Leucadia Sheridan

I love this video’s length and quality – it makes you want to visit!

Welcome to the Sanctuary, an incredibly private architectural masterpiece with whitewater ocean, lagoon and sunset views. This extraordinary mid-century modern home and its guest house sit on nearly an acre of Batiquitos Lagoon-front land, positioned behind a gated entry and set well away from the road. The main house (3 BR) and detached guest house (1+ BR) harmonize perfectly and both feature floor to ceiling windows. Sellers will consider offers between $4.8M and $6M (closed today for $5,399,450 cash).

22 Offers

Not mentioned was the list price was $7,000,000 (on April 2nd), and the listing agent represented the buyer too:

Even in the throes of a pandemic, the offers started coming in almost immediately.

The day after an off-market opportunity in Beverly Hills was made known in late March, as Los Angeles County residents adjusted to new stay-at-home orders, the listing agent found his inbox flooded and his phone ringing off the hook. Seemingly everyone wanted a piece of the property, which was marketed by email. Within the first 24 hours, there were dozens of calls on the property and 18 offers made.

“I knew we’d see some action, I just didn’t know how much,” said Paul Salazar, the listing agent with Hilton & Hyland.

The home on North Bedford Drive, a popular street in the Flats section, received a total of 22 offers, according to Salazar. The potential buyers were a mix of end-users — buyers who wish to remodel and live in the home — and developers looking to tear down the existing structure and build. Ultimately, it was an end-user that purchased the property for $6.75 million.

The Italianate-style house, built in 1928, has four bedrooms, 3.5 bathrooms and more than 3,500 square feet. A large motor court sits off the front of the one-third-acre property.

Salazar believes marketing the home as an off-market opportunity gave it more exclusivity, but the excitement began to wear off as “everyone began watching the news” and reality of the coronavirus set in. Additionally, about one-third of the buyers, specifically those carrying mortgages, were ruled out over concerns that loans might be frozen due to the pandemic.

“It looked like it was going to be a big bidding war, but it ended up being a long negotiation with 3-4 buyers going back and forth,” Salazar said.  Had the pandemic never happened, Salazar believes the property would have sold for about $1 million more.

While the coronavirus has stifled sales throughout the Southland, L.A. County’s high-end market has continued to produce a steady stream of multimillion-dollar deals.

In April, there were eight sales of $10 million or more including two deals north of $36 million in nearby Bel-Air. Last month, there were five sales of $10 million or more including two transactions of $21.5 million or more.

Link to Article

Suncatch

The architecture of “Suncatch” came about after an 8 year design and construction process. It sits on 30 acres in Rancho Santa Fe, and the project consists of 54,000 square feet of floor space divided as follows, 24,500 square feet of living space and 29,500 square feet for a 37 car showroom under the house. It was completed in 2005.

The architect, Norm Applebaum, a legend in San Diego architecture circles, passed away on March 25th.

17 photos and floor plan here:

https://www.archdaily.com/899972/suncatch-norm-applebaum-architect

Pac Pal

This megamansion with two safe rooms and a retractable roof for stargazing, isn’t listed for sale. Instead, the Pacific Palisades house is hitting the market as a rental asking $350,000 a month.

The master suite, accessed via a retinal scanner, has a custom-designed roof that retracts to reveal the sky, either entirely open or through glass. It can also be used as a projection screen to watch movies in bed.

“You feel like you are sleeping outside,” he said. “It’s like a campfire environment right in your own home.”

Link to WSJ Article

House That Won the Draft

He paid $4,455,000, which is enough to get you oceanfront around here.

https://www.zillow.com/homes/6119-E-Redwing-Rd,-Paradise-Valley,-AZ-85253_rb/7832036_zpid/

Kliff Kingsbury’s “war room” probably puts most others to shame.

During the 2020 NFL Draft, fans got live looks at the draft rooms for various coaches and team personnel throughout the league. The ESPN broadcast showed that of Bengals coach Zac Taylor, whose team had the first overall pick.

But the Cardinals’ team Twitter account showed off Kingsbury’s home war room, which appeared to be in his living room.

Kingsbury, 40, sat in his Paradise Valley home with a nice view of Camelback Mountain in the background. He was laid back, his feet on the coffee table as he was fixated on the television, relaxed as Arizona held the No. 8 selection.

Bill Hits The Beach

The six-bedroom home spans about 5,800 square feet, according to the listing. It has a 10-person Jacuzzi overlooking a fire pit, a long oceanfront deck, limestone flooring, and a swimming pool.

Mr. Gates, one of the world’s richest people and the co-founder of Microsoft, has been in the public eye recently due to his early warnings about the global pandemic. This purchase adds to the couple’s already sprawling real estate portfolio, although Mr. Gates has historically treated his compound in Medina, Wash., as his primary home. In 2014, he also bought weight-loss guru Jenny Craig’s Rancho Santa Fe, Calif., equestrian estate for $18 million.

Link to Listing

Tiny Fest

It always seemed to me that if ADUs were selling for $50,000 or less, there would be lots of interest.  Literally the first one I ran into (below) at the Tiny Fest was priced at $50,000, and people were standing in line to experience this 8.5 ft x 30 ft home with kitchen and full bath (seen in right window).

https://backporchhomes.lpages.co/back-porch-homes-companion-gallery/

This one was tall enough that it had two lofts:

https://www.tinymountainhouses.com/

For those who want to do it themselves, these guys will sell you the kit for $63,000.  The vaulted ceiling added some extra luxury:

https://www.volstrukt.com/

This was my favorite granny flat because of the porch. The upgraded version costs $65,000:

https://prefabtinyhomes.org/

This was the deal of the day.  For $15,000 you get the building with full bath and the trailer:

www.bosstinyhouse.com

Here’s my tour of the homes:

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