A Los Angeles penthouse is coming on the market for $75 million, a price that could shatter the record for a condo sale in the city…
The unit is located at the Four Seasons Private Residences Los Angeles, a roughly 60-unit condominium recently completed near Beverly Hills. The penthouse spans more than 13,000 square feet across two floors of the building, located on 3rd Street near the Beverly Center shopping mall, according to developer Jonathan Genton.
Mr. Genton said the design of the penthouse was inspired by the California Case Study Houses, Modernist homes built from the 1940s through the 1960s. The upper floor is configured as an open-concept cube, with sliding-glass walls that open to rooftop reflecting pools.
“I wanted to take a Hollywood Hills Richard Neutra house, and apply it to a multistory building,” Mr. Genton said.
The unit’s price point puts it among the most expensive apartments in the market in the L.A. area, where condo prices have often paled in comparison to those commanded by luxury single-family homes. The record price for a closed condo sale in the area was set in 2010, when Candy Spelling bought a $35 million penthouse at the Century, a high-rise in Century City, according to Mr. Genton. The record price paid for a single family home in the Los Angeles area was set last year when venture capitalist Marc Andreessen and his wife, Laura Arrillaga-Andreessen, paid $177 million for a Malibu compound owned by fashion mogul Serge Azria.
Mr. Genton said he bought the site, which is across the street from a Four Seasons hotel, roughly a decade ago and only recently finished construction, thanks in part to delays related to the Covid-19 pandemic. He started sales around 2018 and has sold about 70% of the building’s units, he said. Owners have already begun moving in. He said the prices for the remaining units start around $3.5 million, and the highest price paid for a unit at the building so far was $18.5 million.
He held off on listing the penthouse, he said, because he was reluctant to market it during the pandemic and wanted to wait until it was almost finished. He said local buyers often want to see a polished product.
Despite its branding, the 12-story condominium doesn’t include a hotel component. Rather, it has hotel-style services, such as a private IMAX theater, a club lounge, in-residence dining and high-tech security.
Mr. Genton called the building “paparazzi proof” because residents can drive into a private, underground garage and board an elevator straight to their apartments. For those looking for an extra degree of privacy, the project also offers private garages within the private garage, so they can’t be seen by their neighbors.
“Conversely, if you want people to see you, you throw your keys to the valet and pretend you can’t find the door,” he said with a laugh.
The building is one of several new condo projects vying for record sums. In 2020, the developer of the new West Hollywood condominium 8899 Beverly said he planned to list the project’s roughly 20,000-square-foot penthouse for $100 million or more. So far, that unit hasn’t sold, nor has any other unit come close to that price.
1200 Club View Dr, Los Angeles, CA 90024
The Weeknd buys a penthouse in Westwood’s Beverly West for $21 million.
After recently selling his luxurious Hidden Hills mansion to Madonna, Grammy Award-winning singer and record producer The Weeknd now resides in a jaw-dropping penthouse in the glittering heart of Los Angeles. The star splashed out $21 million on the purchase, making the condo one of the priciest ever sold in LA.
Abel Tesfaye, the singer-songwriter better known as The Weeknd, has bought one of the remaining penthouses at the Beverly West, a boutique condominium tower in Westwood, in one of the highest condo sales ever recorded in the Los Angeles area.
The “Can’t Feel My Face” and “The Hills” singer paid $21 million — or about $2,555 a square foot — for the residence, which occupies the entire 18th floor. Select designer-curated furnishings were negotiated separately, according to real estate sources familiar with the deal.
The sale ties real estate developer Richard Lewis’ June purchase of another Beverly West penthouse for the most expensive condo sale in L.A. County this year, records show. The two sales are the most paid for a condo in the Los Angeles area since 2010, when Candy Spelling purchased a two-floor penthouse at the Century building in Century City for about $35 million.
No expense has been spared in the penthouse’s state-of-the-art bathrooms either. Clad in swaths of marble, this scheme is the ultimate indulgent spa, complete with a storage island and a freestanding bathtub. We can’t imagine a more perfect spot to soak up those dreamy vistas…
Bigger than your average mansion, the expansive pad in LA’s exclusive Beverly West building spans an astonishing 8,200 square feet and was designed to make the most of the LA landscape. Offering panoramic views across the city’s glistening skyline, the contemporary home is light and pared-down, with minimalist finishes and a clean color palette – a theme in each of the singer’s homes.
From its 11-foot ceilings to its walnut accents, natural stone floors and wall-to-wall glass, the luxurious penthouse is as breathtaking as it is expensive. Covering the entirety of the 18th floor, the house offers four bedrooms, an open-plan great room, a chic chef’s kitchen and two balconies overlooking Los Angeles.
As a full-time resident of the building, The Weeknd also has access to 24/7 security, which was no doubt a draw for the property. Yet such opulence doesn’t come cheap and residential charges reportedly mount up to $6,800 per month, a drop in the ocean for the superstar.
However, it’s a small price to pay for living in the lap of luxury. Complete with gray herringbone wood flooring and a wood-effect feature wall, this stylish bedroom suite wows with a glass-lined bay window that looks out over picturesque green landscapes.
No expense has been spared in the penthouse’s state-of-the-art bathrooms either. Clad in swaths of marble, this scheme is the ultimate indulgent spa, complete with a storage island and a freestanding bathtub. We can’t imagine a more perfect spot to soak up those dreamy vistas…
While Beverly West has no end of plush amenities, the penthouse itself features a private home gym so the star can work out in perfect privacy. There’s even a flat-screen TV to keep him motivated! But life wasn’t always this lavish for the acclaimed musician.
With a net worth of around $100 million, it’s no wonder The Weeknd has plenty of cash to spend on real estate. Over the years the ‘Starboy’ singer has lived in some pretty perfect properties, including a 5,000-square-foot apartment in Manhattan. However, the star’s roots are far more modest. Born Abel Tesfaye in Toronto, Canada, the 31-year-old musician has come a long way since he began his career on YouTube in 2010.
Hilton & Hyland’s Bill Simpson, who is an exclusive listing agent for the Beverly West, said people are starting to recognize and appreciate the perks, privacy and location afforded by high-rise living.
And it’s not just older homebuyers who are buying into the lifestyle.
“When you have a buyer like [Tesfaye], it speaks to the market,” Simpson said. “The younger generation is getting hip to vertical living.”
Tesfaye’s penthouse was one of four that hit the market in August and carried a price tag north of $23 million. Occupying the top floors of the 22-story high-rise, each penthouse was designed to fit a certain personality and features a unique design with curated materials and distinct color palettes.
The penthouse Tesfaye purchased is called the “Mogul” and boasts a dark, masculine palette of deep navy blue complemented by walnut wood paneling. The 8,215-square-foot residence also has a designer kitchen, imported wide-plank oak floors, high-end fixtures and direct elevator access. Walls of floor-to-ceiling windows frame sweeping views in nearly every direction.
“This penthouse was designed for a mogul, and it’s a mogul who is buying it,” said building project manager Eric Jencks.
Jencks said Tesfaye fits a similar profile to others who have bought in the building: individuals who don’t want to be in a homogeneous living space, but also don’t want to lose the privacy offered by an estate or single-family home.
“The Beverly West has no common areas besides the amenities floor,” he said. “Every owner goes up on their short elevator ride to their own airspace.”
The Beverly West building, developed by United Arab Emirates real estate company Emaar Properties, has 35 units and features a 24-hour concierge, a gym and a saltwater swimming pool. On the rooftop is a helipad.
Jeff Hyland and Susan Pekich of Hilton & Hyland shared the listing with Simpson. Angel Salvador of The Agency represented Tesfaye in the sale.