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When home-furnishings mogul Evan Cole set out to build a home in Los Angeles, he wanted a classic design that would mesh seamlessly with his neighbor: the famed 110-acre Getty Center with its curved, marble buildings.
“The whole goal was to…make sure it matched the Getty—that it didn’t look out of place up there,” said Cole, who co-founded the home division of ABC Carpet & Home in New York City in the 1980s and later, California-based home furnishings company HD Buttercup.
Working with architect Thomas Juul-Hansen, Cole spent more than five years building a roughly 15,000-square-foot house clad in travertine marble. During that time, his family relocated to Aspen, Colo., and he is now putting the six-bedroom house on the market for $68 million, according to listing agents Branden and Rayni Williams of the Beverly Hills Estates, who have the listing with Kurt Rappaport of the Westside Estate Agency.
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“Doing this house is the culmination of all of my work, to be honest with you,” said Cole, 63, a Queens, N.Y., native.
The roughly 2-acre Brentwood property sits on a hilltop next to the Getty Center. When he drove up to the L.A. property in the early 2000s, Cole said he was immediately attracted to the location’s privacy and views. “When you’re there, you don’t feel like anybody can see you,” he said. “It’s like having a perch.”
He paid about $5 million for the site in 2004, he said. At the time, the property contained a “cool California ranch” house spanning 2,000 square feet. Cole lived there with his wife and two children there for eight years while he mulled over plans for a new residence. “Every day, I was like, ‘I’ve got to do something with this place,’” he recalled. “It took me eight years to figure it out.”
Cole was hung up on the idea of building something classic that would be “symbiotic” with the Getty next door, he said. He credited Juul-Hansen with designing a building that could be a “sister” to the museum.
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The three-story residence has 20-foot ceilings in the entryway and living room, which feature frameless glass sliding doors. A gym overlooking West L.A. has 60 feet of glass. “From every angle in the house, you have a view,” Cole said. Atop the house, there is a roughly 5,000-square-foot roof deck.
The house has two primary bedrooms and a “mother-in-law suite” with its own kitchen, Cole said. There is also a wine room and a spa with a sauna and massage room. The grounds have a kidney-shaped pool that cantilevers over the hillside.
Most of the materials came from Europe, including solid oak doors, Murano lighting and acoustic wood panels for the ceiling, Cole said. The house is clad in travertine sourced from the same quarry in Italy that provided the materials for the Getty. Cole said he relied on his contacts to source materials for the house. “I know where to buy the good stuff,” he said. “I could not have done any of this if I were not in the business.”
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Cole declined to say how much he spent building the house. Before it was completed, Covid hit and his family relocated to Aspen. Although he travels between Colorado, New York and L.A., he doesn’t want to uproot his children by moving them back to L.A. “It’s time to move on,” he said.
While Cole said he planned to move into his latest creation, he has never even spent the night. (He does, however, keep bottles of Fiji water in the fridge.) He has built several family homes in New York and L.A., he said, and feels that building is about the journey, not the result. “I have felt like whoever gets it, it’s theirs,” he said. “I’m like it’s shepherd rather than its master.”
Despite a slowdown in the luxury market nationwide and in L.A., the number of single-family home sales in Brentwood during 2023’s fourth quarter rose 15.6% compared with the prior-year period, according to real-estate appraisal firm Miller Samuel. The median sale price for single-family homes grew 3.8% year-over-year to $4.3 million.
While the overall L.A. market has softened, Brentwood and Pacific Palisades have remained attractive, seeing “a really good uptick” in deals, Branden Williams said. “Everybody loves to be on the west side,” he said.
Source: mansionglobal.com
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Fewer homes in the U.S. were bought by investors in the first three quarters of last year, according to a Realtor.com report.
Deterred by high prices and mortgage rates, investor purchases fell 32.9% year-to-date in September compared to the previous year. Investor purchases also fell more than overall U.S. sales, which dropped 25% year over year during the same timeframe, according to the report released Wednesday.
Realtor.com analyzed U.S. deed records from January 2000 to September 2023 to determine the number of investor sales vs. purchases nationally and in U.S. metro markets.
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From January to September, investors were behind an average 10.8% of homes sales each month, down from 12% for the same period in 2022 but still higher than pre-pandemic levels. The peak share of investor purchases was 13.1% in February 2022.
