This home was designated as a historical property in 2019 and there is a recorded document that says any exterior or landscape modifications must be approved by the City of San Diego. The torrey pine tree in the front yard was planted shortly after construction in 1971, and is part of the historical designation.
The buyer thought enough of it that they paid over list!
Santa’s House is featured with Listing Showcase, the elevated listing experience available only on Zillow. Showcase listings are powered by artificial intelligence and feature immersive media and an entirely new design to help give you richer insights into the home’s layout and features. Sellers interested in showcasing their home can ask their agent about Listing Showcase.
Once in a lifetime opportunity to own one of the most iconic single family residences in the world.
Meticulously rebuilt and designed to replicate the set of the home from the beloved 1970s sitcom The Brady Bunch. Reportedly it is the 2nd most photographed home in the USA after the White House. Own a piece of pop culture history and pay homage to American sitcom television. From the infamous staircase that anchors the home, to the bright orange formica kitchen counters, to the blue bunk beds and pink twin beds, and let’s not forget about the groovy attic. The possibilities are endless for you to enjoy this spacious 5,000+ square foot home on a sprawling 12,000 SF lot with citrus trees lining the yard. The quaint tree lined street backs up to the Los Angeles River in a prime Studio City location. The architectural mid-century home has soaring ceilings, big windows and sliding glass doors which fill the space with natural light. Curated furnishings and accessories are included in the sale and will take you back in time to a unique era. This is a collector’s dream. What would you expect from an architect’s home? Fireplaces and some appliances/Fixtures are decorative only. Listed with Compass for $5,500,000.
Hat tip to Rob Dawg for sending in the news that one of the most engaging architects of our time has passed away at age 97. Harry lacked formal architecture training, but that didn’t stop him from designing 100+ houses. My favorite is the Sandcastle (above), the house he built himself from reclaimed woods and other parts found at the junkyard. He lived there for the second half of his life, and he used to sit up in the tower to do his designing!
Here are quick interview questions plus a Vimeo film linked at the bottom with clips of the Sandcastle interior (at the 9:15-min mark) and his 1958 Mercedes Benz 190SL that he converted to electric power:
Even if this 12% ‘auction premium’ (commission) gets cut in half, every home seller and agent should take note of the commission structure at auctions – paid by the buyer!
The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295 million listing price, even with a 12 percent auction premium bringing the total to about $141 million.
The Bel-Air property set a new record for the costliest house sold at auction, but it fell well short of the California sales record set by venture capitalist Marc Andreessen, who purchased a Malibu estate for $177 million in October. The most ever spent on a U.S. residence was $238 million by hedge fund mogul Ken Griffin for a New York City penthouse in 2019. Several international sales have surpassed $300 million.
The buyer will be disclosed by March 8, when paperwork must be submitted to U.S. Bankruptcy Court Judge Deborah Saltzman, who will hold a hearing later this month on whether to approve the sale. It is possible that the winning bidder will be a limited liability company, a legal entity often used by the wealthy to hide their real estate purchases.
At least three dozen prospective buyers toured the 944 Airole Way property over the last couple of months, including billionaires from the Middle East, Asia and in California, The One’s listing agents have said.
The online auction opened Monday, with just a handful of participants bidding before the final gavel. Most of the action occurred in the last few minutes.
The price amounted to well less than the roughly $190 million in debt carried by the property, meaning that many creditors will take losses.
The largest single creditor is Los Angeles billionaire Don Hankey, who lent $106 million to the dream project of developer Nile Niami. The lender claims he is owed more than $130 million in secured debt, including money he provided in bankruptcy to repair and spiff up the property for sale.
Hankey, who previously said he might bid for the property if it was severely underpriced at the auction, said he did not make a bid. He said the price should allow him to recover the cash he put into the project, but added that he was surprised at how low the final price was.
“The guy who bought it just got a great deal. He’s got people willing to pay $50,000 a day just to do commercials and films,” he said.
The hilltop home, said to be 105,000 square feet, was marketed for $500 million several years ago while under construction but didn’t find a buyer. It was placed into bankruptcy in October after Hankey foreclosed on the $106 million in debt defaulted on by Crestlloyd, the limited liability company established by Niami that legally owns the project.
The One is just the latest L.A. trophy home to end up in bankruptcy following a blitz of costly development in the region’s glitzy hillsides and coastal communities.
Concierge Auctions, a luxury online auction house that handled The One’s sale, last year set an auction record when it sold a Beverly Park home for $51 million — but that was still more than $100 million off its original asking price.
How much The One would go for has been something of a parlor game in the luxury real estate community, with some thinking it is the ultimate trophy home and others declaring it a white elephant.
The property includes a 4,000-square-foot guesthouse, a sky deck with cabanas, a private theater, a full-service spa, a nightclub and even an outdoor running track and moat. It has 21 bedrooms and 42 full bathrooms.