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$30 Million Home Sale in Santa Monica?

Posted by John Hathorn on May 11, 2012
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Santa Monica Dirt by John Hathorn May 11th, 2012

I met with a homeowner last Sunday that said he has a friend that is in escrow to buy a home that had been on and off the market for several months.  He says the purchase contract is for more than $30,000,000!  The home is still under construction.  It is located on a very large lot overlooking the Riviera Country Club.  Of course, if this is true and the property actually closes escrow at a price anywhere near $30 million, it will blow away every residential sales record ever recorded in the 90402 zip code.  Stay tuned!

Active/ Available New Listings

859 Woodacres Rd.–     $8,995,000.   Re-list.  Almost an acre with stunning views of the Riviera Country Club.

514 9th St. –  5bd + 4.5ba.  $3,195,000.   New Listing.   A very nice new listing last sold in 2002 for $1,750,000.  Mostly nice upgrades but still a bit 1980’s in places.  Good value based on the square footage.

Please call 310.924.4014 for an appointment to see this home.

408 10th St.–  5bd + 6ba.  $3,050,000.   Re-list.  Apx. 5,600 sq. ft. Mediterranean redone in 2001.  Has been in and out of escrow a few times in the past few months.  Inspection problems probably now solved.

New Sales (Now In Escrow/ Sale Pending)

534 10th St.–   4bd +  3.75ba.  $3,288,000.   Sold in less than two weeks.   My favorite new listing of the past few months. Had multiple purchase offers last week.

340 18th St.–  5bd + 3.5ba.  $3,795,000.   Sold exactly two weeks after MLS insertion.  Restored and remodeled Monterey Colonial almost 5,000 sq. ft.  Mostly pool in back.

220 12th St.–  2bd + 2ba.  $2,495,000.   Sold in a week.  50X 150 lot, livable land value included plans for a new home.  Permits said to be ready-to-issue.

Sold/ Closed

526 Adelaide Dr.–  7bd + 4.5ba.  $5,995,000.   A larger fixer upper on a large lot nearly half an acre.  Trophy street.  Apx. 6,000 sq. ft. Mediterranean home with sprawling lawns and magnificent views of the ocean.


Pence Hathorn Silver Active Properties:

101 17th St. – 6bd + 8.5ba – $6,995,000

145 Ocean Avenue Ext. – 5bd + 5.5ba – $5,549,000

635 20th St. – 4bd + 5.5ba – $4,395,000

509 21st Pl. – 6bd + 5.5ba – $3,995,000

401 18th St. – 4bd + 4.5ba – $3,325,000

307 21st St. – 5bd + 4.75ba – $3,295,000

551 Lincoln Blvd. – 5bd + 4.5ba – $2,998,000

2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,199,000

122 N. Clark Dr. #401 – 2bd + 2.5ba – $969,000

2950 Neilson Way #310 – 2bd + 2ba – $749,500

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave. community on our North of Montana blog.

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And please call me at (310) 458-4024 with any questions.

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