“While widespread unaffordability hampered home-buyer activity in 2023, it cut more deeply into investor activity as investors saw less opportunity and their share of home purchases declined from the previous year’s levels,” said Hannah Jones, a Realtor.com research data analyst, in the report. “Despite investor activity falling from 2022 highs, the market remains appealing to investors, who continue to make a higher share of overall purchases than was common before the pandemic.”
Southern metropolitan areas experienced the greatest share of investor activity, at 12.1%, and the biggest year-over-year, at 2.9 percentage points. The Midwest followed, with investors accounting for 10.5% of sales, down 0.9 percentage points. The Northeast was the only region in which, on average, metros saw an increase in investor share of activity (8%, up 0.6 percentage points).
The report also showed that fewer investors presented all-cash offers, as market competitiveness continued to soften. The share of investors who paid in cash in the first three quarters was 60.2%, down from 64.3% during the same time period in 2022.
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As a result, there was a clear shift from large investors toward small investors in real estate investment transactions. The decline in cash offers created a greater opportunity for smaller investors to compete, as they are less likely than larger investors to have access to large amounts of capital. From January to September, 67.6% of investor purchases were by small investors, up from 54.1% during the same time in 2022. In 91 of the top 100 markets, small investors increased their share of investor purchases, following the national trend.
Miami was noted as being the highest-priced market on the list of areas with high investor share. With 5.9% of its listing viewership from overseas during the third quarter this might suggest that international investors are willing to pay more than the average U.S. property investor.
Mansion Global is owned by Dow Jones. Both Dow Jones and realtor.com are owned by News Corp.
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Source: mansionglobal.com
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according to The Denver Post.
Burrell countersued earlier this month, arguing that he shouldn’t have to pay the bank back since it knew he was using the business credit for personal expenses.
The bank has asked an Aspen judge to let it foreclose on six of Burrell’s properties as collateral.
Public records show that the businessman owns two homes in Basalt, Colo. and a 190-acre ranch in New Mexico, valued at $21.1 million, which is currently up for auction.
However, per a report on luxury real estate listings site Mansion Global, only one of Burrell’s five children are still living at home, so Burrell and his wife, Nikola, have decided to downsize.
First Western reportedly wants to foreclose on Burrell’s home in Aspen and ranch near the affluent ski town, as well as a property in Nantucket and land in Vero Beach, Fla., according to The Denver Post.
In his countersuit, Burrell argued that if First Western forecloses on his properties, “Burrell, Burrell’s wife, and Burrell’s minor children are at risk of losing their primary residence and have incurred emotional distress,” according to the countersuit, The Denver Post reported.
In a bizarre twist, Burrell also argued that it was “improper” for the bank to give him business loans when it was well aware most of the funds would be spent on his personal life — such as his divorce payments, buying a yacht and building a house in Basalt, Colo.
“Additionally, First Western did not make a reasonable and good faith determination at or before consummation that Burrell had a reasonable ability to repay,” his countersuit states, per The Denver Post.
The bank also didn’t allow him to refinance, didn’t consistently provide him with paperwork for the loans and wrongly accepted his personal homes as collateral, Burrell alleged, the outlet reported.
Burrell’s counsel, attorneys Sarah Auchterlonie and Courtney Bartkus in the Denver office of Brownstein Hyatt Farber Schreck did not immediately respond to The Post’s request for comment.
The Post has also sought comment from First Western Bank.
First Western’s CEO Scott Wylie referred to “a client we’ve had since 2018” who is “facing a liquidity crunch and becoming delinquent on their payments,” during an earnings call in October.
He noted that the bank had to declare the loans in default in order to seek the collateral, but assured: “We think we’re going to have a full recovery.
The real estate collateral that we have is in some very desirable markets. It’s in Aspen, it’s in Nantucket, it’s in (Florida),” he said.
Though Wylie didn’t name the borrower, Burrell argued that analysts listening to the call were able to figure it out, according to The Denver Post.
Burrell said that one listener even called him to ask about his personal finances.
This has caused Burrell and his investment company “reputational harm and public disgrace,” he argued.
Last month, Burrell and his second wife opened an auction for an 8,400-square-foot estate located on Aspen’s Red Mountain — the Burrell family’s “primary home,” according to Mansion Global — and a nearby, 4,200-acre ranch in Carbondale as part of an $86.5 million package.
