La Canada Luxury Real Estate Sale October 2015: Last month, the most expensive La Canada Luxury home sale was at 4055 Chevy Chase Drive. This seven-bedroom, seven-bath home was built in 2003. The home is over 8,000 square feet on nearly one acre. In addition, there is a 1,000+ square foot guest house, a cabana, an infinity pool, a spa, and a seven-car garage.
Marketing for La Canada Luxury Real Estate Sale October 2015:
This one-of-a-kind Flintridge estate truly has it all. It offers space, style, and stunning views. First, enjoy panoramic, top-of-the-world views from most rooms. The two-sided infinity pool and broad stone patio share the same breathtaking outlook. Next, the gated, secluded setting ensures complete privacy. Built in 2003, the two-story home features an ideal layout for guests—whether for an evening or a full week. Inside, high ceilings and 8-foot French doors invite in sunlight. These doors also open to patios, creating easy indoor-outdoor flow. As a result, entertaining is effortless year-round.
The spacious kitchen suite includes a butler’s pantry, office, and laundry. It opens to the breakfast room, family room, and outside patios. Upstairs, the private bedroom wing offers plenty of space for family and guests. A second family room and second laundry add comfort. Moreover, the remodeled primary suite features a luxury bath and dramatic two-sided views.
Outside, the home continues to impress. The two-edge infinity pool includes a spa. A built-in BBQ, cabana with bath and kitchenette, outdoor fireplace, and patios complete the resort feel. Additionally, the two-bedroom, one-bath guest house adds flexibility. A three-car attached garage and a second four-car garage provide ample storage. Finally, enjoy lush landscaping with fruit trees, lawns, winding paths, a hydrangea garden, and more.
The home sold for $6,000,000. This home was newly constructed in 2005 and purchased for $5,550,000.
The UCLA Anderson Forecast notes L.A. is only three years into a rebound that started in 2012. Home prices have since climbed 27 percent. History suggests four more years of price increases and home values will go up another 35 percent before any correction. The reason comes down to a fundamental imbalance. There’s lots of job growth, but because of strict building and environmental regulations, there will be very little increase in the housing supply.
