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Bob Shapiro, head of Sturmer Pippin Investments and Woodbridge Luxury Homes, said he intended to honor the property's legendary past. [7] In 2016, the Owlwood purchase set the record as the third highest residential sale in Los Angeles history and represented the 2016 highest off-market private sale in Los Angeles. [8]
By sales volume of ultra-luxury homes, Compass found that Aspen placed No. 6 with $1.4 billion, the Hamptons placed No. 7 with $1.2 billion, Silicon Valley placed No. 8 with $1.06 billion ...
He kept the Outpost name and developed the property as one of several 1920s Hollywood luxury residential neighborhoods. The area became known as an affluent area with many rich and famous residents. [2] "Homes had to be designed in Spanish, Mediterranean or California modern style, have red tile roofs, plenty of patios for "outdoor living," and ...
This List of largest houses in the Los Angeles metropolitan area includes 17 single-family residences that are known to equal or exceed 30,000 square feet (2,800 m 2) of livable space within the main house.
Ecclestone purchased the home in 2011 for $85 million after it had been on the market for two years with an asking price of $150 million, making it the most expensive residential real estate listing at the time. [2] [3] In June 2019, it was sold for $119.7 million, a new record in California history. [4]
The sale set the record for the largest property sale at auction in the United States, topping the Hearst Estate in Beverly Hills, which sold for $63.1 million in 2021. [21] The house lacked a certificate of occupancy and required an estimated $20 million in additional construction costs at the time of the sale. [7]