Beverly Hills MARKETWatch, 21 New Homes & 3 Condos Listed and 8 Properties Sold in the Last 7 Da

I believe that today is the Ides of March. A meaning for another time.

This past week I have been helping a first-time buyer purchase her new home. She is currently renting and has been looking for a new place to move. As a result of the shortage of rental properties in our area which is creating a spike in rents, we discovered something quite interesting and eye-opening. The monthly total for mortgage, HOA dues and property taxes will be lower than her monthly rent. Imagine that. Of course, low interest rates and a down payment contribute to what is occurring.

This week there are quite a number of new listings that have come on the market as we approach spring.

Here are the three new listings in the Beverly Hills area that I am highlighting this week. You can find the expanded information sheets and photos of these listings by clicking on the "Highlighted Properties".

1) 3041 COLDWATER CANYON DRIVE (16-104880)

The first new listing this week is a traditional-style home located in the Beverly Hills Post Office (BHPO) area. This single-story home has three bedrooms and two bathrooms and features hardwood floors and an expansive open floor plan, for a total of 2,809 square feet. The home is on a large 84,460 square foot lot with a swimming pool, a detached guest house and fruit trees. Asking price for this BHPO home is $2,099,000.

2) 1742 N. BEVERLY DRIVE (16-104904)

The next highlighted listing this week is a traditional-style home located in the BHPO area. This remodeled single-story home has four bedrooms and three bathrooms and features a formal living room, a family room, a large entertainment room and a recently remodeled kitchen, for a total of 3,447 square feet. The home is on an 8,271 square-foot lot with a swimming pool and spa. The asking price for this BHPO home is $2,349,000.

3) 1715 CHEVY CHASE DRIVE (16-104480)

The last highlighted listing this week is a Mediterranean-style home located north of Sunset Blvd. This single-story home has four bedrooms and four and one half bathrooms and features a two-story entry way, a wood-paneled library, an 800 bottle wine cellar, and a gourmet eat-in kitchen, for a total of 4,723 square feet. The home is on a 9,869 square-foot lot with a swimming pool, a spa and a detached studio. The purchase price for this Beverly Hills home is $7,260,000.

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