Two developers in California are looking to lure a buyer willing to do something no other buyer has ever done before in Los Angeles history – pay between $50 million and a $100 million for a condo.
A deal anywhere near those asking prices would shatter a record in the City of Angels, where no single condo unit has ever sold for more than $22.5 million, according to public records.
A rendering depicts the penthouse terrace and pool at the Four Seasons Private Residences Los Angeles which is on the market for $75M.
Martyn Lawrence Bullard and CRTKL
A behemoth duplex-apartment located at 9000 West 3rd Street in Beverly Hills comes with a price tag of $75 million.
One LA, as the penthouse is called, hit the market back in July. It spans the top two floors of the Four Seasons Private Residences Los Angeles, part of an ultra-luxe condo project by the Genton Development Company that includes 59 units across 12 stories.
Rendering depicting the finished penthouse atop the Four Seasons…
2023-01-31 19:53:38 Look inside luxury Los Angeles condos seeking record prices
Link from www.cnbc.com Los Angeles is no stranger to luxury and wealth, and the city’s thriving condo market reflects that. Recently, developers have been pushing the boundaries of luxury living, resulting in some incredible and innovative designs that are commanding record-breaking prices.
One of the more noteworthy developments to recently hit the market is the NineThirty development in Westwood. Located at the nexus of residential, entertainment and shopping, the development offers a rare combination of sophistication and convenience. With 14 chic modern condos, this exclusive development offers open-concept floor plans, high ceilings, and outdoor balconies with beautiful views of Los Angeles.
The crown jewel of the development is a two-story penthouse, replete with an expansive terrace and top-of-the-line kitchen and bath appliances. Other luxury features include a lounge and observation deck, gym, hot tub, 24-hour concierge, and private residential lobby.
At a staggering $25 million, the penthouse is thought to be one of the most expensive condos for sale in Los Angeles. However, it isn’t the only luxury condo on the market. The recently-completed 17th and Broadway building in Downtown Los Angeles has four luxurious penthouses, including a three-bedroom, four-bathroom unit that is priced at $9.5 million.
Other luxury buildings in the area include Beverly Hills’ Beverly West, which boasts deluxe residences with panoramic views of the city, and the 8500 Burton Way development, which offers contemporary living in one of the city’s most exclusive neighborhoods.
Luxury condos in Los Angeles may be out of reach for many, but they offer an insight into what wealth and luxury look like in this world-famous city. Now, more than ever before, there are record prices being set for Los Angeles’ luxury condos, where only the finest in materials, design, and craftsmanship will do.
