Top Sales: Spec homes and celebrities fuel a red-hot November market [Los Angeles Times]
After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million.
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After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million.
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It’s a massive sale but far shy of the original $100-million price tag when it first listed in 2017 (alongside a racy marketing campaign that involved a house tour filled with luxury cars and scantily clad women).