -bottle wine cellar.
The first 10 private NJORD residences are now on the market
While the groundbreaking residential project is only slated for completion in 2026, the first private homes aboard the superyacht have recently been listed for sale.
The sales and marketing for the first ten residences aboard NJORD will be led by global real estate brokerage The Agency, with CEO/founder Mauricio Umansky and principal & managing partner Santiago Arana at the helm.
“We are proud to represent the sales and marketing for the first ten incredible residences aboard NJORD, one of the most innovative and exclusive residential offerings in the world,” says Mauricio Umansky.
“With its thoughtfully designed residences, endless array of amenities and philanthropic and scientific purpose, buyers have the unique opportunity to live aboard one of the finest vessels to ever be built,” Umansky added.
If Mauricio Umansky’s name rings a bell but you don’t know where from, you might know him from The Real Housewives of Beverly Hills (he’s Kyle Richard’s husband).
You’ll also be seeing a lot more of him on Netflix’s Buying Beverly Hills, which follows him and his stellar team of real estate agents. And we’re kind of hoping the new reality series will also give us a closer look inside the NJORD Superyacht and its luxury residences.
“We’re delighted Mauricio Umansky and Santiago Arana of The Agency will be at the helm of sales and marketing for the first ten luxury residences aboard NJORD,” said Kristian Stensby, Founder and CEO of Ocean Residences Development.
“With their combined record-breaking career success, global reach and white-glove service, we can’t think of a better team than The Agency to represent NJORD, the finest address everywhere in the world.”
Luxury meets sustainability
NJORD is more than just a collection of upscale residences.
It’s an adventure around the globe and, according to Alain Gruber, COO of Ocean Residences Development Ltd, residents can choose to either completely relax or participate in the activities and expeditions planned by the concierge.
The best part about NJORD (other than the fact that you will get to circumnavigate the planet) is that you will do so sustainably.
The developers aim to build it under strict environmental regulations to minimize its carbon footprint.
The vessel will not only use carbon-neutral fuel but also include a professional oceanographic laboratory, a cloud computing system, multibeam echo sounders, and other resources to help the scientific community tackle environmental issues like climate change.
Talk about a new wave of residential living!
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Featured image credit: Howard Nourmand courtesy of Nourmand & Associates
A home is a symbol of status.
That sentence rings true whether you live in New York or Beijing, Vancouver or Madrid, Prague or Mumbai. But nowhere is the competition to stand out quite as fierce as Los Angeles, where million-dollar homes go to extreme lengths to appeal to potential buyers.
In what seems like an endless parade of upscale amenities, sprawling floorplans, and lavish interiors, the luxury segment of L.A.’s already competitive real estate market is constantly adapting to the changing needs (and growing expectations) of buyers in this price range.
But in a city that’s rife with new builds, there’s an undisputed appeal for homes with a bit of history — and a design that’s guaranteed to withstand the passage of time.
Paul Williams homes are hot commodities in L.A.
Out of the many architects that left their mark on the City of Angels, one name stands out: that of Paul Revere Williams, one of the most prolific and accomplished architects in recent history.
With his wide range of architectural styles — from traditional colonials to casual ranch-style to midcentury modern marvels — Williams left his mark on the city’s most glamorous and exclusive enclaves, including Beverly Hills, Brentwood, Bel Air and the Hollywood Hills.
He designed or revamped close to 3,000 buildings starting in the 1920s all the way through the 1970s, and rose to fame as the go-to architect of California celebs and business magnates alike.
Paul Williams counted Frank Sinatra, Lucille Ball and Desi Arnaz, William “Bojangles” Robinson and other entertainers among his high-powered clientele.
But beyond his flashy role as ‘The Architect of Hollywood”, Paul Williams built countless homes whose owners have not been immortalized on The Hollywood Walk of Fame. And these homes, with their timeless design and quality of build, continue to attract buyers in droves.
“Paul Williams’ homes are hot commodities in LA. His classic style and long-standing career designing for LA’s most storied legends make him one of city’s most celebrated architects. Owning a Williams home is owning a one-of-a-kind, classic home that has stood the test of time.”
