TRD: LA’s record-breaking year for high-end home sales
Carolwood Estates handled half of the 10 priciest transactions in 2024
Never mind the glamorous addresses and eye-watering prices. If there’s one takeaway from Los Angeles’ most expensive residential deals, it’s that 2024 was the year of Carolwood Estates.
The Beverly Hills boutique brokerage — started in late 2022 by Hilton & Hyland alumni Drew Fenton and Ed Leyson, along with Nick Segal — participated in half of this year’s top 10 deals.
Elsewhere in the market, and not surprisingly, Westside Estate Agency’s Kurt Rappaport turned up in 2024’s priciest transactions, including the No. 1 deal that set a new state record in May.
Here are L.A. County’s top residential deals, compiled by The Real Deal Research using TRD reporting, L.A. County Assessor records, Redfin, Homes.com and Compass.
1. 33064 Pacific Coast Highway, Malibu | Unknown | $210 million
A Malibu estate once owned by Oakley founder Jim Jannard was catapulted to record-breaking status when it sold in May for $210 million.
The off-market deal, which created a new high for the state’s residential sales, was brokered by Westside Estate Agency’s Kurt Rappaport.
Jannard, whose wealth comes from the founding of eyewear brand Oakley and then camera company Red Digital Cinema, sold his 15,400-square-foot manse on 9.5 acres to an unknown buyer shielded behind a Delaware-registered LLC.
The eight-bed, 14-bath home was previously owned by Oaktree Capital billionaire Harold Marks, who sold the property to Jannard in 2012 for $75 million.
4. 1898 Rising Glen Road, West Hollywood | Starlight Capital | $63 million
When developers Brandon and Deborah Shainfeld sold their 23,000-square-foot spec home in April, they ended up hitting the reset button on pricing in West Hollywood’s Bird Streets neighborhood. The $62.8 million deal, at the time, was L.A. County’s priciest before the summer’s mega Malibu deals.
A limited liability company named Starlight Capital bought the gated home, which sits on about 1.5 acres. The property includes a two-story entrance, cold plunge, infinity pool, outdoor kitchen and pickleball court.
Westside Estate Agency’s Kurt Rappaport and Andreas Elsenhans held the listing, while Haylen’s Helen Chong and Susanna Leung represented the buyer.
