It took until nearly the end of the year, but Santa Monica has a new market leader in 2025.
A home at 2555 La Mesa Drive sold for just shy of $23 million on Dec. 11, knocking two single-family homes, which each went for $14.6 million, off their perch.
On La Mesa Drive, the recent deal was for a 10,317-square-foot home behind private gates, with five bedrooms and eight bathrooms, equating to $2,224 per square foot. The property was listed on Aug. 21, with an initial asking price of just under $25 million, according to The Agency’s Amir Jawaherian, who represented the seller, Los Angeles-based developer Peter Bakhitiari of Maison by PGB.
After purchasing the home for $6.5 million in December 2021, Bakhitiari “reimagined the property into a super-sustainable modern architectural home that combines strong design, privacy and livability,"...
Westside Estate Agency’s James Mormile and Kurt Rappaport represented the buyer...
The net-zero estate includes a motor court framed by cascading water walls and a reflecting pool, a resort-style pool, a skylit atrium, expansive walls of glass, a private speakeasy lounge, a state-of-the-art movie theater and private terraces. Included is a detached guest house and private gym as well as a four-car conditioned garage.
This is the latest installment in a feature providing a weekly update on top sales by market segment, based on TRD Data for given periods. Given that the fourth quarter is incomplete, The Real Deal ranked the top sales for the first three quarters of the year using Los Angeles County tax assessor data. You can see the top 10 single-family sales in Santa Monica for the first nine months of the year by clicking here...
Read the full story at TheRealDeal.com.