Two of his children from his first marriage with Australian jewelry magnate Katherine Jetter are in college, while his third child with Jetter is set to head off to college next year.
Burrell also has two kids with Nikola — one of which is at a boarding school in Boston, leaving just one at home, according to Mansion Global.
Sotheby’s Concierge Auctions led the bidding, and has since marked the ranch on its website as “sale pending,” while the Red Mountain home’s bid deadline has been extended to Feb. 15.
Burrell, the founder of investment firm The Burrell Group, claimed that First Western’s lawsuit violates federal lending laws as it interferes with the auction of his Red Mountain estate, a property valued at $38.5 million.
He is also seeking damages for what he claims was an invasion of privacy and public outing of his financial situation by First Western, The Denver Post reported.
Source: nypost.com
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News Briefs
A ‘Greenery-Filled Terrarium’ Will Be at the Center of New ODA Skyscraper in Seoul
An expansive “sky garden” will sit at the middle of Terrarium Cheong-Dam, a new skyscraper in Seoul, South Korea, designed by architecture studio ODA. The 45-story, 200-meter tower will be built in the city’s Gangnam district and will have a mix of high-end residences and offices. The semi-private sky garden, which ODA refers to as a “terrarium,” will cut through the center of the modern building. Plus, the skyscraper will sit on a podium with a public park. The addition of the greenery is intended to enhance the surrounding urban landscape. Dezeen
U.S. Mortgage Rates Hit a 23-Year High
The interest rate for a 30-year fixed-rate mortgage has hit its highest level since September 2000, following the seventh consecutive weekly increase. Now at 7.9%, the highest interest rate in 23 years is driving mortgage applications to a 28-year low. “Mortgage activity continued to stall, with applications dipping to the slowest weekly pace since 1995,” MBA vice president and deputy chief economist Joel Kan said. “These higher mortgage rates are keeping prospective home buyers out of the market and continue to suppress refinance activity.” Reuters
U.K. Landlords Threaten to Quit Over Proposed Renters’ Reform Bill
More than half of landlords in the U.K.—54%—said they would consider quitting because of the proposed Renters’ Reform bill, which is now getting a second reading. One out of five landlords said abolishing no-fault evictions is one of the least attractive elements of the reform bill, as it is currently the only way to quickly evict tenants. “It’s important that landlords are given the time and information they need to prepare for significant upheaval in the coming years, so they can continue to provide much-needed housing for almost five million households nationwide,” said Alan Thomas, U.K. chief executive at Simply Business. PropertyWire
Danny McBride Lists Hollywood Penthouse for $1.8 Million
Actor and screenwriter Danny McBride is parting with his longtime Hollywood condo, which is now on the market for $1.8 million. McBride, who created the HBO comedy shows “Eastbound & Down,” “Vice Principals” and “The Righteous Gemstones,” purchased the duplex penthouse in 2009 for a little more than $1.4 million. The home, which has previously been listed both on the sales and rental markets, sits on the 10th floor of the landmarked Broadway Hollywood and overlooks the Hollywood Sign and the Capital Records Building. Spanning almost 2,200 square feet, the penthouse has double-height ceilings, one bedroom and two bathrooms. McBride and his family have primarily lived in Charleston, South Carolina, since 2017. Robb Report
Source: mansionglobal.com
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If you’re shopping for a luxury home, what can you do if you are self-employed or highly leveraged and won’t qualify for, or don’t want, a traditional mortgage?
Many buyers simply pay cash for their homes. According to ATTOM, a property-data provider, 33.12% of all sales nationally of single-family homes over $1 million in the second quarter of 2023 were cash deals.
But there are other ways to pay for a luxury home when a traditional mortgage product isn’t a good fit. Here are some creative alternatives to consider.
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Collateralize your investment portfolio.
These loans, known as investment credit lines, asset-based loans or margin loans, allow you to borrow against the securities you already hold in your brokerage account, whether they are stocks, bonds or alternative investments. The advantages, according to Michael Silver, a certified financial planner in Boca Raton, Fla., are that they have no application fees or closing costs, no financial documentation is required and your credit score and debt-to-income ratio aren’t considered. “It’s strictly based on your assets,” he said. “So, if somebody is highly leveraged or if they’re high-net worth but have bad credit, none of that matters.”
