Hollywood at Its Heights, Just $11.5M
Real estate agent Blair Chang, of Rose + Chang, explains that, "Even in this market, a buyer will pay a premium price for a house that's rare and super-hard to duplicate."
Set on its own promontory, with a jutting deck that feels like an eagle's nest, 1900 Sunset Plaza Drive provides a feeling of endless space combined with privacy -- strong selling points for a certain sector of L.A.'s entertainment industry. Though built in 2004, it has an adjacent two-bedroom, two-bath 1920s bungalow that can be part of the sale, creating a "serious private compound," says Chang
Home sale prices continue to soar in this once-modest postwar neighborhood. Why do buyers pay up to $1,750 per square foot for a home on this hill?
Real estate agent Blair Chang sees potential buyers migrating from the nearby bird-named streets of the Hollywood Hills to Sunset Plaza Drive. There are good reasons to move above Sunset Plaza: residential lots are generally larger than on the "bird" streets (Blue Jay Way, Oriole Way and Thrasher Ave.) and the views are just as fine.
Homes for sale here are extremely pricey and a favorite of stars like Leonardo DiCaprio, Keanu Reeves and Jennifer Aniston.
DiCaprio's neighbor, nightclub and hotel owner Sam Nazarian, is selling his ultra-bachelor pad which was also once home to the fictional Vincent Chase on HBO's "Entourage. Priced at $18,900,000, that's a little more than $3,000 per square foot.
Chang recently sold an all-new, 5,200-square-foot, Sunset Plaza Drive house closer to Sunset Blvd. for $9.1 million, a relative bargain compared to Nazarian's citadel.
Sunset Plaza Drive's most sought after homes for sale have "no neighbor impact," says Chang. At 1900 Sunset Plaza Dr., there are incredible views with neighbors (and pesky paparazzi) out of sight, and below, with no direct access. An open floor-plan means the living and dining rooms open out to the deck where there are steps down to a small lap-pool and spa.
Ceilings in the living room are 24-feet-high and designed to take in the view. A 10-seat screening room seems a given, as does the designer kitchen with black-granite counters, custom maple cabinets and small dining nook (with insane views too!).
The master suite is perched over the living room below: windows open to the inside of the house -- an architectural choice that also takes advantage of the enviable location on L.A.'s heights.
For more homes for sale in the Hollywood Hills go to AOL Real Estate.