The Los Angeles luxury condo market is bucking the trend of declining median condo prices, with a recent deal at the Maybourne Beverly Hills illustrating this point. Unit 8E at 225 North Canon Drive traded in early October for $27 million, or $4,762 per square foot. This property, situated in the Golden Triangle of Beverly Hills, was previously known as the Montage until Qatar-backed Maybourne Hotel Group paid $415 million for it in 2019. The four-bed, six-bath condo was sold from one trust tied to philanthropists Paul and Hisako Terasaki to another linked to Gustavo and Maria Esther Marquez, owners of Hispanic food maker and distributor Marquez Brothers International.<\/p>\n
Deals like the one at the Maybourne weren\u2019t enough to help pull up the overall condo market. Across Los Angeles County, median condo closing prices fell the past two quarters, according to the most recent Douglas Elliman report. However, luxury tells a different story, with a rising median price, according to the Elliman report which counts luxury as the top 10 percent of sales. The broad comparison is stark\u2013the median price of a sold luxury condo spiked 69 percent from the year-ago period to $4.7 million in the third quarter, according to Elliman. That compares with the broader condo market\u2019s median sales price decline of 3.8 percent year over year to $1.1 million.<\/p>\n
What L.A.-area markets are winning this year? So far, the usual suspects are driving the upper end of the condo market. Here\u2019s a look at the top deals in some of the county\u2019s high-end residential markets this year, based on Zillow records of on-market sales:<\/p>\n
1 West Century Drive #Penthouse 39
\nSold in January for $39.1 million or $4,153 per square foot<\/p>\n
225 North Canon Drive #8E
\nSold in October for $27M or $4,762 per square foot<\/p>\n
8899 Beverly Boulevard Unit 7B\/E
\nSold in March for $15.5M or $2,886 per square foot<\/p>\n
505 Barrington Avenue #100
\nSold in September for $7.8M or $1,400 per square foot<\/p>\n
951 Ocean Avenue #404
\nSold in March for $7.3M or $2,330 per square foot<\/p>\n
8420 Sunset Boulevard #803
\nSold in July for $7.2M or $2,647 per square foot<\/p>\n
5205 Ocean Front Walk #301
\nSold in January for $4.9M or $1,789 per square foot<\/p>\n
The Westside spread makes Downtown Los Angeles look quite middle market. The top deal in the city\u2019s center comes in at $1.8 million, or $766 per square foot, for a unit at 1155 South Grand Avenue.<\/p>\n
South of L.A., in Orange County, Crescent Heights clearly sees opportunity in for-sale units. The Miami company hung up the for-sale sign on the towers\u2019 units after snapping up 9 MacArthur Place in April for $240 million, per the Orange County Business Journal. A full price range isn\u2019t known for the two towers, but units currently listed go from $851,825 to $1.1 million.<\/p>\n
In single-family homes news, Lori Loughlin and Mossimo Giannulli may finally be able to part ways with their Hidden Hills home. The property at 25210 Jim Bridger Road, listed for just under $15 million, is in contract. It topped the week ended Oct. 26 for signed contracts in L.A. County. It\u2019s been a long time coming for the now separated couple, who reportedly first placed the home on the market last spring for $17.5 million. It was re-listed in February for $16.5 million and then repriced again in July at the current ask.<\/p>\n
Marquez tops Rams\u2019 Kroenke with $27M buy at Maybourne
\nLori Loughlin, Mossimo Giannulli\u2019s Hidden Hills manse nabs buyer
\nCrescent Heights hits into condo-conversion play after OC\u2019s priciest multifamily sale<\/p>\n
The LA luxury condo market continues to soar, with recent deals like the one at the Maybourne Beverly Hills setting new records. The median price of a sold luxury condo has spiked 69 percent from the year-ago period, according to Douglas Elliman. The top deals in high-end residential markets like Century City, Beverly Hills, and West Hollywood are driving the upper end of the condo market.<\/p>\n
Q: What is the current state of the LA luxury condo market?
\nA: The LA luxury condo market is bucking the trend of declining median condo prices, with a rising median price and recent deals setting new records.
\nQ: What was the price of the recent deal at the Maybourne Beverly Hills?
\nA: The recent deal at the Maybourne Beverly Hills was sold for $27 million, or $4,762 per square foot.
\nQ: What is the median price of a sold luxury condo in LA County?
\nA: The median price of a sold luxury condo in LA County has spiked 69 percent from the year-ago period to $4.7 million in the third quarter, according to Douglas Elliman.<\/p>\n","protected":false},"excerpt":{"rendered":"
LA Luxury Condo Market Continues to Soar The Los Angeles luxury condo market is bucking the trend of declining median condo prices, with a recent deal at the Maybourne Beverly Hills illustrating this point. Unit 8E at 225 North Canon Drive traded in early October for $27 million, or $4,762 per square foot. This property, […]<\/p>\n","protected":false},"author":3,"featured_media":23776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-23774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i2.wp.com\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/LA-Luxury-Condo-Market-Continues-to-Soar-.jpg?w=1920&resize=1920,1267&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/23774"}],"collection":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/comments?post=23774"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/23774\/revisions"}],"predecessor-version":[{"id":23777,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/23774\/revisions\/23777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media\/23776"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media?parent=23774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/categories?post=23774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/tags?post=23774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}