The interest rate on a margin loan fluctuates, however, and rising rates or declining asset values can result in the institution requiring the borrower to come up with additional assets to secure the loan. Silver said the interest rates on margin loans are typically 1% to 2% over the federal-funds rate (which was between 5.25% to 5.5% on Oct. 6) and that most institutions will fund about 60% to 70% of the value of the pledged assets. These loans are beneficial for home buyers who don’t want to sell their assets to avoid paying capital-gains taxes, and borrowers who are self-employed or lack sufficient documentation to qualify for a mortgage. “I also recommend margin loans for people who want to buy a house and come in aggressively with cash, but they need to sell their current house,” Silver said. “If they got a bridge loan, they would have to go through the bank application process, but you can get a margin loan in a week.”
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Consider a cross-collateral loan.
Cross-collateralization can be used to purchase a primary home, a second home or an investment property. It simply means that multiple assets are used as security for a loan. For example, if you’re buying a $1 million house, and you apply for a traditional mortgage at an 80% loan-to-value ratio to avoid paying for private mortgage insurance, you would qualify for an $800,000 mortgage and have to come up with $200,000 in cash. If you own another home free and clear, by using a cross-collateral loan, the lender would combine the appraised values of both homes and finance up to 70%, the maximum loan-to-value ratio typically used by lenders who offer cross-collateral loans, according to Sarah Alvarez, vice president of mortgage banking for William Raveis Mortgage. So if your other home is worth $500,000, you would qualify for a $1,050,000 loan (70% x $1.5 million). “That allows you to get 100% financing for the million-dollar purchase, and private mortgage insurance is not required,” Alvarez said. The lender will mortgage both properties to secure the loan. The interest rate charged on a cross-collateral loan depends on a number of factors but is usually comparable to a traditional mortgage, Alvarez said.
Liquidate assets.
Another alternative financing method is to liquidate assets. In tight markets, offering to pay cash and close quickly can give buyers a competitive advantage. This strategy is usually best for home buyers who have substantial assets that can be liquidated quickly and easily, such as a stock portfolio, rather than real estate, which is a nonliquid asset that can take months to convert to cash. Bear in mind that liquidating assets can be a taxable event that triggers capital-gains taxes. Be wary of cashing out your 401(k) or other retirement account for cash. You’ll have to pay income tax on the money you withdraw from a 401(k), plus if you’re under age 59½, the Internal Revenue Service will assess a 10% penalty, although there are some exceptions to the penalty such as for total and permanent disability.
Source: mansionglobal.com
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Meticulously reimagined by former copywriter-turned-designer Tom Givone, the Floating Farmhouse — a circa 1820s manor home perched on the edge of a creek — is undoubtedly one of the most unique and inviting homes in the Catskills.
Set in the picturesque hamlet of Eldred, just two hours north of New York City, this dream property has earned quite a reputation as one of the area’s most charming rentals, winning tourists’ hearts with its mix of stunning modern architecture and old-world charm.
Now, a lucky new owner might get to enjoy it full-time, as the Floating Farmhouse has recently hit the market.
Asking $2.35 million, the famed Catskills property provides a substantial income stream to its future owner via its lucrative short-term rental popularity. Agents Chelsea McGowan and Katy Porte with the Upstate Curious Team at Compass hold the listing.
Originally built in the 1820s, the house was completely transformed by its designer owner
The original home was built in the 1820s and needed a massive overhaul when Tom Givone purchased it in 2007. The designer — who has a knack for transforming rundown 19th-century structures into modern-day masterpieces — spent four years and about $1.75 million revamping the property, according to Mansion Global.
Givone’s renovation included additions like a glass-paned wall in the kitchen overlooking the property, polished flooring, and modern elements to enhance the original, period construction.
The self-taught designer retained the house’s original colonial revival touches, but overhauled the interiors and transformed the previously dilapidated building into a light-filled residence with generous kitchen, dining, and lounge spaces.
This wasn’t Givone’s first architectural undertaking, but quite possibly his most well-known. Unsurprisingly, his work on the Floating Farmhouse has garnered attention from a range of prestigious architecture and design publications, with the property being featured on Dezeen, Dwell, Design Milk, Travel + Leisure, and many more.
The Floating Farmhouse
The gorgeous home’s namesake can be attributed to the custom veranda Givone added that projects out across the surface of the water. This unique touch creates a “floating” effect to the eye. One glance and you’ll think the home is floating on the pond.
