The Real Estate Market Shows No Signs of Slowing Down

The week’s notable sales include two over $12 million.

1478 E. MOUNTAIN DRIVE
X-shaped Hollywood Regency house by John Elgin Woolf.
Listed: $15.995 million in March 2017, then down to $13.95 million.
Closed: $12.6 million.

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900 KNOLLWOOD DRIVE
1934 estate on nine acres designed by Edwards & Plunkett and renovated by Lutah Maria Riggs. Perhaps the new owners keep it peach.
Listed: $19.25 million in May 2019, most recently $16.25 million.
Closed: $14.2 million.

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789 ROCKBRIDGE ROAD
U-shaped Neoclassical with a voluptuous courtyard and two ideal guest cottages.
Listed: $7.8 million in June 2020.
Closed: $7.5 million.

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4242 CRESTA AVENUE
Hope Ranch Mediterranean with ocean and mountain views.
Listed: $6.85 million in July 2016, then down to $6.4 million, then back up to $6.85 million.
Closed: $6.65 million.

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140 MIDDLE ROAD
Clearly there were multiple offers…. Never underestimate the combination of a big view and walkability to Coast Village Road.
Listed: $4.95 million in September 2020.
Closed: $5.2 million.

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1045 COLD SPRING ROAD
Needs updating but a lot of house (5,651 square feet) for that price.
Listed: $4.885 million in February 2020.
Closed: $4.795 million.

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1218 HARBOR HILLS DRIVE
Can’t wait to see what someone does with this.
Listed: $3.995 million in May 2020.
Closed: $3.675 million.

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1051 ARBOLADO ROAD
Beautifully redone Riviera jewel box. Impressive price given the house is all of 2,325 square feet.
Listed: $3.95 million in May 2020.
Closed: $3.525 million.

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2860 EAST VALLEY ROAD
My former house! With some of my former furniture!
Listed: $2.995 million in August 2020.
Closed: $2.6 million.

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And a few other notable closings:
••• 4701 BOULDER RIDGE ROAD: listed for $2.795 million in June 2020; closed at $2.45 million.
••• 4664 BEDROCK COURT ROAD: listed for $2.795 million in June 2018; closed at $2.45 million.
••• 685 TORO CANYON ROAD: listed for $2.525 million in June 2020; closed at $2.261 million.
••• 1080 OAKSIDE WAY: listed for $2.275 million in August 2020; closed at $2.275 million.

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