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With A New $46 Million Home Hitting The Market, What’s Driving The High Prices In This Beverly Hills Enclave?

With A New $46 Million Home Hitting The Market, What’s Driving The High Prices In This Beverly Hills Enclave?

July 10, 2019 |

What is it about Trousdale Estates? This Beverly Hills neighborhood, where a $72 million purchase by Uber cofounder Garrett Camp and his wife Eliza Nguyen recently broke records, continues to see some of the most expensive homes in Los Angeles coming on the market.

This new $46 million home, sitting on 1.2 acres (one of the largest lots in the neighborhood), shows yet again how there’s something about Trousdale that is meeting the needs of top-tier buyers that other neighborhoods in the city aren’t.

Even Malibu’s Carbon Beach, long considered Los Angeles’ Billionaire’s Row, only has one home with a higher asking price (a $50 million five-bed, seven-bath).

My theory? While Malibu has oceanfront property, cachet and famous neighbors, what it doesn’t have is privacy. And with the huge growth in technology that lets the paparazzi spy on someone from a half a mile away, privacy has become something people are will to pay a higher premium for than ever before—in some cases tens of millions of dollars more.

The very geography of Trousdale, with its windy roads and tucked-away ridges that provide enough elevation for great views, is what lends itself to homes that can hide from prying eyes and nosy neighbors. That’s why there are only about two dozen homes in all of Los Angeles asking more than this seven-bed, nine-bath with gated driveway and expansive space between the neighboring homes. It also has plenty of celebrities, with Jennifer Aniston, Ringo Starr, Cindy Crawford and Rande Gerber calling this place home (just to name a few).

The home was designed by Noah Walker as part of the Viewpoint Collection and, true to its name and design intent, frames the views over the hills “from the Griffith observatory to the Hollywood sign,” said listing agent Tomer Fridman of Compass. The main living areas of the house have walls that can retract fully so that it becomes open on both sides and several of the bedrooms have a private porch for even more of the open air feel.

As the only house in the neighborhood with three floors, there’s even a daylight lower level, which you don’t often find in this neighborhood.

This entrance to the house shows how it was designed to “frame” the views from the back of the house. Designers used natural wood to make it feel part of the landscape but complemented it with subtle industrial features, such as the black metal window frames, to give it a contemporary vibe.

The property also includes a fitness studio and wellness center, elevator, second service kitchen, movie theater, staff quarters and garage with room for at least five cars. Co-listing agents Sally Forster Jones and Tomer Fridman with Compass have the listing here.

Writen by Amy Dobson
Source Forbes 

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