$19.95 Million for a Neutra?

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We’ve been writing for a while that the high end of L.A. real estate has been pretty strong. If this item in Curbed L.A. is accurate -- and they’re usually on the money -- the high end market is, as they say on ESPN, en fuego. That is, On Fire.

Curbed L.A.: ‘’The Singleton House Is For Sale! The Singleton House Is For Sale!’ writes an excited Curbed reader. And so it is. Listed at $19.955 million, the Richard Neutra-designed 1959 home sits on 5.2 acres in Bel Air. ‘Two potential extra building pads on site,’ notes the listing. And there’s a ‘long, imposing private drive.’’

More: ‘Unless we’ve lost our minds, which we might have, it appears that the home was put on the market in 2004 for $5.9 million. According to this article, back then it sold for $6 million. That’s some damn fast appreciation.’

Neutra in a Nutshell (Hey, I wasn’t all that sure, so I went to Wikipedia): ‘Considered one of modernism’s most important architects.... He was famous for the great attention he gave to defining the real needs of his clients, whether he was commissioned to build a simple house or a mansion.... His domestic architecture was a blend of Art, landscape and practical comfort.... The revival in the late ‘90s of mid-century modernism has given new cachet to his work, as it’s become (along with Lautner and Schindler’s) trophy property for wide variety of Los Angeles pop culture, arts and media figures.’

Comments? Thoughts?
Photo Credit: Curbed L.A.