Hanks and Wilson purchased the two properties in 2003 and 2007 for somewhat over $13 million.
They likewise allegedly claim a third adjoining property on a similar road, however they’re not selling that one.
They intend on selling the properties separately or as a combo property for $18 million.
Tom Hanks and Rita Wilson Selling Side-by-Side Properties for $18M
Actors Tom Hanks and Rita Wilson are selling their side-by-side estates in the Palisades Riviera area of Pacific Palisades, the Los Angeles Times reports. Home No. 1—located at 1223 Amalfi Drive—is the smaller of the two properties on the desirable “Amalfi rim.”… Read more at Realtor.com
Pacific Palisades is formally established in the 1920s by a Methodist association, in the years since has additionally been a position of haven for Jewish specialists and intellectuals and escaping the repulsions of the Third Reich, and later for famous people and celebrities that wants privacy.
Neighborhood Spotlight: Pacific Palisades
Seaside living: Wherever you are, you’re going to enjoy the benefits of coastal living, including cool sea breezes, easy access to the beach and plenty of spectacular sunsets.
Village feel: It’s only one portion of the Palisades, but the walkability and small-town feel of the Village and adjacent Alphabet Streets and Huntington Palisades neighborhoods is a… Read more at LA Times
From a fabulous waterfront luxury retreat home in Puerto Vallarta to a soaring luxury penthouse in Australia, these are some of the newest and latest collection of exceptional luxury properties for sale worldwide.
New & Notable Luxury Properties for Sale
This walled estate has been host to dignitaries, corporate executives, and a myriad of celebrities and Hollywood’s elite. Currently, the property consists of the main flagship casona, Villa Verano, and three brand new luxury ocean side villas, along with the common facilities that make up the Puerto Vallarta Beach Club. An extremely unique property on the… Read more at Sotheby’s International Realty
Some of the world’s cities’ luxury home prices have settled down in recent weeks as some governments tightened their tax nets to slow down the rise of luxury home prices. Offshore investors and expats are the main reason for the rising luxury home prices in many countries because mostly they have the cash to outbid local investors and home buyers.
Luxury House Prices Cooling Around The World
Average luxury homes increased in value by 3.8% in the year to the end of September, according to international property consultants Knight Frank.However, prices 18 of the 37 cities monitored for the firm’s Prime Global Cities Index experienced slower growth than in earlier quarters. Five of the most popular world cities all experienced a… Read more at iExpats.com
This $13 million luxurious mansion is Chicago’s most expensive luxury home listing, but more than the price tag the buyer should consider that this mansion needs some renovation once it’s bought.
The luxury home is situated in the prestigious part of Lake Shore Drive. This Chicago mansion has been the headquarters of the International College of Surgeons for 65 years.
Chicago’s Most Expensive House Is a $13M Mansion in Need of Renovations
Behind the four-story home’s 10-foot-tall, wrought-iron doors you’ll find marble staircases, stained-glass windows, marble archways, nine fireplaces, intricate moldings, and herringbone-patterned hardwood flooring. Outside, there’s a 2,400-square-foot, two-story coach house and clear views of Lake Michigan. The top two floors are currently used as office and… Read more at Realtor.com
Home sales in the Chicago area worth $1 million or more, decreased by 2% during the third quarter, a few moments before the Chicago Cubs’ historic win. Luxury home sales rose 5.5%, to 420, compared to the same quarter last year.
Luxury Real Estate in Chicago Suburbs Outperforms the City
The cooler market is due in part to the large stockpile of luxury homes in the Chicago area, said Jack Kreider, executive vice president and regional director of RE/MAX Northern Illinois, in a statement. By the end of September, inventory of $1 million-plus homes had risen 23%, to… Read more at Mansion Global
Ellen DeGeneres sold the very same luxury home in Hollywood in 2007 for $10 million, then bought it back in 2014 for $8.75 million. Then again, sold it for $9.9 million to Barry Schwartz, co-founder of Calvin Klein Inc.
Will it go round in circles? In the case of the home-flipping habits of Ellen DeGeneres, yes. DeGeneres made the market spin again with the sale of a Hollywood Hills West home that she’s now sold for a second time, the Los Angeles… Read more at Realtor.com
Ellen is now considered as one of Hollywood’s biggest celebrity home flippers, over the previous decade she already owned and sold seven luxury properties.
She had a $1.2 million tree house, a $12 million Malibu beach luxury estate and a luxurious mansion priced at $40 million that she flipped and already sold for a $15 million profit.
Ellen DeGeneres shines in the spotlight most notably as a talk show host who enjoys gifting her guests with swag featuring her face on it. But, most of her personal life remains low-profile. In an off-market deal, DeGeneres and her wife Portia just sold their Hollywood Hills home for $9.9 million… Read more at Forbes
There’s no doubt they’ll miss driving down a tree-lined lane, through meadows and pastures, to reach the entrance to their 25,000-square-foot mansion with 10 bedrooms,12 bathrooms, and three half-baths. The grand rooms, including a ballroom-size living room, feature polished wood plank floors, ornate custom molding and wainscoting, crystal… Read more at Realtor.com
This luxurious mansion is fit for a world-class champion athlete, it has sports amenities which include a lower-level gym of more than 1,800 sq. ft., a basketball court and a separate tennis court, a workout room with sauna, indoor and outdoor pools, and a game room.
