The newly completed residence at 7661 Curson Terrace has been relisted for $99 million after previously seeking $125 million. Spanning 22,000 square feet, the hillside home is constructed from board-formed concrete and steel-framed glass, boasting views stretching from the Los Angeles skyline to the Pacific Ocean. The estate features numerous luxury amenities, including a 100-foot infinity pool, a screening room, and direct private access to Runyon Canyon. Developers noted that the roughly 21 percent price trim directly reflects current market realities and a limited ultra-high-end buyer pool.
Key points
A sale at the $99 million asking price will be subject to a 5.5 percent municipal tax und…: A sale at the $99 million asking price will be subject to a 5.5 percent municipal tax under Los Angeles' Measure ULA.
The developers lowered the asking price by roughly 21 percent to adjust to a restricted b…: The developers lowered the asking price by roughly 21 percent to adjust to a restricted buyer pool in the luxury segment.
The grounds include unique amenities such as private access to Runyon Canyon and a 4,000-…: The grounds include unique amenities such as private access to Runyon Canyon and a 4,000-square-foot motor court that doubles as a ballroom.
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A Los Angeles mansion is back on the market asking nine figures, following a substantial price reduction of $26 million. The megamansion at 7661 Curson Terrace was relisted in mid-October for $99 million, about 21 per cent below the $125 million its developers initially sought, The Real Deal reported.
Pic credit: Zillow
“The price adjustment reflects the realities of today's luxury real estate market, particularly at the ultra-high end, where the buyer pool is inherently limited and transactions often require more time,” Williamses told the outlet in a joint statement.
Pic credit: Zillow
Branden Williams and Rayni Williams of Beverly Hills Estates developed the property with design firm Scott Mitchell Studio. The land was reportedly purchased from actor Jeremy Renner for $8 million. The completed home went on the market a little over a year ago.
Inside the megamansion
Pic credit: Zillow
The house sits on more than an acre of land near landmarks such as the Chateau Marmont and the Hollywood Bowl, with views stretching from L.A.’s skyline to the Pacific Ocean. The mansion has seven bedrooms and 12…
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