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Below is the Westside Market Report for August 2015 detailing local real estate market statistics and including year-over-year data:

Below is the SF Valley Market Report for August 2015 detailing local real estate market statistics and including year-over-year data:

The Million Dollar Listing star says he has sold more than 20 homes at more than $5 million each this year. Among them is a Beverly Hills house on Tower Lane that he sold for $6 million — then sold again a month later for a million dollars more. Flagg, who remembers starting his career by putting together multimillion-dollar deals in his high school math class, also is preparing to listAndrew Getty‘s 8-acre estate in the Hollywood Hills.

 

Article courtesy of The Hollywood Reporter

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

This Mediterranean-style luxury home is on a quiet cul-de-sac within the guard-gated Mountain Park Estates of Calabasas. This luxury scenic estate has over 7,000 square feet on a 31,287-square-foot lot. The house has five bedrooms, five baths and six fireplaces. The grand foyer has soaring ceilings, two skylights, polished stone flooring and a custom handdesigned wrought-iron staircase. The formal living room has double crown molding, a stone fireplace, tone-wood floors and French doors. The formal dining room has coffered ceilings, custom designed Eldorado stone walls and travertine flooring. The chef’s kitchen is equipped with stainless steel appliances, granite countertops, breakfast bar, center island, built-in eating area, butler’s cabinet and additional skylights. The kitchen opens to the family room. The office has built-in shelves, wrought-iron accents, fireplace, faux leather walls and wainscoting. The billiard room has a wet bar, fireplace and elevator. The second level has a media room with state-of-the-art projection and sound system as well as a fireplace. The master bedroom has mountain views and a spa bath plus vanity room. The two additional spacious bedrooms have French doors and a private balcony with views. There is a guest and maid’s room. The backyard comes with a cabana, plasma TV, fireplace, Pebble Tec pool and spa with waterfall, barbecue area and basketball court. For more information on this property listed at $3,595,000, call agent Rebecca Epstein of Rodeo Realty Calabasas at (818) 642-8713.

 

Article courtesy of the Acorn

PALOS VERDES, Calif., April 23, 2015 /PRNewswire/ — Rodeo Realty Fine Estates is pleased to welcome Elaine Mallon to its prestigious brokerage.  Elaine, a Broker who specializes in the sale & acquisition of luxury real estate, will extend the company’s reach for its discerning clientele down into the Palos Verdes Peninsula & South Bay Beach Cities.

“Elaine is a natural fit for Rodeo Realty and the clients we serve,” said Syd Leibovitch, Founder & CEO.  “She brings a high-level of expertise and a down-to-earth, personal touch to her work.  Her extraordinary professionalism and passion for the South Bay & Palos Verdes area, makes her the perfect bridge for us between two very affluent worlds, from Beverly Hills to the Palos Verdes Peninsula.”

Elaine is a Certified Residential Specialist – the highest designation awarded in residential real estate sales – which includes only 3% of all REALTORS® in the nation.  She’s also a Certified Negotiator; Certified Investor Agent Specialist; Certified Relocation Specialist; and Certified Palos Verdes Area Specialist.

Among her specialties:  Coastal luxury homes, vacation properties, and investment properties.  Discretion and expertise with high-profile clients, particularly those from the entertainment, music and sports industries.

Elaine was previously a top-producer for Sotheby’s International Realty, and for Coldwell Banker Residential Brokerage’s Manhattan Beach and Palos Verdes / Beach Cities branch offices for over a decade.

Elaine began her career in entertainment publicity, where she was an award-winning publicist for MGM/UA TV, CBS and Fox Broadcasting.  She rose to Vice President, Media & Corporate Relations for 20th Century Fox Television and Twentieth Television.

Headquartered in Beverly Hills, Rodeo Realty is one of the most renowned independent real estate brokerages in the nation, and continues to dominate theCalifornia market as the #1 single-owned independent brokerage.  It is ranked #2 among all brokerages in L.A. County.  With annual sales exceeding $4.264 billion last year and a powerful global presence, Rodeo outperformed other companies like Berkshire Hathaway, Sotheby’s Int’l Realty, Re/Max Estate Properties, Hilton & Hyland, Partner’s Trust, Shorewood Realty and The Agency.  Yet, unlike the huge national firms, Rodeo Realty maintains the friendly, hands-on quality of a neighborhood Realtor.

Now serving:  Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Redondo Beach, Hermosa Beach & Manhattan Beach. www.elainemallon.com. (CA BRE#01325954)

 

Article courtesy of PR Newswire

Below is the Westside Market Report for June 2015 detailing local real estate market statistics and including year-over-year data:

Below is the Westside Market Report for July 2015 detailing local real estate market statistics and including year-over-year data:

Below is the SF Valley Market Report for July 2015 detailing local real estate market statistics and including year-over-year data:

Benny Medina, the producer and talent manager who inspired the television series “The Fresh Prince of Bel-Air,” said he is selling his midcentury-modern home in Los Angeles for $12.995 million.

Mr. Medina, 57, who has worked with celebrities like Sean “Puff Daddy” Combs and Will Smith, bought the property for $3.5 million in 2003 from entertainment executive Randy Phillips, the CEO of Global Entertainment , according to public records. Mr. Medina said he then spent five years thoroughly renovating the two-story home, located in Doheny Estates and built in 1963. The renovation expanded the three-bedroom home to its current size of 5,500 square feet and added a stone fireplace in the sunken living room and an expanded outdoor kitchen with a pizza oven. There is also a 50-foot pool and spa area.

“Everything in the house is a vintage piece,” Mr. Medina said, adding that he drew inspiration from designers like James Mont and Jacques Adnet. New details include dark oak wood floors and diamond-patterned coffered ceilings. Floor-to-ceiling windows overlook city views. Mr. Medina said he undertook most of the design work himself, and went through three contractors before completing the project.

“I made very good decisions, and I made very bad decisions, and I paid the price for it,” he said, adding that he won’t give the renovation cost “because I would be embarrassed.”

Mr. Medina said he is selling the home because he is spending half the year in New York and would like to take on another renovation project. He is currently serving as executive producer for the NBC series “Shades of Blue,” a police drama starring Jennifer Lopez. Mr. Medina is the longtime manager of Ms. Lopez.

Starting at the age of 16, Mr. Medina worked as a live-in groundskeeper for Berry Gordy, the founder of Motown Records, he said. He parlayed that experience into a career in the music business, followed by a pitch for a TV show about his unconventional youth. It became the basis for “The Fresh Prince of Bel-Air,” the sitcom that launched the acting career of Mr. Smith. Mr. Medina was an executive producer for the show.

The home is listed with Ben Bacal of Rodeo Realty Fine Estates in Beverly Hills.

Article written by Stefanos Chen and courtesy of the WSJ