The highest-priced home sold in August 2019 was 1145 Arden Road, Pasadena. The Arden Villa was listed for $19,500,000 and sold for $15,579,500. This estate had been listed since 2017 with an initial asking price of $28,000,000. The last time this mansion changed hands was in 2013 when it sold for $20,000,000. A previous sale was in 2006 for $11,666,000.
If you look at the picture you may recognize this famous lily pond from the 1980’s hit television show, Dynasty.
Marketing remarks:
Designed by the prestigious firm of Marston & Van Pelt with Palladianism in mind, Arden Villa is one of those grand estates all at once infamous & private—cloistered behind massive gates, which opened to a 100-yard tree-lined driveway. And away from prying eyes, the main residence offers grand entertainment rooms, a lavish Master suite, 11 lavatories, game rooms, a wine cellar, office spaces & possibilities for more sleeping quarters/entertainment spaces.
The extensive grounds include vast manicured gardens, lily ponds, tennis court, swimming pools & tranquil spaces. The recent addition of a secondary residence located at 1193 Arden, has also created the opportunity for a truly private compound.
Arden Villa is known as the ”Dynasty Mansion.” It is home to the infamous Lilly Pond, where Krystle & Alexis played out one of their classic catfights.
Enduring design, charming upgrades & permanent pedigree make this Palladian Masterpiece the perfect backdrop for a Royal Lifestyle with Olympian Calm.
Home purchases by international buyers have dropped by over one-third since last year. The average price of a home has also slipped from April 2018 to March 2019. “A confluence of many factors – slower economic growth abroad. Tighter capital controls in China, a stronger U.S. dollar. And a low inventory of homes for sale – contributed to the pullback of foreign buyers,” said Lawrence Yun, NAR chief economist. “However, the magnitude of the decline is quite striking. Implying less confidence in owning a property in the U.S.” Read the rest here
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