July’s Top 10 Real Estate News

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“L.A. Mansion Sets Record – Sells $120 Million”
A 56,000-square-foot home built for deceased television kingpin Aaron Spelling in 1991 has set a new sales record for Southern California at $120 million. The 14-bedroom home last sold in 2011 for $85 million.

“Trump Jr. Buys In Hamptons”
In a bit of a surprise, Donald Trump Jr. has picked the Hamptons for his new home. He and girlfriend Kimberly Guilfoyle just purchased the seven-bedroom, 9,200-square-foot home for $4 million. According to the New York Post, Trump has never been a fan of the Hamptons but Kimberly likes it.

“International Real Estate Sales In U.S. Plunge”
International investments for residential real estate in the United States declined 36% since early 2018. According to data from the National Association of Realtors, internationals purchased $121 billion in U.S. homes between April 2017 and March 2018, but only $78 billion between April 2018 and March 2019. Florida is the leading state for sales to internationals, especially the Florida luxury condo market. Some housing experts are calling it the ‘Trump effect.’

“Sonny & Cher, Tony Curtis & Marilyn Monroe Lived Here”
One of Southern California’s most notable celebrity mansions recently had a big price reduction from $180 million to $115 million. Sonny & Cher, Tony Curtis and Marilyn Monroe once lived there.

“Frank Lloyd Wright $50 Million Restoration”
A Frank Lloyd Wright home in Buffalo recently completed restoration that took 20 years and $50 million.

“Kid Rock’s Detroit Mansion”
Kid Rock is asking $2.2 million for his 6,000-square foot home on Detroit’s east side. Rock, whose real name is Robert James Ritchie, was born and raised in the Detroit area.

“Manson Murder House For Sale”
The upscale Los Angeles home where Rosemary and Leno LaBianca were murdered by Charles Manson followers in 1969 is for sale at $1.99 million. The LaBianca murders happened the day after Sharon Tate and four of her friends were murdered by the Manson clan on August 10, 1969. The home includes two bedrooms, 1,665 square feet and a pool.

“Barry Manilow’s Snazzy Beach House”
One of the nicest beach homes in Malibu, also where Barry Manilow once lived, has recently been listed for sale at $10.375 million.

“Jeffrey Epstein’s Palm Beach Home”
Jeffrey Epstein bought his Palm Beach home in 1990 on a secluded street near President Trump’s Mar-a Lago. County tax records value it at $12.47 million.

“’Nashville’s’ Rayna Jaymes TV Mansion”
Country music fans know that many of their favorite stars live in the most spectacular homes in Nashville’s best neighborhoods. For the hit television show ‘Nashville,’ a mega-mansion in Nashville’s Belle Meade neighborhood was chosen by ABC-TV as the home of Rayna Jaymes, the queen of country music played by Connie Britton. It is on the market for $15.999 million.

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