Michael Nourmand – President, Nourmand & Associates
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And he should know. Michael’s company, Nourmand & Associates, a leading real estate brokerage in the Los Angeles area, sold three Paul Williams-designed homes in 2021 alone — one more charming than the other.
“It’s an honor for myself and Nourmand agents to have represented both buyer and seller in the most recent Paul Williams listings.”
Most recently, Nourmand & Associates closed on the $11.5 million sale of Villa Andalusia (pictured above), a 1931-built Italianate Pallazo that’s touted as one of the finest properties in Los Feliz. Konstantine Valissarakos represented the buyer in the transaction.
The sale followed two other noteworthy transactions closed by Michael Nourmand himself; the first, a picture-perfect family home that traded for $8.75 million, and the other an exceptionally well-crafted Beverly Hills home that commanded a $5.198 million sale price. For the latter, Michael Nourmand held the listing alongside Adam Sires, with another Nourmand & Associates agent, Jill Epstein, representing the buyer.
And these million-dollar sales are by no means outliers.
In early 2021, a Brentwood manor Paul Williams built back in the 1930s for opera singer-actress Grace Moore and her husband, Spanish actor Valentín Parera (later occupied by legendary actor Tyrone Power) sold for $10.1 million to veteran CAA agent Josh Lieberman.
Prolific celebrity house flippers Ellen DeGeneres and Portia de Rossi have also just closed on a Paul Williams-designed home in Beverly Hills Post Office. According to the Los Angeles Times, the couple paid $8.5 million for the pristine mid-century home that’s tucked in the gated enclave of Hidden Valley Estates.
But beyond the visual and structural appeal of the homes the lauded architect left behind, there’s a much more complex legacy.
The legacy of Paul R. Williams
While he’s widely remembered as “the architect of Hollywood” and a top choice among the stars of his time, Williams’ repertoire is vast in both style and quantity, creating some 3,000 buildings before his death in 1980.
A 2012 NPR profile chronicling his work crowned him as “the trailblazing architect that helped shape L.A.” Beyond the residential projects he worked on, Williams didn’t shy away from tackling ambitious public and commercial buildings.
He helped design iconic structures like the Los Angeles County Courthouse, the historic Spanish-colonial style YMCA building in downtown LA, and even parts of Los Angeles International Airport.
He was part of the LAX planning and design team, working on some of the most well-known commercial and municipal projects, including the Golden State Mutual Life Insurance Building, Hillside Memorial Park, Westwood Medical Center, and the First AME Church.
Because of his varied portfolio, you might even recognize his handwriting: it’s prominently plastered on the façade of the Beverly Hills Hotel (which he didn’t build, but expanded and renovated throughout the years).
But Paul Williams’ legacy extends beyond the structures he helped build.
He was the first African American architect to become a member of the American Institute of Architects in 1923, and later, in 1957, he was inducted as the AIA’s first black fellow.
Despite the deep prejudice and racism he faced, Williams masterfully navigated the business and social circles of the day.
The LA Conservancy reports that he even learned to draw upside down in order to sketch for clients from across the table — for the benefit of any white clients who might have been uneasy sitting next to an African American.
Williams famously remarked upon the bitter irony of the fact that most of the homes he designed, and whose construction he oversaw, were on parcels whose deeds included segregation covenants barring Black people from purchasing them.
Later in his career, Williams chose to devote more of his time to projects aimed at providing affordable housing; he co-designed the first federally funded public housing projects of the post-war period (Langston Terrace in Washington, D.C.) and later the Pueblo del Rio project in southeast Los Angeles.
It wasn’t until 2017, 37 years after his death, that the American Institute of Architects awarded him his gold medal for the outstanding contributions he made in the world of architecture.
“Our profession desperately needs more architects like Paul Williams. His pioneering career has encouraged others to cross a chasm of historic biases. I can’t think of another architect whose work embodies the spirit of the Gold Medal better. His recognition demonstrates a significant shift in the equity for the profession and the institute.”
