Newsletter: Hot Property: Familiar faces recast their roles as sellers
Many homes that failed to catch a buyer in the hot summer season are being reintroduced now that fall is here.
Re-listings can start the clock again on how long the place has been for sale, and many involve a change in price.
That’s a fairly dependable seasonal trend, but we are often surprised when we spot similar-style houses whose owners were on the same shows or where other parallels catch our eye. Coincidence, happenstance, serendipity? Take a look.
— Lauren Beale and Neal J. Leitereg
Reruns in the realty market
Kid Rock is offering his house again, this time using the tried-and-true discounted approach.
The multiple-instrument musician is now asking $12.495 million for his gated Malibu estate — down from $12.75 million earlier in year and $13.45 million from two years ago. Rock's 1.5-acre Balinese-style compound, built in 2002, includes a main house, a guesthouse and a swimming pool. He bought the property for $11.6 million nine years ago, so he may not be inclined to negotiate the latest price.
Kid Rock has relisted his Malibu estate at the lower price of $12.495 million. (Realtor.com | Inset: Jerry Markland/Getty Images)
Foo Fighters frontman Dave Grohl is hoping his oceanfront home in Oxnard finally hits the right note with a home buyer.
On and off the market for the past two years, the 3,100-square-foot contemporary on Mandalay Beach came back on the market this week for $2.995 million. At that price, the onetime Nirvana drummer would be taking a loss on the property that he bought nine years ago for about $3.78 million.
Foo Fighters frontman Dave Grohl has put his beachfront home in Oxnard on the market for $2.995 million. (Realtor.com | Getty Images)
Another way to call attention to a home that hasn’t found a buyer is to offer it for lease. Actress and diamond heiress Zeta Graff listed her Bel-Air contemporary for sale at $8.8 million and now also is seeking a renter at $35,000 a month. Architect Zoltan Pali designed the trophy home as two adjoined by a glassed-in sky bridge.
In addition to offering her Bel-Air compound for sale at $8.8 million, Zeta Graff has listed it for lease at $35,000 a month. (Jim Bartsch | Michael Buckner/Getty Images)
Is the buyer of Catherine Zeta-Jones and Michael Douglas’ rural estate in Bedford, N.Y., showing remorse for their high-dollar purchase?
After selling late last year for $7.5 million, the white Colonial-style home recently reentered the fray with a slight uptick in price — $7.9 million. Listing photos show that, besides a lack of furniture, little has changed with the 6,226-square-foot home, which had been extensively renovated by the Oscar-winning actors prior to last year’s sale.
The Bedford, N.Y., estate that Michael Douglas and Catherine Zeta-Jones sold less than a year ago for $7.5 million is back on the market. (Realtor.com | Getty Images)
“Chicago Hope” casting call
Remember the medical drama “Chicago Hope,” which aired from 1994 to 2000? We hadn't thought of it in eons, but a couple of former cast members are in the real estate news.
Actor Adam Arkin of the current series “Fargo” has listed a Studio City house tucked into a treed hillside for sale at $1.099 million. He starred as a doctor on the medical drama.
Adam Arkin has put a gated home in Studio City on the market for $1.099 million. (Realtor.com | Inset: Los Angeles Times)
Joining him in the real estate rotation is actor-director-producer Peter Berg of “Friday Night Lights” and “Lone Survivor” fame. The fellow “Chicago Hope” physician put his 4,748-square-foot home at the exclusive Yellowstone Club in Big Sky, Mont., on the market for $6.95 million.
Peter Berg has put his rustic contemporary-style home at the Yellowstone Club in Big Sky, Mont., up for sale at $6.95 million. (Yellowstone Club | Ringo H.W. Chiu)
Home heavyweight
A buyer might consider this tennis court estate, listed for sale at $18.5 million, to be a knockout. The contemporary-style home, set on about three acres in lower Bel-Air, was once owned by boxing great and Olympic gold medalist Oscar De La Hoya.
It was nearly two decades ago that a 24-year-old De La Hoya paid $3.35 million for the 10,000-square-foot home.
A Bel-Air estate once owned by boxing great Oscar De La Hoya is up for sale at $18.5 million. (Jeff Elson)
The boxer, who once aspired to be an architect, completely redesigned the house, built in 1990, before putting it on the market in 2000 for $5.5 million. It would eventually sell two years later for $3.75 million, according to The Times.
What we’re reading
— Long a staple of celebrity real estate, the pocket or “whisper” listing is now gaining in popularity among the traditional home seller.
Wall Street Journal reporter Josh Mitchell details the growing number of properties sold that were not publicly listed, but rather “pitched mostly by word-of-mouth” among real estate agents.
— Virtual-reality tours in real estate have gone mainstream in the past year, but that’s not the only new area where the technology is being put to use.
The Times’ David Ng reports that the Los Angeles Philharmonic has launched a virtual reality project that would immerse people in a 3-D concert experience. Using VR headsets and Samsung headphones, viewers can experience four minutes of Beethoven’s Symphony No. 5 in the orchestra section behind conductor Gustavo Dudamel.
— And finally, caught up in the excitement of the Pope’s visit, StreetEasy.com compiled a list of cool New York City condos redeveloped from former churches.
An ornate triplex on the upper West Side that combines Gothic Revival and French Chateau styles was once a hospital chapel. A Methodist church, a shul and a Presbyterian church are among other structures that now serve as housing.
For more luxury real estate, visit us at the Hot Property blog and follow us on Twitter and Instagram.
