"L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently traded hands at $30 million or more. The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year."
"In the 600 block of Siena Way, a 3.2-acre development property above the Bel-Air Country Club sold in a deal completed outside the Multiple Listing Service. The lot, which includes 2.8 acres of flat land, was part of a package of properties that billionaire Tom Gores traded last year in a $100-million deal for a spec house on Carolwood Drive."
"The 20,782-square-foot mansion, built in 2002, features such details as 26-foot ceilings, arched doorways and a walnut-paneled wet bar. The master suite has two fireplaces and two private terraces, for a total of eight bedrooms and 11 bathrooms. A swimming pool and spa, a tennis court, gardens and patios are within 1.2 acres of manicured grounds."
Los Angeles County's high-end real estate market experienced significant momentum in early 2017 after a slower 2016. Through the first six weeks of 2017, eight properties sold for $20 million or more in the county. Notable transactions include a $35.45 million Bel-Air development property on Siena Way featuring 3.2 acres and a 15-car garage, previously part of billionaire Tom Gores' real estate portfolio. A Mediterranean-style Bel-Air estate on Delfern Drive sold for $30 million, down from its $39.995 million asking price. The 20,782-square-foot mansion, built in 2002, includes eight bedrooms, 11 bathrooms, and extensive amenities across 1.2 acres of grounds.
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