William J. Bates, FAIA, in his support of William’s nomination for the AIA Gold Medal, Architectural Digest via Wikipedia
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A C-suite exec from one of the world’s largest gaming giants is floating his contemporary home on the market — with a $5,798,250 price tag. Or a $23k/month rent, whichever comes first.
Marcus Sanford, Deputy CFO Planning & Analytics at Activision Blizzard, arguably the biggest gaming company in the world whose annual revenue reportedly amounted to $7.53 billion in 2022 alone, has just listed his Los Angeles home, giving gaming fans everywhere a peek inside the life of a Blizzard executive.
For those less familiar with the gaming scene, Santa Monica, Calif.-based Activision Blizzard, is best known for creating some of the biggest videogame franchises out there, including World of Warcraft, StarCraft, Diablo, Overwatch, and Hearthstone (which yours truly has been playing since it first launched its beta version back in 2013).
And spearheading the efforts to deliver these immensely popular video games to fans all over the world comes with benefits, as we’re about to see.
Inside the spectacular home of an Activision Blizzard executive
CFO Marcus Sanford’s house is a custom-crafted, modern abode set in the heart of Melrose Village, the popular Los Angeles neighborhood that runs along Melrose Avenue between Fairfax Avenue and Highland Avenue.
But location is by no means the only thing that makes this property stand out.
The distinctly contemporary home has 4 bedrooms, 4 full baths and one half-bath spread across 3,813 square feet of meticulously appointed living space.
Its interiors ooze modern luxury without sacrificing on warmth, relying heavily on wood and natural elements to set the tone for each space.
Stand-out features include white oak hardwood floors, a skylight shining down upon a stunning 20-year-old ficus bonsai, and wide glass windows that embrace abundant sunshine.
The luxurious kitchen is every culinary expert’s dream, equipped with the finest appliances (Miele), as well as marble countertops, an espresso machine, two ovens, a chef’s six-burner stovetop, a wine chiller, and even a designer pantry.
It’s also set right next to the sliding glass doors that open to the outdoor spaces — making summer BBQ prep or alfresco dining a breeze.
Rounding up the long list of amenities, the Activision Blizzard CFO’s home comes with four sleek fireplaces placed throughout the public and private rooms, a wine cellar, and an additional den or media room.
SEE ALSO: Inside a rare Disney World estate with themed ‘Star Wars’, ‘Frozen’ rooms
Though it’s worth mentioning that the property also features a Tesla charger and Control 4 system that manages indoor and landscaping lighting, indoor & rooftop music, TVs, blinds and doors, intercom and gates.
Per the listing, the four ensuite bedrooms feature spacious closets and privacy, and the expansive primary suite boasts a spa-like custom bath with a soaking tub, dual waterfall shower, and double vanity.
The primary suite also opens onto a private patio with its own fireplace.
Outdoor spaces reign supreme, with an expansive rooftop deck as the crown jewel
Impressive as the home might be, it was its outdoor spaces that caught our eye.
From its verdant, atrium garden entry to its carefully manicured backyard, the property’s outdoor areas bear the signature of Sirak Studio, the lauded Los Angeles-based design studio helmed by Adam Sirak.
But the property’s standout feature is its expansive 868-square-foot rooftop deck, complete with its own kitchen, bar, and outdoor living room.
Fully finished in solid teak decking with an open-front gas fireplace, the generously sized rooftop deck includes custom teak coffee tables accented with Italian silver travertine, outdoor fabrics by Kelly Wearstler, and lounge chairs by Holly Hunt.
The house is listed with Farah Levi and Mauricio Umansky of The Agency with a $5,798,250 price tag but is also offered as a rental for $23,000/mo.
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Wouldn’t it be great if we could live comfortably in the biggest, busiest cities in the world with whatever we earn from our regular, underpaid jobs? Many of our favorite TV shows seem to insinuate that’s very much possible, leaving us to question our very existence and the choices we’ve made.
It just seems that some of TV’s most memorable characters can afford so much with their 9 to 5 jobs, without sacrificing too much. For example, Ross Geller lives in a two-bedroom apartment in New York and Philip Banks is happy in a 5-bedroom mansion in Bel Air – so what’s their secret?
