Private drive toward the main residence at 1420 Davis Dr. in Beverly Hills.
“There’s nothing like it for someone who likes this style, so we feel bullish on the price,” Aaron Kirman Group’s listed agent Aaron Kerman told CNBC.
The palace’s main residence reigns above 90210 from the top of an impressive hill that offers a 360-degree view.
According to the list, the eight-bedroom, 14-bath apartment spans three floors and spans 21,800 square feet. According to The Eliemann report, the heavy asking price of a home comes in at around $ 3,990 per square foot, more than double the average price of $ 1,801 per square foot in the fourth quarter of 2021. But it’s a relative bargain compared to record-breaking sales since October, when venture capitalist Mark Andreessen paid 17 177 million for an 11,810-square-foot Malibu home, bringing the price to, 14,987 per square foot.
Another of those mega-deals is the 944 Airroll Way, a shattered sale of a 105,000-square-foot mega-mansion, which was offered for $ 295 million before it sold for 14 141 million at auction last month. Kirman was a co-listed agent in the transaction, which required bankruptcy court approval.
According to Los Angeles Multiple Listing Services and Document Transfer records, 10 single-family home transactions closed for more than $ 50 million in the last six months, with three homes selling for more than $ 100 million.
“There is no other market that has these numbers,” Kirman said. “Not New York, not Miami.”
He said he had not yet seen rising mortgage rates, inflation or the effects of the war in Ukraine: “Any one of these could scare buyers, but they did not.”
He also points to the low inventory for advice at the moment as it is still a seller’s market at the very high end. According to Kirman, the Los Angeles MLS currently shows 27 single-family homes valued at more than $ 50 million “This is a tough list,” he said. “We usually see 50 or more.”
This is supported by the analysis of Miller Samuel real estate appraisers and consultants in the fourth-quarter Element report. For all single-family homes and condos in Los Angeles, “inventory has dropped to record lows at the highest rate on record,” it said.
Car park and front entrance
You might recognize the palace, which is located on Davis Drive and was featured by music video, commercials and GQ in 2016 when the magazine threw a Grammy After-Party at the home of the musician The Weekend’s birthday party and published pictures from the house of Taylor Swift, DJ Khaled, Post Malone. , Justin Bieber and a bunch of A-list celebrities are partying inside and out.
Take a closer look at what $ 87 million can buy in Beverly Hills here.
The home library is exposed on two levels connected by a spiral staircase. Overhead is a huge stained glass light fixture made by an ornate carved wooden ceiling.
The double pocket door, made of antique Venetian stained-glass windows, disappears into the wall to give a view of a dining hall with twelve seats. Beneath the domed ceilings and chandeliers painted on a gold leaf, the room is adorned with gold accents and a vibrant wall of deep red silk furnishings.
The billiard house is also covered in silk, this time the red cloth is made of dark-stained wood and is pronounced by a hand-painted scene just above the floor.
Living room bar
The living room has a wooden mirrored bar and more walls with fabric.
The spacious owner’s suite has a seating area, a king-size bed and a dumbweight that can snack from the kitchen.
The chef’s kitchen has wooden carved cabinets, stone floors and stainless steel appliances.
Outside the kitchen is a breakfast room where hand-painted murals from floor to ceiling depict colorful birds and tree leaves on each wall.
A red-velvet-clad cinema room on the lowest level of the house.
Wine cellar with English saloon facade.
According to Kirman, the front of an 18th-century saloon was shipped from England and was re-imagined as the entrance to the home’s wine cellar.
The huge ballroom has a stained glass light between the ceiling and the French door that leads to the pool.
A two-story pool house in the backyard of the estate’s luxury home.
The ornate in-ground pool is surrounded by manicured bushes and dolphin-shaped fountains.
A few steps away from the swimming area is a koi pond with two red bridges that lead to a small rock island in its center.
The property also has a tennis court, with green and large chess sets.
Outdoor chess set
If the house sells for the price he asked for, Kirman says the real estate tax would be $ 1,087,500 per year or more than $ 90,000 per month.