Pacific Palisades has become more sought after since Palisades Village, a community of shops and restaurants, opened in 2018, said Ms. For example, beach communities such as Santa Monica and Manhattan Beach have shops and restaurants within walking distance of homes. Los Angeles is known for its sprawl and its freeways, yet it also has many walkable communities. Shifting Demand in Desirable Neighborhoods Marc Angeles with Unlimited Style Photography This three-acre, Mandeville Canyon home is sold for $1.8 million above its asking price. Ambuehl said, prioritize a location where they can walk to shops and restaurants and to easily ride bikes with their children. “Buyers want a retreat and a lifestyle where they feel like they’re away from everything.”įor example, one of her recent listings, a 2,700-square-foot home on nearly three acres in Mandeville Canyon in Los Angeles, sold for $1.8 million above the asking price of $3.7 million. “People want a home with more land and will even accept a smaller house with it, as long as every room opens to the outside,” Ms. Ambuehl said that her buyers are looking for one of two types of locations, both related to the desire to be outside. “That’s a lot easier to find when you’re not in the hills.” “Land is more of a priority, especially flat land with a backyard like a park in a location where you can walk or ride your bike,” he said. Nourmand said, the priority luxury buyers placed on a home in the hills with a view has shifted. “Every imaginable space, amenity and comfort can be found here.” - Mansion Global March 8, 2021 We want horizontal living and to see the blue sky.” “Now we’re embracing the fact that we’re not New York. “A few years ago, there was this idea that Los Angeles would become more dense, and there would be more vertical living downtown,” he said. The pandemic-induced trend of wanting a house with several home offices, a gym, a screening room and a larger yard also created a shift in where people want to live in the city, said Michael Nourmand, president of Nourmand & Associates Realtors in Los Angeles. “Size matters and so does a layout that has room for everyone to get away from each other as well as to gather together,” Mr. “More than anything, they want to be able to breathe and to enjoy the gorgeous weather.”Įd Kaminsky, a real estate agent with Strand Hill in Manhattan Beach, said the need for privacy and space means that luxury buyers are looking for larger properties for their primary residences and second homes. A truly once-in-a-lifetime opportunity that can never be replicated, located within moments of the Malibu Pier, Nobu, Soho House, and the Country Mart.“The outdoor lifestyle is why people pay to live in Los Angeles,” said Cindy Ambuehl, a real estate agent with Compass in Los Angeles. This home is the pinnacle of luxury including a state-of-the-art media room, library with an aquarium accent wall, wine cellar, and full-size gym.
Upstairs features 5 ensuite bedrooms, plus the primary suite with two grand fireplaces, stunning ocean-view terrace, walk-in dressing rooms, and spa-style bath with soaking tub and marble shower. Offering incomparable 180-degree ocean views that stretch along the entire Santa Monica Bay from Point Dume to Palos Verdes, this expansive deck features an oversized lap pool, outdoor kitchen, and large grassy lawn. Elegant interiors include Aremberg hardwood floors, gourmet kitchen, formal dining, and floor-to-ceiling glass doors that seamlessly flow onto the 3,800-square-foot oceanfront deck. The estate encompasses half an acre, featuring unparalleled architecture with every detail thought out. Situated on Malibu's famed "Billionaire's Beach", this ultra-private estate offers 150 feet of frontage on one of the most sought-after locations on the Southern California coast.