$45-million mansion enters L.A.’s spec-built market
An Italian developer hopes to cash in on L.A’s hot luxury housing market with a 16,000-square-foot, three-level contemporary on L.A.’s Westside.
A red Ferrari Berlinetta, women in little black dresses passing hot and cold hors d’oeuvres, a violinist, a saxophone player and reality show stars – such were the trappings of a recent private event to market a newly built home priced at $45 million on L.A.’s Westside.
The massive contemporary has 16,000 square feet of living space on three levels, plus another 6,500 square feet in terrace and patio space. An infinity-edge swimming pool, fountains, lawns and a tennis court complete the 1.3-acre estate on Faring Road in the neighborhood commonly referred to as Holmby Hills.
It’s the latest spec-built megamansion to enter the fray of L.A.’s already hot luxury home market.
The museum-like residence, with towering ceilings and large walls to display artwork, was built by Alessandro Cajrati Crivelli, the founder of Estate Four. This is his first foray into residential building in California. He’s known for his commercial development and created the Zona Tortona fashion quarter in Milan. London-based Quinn Architects designed the house.
Gates obscure the home from the street and mature trees and greenery frame the glass-walled house, which despite European roots makes the most of the California penchant for indoor-outdoor living and capitalizes on the panoramic hillside views from the site.
Beyond the main entrance, which is off a large motor court, is the first of three living rooms. This one has 20-foot-high ceilings and walls of glass on two sides that open to patio space.
A second living area has a fireplace, 14-foot ceilings and direct access to the outdoor terrace and pool.
Other spaces include a formal dining room, two libraries/studies, a fitness center, a home theater, a catering kitchen and a wine cellar.
The listing agents, from The Agency, all have reality TV ties.
Mauricio Umansky is also known as the husband of Kyle Richards from “The Real Housewives of Beverly Hills.”
James Harris and David Parnes have joined the cast of Bravo’s “Million Dollar Listing Los Angeles.” In fact, the house will be having its own star turn on two episodes of the show early in the upcoming season.
Twitter: @LATHotProperty
