3 houses under 5 million
Your series was picked up. Your movie opened on top. You’re a chronic upgrader.
Time to move on up — to, say, $5 million-ish.
Time for expectation management.
While $5 million buys a perfectly respectable home in Santa Monica, Brentwood and Pacific Palisades, in Bel-Air and Beverly Hills it “basically buys you a mediocre house on a trafficked street on the 500 block, or a fixer in the best location,” says Kurt Rappaport of Westside Estate Agency.
With that in mind, Variety Weekend rounded up three prime under-fives.
739 BROOKTREE RD.,
PACIFIC PALISADES/RUSTIC CANYON
The neighborhood: Secluded and verdant, this area is known for its collection of mid-century architectural properties by heavy-hitter architects like Richard Neutra, Craig Ellwood and Ray Kappe (who still lives in the area).
Core details: This restored redwood-and-glass home, designed by Kappe in 1974, has three bedrooms, three-and-a-half baths, an open living area with a central hearth and a rooftop dining terrace.
Extras: Swimming pool; multiple hillside patios set among oaks and sycamores, ponds and its own stream.
Listing Price: $4.789 million
Contact: Mike Deasy, deasy/penner & partners, 310-275-8880
1228 N. WETHERLY DR.,
The neighborhood: Above the strip, the market’s most expensive home is selling for more than $20 million. However, the surrounding area still has several rock-star-worthy properties in the high $4 millions.
Core details: This home once belonged to James Cagney and is now owned by a New York-based author and screenwriter. It’s a Mediterranean with four bedrooms, four-and-a-half baths and a double-gated circular driveway.
Extras: Restored with period detail; updated with modern fixtures and finishes. There’s also a resort-style pool and spa.
Listing price: $4.995 million
Contact: Michael Eisenberg, Coldwell Banker, Beverly Hills South, 310-281-4577
1079 CARRARA PLACE,
The neighborhood: Located above Kenter Canyon, there are views from the Getty to the ocean. In a more prime area like Brentwood Park, the home’s price would double — unless it required major work. This one requires none.
Core details: Set on a private, guard-gated development of six homes, this 8,000-sq. ft. contemporary built in 2003 has five bedrooms, six-and-a-half baths and a gourmet kitchen that opens onto the family room. Wine cellar; expansive city and canyon views.
Extras: Gym, wine cellar and billiard room; the master suite has a fireplace and his-and-hers walk-in closets.
Listing Price: $4.595 million
Contact: Kurt Rappaport, Westside Estate Agency, 310-860-8889