America's most expensive luxury home - complete with Dom Perignon-filled fire extinguishers, a candy wall, and the helicopter from Airwolf - can now be yours for a cool $250 million.
The four-bedroom/nine-bath house at 631 Parra Grande Lane in Montecito has been sold. Built on ten acres in 1906, El Fureidis--originally called Gillespie Estate or Gillespie Palace--is one of five homes designed by American architect Bertram Grosvenor Goodhue. If you're not familiar with El Fureidis and its long and dignified history, here's a tour, and a video of an infamous owner's wedding.
Tuesday night, the Santa Monica (CA) City Council unanimously passed one of the most restrictive laws in the nation on short-term rentals. The ordinance (which strengthens and enforces laws already on the books) explicitly bans vacation rentals – rentals of 30 days or less where the primary occupant of the home or apartment is not present – while legalizing and taxing “home-sharing” – i.e. renting a couch, spare room or backyard cottage - providing at least one of the primary residents lives on-site throughout the stay. Santa Monica (pop. 92K) receives over 7 million visitors annually; Salvador Valles, the city's acting chief administrative officer for Planning and Community Development, estimates the number of available listings on home-share sites would go from 1700 to 300. The ordinance goes into effect June 15. [more inside]
The post-war boom gave rise to new concepts of modernity in domestic architecture and, of course, massive suburban development. One such concept was the California ranch-style home, pioneered by Cliff May (1909-1989). Another contemporary architect, Joseph Eichler (1900-1974), had his own vision of modernity in America's new suburbs, but both styles used similar language. At the time, these new designs for living were seen as modern and at the cutting edge of sophistication, but sophistication within reach of the average professional, middle-class family. They were designed to have a practical as well as an aesthetic value. Welcome to mid-century modern. [more inside]
I’ve recently joined the ranks of San Francisco landlords who have decided that it’s better to keep an apartment empty than to lease it to tenants. [SLNYT]
California City is the 3rd largest city in California (geographically), home to California's largest open-pit boron mine, a privately-run Federal Prison, and only 8,835 residents. Originally planned as a "large master-planned leisure community" of up to 1 million people, such growth never materialized, and the remains of the undeveloped streets and cul-de-sacs presage images of the current housing crisis, and are a modern, uniquely American version of the Nazca Lines.
Eichler homes! Most Eichlers are located in northern California, but you can find a few developments in the southland. People restore and renovate their Eichlers, write magazine articles about them, and take lots of photos of them. Even Mr. Incredible owned an Eichler. But owning an Eichler is not for everyone. Want to buy an Eichler? Join the Eichler Network or tour an open house.
Coincidental to the publishing of her memoir, Candy Spelling - the widow of legendary television producer Aaron Spelling - is selling her Beverly Hills mansion for $150 million. (Daughter Tori Spelling is not expected to share in the proceeds.)
Dotcom Yuppies Gone Home. As dotcoms crash and burn, real estate prices start to drop.
Who can say that's a bad thing?
Who can say that's a bad thing?