Are you looking for your forever home? Can you afford a $79,000 mortgage payment — per month? Yes? Ivan Lendl has just the place you’ve been looking for. He has returned to the real estate world with his 450-acre Connecticut estate that has been on-and-off the market over the years. The new price is just $19,750,000. Before you freak out… Read more at Busted Coverage
In the early 1920s, Wilshire Boulevard west of Western Avenue was an unpaved farm road, extending through dairy farms and bean fields. Developer A. W. Ross saw potential for the area and developed Wilshire as a commercial district to rival downtown Los Angeles.
The Miracle Mile development was initially anchored by the May Company Department Store with its landmark 1939 Streamline Moderne building on the west and the E. Clem Wilson Building on the east, then Los Angeles’s tallest commercial building. The Wilson Building had a dirigible mast on top and was home to a number of businesses and professionals relocating from downtown.
The success of the new alternative commercial and shopping district negatively affected downtown real estate values and triggered development of the multiple downtowns which characterize contemporary Los Angeles.
Ross’s insight was that the form and scale of his Wilshire strip should attract and serve automobile traffic rather than pedestrian shoppers. He applied this design both to the street itself and to the buildings lining it. Ross gave Wilshire various “firsts,” including dedicated left-turn lanes and timed traffic lights, the first in the United States.
He also required merchants to provide automobile parking lots, all to aid traffic flow. Major retailers such as Desmond’s, Silverwood’s, May Co., Coulter’s, Mullen & Bluett, Myer Siegel, and Seibu eventually spread down Wilshire Boulevard from Fairfax to La Brea.
Ross ordered that all building facades along Wilshire be engineered so as to be best seen through a windshield. This meant larger, bolder, simpler signage and longer buildings in a larger scale. They also had to be oriented toward the boulevard and architectural ornamentation and massing must be perceptible at 30 MPH (50 km/h) instead of at walking speed.
These building forms were driven by practical requirements but contributed to the stylistic language of Art Deco and Streamline Moderne.
Ross’s moves were unprecedented, a huge commercial success, and proved historically influential. Ross had invented the car-oriented urban form — what Reyner Banham called “the linear downtown” model later adopted across the United States.
The moves also contributed to Los Angeles’s reputation as a city dominated by the car. A sculptural bust of Ross stands at 5800 Wilshire, with the inscription, “A. W. Ross, founder and developer of the Miracle Mile. Vision to see, wisdom to know, courage to do.”
As wealth and newcomers poured into the fast-growing city, Ross’s parcel became one of Los Angeles’s most desirable areas. Acclaimed as “America’s Champs-Élysées,” this stretch of Wilshire near the La Brea Tar Pits was named “Miracle Mile” for its improbable rise to prominence. Although the preponderance of shopping malls and the development in the 1960s of financial and business districts in downtown and Century City lessened the Miracle Mile’s importance as a retail and business center, the area has retained its vitality thanks to the addition of several museums and commercial high-rises.
A work of art perched high above LA with unobstructed 180-degree views stretching from Santa Monica Bay, the Westside, and Downtown L.A. to the San Gabriel Mountains
Hacienda De La Paz
Listed by Christophe Choo of Coldwell Banker Previews International in Beverly Hills at $48 million.
Hacienda de la Paz is an awe-inspiring work of art and engineering. Positioned in L.A.’s preeminent equestrian community, the authentic Spanish estate is the only U.S. residence designed by world-renowned architect Rafael Manzano Martos. 17 years in the making, this private palace is perched 1100 ft. above L.A. at the crest of the Palos Verdes Peninsula in the 24 hr. guard-gated city of Rolling Hills; one of the safest and wealthiest cities in America.
Breathtaking and unencumbered 180-degree panoramic vistas encompass the beaches, downtown and the San Gabriel Mountains. Amenities include a 10,000 sq. ft. hamam spa fit for a king, 15,000 sq. ft. neoclassical grand ballroom, 2 tennis courts; indoor hard court & outdoor clay court, 2 swimming pools; indoor & outdoor, access to 57 miles of equestrian & hiking trails, guesthouse, bocce court, gym, yoga room, wine cellar, catering facilities, geothermal heating & cooling system, elevators, 6 car garage and motor court. Approx. 8 acres.
Hacienda de la Paz is the most misunderstood mansion in Los Angeles. When people hear that 31,000 of its 51,000 total square feet are underground, they assume it’s a bizarrely builtbomb shelter. Not so, dear reader. But there is a pragmatic reason for its subterranean sprawl: local politics.
