Celebrities Who are Taking Advantage of Low Interest Rates

Forbes recently featured a report on celebrities bitten by what Zillow calls “the home buying bug.” Whether it’s the historically low interest rates and home prices or a sign of the start of a very hot buying season, some of Hollywood’s top celebrities have all made major home purchases in the last few months.

  • Ashton Kutcher sealed the deal on a modern home on Lake Hollywood listed at $10.8 million.
  • Jennifer Aniston is the new owner of a $20.97 million Bel Air estate designed by modern architect A. Quincy.
  • Ellen DeGeneres purchased a $12 million mid-century Malibu home from Brad Pitt.
  • Matthew McConaughey bought a mansion on a nine-acre Austin estate that was listed for $6.6 million.
  • Steven Tyler closed on a $4.8 million Maui home after already picking up a property in Laurel Canyon.
  • Justin Bieber recently became the young owner of the $6 million Calabasas Villa, which was previously listed by Hurwitz James Company for former owner Nicole Murphy.

Celebrities who find themselves catching the home-buying fever can contact Hurwitz James Company in Beverley Hills at 888.681.5902.


Nicole Murphy’s Celebrity Villa Sold in All-Cash Deal for $6.15M

After only 45 days on the market, the Celebrity Villa in  prestigious Brentwood, California was sold for $6,150,000. The anonymous overseas buyer paid in all cash  according to the breaking news story released by the LA Times.

Dazzling with custom finishes of the finest materials, the contemporary Mediterranean villa includes a theater room, a wine cellar, an elevator,  six bedrooms and eight bathrooms . The master suite boasts a sitting area, fireplace, dual closets and a balcony that overlooks the swimming pool, spa, fire pit and yard. The exquisite 9,200 square-foot residence was originally owned by former model Nicole Murphy and football analyst and former New York Giants player Michael Strahan.

First married to comedian Eddie Murphy from 1993 to 2006, Murphy is now starring in the new VH1 ”Hollywood Exes,” which is set to premiere June 2012. The show will follow five high profile women in the Los Angeles area who were each once married to a famous Hollywood A-lister. Viewers will get to witness the close friendships of these five funny, intellectual and cultured women as they experience the ups and downs of post divorce life.

 

 

 

Photos via Hurwitz James Company

Google’s New Venice Beach Headquarters Expected to Spark Local Real Estate & Business

While our last article sited some of the small signs of a healing housing market, one California community has extra reason to be hopeful of a stronger local real estate market. As of November of 2011, Google has firmed its roots in Venice Beach with the leasing of more than 100,000 square feet in three buildings on Main Street. Part of the new Google office is also being housed in world-renowned architect Frank Gehry’s iconic Binoculars Building.

According to an article from The Hollywood Reporter, “While Google’s relocation is expected to lead at least some employees to purchase property in Venice, perhaps more importantly, brokers and others say that the company’s choice of location there is spurring others to consider the beachside community.” It is clear that the effects go beyond the fact that Google chooses locations for its offices in areas that have room to grow.

As associate economist for the Los Angeles County Economic Development Corp Kimberly Ritter-Martinez told The Hollywood Reporter, it’s the clustering effect. The area is consequently more appealing to like-minded companies and individuals. Big names that have hence purchased buildings in the same area include ad agency Zambezi Ink, actor-director Jon Favreau, Robert Downey Jr., and co-founder of Luma Pictures Payam Shohadai.

 

 

 Photo by Majunznk

Tour the Bradbury Estate During the Saturday Episode of LX.TV on NBC

The country is getting another exclusive peek into one of Bob Hurwitz’s trophy properties this Saturday on NBC. The upcoming episode of LX.TV Open House will feature the recently listed multi-million dollar Bradbury Estate in what Forbes magazine ranks as the most expensive zip code in the country.

LXTV will take viewers on a tour to see the exquisite European finishes and unbelievable amenities of the 8-acre luxury estate in Bradbury, California. From the magnificent master suite to the 2,000 bottle wine cellar to the temperature controlled trout pond, viewers will get a first-hand look at the luxurious lifestyle that can be achieved with $78,800,000 and nearly 10-years of craftsmanship using the world’s finest materials.

