Top Home Under Contract in Los Angeles County
High-tech security proved a big selling point for Los Angeles County’s top home under contract last week.
Property Details
The home at 24200 Hidden Ridge Road in Hidden Hills, listed at $23.5 million, topped out last week’s contracts as tallied by Douglas Elliman’s Eklund Gomes team. The property, which has over 15,000 square feet, sits on a nearly 2-acre lot and features six beds and 10 baths. Amenities include a wine cellar, theater, gym, game room, elevator, and 10-car garage.
Security Features
The property is heavy on safety, with a camera recording system, touchpad security, and a safe room within a gated community.
Owner and Previous Sale
The property hit the market in mid-October and last traded in 2016 for $14.6 million. Property records and published reports show the owner is Richard Gonzalez, the chair of Chicago-based drugmaker AbbVie.
Other Top Contracts
A five-bed, seven-bath home at 607 North Roxbury Drive in the Beverly Hills Flats neighborhood came in second among last week’s top contracts. The Mediterranean-style residence has a list price of $12.4 million. The home hit the market in mid-September and features all bedrooms en suite, with a pool, spa, and BBQ area.
Market Trends
Across L.A. County, 17 homes went into contract last week, equating to $123.6 million in asking dollar volume. Those contracts reflected an average of 100 days on market with an average asking price of $1,368 per square foot. Eklund Gomes California Managing Director Marcy Roth pointed out two homes were a drag on the average, with triple-digit days on market. A little more than half of those homes under contract, or nine properties, averaged 25 days on market, which Roth suggested offered a better read of how quickly trades are occurring.
Conclusion
The top home under contract in Los Angeles County highlights the importance of high-tech security features in today’s luxury real estate market. With its impressive amenities and gated community, this property is sure to attract discerning buyers.
FAQs
Q: Who is the owner of the top home under contract?
A: The owner is Richard Gonzalez, the chair of Chicago-based drugmaker AbbVie.
Q: What is the list price of the top home under contract?
A: The list price is $23.5 million.
Q: What are some of the amenities of the top home under contract?
A: The property features a wine cellar, theater, gym, game room, elevator, and 10-car garage.
Q: How many homes went into contract last week in L.A. County?
A: 17 homes went into contract last week in L.A. County.
Q: What is the average asking price per square foot for homes under contract last week in L.A. County?
A: The average asking price per square foot is $1,368.
