Newsletter: Hot Property: The waiting game
Not every home goes pending in mere weeks, even with the tight housing inventory in Southern California. Price chops, relistings and simply standing pat are all part of the game, particularly for homeowners who are able afford the added cost and time.
This week we saw a few lingering houses finally change hands. Join us as we look at another week’s worth of celebrity sales and other home happenings.
Long-term power play
After more than two years on and off the market, hockey legend Wayne Gretzky scored a long-awaited sale in Thousand Oaks, parting with a townhouse for $1.725 million.
The two-story unit, with sweeping views of Lake Sherwood and the Conejo Valley, first appeared on the Multiple Listing Service in late 2013 for $1.899 million. More recently, the four-bedroom, four-bathroom residence was listed for sale at $1.799 million.
Wayne Gretzky sold a townhouse in Thousand Oaks for $1.725 million. (Realtor.com | Inset: Los Angeles Times)
Dancing to the same tune
Count Marc Anthony among those holding steady in the new year. The Latin music star put his home in Tarzana back up for sale this month at $4.35 million — the same price he listed the newly built Traditional for last year.
Set behind gates on a half-acre knoll, the 6,500-square-foot home features crystal chandeliers, open-plan living areas and a master suite with a custom closet. Two islands, double ranges and a herringbone backsplash highlight a lavish chef’s kitchen.
The Grammy winner bought the gated Traditional-style house in Tarzana a year ago for $4.15 million. (Ashera J. Photography | Los Angeles Times)
Return on investment
Actor-director Adam Arkin sold his ranch-style house in Studio City for $1.005 million, nearly twice as much as he paid for the property in 1999. The property had been listed for $1.099 million since September.
Tucked away behind a gated entry, the updated 1950s home has a swimming pool and a deck with views of the canyon and surrounding greenbelt. Exposed beams, hardwood floors, an office and a living room with a brick-lined fireplace are among the features of the 1,800-square-foot home.
A quick island score
Terry Bradshaw didn’t have to wait long to find a buyer for his Hawaiian retreat. The Hall of Fame quarterback’s 12-acre estate in Kamuela closed in two weeks and sold for the asking price of $2.7 million.
Built in 2005, the Plantation-style house certainly has a Big Island vibe: Features include two koi ponds, a waterfall entry, a 60-foot lap swimming pool and sliding walls of glass that open to a screened lanai.
Terry Bradshaw sold his estate in the Big Island of Hawaii for the asking price of $2.7 million. (Hans Klett | Associated Press)
Settling down on the Westside
Three months removed from her $19.495-million sale in Malibu, Yolanda Foster has found herself a new home on the Westside. “The Real Housewives of Beverly Hills” personality bought a stylish condominium at the Carlyle Residences in Westwood for $4.59 million.
The 3,950-square-foot condo features an elevator foyer, open-plan living and dining rooms and a master suite with a custom closet and onyx-lined bath. Crystal chandeliers, custom draperies and floor-to-ceiling windows are among interior details.
Yolanda Foster bought a three-bedroom condo at the Carlyle Residences in Westwood. (Jeffrey Ong / PostRAIN | Getty Images)
From the archives
Thirty years ago this week, actor and comedian Eddie Murphy leased out a house in the Holmby Hills area while filming the 1986 movie “The Golden Child.”
The 54-year-old Murphy has since made his home in the exclusive Beverly Park area, where he has owned a nearly 19,000-square-foot mansion since the early 2000s. Homes in New Jersey and New York are among his other holdings.
And it was two decades ago that then-Disney head Michael Eisner bought a trio of oceanfront properties for a little more than $5 million combined.
Altogether, the three acquisitions totaled nearly three acres with about 140 feet of private beach. Multiple structures, formal gardens and a swimming pool and spa would later be added to the grounds.
What we’re reading
— Hold on to your 10-gallon hats, folks: In what may be the most expensive residential sale in Dallas history, the Hicks Residence, businessman Tom Hicks’ 25-acre estate in North Dallas, has officially changed hands. Candy Evans of Candy’s Dirt reports that the buyer of the estate, listed for sale at $100 million, was Andy Beal, who paid all cash for the property.
— Westside areas enjoying a tech-industry renaissance and downtown communities were among the hottest housing markets in Los Angeles County last year. L.A. Times business reporter Andrew Khouri runs through 2015’s in-demand ZIP Codes, which also revealed more than a few surprises.
For more luxury real estate, visit us at the Hot Property blog and follow us on Twitter and Instagram.
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