Conservatory Blinds 4 Less, a UK company, has gathered some data regarding the realistic average wages of 5 of our favorite on-screen characters and matched them against real-life monthly expenses like rent, food, healthcare, child care, transport and other necessities.
The goal? To find an answer to the question: Could these pop culture icons live so comfortably in the real world? See below for a breakdown — or check out the interactive slideshow for a quick overview:
Homer Simpson
Homer Simpson is one of our favorite indolent characters. He lives with his wife Marge and his three children — Bart, Lisa and Maggie. Homer works at the Springfield Nuclear Power Plant as a Nuclear Safety Inspector and he is the family’s main provider, as Marge is a stay-at-home mom.
Since we’re using real world averages for all the characters’ earnings, let’s assume that in the real world Homer would earn about $4,299/month.
Now, the median rent price for a 4 bedroom house in Springfield, Oregon was $1,297 per month in 2019, and real estate agents recommend that your rent should cost no more than 1/3rd of your monthly earnings.
Considering other expenses such as utilities, food, healthcare, transport and other necessities, the whole family would need around $5,788.76 per month to make ends meet. So realistically, they would have gone bankrupt in no time — or would have likely downsized to a smaller structure to serve as the Simpson’s house.
Ross Geller
A paleontologist by profession, Ross Geller from Friends has a Ph.D. from Columbia University. He’s the kind of guy who’d love to settle, but somehow becomes some sort of divorce champion among his friends that fathers two children with two different women.
Ross is responsible for all his expenses, so according to some recent calculations, living in a two-bedroom apartment at 19 Grove Street and having a pretty cool lifestyle (with incredibly frequent coffee breaks throughout the day), would cost him around $4,931.51 per month.
University Professors earn an average of $3,836.25 per month (after tax). You do the math, but if we’re right, real-life Ross would be unable to afford everything we’re presented with in the show. However, he could continue living in NYC if he’d choose a smaller apartment with a significantly lower rent.
Philip Banks
Philip Banks is a main character on The Fresh Prince of Bel-Air – a strict man, yet a kind, loving husband and father. Philip is a federal judge which should normally have an annual income of $68,176 after tax, or $5,681 per month.
Considering that he lives with his family in a 5 bedroom mansion in Bel Air, their overall expenses should reach a monthly total of $10,696.
Banks would obviously need to double his income in order to afford such a lifestyle. While the family is likely to have some money saved up, without any lifestyle changes, the Banks would not be able to live in their gorgeous mansion for too long.
Sheldon Cooper
Dr. Sheldon Lee Cooper from The Big Bang Theory is a Caltech theoretical physicist, an unsung genius who started college at the age of 11, and received his first Ph.D. at the age of 16. Despite the fact that he has countless annoying habits, Sheldon still managed to get under our skin.
As a theoretical physicist in the real world, Sheldon would earn an average wage of or $7,225.50 per month.
Since the monthly costs of living in a 2 bedroom, 1 bathroom apartment in Pasadena would reach an average of $4,882.29 (including bills and other necessities), Sheldon is more than capable of affording his lifestyle.
Not to mention than he also has a roommate for the biggest part of the show, so that should definitely help him put some money in the bank for darker times. We’re finally facing a realistic approach here (though I would love to see what the study would say of Penny’s entire living situation).
Walter White’s house
Walter Hartwell White Sr., also known as Heisenberg, is the main character in Breaking Bad. The former chemist drastically changed his life after being diagnosed with Stage 3A inoperable lung cancer. In order to afford treatments and provide for his family in the event of his passing, Walter starts cooking crystal meth.
In this particular case, we can only assume the amount of money Walter gets for meth cooking – a lot! It is crystal clear that he can afford just about anything his heart desires. But with a bunch of people wanting him dead or in jail, paying rent is Walter’s last concern.
Bottom line
The next time you see a character living “the good life”, try to consider things from a more realistic point of view. Living in the middle of a big city and having a cool lifestyle requires a serious monthly income, and sometimes a movie is just a movie.
Also, please don’t consider getting into the meth business – this kind of stuff never ends well.
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