LA Times: Top Sales: Spec homes & celebrities fuel a red-hot November market
$33.75 million — Beverly Hills
The second-priciest home sale took place just down the street, where an empty acre on Billionaires’ Row traded hands for $33.75 million — a huge haul for a prized patch of dirt.
The owner was none other than media mogul David Geffen, who made a decent profit after paying $30 million for the land last year. The buyer is investor Randall Van Wolfswinkel, The Times confirmed.
Although it sits empty, the plot comes with plans for a 24,500-square-foot showplace that calls for seven bedrooms, 14 bathrooms, a bowling alley, nightclub, salon, gym and 140-foot swimming pool. Views stretch from downtown Los Angeles to the ocean.
Kurt Rappaport of Westside Estate Agency held the listing.
$18.5 million — Bel-Air
Oscar-nominated actress JoBeth Williams and her husband, “The Santa Clause” director John Pasquin, parted with their Mediterranean villa along the links of Bel-Air Country Club for $18.5 million.
The couple, who were originally asking $30 million for the estate, picked up a place in Pacific Palisades for $9.8 million earlier this year.
The property spans 2.5 acres, making it the second-largest of the 48 homes that line the Bel-Air Country Club golf course. At the center sits a vibrant stucco home designed by Gerard Colcord, an architect whose plethora of Southern California homes have been lived in by celebrities such as Bob Newhart, Dean Martin and Nicolas Cage.
Kurt Rappaport of Westside Estate Agency held the listing.
