The hottest type of home right now is a one-story house on a flat lot with a promontory view over the pool, says Babajian. “You would think it would be common, but it’s not,” he notes. “That’s been the formula for getting the top dollar.” This year, he sold such a house in Trousdale Estates (a co-sale with Rodeo’s Josh Flagg) for $3,000 a square foot — a top price per square foot on the Westside. He has a piece of land in Beverly Hills with an asking price of $49 million in escrow, and he’s listing Cheryl Tiegs‘ Bel Air home for $15 million. Previous sales also include Dean Martin‘s old home. “When I soldNic Cage and Tom Jones‘ house owned before by Dean Martin, Nicwalked through the house saying he had a vision of Dean in the house and that’s why he wanted to buy it,” Babajian recalls.
Courtesy of the Hollywood Reporter