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".

3041 Coldwater Canyon Drive Beverly Hills

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.

1742 North Beverly Drive Beverly Hills

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.

1715 Chevy Chase Drive Beverly Hills

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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