It hasn’t been quite the chart-topping year as was 2016 — when prices were sent into the stratosphere by two $100-million sales — but the upper crust of L.A.’s housing market continued to move at a healthy clip in 2017.
Beverly Hills and Santa Monica registered median sales prices that rank among the highest in the country, and coastal communities such as Malibu and Manhattan Beach saw price records reach new marks.
Of the 40-plus home sales of $20 million or more, there were seven deals north of $40 million and a pair in the high $80-million range, according to PropertyShark. Here’s a closer look at L.A. County’s biggest sales of the year.
$88 million — Bel-Air
Hip-hop power couple Jay-Z and Beyoncé, who have a long history with the Westside rental market, became new L.A. homeowners in August with the purchase of a newly built mansion on Cuesta Way.
The modern showplace sits behind walls and gates and comprises six structures with about 30,000 square feet of living space. Features of the monolithic-vibe compound include spa and wellness facilities, a media room and four outdoor swimming pools. The windows and pocketing glass walls are bulletproof.
Patios and terraces create an additional 10,000 square feet of outdoor living space. Also within 2 acres of grounds is a full basketball court.
The property, developed by Dean McKillen, was never publicly offered for sale but carried an asking price of $135 million, according to real estate sources.
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