A private creek and waterfall accentuate the grounds around the home.
The Floating Farmhouse is now an incredibly popular option for an overnight rental in the Catskills. During the high season, a one-night stay will run $1,800, while holidays may go as high as $2,100 a night. The home is commonly rented for photo shoots and executive retreats but is also an ideal family home in a picturesque setting.
There is no shortage of space at the idyllic property. The home boasts five bedrooms and two bathrooms. When entering the home, you are welcomed by an oversized great room, pine wainscotting, and majestic windows reaching to the tall ceiling. Two beautiful staircases lead the way upstairs.
The Floating Farmhouse is perfectly placed on almost 9 acres of lush green meadows and forest. The property also features a centuries-old barn, an herb garden, and a gravel driveway.
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Source: fancypantshomes.com
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RiRi’s trading one of her real estate diamonds once again.
According to Mansion Global, megastar Rihanna, whose given name is Robyn Rihanna Fenty, is looking to offload one of her Beverly Hills, CA, homes for $10,495,000.
It seems the singer and beauty entrepreneur barely had time to unpack her makeup kit in this lovely home, which she added to her real estate portfolio in 2021 for $10 million.
She still retains ownership of a nearby mansion that she snapped up in 2020 for $13.7 million.
Here’s more on the four-bedroom, five-bath mansion she’s letting go.
Sitting behind gates on one of the most coveted streets in Beverly Hills, Rihanna’s pretty property is everything a Cali home should be. The 5,100-square-foot abode has solid bones (built in 1939), an attractive color palette, and a traditional interior design that should appeal to many.
There are weathered wood floors, cozy fireplaces in the living room, and vaulted ceilings. The steel-blue kitchen island offers seating for three, and there’s a sunny breakfast nook, too. The main bedroom has a mini living space plus windowed seats for curling up with a good book.
Outside, stately trees, lush lawns, and a vegetable garden await, along with a pool and patio spaces. There’s even a half-basketball court for pickup games. A detached guesthouse comes complete with a bedroom, living room, kitchenette, and office space.
Rihanna’s talent knows few bounds as she’s branched out widely from her early days as a pop artist. The billionaire Barbadian is the founder of the makeup brand Fenty Beauty, and she’s the force behind the fashion house with the same name, which is under the luxury conglomerate LVMH.
As the headliner of the Super Bowl LVII halftime show, the megawatt star blew the roof off the place.
Last fall, the nine-time Grammy winner released a single for the movie “Black Panther: Wakanda Forever” soundtrack, titled “Lift Me Up.”
Source: realtor.com
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With high mortgage rates deterring unnecessary borrowing, a whopping one-third of U.S. home buyers are buying homes in cash, the highest share in close to a decade, according to a report Wednesday from Redfin.
In April, 33.4% of buyers across the country dipped into their cash reserves, up from 30.7% from a year ago and the highest level since 2014.
With interest rates at a 15-year high, it’s no surprise that cash purchases are now accounting for a larger share of deals, with buyers who would rely on mortgages shunning the market far more than their cash-spending counterparts.
Case in point, across the 40 most populous U.S. metros the report analyzed, overall home sales were down 41% year over year in April, while all-cash sales logged a smaller 35% decline.
The 30-year fixed-rate stood at 6.79% as of Wednesday, close to November’s high of just over 7%, according to lending giant Freddie Mac.
“A home buyer who can afford to pay in all cash is weighing two potential paths,” Redfin senior economist Sheharyar Bokhari said in the report. “They can use cash to pay for the home and avoid high monthly interest payments, or take out a loan and pay a high mortgage rate. In that case, they could use the money that would have gone toward an all-cash purchase to invest in other assets that offer bigger returns, which could partly cancel out their high mortgage rate.”
Of course cash buyers can still be deterred by high interest rates and may decide that their money is better spent on investments that benefit from higher returns, the report said.
Meanwhile, buyers who can’t afford to pay in all cash “also have two potential—but different—paths,” Bokhari said. “They can avoid a high mortgage rate by dropping out of the housing market altogether, or they can take on a high rate. That discrepancy is the reason the all-cash share is near a decade high even though all-cash purchases have dropped: Affluent buyers have the choice to pay cash instead of dropping out of the market.”
