Featured Story: The Wall Street Journal Spotlights The Ridgedale
The house-buying craze in Los Angeles has lost momentum, in some cases forcing agents to advise clients to lower list prices, rely less on bidding wars and in certain scenarios even cut commission rates.
Shouldered by the pandemic, the housing market was seeing homes sold at record prices, sometimes tens of thousands of dollars over the original asking price. Today, the market is looking a little different for sellers.
Powerhouse producer Joe Roth is leaving Holmby Hills for Beverly Hills. A few months after listing his 13,600-square-foot mansion for $48 million, records show he quietly paid $23 million for a 1960s Midcentury in an off-market deal.
Due to the relatively low square footage and high sale price, the price per square foot shakes out to about $4,171 — one of the highest ever recorded in Beverly Hills.
Hilton & Hyland’s Susan Smith, with $85 million in sales and a No. 93 ranking, touted the importance of home office space.
“One of the biggest changes is it’s very important to have a home office space or even dual office spaces so each spouse can have their own office,” Smith said.
The glamorous Beverly Hills mansion that Brad Pitt and Jennifer Aniston once called home is officially off the market.
The Los Angeles residence was originally listed for a staggering $56 million last year. The most recent asking price was $44.5 million, but the new owner ended up scoring a big discount, as they paid a total of $32.5 million, per the Los Angeles Times.
The 11,173-square-foot mansion at 1026 Ridgedale Drive, originally built in 1934 for Oscar-winning actor Fredric March, hit the market last year listed at $56 million, according to media reports. The price was lowered and eventually taken off the market after listing at $44.5 million.
The mansion, which Brad and Jen bought for $13.5M in 2001 and sold in 2006 after their divorce, was built by Frederick March and designed by Wallace Neff. Not only does it boast 12,000 square feet, 5 bedrooms, and 12 bathrooms, but the mansion also has heated floors, a movie room and lounge, a tennis court with a pavilion, a pool, 2 main entrances, a 2-story guest house
Aniston and Pitt bought the 12,000-square-foot California house for $13.1 million in 2001 from entertainment attorney Ken Ziffren and spent three years renovating it, per Architectural Digest. The home's current owner, hedge-fund executive Jonathan Brooks, bought the home from the actors in 2006 after their divorce, according to The Wall Street Journal.
Pitt and Aniston bought the house in the early 2000s for $13.5 million. The actors renovated and expanded the estate, which is now 12,000 square feet. They sold it to Brooks for $28 million in 2006, a year after they divorced. Among their additions was a screening room.
Even before Aniston and Pitt, the Wallace Neff-designed house had a long history. Originally built for actors Fredric March and Florence Eldridge in 1934, it was later owned by Vanderbilt scion Shirley Burden. Heiress Wallis Annenberg is another former owner.
The home, described by the Journal as a “French Normandy Revival property”, has four bedrooms and comes with a swimming pool, ample outdoor space, and a championship tennis court. Susan Smith of Hilton & Hyland lists it. The irony is that Jennifer Aniston and Brad Pitt, who owned the home from 2001 to 2006, spent three years remodelling it and lived there for less than two years.
Among the spacious home’s many features are a gourmet kitchen, lower-level bar and sitting area that opens to the pool, and an outdoor living area with a fireplace. There’s also a private exercise room and a light-filled living room with floor-to-ceiling windows. Of course, the home is also ultra-private, with two separate gated entrances.
The super couple immediately started a three-year renovation replacing the kitchen floor with heated marble, designing and installing a pub with floors sourced from a 200-year-old French château and adding a private screening room. They also added a tennis court and pavilion with guest house on the upper level.
The hacienda-style estate in the Beverly Hills Post Office area counts publisher David Whitmire Hearst and filmmaker Larry Cohen among its former owners. It’s now on the market for the first time in more than half a century for $13.5 million.
The lavish Beverly Hills mansion owned by Brad Pitt and Jennifer Aniston during their five year marriage at the beginning of the decade has gone up for sale at $44.5 million (£33.8M).
The A-list couple owned the classic five-bedroom, thirteen-bathroom home, which is described as one of Southern California's most romantic homes, from 2001 to 2006, and the French Normandy Revival-style estate includes canyon views, dreamy hedged landscaping and a lighted pool.
The multi-level grounds boast meandering stoned courtyard and patios, multiple fireplaces including in the bedrooms, fireplaces in the dining room and bar, outdoor living room and an outdoor bedroom over the tennis court.
It was going to be their forever love nest when Jennifer and Brad bought it soon after their Malibu marriage.
The Santa Monica home of Gary Stewart, the longtime Rhino Records and Apple Music veteran who passed away earlier this year, has sold for $1.71 million.
Owned by Stewart since the mid-1990s, the blue-trimmed bungalow sits back from the street and has stone pavers that lead up to the front door. Inside, the two-bedroom, three-bathroom floor plan features hardwood floors, recessed lighting and a brick fireplace in the living room. French doors in the paneled family room open to the backyard.
Jazzing up the market in the 90210 is a grand 1930s Spanish hacienda once owned by David Whitmire Hearst. Set behind gates and a long driveway this extremely private Hacienda style house features a magnificent entry with original tile and a wrought iron staircase.
First time on the market in over 55 years, this old Hollywood residence once owned by David Hearst sits on over 1.5 acres of rolling green lawns providing unparalleled privacy. Set behind gates and a long driveway this extremely private Hacienda style house features a magnificent entry with original tile and a wrought iron staircase. A Step down living room with coffered wood ceilings and oversized fireplace.
The Beverly Hills mansion once shared by Jennifer Aniston and Brad Pitt is looking for a new owner, and asking a cool $49 million.
The couple, who were married in 2000, purchased the historic home in 2001 for $13.5 million, according to The Wall Street Journal. They sold it in 2006, one year after their divorce.
The 12,000-square-foot mansion — now for sale over three times what Aniston, 50, and Pitt, 55, paid for it — was built in 1934, and has five bedrooms and 12 bathrooms. It’s listed with Susan Smith of Hilton & Hyland.
A Beverly Hills estate previously owned by Brad Pitt and Jennifer Aniston is for sale for $49 million. Pitt and Aniston, who were married from 2000 to 2005, purchased the home in 2001 for $13.5 million, according to The Wall Street Journal. Pitt and Aniston sold the home in 2006 to hedge fund executive Jonathan Brooks, who is the current owner.
The 12,000-square-foot, five-bedroom and 12-bathroom estate was built in 1934 and designed by famous architect Wallace Neff, who designed the mansion featured in the 2006 movie “The Holiday” with Cameron Diaz.
Designed in 1934 by influential Southern Californian architect Wallace Neff, the updated mansion boasts five bedrooms and 12 bathrooms.
Tucked away in Beverly Hills, California, the 1.2-acre estate once owned by Brad Pitt and Jennifer Aniston is back on the market. Originally designed by influential architect Wallace Neff in 1934, the house was renovated by the former A-lister couple, who owned the home from 2001 to 2006.