For a taste of the rare, regal lifestyle at The Bradbury Estate, tune into NBC this Saturday, March 10, 2012. Check your local listings for specific details. Interested buyers who would like to learn more about the estate and schedule a showing with president of Hurwitz James Company, Bob Hurwitz, please call 888.681.5902.

Photos via Hurwitz James Company

The Magnificent Bradbury Estate Now Offered at $78.8M

Upon entry into the guard-gated Bradbury Estates in California you’ll be greeted by breathtaking views of the city, canyon and ocean to behold an equally breathtaking compound. This 8-acre regal masterpiece is the result of over 8 years of construction by master craftsmen who employed state of the art engineering, scrupulous attention to detail and the world’s finest materials.

A dramatic 600-foot Blue Stone private entry will bring you to the estate’s main house, a residence with 7 bedrooms, 10 baths and approximately 30,000 square feet of living space plus 3,000 square feet of Loggias.  If the 3D theater, 2,000-bottle wine cellar, oak paneled elevator and leather-paneled poker room don’t impress you, surely the French limestone finishes, 40-foot vaulted ceilings, hand-painted fresco domes and Venetian plaster masterpieces will.

As if this was not enough, the estate also has a detached guesthouse with full kitchen and exquisite finishes and amenities all above the 10-car garage. While on your way to the guesthouse, you won’t be able to overlook the nearly 1-acre of porches, decks, loggias, and French Limestone walkways as well as an infinity pool, 15-person spa and temperature-controlled trout pond with a 2-story waterfall.

The Bradbury Estate is a true trophy property and has never been offered for sale, but now holds the listing price of $78,800,000. To schedule a showing please contact Hurwitz James Company in Beverley Hills at 888-681-5902.

Photos via Hurwitz James Company

LA Times Spotlights Bradbury Estate & Its Recherché Trout Pond

The Bradbury Estate in the San Gabriel Valley is rapidly making waves in the real estate world. Recently listed by Donald Abbey with president of Hurwitz James Company Bob Hurwitz, the sprawling Palladian Neo-Classical style estate is gaining earnest attention in large part because it has never before been offered for sale and the price tag, no less, is a walloping $78.8 million. But these are not the only factors that are turning the heads of affluent investors and prominent real estate professionals. The recent Los Angeles Times article on the property appropriately bears the headline “$78.8-Million Estate Comes with Trout Pond and Waterfall.”

Indeed, the controlled-temperature trout pond with two-story waterfall is a truly extraordinary amenity unrivaled by any other landscape luxury. It is likely that the future owner of the Bradbury Estate will find a distinct pleasure in having a personal trout-filled pond with its own pumping and cooling system to maintain a constant temperature of 57 degrees.

But while some might be more intrigued by the trout pond than others, any prudent investor can appreciate the exquisite architecture of this crown jewel estate, much of which took nearly 9 years of construction by high-level craftsmen to culminate. Learn more details about the Bradbury Estate by visiting the Hurwitz James Company property profile.

Congratulations to Hurwitz James Company Real Estate Agent Andrea Yates!

We’d like to take this opportunity to recognize Andrea “Andi” Yates, one of Hurwitz James Company’s most accomplished real estate agents. Andi has been a top producer and luxury home specialist for over twelve years and has represented buyers and sellers on high-end properties from Los Angeles to San Diego.

With a diverse academic background in law, design and architecture, Andi provides a uniquely consummate expertise in the evaluation and pricing of her listings. Andi’s remarkable negotiating skills and the cutting edge technology and creativity with which she implements marketing programs has resulted in a long and impressive list of repeat satisfied clients. Her wide client base spans nationwide and includes celebrities, professional athletes, music industry professionals, developers, investors and CEOs.

Andi’s most recent accomplishment was the listing of three luxury properties in one day! Take a look at these stunning new California home listings, which are the product of Andi’s immense effort and virtuosity.