A smaller “but still noteworthy reason” for the increase in all-cash sales is competition among home buyers, the report said. A chronic lack of homes for sale in certain areas is motivating some shoppers to make an all-cash offer to beat out the other potential buyers.
Source: mansionglobal.com
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It’s been a little over five years since the tragic passing of both Carrie Fisher and her mother, Debbie Reynolds, who died within 24 hours of each other.
Both A-list actors with thriving careers that spanned decades, the mother-daughter duo were also BFFs and roomies.
Best known for her iconic role as Princess Leia in George Lucas‘ epic Star Wars franchise, Carrie Fisher was born in Burbank, California, to actress Debbie Reynolds and singer Eddie Fisher.
And while their family didn’t stay together, as Eddie famously moved on to marry another Hollywood icon, Elizabeth Taylor, Carrie and her mom, Debbie, remained inseparable to the very end.
The two even lived next door to each other for close to 15 years.
But before they moved back to the West Coast, the mother-daughter duo, along with Carrie’s brother, Todd, lived in a beautiful brownstone in New York City — that has recently hit the market for $11.5 million. And it’s a stunner!
Here’s the full scoop on the Upper East Side townhouse that has the perfect blend of custom updates, skilled craftsman details, and a history of illustrious past residents.
The Reynolds-Fisher beloved family home
Located at 154 East 74th Street on the Upper East Side, the stunning townhouse is a New Yorker’s dream come true.
And it was well-loved and lived-in by the Reynolds-Fisher family.
Reynolds’ son, and Carrie’s younger brother Todd Fisher, wrote about the beautiful brownstone in his 2018 memoir, My Girls: A Lifetime with Carrie and Debbie.
“My first birthday away from Greenway Drive. A car was waiting at JFK to take me and my luggage to 154 East 74th Street, the four-story brownstone between Third and Lexington where I’d be living with Mom and Carrie,” he wrote.
He added: “There were two bedrooms on the fourth floor. One was Carrie’s. The other, when she was in town, was Joan Hackett’s,” referencing one of Carrie’s closest friends, Oscar-nominated actress Joan Hackett.
But there’s more to this upscale city residence than its star-studded past.
Built in 1910, the beloved family home oozes timeless charm and the perfect updates for today’s distinguished buyer.
And it’s now up for grabs, asking $11.5 million (Compass’ Steve Halpern holds the listing).
A look inside the beautiful brownstone
Every square inch of the townhouse offers the perfect blend of luxury and comfort.
Spanning 4,275 square feet, the 4-story home features 5 bedrooms and 5 baths.
Upon entering the brownstone on the ground floor, you’ll find a generously sized soundproof media room including a projector and movie screen.
In addition to a fully functional second kitchen, French doors lead to the spacious backyard featuring a comfortable sitting area, complete irrigation system, and basketball court.
As you go up the stunning staircase to the parlor level, you’ll find a grand chef’s kitchen including double sinks with garbage disposal, a Gaggenau induction cooktop, dual Miele dishwashers, microwave/convection combo, subzero fridge, and recently refinished countertops.
The north end of the floor features a formal living room and a stylish powder room.
As you ascend to the next level, you’ll find the primary bedroom featuring a gas fireplace, heated flooring, double vanities, and a separated wash closet and shower. On the other end of the floor is another bedroom.
The top floor features a fantastic skylight that fills the entire center of the home with all-day sun exposure. This level also offers 2 large bedrooms both including en-suite bathrooms and radiant heated floors.
The townhouse also offers a basement level with a laundry room, an 800-bottle wine cellar with a new Wine Guardian D025 cooling unit, and a fully functional home gym.
Steve Halpern, head of The Halpern Team at Compass holds the listing, which can be viewed in more detail here.
The mother-daughter duo moved next to each other on the West Coast
Of course, the famous mother-daughter acting duo also had roots in Los Angeles.
The iconic actress’ also lived in California, in side-by-side mansions located in Beverly Hills.
For more than 15 years, they lived in the upscale neighborhood of Coldwater Canyon, Mansion Global reports.
Together, the posh properties span 3.5 acres and included Reynolds’ Spanish-style home and Fisher’s secluded, tree-filled abode.
Famous for her portrayal of Princess Leia in Star Wars, Fisher first moved into the swanky neighborhood in 1993. And her mother, who was well known for many movies including her breakout role in Singin’ in the Rain, moved next door in 2000.
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Source: fancypantshomes.com