The highest priced Pasadena luxury home sale in February (2018) was 430 Madeline Dr. Initially, the Cravens Estate served as offices for the Red Cross. However, it sold to singer Michael Feinstein for $7,000,000 in cash. Originally, the property was listed for $ 10.5 million. Consequently, it remained on the market for 241 days.
Marketing:
Nestled on Millionaire’s Row, this gem sparkles along tree-lined Orange Grove Boulevard and Madeline Drive. Indeed, it ranks as one of Pasadena, California’s largest and most significant architectural treasures. Built in the late 1920s, the Cravens Estate showcases only the finest materials. Renowned designers, artisans, and workers crafted it with precision.Spanning approximately 20,000 square feet, the estate features steel-reinforced concrete, brick veneer, imported European finishes, and a Vermont slate roof. Notably, a 1955 LA Times article declared it Pasadena’s most expensive home ever built. Moreover, in 1971, Pasadena designated it a Cultural Heritage Landmark. In 2010, it earned the prestigious title of Pasadena Showcase House of Design. At that time, it underwent partial renovation and restoration. Now, for the first time in over 55 years, it hits the market. Ultimately, this presents a once-in-a-lifetime chance for someone to write the next chapter in this magnificent estate’s storied history.
Contact Phyllis Harb to learn more about luxury home sales.
I remember driving by millionaires road to look at the beautiful homes as a child. I would love to know what the buyer plans to do with this home