 

25663 Piuma Road, Calabasas CA; priced at $2,499,000

1461 N. Kenter, Brentwood CA (Crestwood Hills); priced at $2,999,000

26054 Mulholland Drive, Calabasas CA (Malibu Hills); priced at $1,350,000

Bob Hurwitz Shows Brentwood Villa on Recent Episode of LX.TV Open House

Every week on NBC with host Sara Gore, Open House showcases the top real estate and design trends from the experts who know them best. And this past weekend, the show brought viewers to the Celebrity Villa in Brentwood, California for an exclusive behind-the-scenes tour with Bob Hurwitz, President of Hurwitz James Company. This special episode brings you into the luxurious lifestyle of football superstar Michael Strahan and model Nicole Murphy, former owners of the Brentwood Villa. From the exquisite custom finishes to the magnificent master suite bath, you get to see it all first-hand. In case you missed it, watch the “Square Feet: Inside Michael Strahan’s Estate” video segment online on the NBC website.

Currently listed at $6.95 million, the 6-bedroom Celebrity Villa offers stunning Mediterranean style architecture and extraordinary amenities including a chef’s kitchen, home theater, elevator and sweeping backyard with pool and spa. To see and read more about the property, visit the listing on the Hurwitz James Company website. Interested buyers can schedule a private showing with Bob Hurwitz by calling the Hurwitz James Company in Beverly Hills at 888-681-5902.

Top image via nbcnewyork.com
Bottom image via Hurwitz

Housing Wire Magazine on The Razor Sale & High-End Home Market

“Bob Hurwitz never, in his 30-year career, spent this much to push a single home.” This is what writer Andrew Scoggin reports in a recent Housing Wire Magazine article that chronicles the momentous sale of the Razor residence.  Bob Hurwitz shoveled out $150,000 to market the “Razor Bluff” luxury La Jolla estate built by world-renowned architect Wallace E. Cunningham. As you probably remember from the numerous headlines, the Razor was finally sold after three years on the market to a software engineer for only one third of the original asking price.

Hurwitz told the magazine that ”The way this property sold, if anything, reflects the real world in the luxury marketplace.” While certain individual high-end home markets are doing relatively well – mainly, coastal cities including New York, Los Angeles and Washington D.C. –  luxury homes are still struggling with declining property costs and the other issues that are plaguing the rest of the national housing market. According to the article, the high-end home construction industry is remaining “cautiously optimistic.” Luxury homeowners, however, will have to continue to deal with few high-end homebuyers and sinking property values.

Read what other real estate industry professionals told Housing Wire about the current high-end home market in the magazine article online

 

The Enchanting Church Estate Vineyards French Chateau, $14.5M

Make your vineyard dreams come true. The Church Estate Vineyards French Chateau is a nine acre Malibu hillside estate that is distinguished by its unique melding of old-word charm, refined comfort and world-class sophistication. With a gorgeous vineyard, beautiful barn, tennis courts and an 8,000-square foot grand residence inspired by historical European design and featuring authentic artisan finishes, this estate is unlike any other in California.

The Normandy-style residence boasts an expansive great room with 1911 painted Steinway grand piano, an elegant dining room, a custom chef’s kitchen, a coffered ceilinged library, a 19th century in-laid pool table, exquisite guest bedrooms, private Carriage House suite and a 4,000-bottle cherry wood wine cellar with first-century Cypress flooring. The authentic design that upholds a prodigious nostalgia of a glorious past is completed by a 15th-century stone fireplace imported from France, a vast collection of antiques, walnut flooring, antique ash beams and 200-year-old French paver floors.

Panoramic views of the tranquil countryside and nearby waters of the Pacific are just the start of the estate’s stunning landscape that has to be seen to truly grasp its beauty. To schedule a showing with Bob Hurwitz to see the Church Estate Vineyards French Chateau currently listed at $14.5M, contact Hurwitz James Company at 888-681-5902.

 

 

Photos via Hurwitz James Company