The estate is located in one of the wealthiest suburbs of L.A., a gated hilltop called Rolling Hills, where zoning restrictions prohibit homes taller than one story, so as not to block pristine ocean views.
To comply, owner John Z. Blazevich spent 17 years excavating downward to create his dream estate, which includes nine bedrooms, 25 bathrooms, a guesthouse, two tennis courts, and two pools.
Envisioning an Andalusian-style country estate similar to those in Cordoba or Seville at the turn of last century, Blazevich hired architect Raphael Manzano Martos, who restored a number of Spain’s grand palaces and served as curator to Spain’s King Juan Carlos. The regal result is the only private residence Manzano Martos ever designed in the Americas.
There’s also a 10,000-square-foot underground hammam, or spa, and a 15,000-square-foot indoor tennis court that doubles as a ballroom.
Thousands of international craftsmen were employed to make the dream a reality, including one painter who lived and worked on-site for a decade. Three hundred Moroccan tribesmen worked on the intricately carved sandstone ceiling, archways, and capitals in the hammam. Artisans from Spain created the wooden interlocking ceilings, masons from Portugal worked on the limestone bricks in the driveways, and Spanish and Indian silk and wool experts wove the custom carpets.
For some people, the joy is in the process, not the product. Once his dream was gloriously complete down to the last Valencia orange tree, Blazevich put the 8-acre estate on the market. Listed for $53 million a few years ago, the asking price was dropped to $48 million a couple of weeks ago.
However, when you actually tour the grounds, as we did (covering only part of it over three hours), you begin to realize that it’s nearly impossible to put a price on it. We’ve highlighted a few of our favorite features.
Everything the most committed foodie could desire
Blazevich is a seafood magnate, and his fiancée, Alexandra McLeod, graduated from Le Cordon Bleu. So Hacienda de la Paz is equipped with four kitchens and two kitchenettes; several outdoor food prep spaces, one with a pizza oven; facilities for pressing oil from olives harvested on the property; and more than 100 fruit trees, including lemons, oranges, avocados, figs, and, of course, olives. There’s also a large vegetable garden, and herbs are planted around the estate, even between the steppingstones, so their fragrance will rise to greet you as you stroll the grounds.
Iconic craftsmanship and artwork
There are many nods to the Catholic Church, but they are more artistic and whimsical than devotional. In the ladies’ guest bathroom on the ground floor there’s an ornately carved confessional door between two stalls, perfect for chatting. There’s also a chapel with hand-painted murals and a confessional, meant for reflection and meditation rather than ceremony. These features keep with the theme of a true Andalusian estate, which historically would have accommodated a priest in residence.
Surprisingly sustainable energy sources
Heating and cooling systems run on geothermal power, which also heats the hammam pool. Blazevich says he has reduced his energy bill and carbon dioxide emissions by 65%, compared with a conventional HVAC system. And because designers used the same classical techniques employed in Andalusia’s great estates—sturdy adobe walls and carved wooden screens covering most of the windows—the air-conditioning system is hardly ever used.
A-list fundraising facilities
Millions of dollars have been raised at charity events held in the subterranean marble ballroom (which is also a tennis court) built into the side of the hill, which has vehicle access for deliveries and exotic autos to be displayed. The 10,000-square-foot hammam with whirlpools, massage rooms, and tearooms with silk-lined walls is perfect for “ladies’ day” fundraisers. The rest of the grounds can accommodate hundreds of people at a time.
So with all these custom, luxurious features, why the heck would the owners want to part with it?
“It’s a little big for just the two of us, don’t you think?” Blazevich asks, explaining that now that his son has left the nest and the artisans have completed their work and gone home, the facilities don’t get used as much as they deserve. Blazevich and McLeod are ready to move on and spend more time with family in Croatia.
The property is so accommodating, a multitude of possible uses comes to mind: an arts retreat, a foundation headquarters, or perhaps the bastion of one of the world’s great families. We’ll keep you posted.
With the use of glass, steel and concrete along with imaginative, striking lines, modern and contemporary interiors are bright and inviting spaces. Join us on a trip around the world as we experience some of the most captivating and inspiring modern and contemporary interiors from… Read more at Sotheby’s International Realty
Cutting edge, contemporary architecture keeps on getting our consideration and core interest. Today let’s get a glance at some of the most luxurious homes with stunning architecture and interior design that we’ve seen in for a moment.
Seeing pictures of nice big houses all day is inspiring, I know. It makes you wonder about how it is to own one of these pretty big houses, and not just dream of these luxury home interiors… See more at Design Your Way
Highlights from the current week’s top news stories on luxurious estates and properties, art, collectibles and home.
$9,995,000 USD | Washington, District of Columbia | TTR Sotheby’s International Realty
“This home is less than three blocks from the neighborhood epicenter of Wisconsin Avenue and M Street NW. Originally built in the 1960s, the renovating architects secured the necessary approvals to make structural changes to the home, which led to its $8 million renovation in the early 2010s.”