August 23, 2018 / Market Insights

Notable Sales of 2018: Second Quarter

Highlights from the Top 10 reported sales of Q2, 2018, from the Christie’s International Real Estate global Affiliate network

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A billionaire’s farmhouse in the star-studded Los Angeles enclave of Holmby Hills, a Bel-Air château on the most expensive street in the United States, and a colonial-style Caribbean compound on the island of St. Barths were among the top second-quarter sales reported by the Affiliates of Christie’s International Real Estate. Visit our online report to view more noteworthy sales from 2018.

Contemporary FarmhouseHolmby Hills, California
US$70 Million
Sold by Hilton & Hyland Real Estate on May 8, 2018Bruce Karsh’s contemporary Holmby Hills farmhouse, formerly owned by the late Paramount Pictures’ CEO Brad GreyBillionaire financier Bruce Karsh—co-founder of Los Angeles-based Oaktree Capital Management—bought this five-bedroom contemporary farmhouse from the estate of the late Paramount Pictures’ CEO Brad Grey. The US$70 million sale was brokered by listing agent Linda May of Hilton & Hyland, who also represented the buyer. Designed by Napa Valley-based architect Howard Backen, the house, crafted from patinated barnwood with oversized leaded windows and doors, wraps around a courtyard with a pool and hot tub. An outbuilding accessed by a bridge houses recreational space, with two gyms. The property sits on 2.15 acres in one of the Holmby Hills’ most prestigious enclaves—the billionaire-lined street of North Carolwood Drive.

Le BelvédèreBel-Air, California
US$56 Million
Sold by Hilton & Hyland Real Estate on May 11, 2018

The French château-inspired estate, Le Belvédère, on Bel-Air’s coveted Nimes RoadThe French château-inspired estate, Le Belvédère, on Bel-Air’s coveted Nimes Road

Le Belvédère, a French-inspired château on Bel-Air’s coveted Nimes Road—a street renowned for commanding prices greater than anywhere in the United States—sold for US$56 million in May. The sale was represented by Stephen Resnick and Jonathan Nash of Hilton & Hyland. With 35,000 square feet of living space and 2.2 acres of grounds, this magnificent estate has a scale and size no longer allowed in Bel Air. The property also boasts unparalleled 280-degree views from downtown Los Angeles to the Pacific Ocean. The palatial residence is lavishly appointed with 10 bedrooms, 14 fireplaces, an elevator, grand ballroom, card room, commercial kitchen, loggias and terraces, a hammam and gym, infinity pool, spa, screening room, and 5,000-bottle wine cellar.

Fleur de Mer—Colombier, Saint Barthélemy
US$20.8 Million
Sold by Sibarth Real Estate in May 2018

The Fleur de Mer estate on the Caribbean island of St. BarthsThe Fleur de Mer estate on the Caribbean island of St. BarthsThe Fleur de Mer estate on the Caribbean island of St. Barths

Fleur de Mer, a hilltop “sea flower” on the heights on Colombier in Saint Barthélemy sold in May. The property was listed by Christian Wattiau of Sibarth Real Estate, who represented the buyer and the seller. The rambling estate offers traditional, colonial-style architecture as reimagined by the ODP design firm. Semi-detached bungalows, each with en suite bathroom and private terrace, surround a Japanese-inspired pond. The one-level layout blends into its forested surroundings, yet has panoramic views of the islands of Saint Kitts, Saint Eustache, Saba, Saint Martin, and Anguilla on the horizon—and a sundeck, heated infinity pool and Jacuzzi from which to enjoy them.

View the 2018 Significant Sales Report

Topics

  • Luxury Market Trends

Lucy Carsen
Christie's International Real Estate

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