Beverly Hills MARKETWatch, 11 New Homes & 5 Condos For Sale and 10 Properties Sold the past 7 da
It is the first week of February already. Where did January go? At the risk of sounding like a broken record, inventory levels of both single family homes and condominiums remain at very low levels. Based on the laws of supply and demand that I learned so many years ago taking economics class in college, this shortage of supply can only lead to home prices rising. This is a trend that I will track as the weeks and months progress.
Here are 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) 1280 MONTE CIELO DRIVE (17-197630)
The first new listing this week is a French Normandy-style home located north of Sunset Blvd. in the Beverly Hills with city and canyon views. This two-story home has six bedrooms and seven bathrooms for a total of 5,214 square feet. The home is on a 26,287 square-foot lot and rests upon a lovely knoll. This one is perfect for upgrading in a fantastic location. Asking price for this Beverly Hills home is $4,750,000.
2) 1549 LINDACREST DRIVE (17-199366)
The next home this week is a Tuscan-style home located in the Beverly Hills Post Office (BHPO) area. This remodeled two-story home has four bedrooms and four and one half bathrooms and features a luxurious master suite, a gym and a spacious chef’s kitchen, for a total of 4,583 square feet. The home is on a 10,886 square-foot lot with a swimming pool and landscaped backyard. Asking price for this BHPO home is $5,395,000.
3) 908 HARTFORD WAY (17-197676)
The last highlighted listing this week is a Contemporary Mediterranean-style home located north of Sunset Blvd. This two-story home has six bedrooms and six bathrooms and features a grand two-story entry, a wine cellar, a cigar room and a large gourmet kitchen, for a total of 9,142 square feet. The home is on a 35,532 square-foot lot with a swimming pool and beautifully landscaped grounds. The purchase price for this Beverly Hills estate is $19,500,000.