In what may be the most sensational real estate deal of the year, Swedish Billionaire Markus “Notch” Persson has officially won the bidding war for one of the hottest spec properties in the Trousdale Estates neighborhood of Beverly Hills. The home has been highly touted in the media for its whopping asking price of $80 million as well as its long list of luxurious amenities. Hip-hop power couple Beyoncé and Jay-Z were at one point very interested in the home, however the home went to Persson in a deal that involved the exchange of $70 million and a few cases of Dom Perignon, according to LA Curbed.
John Aaroe Group, which represented Persson in the deal, reported in a press release that this is the highest price ever paid for a home in Beverly Hills. The home came into Persson’s possession fully furnished with high-end products that range from luxurious to eclectic. Some of the more luxurious items included in the sale were an 18-foot onyx dining room table and place settings designed by Roberto Cavalli. A few of the eclectic items include towers filled with M&Ms candies and a replica of James Dean’s motorcycle.
The home itself is no slouch with eight bedrooms and 15 bathrooms laid out across 23,000 square feet. Some of the finer luxuries of the home include two boutique-style walk-in closets, a subterranean garage that functions as a private car museum, vodka and tequila bars, three 90-inch television sets and an 18-seat screening room.
Persson is indicative of the strong trend of foreign buyers picking up luxury properties throughout Southern California. He commented on it in a statement released by the John Aaroe Group saying, “Overseas buyers are an increasingly important market for ultra-luxury trophy properties in Los Angeles … Trophy properties in LA are underpriced compared with other world cities so buyers can enjoy the lifestyle now and know they will make a solid profit in the future.”
Spec Sale Helps Beverly Hills Home Prices Edge Up
With the sale of such a magnificent property at such an astronomical price, it’s no secret that the Beverly Hills home market is hot to trot. Altos Research, a California-based real estate analytics company reports the median single-family home value in the city edged up in the last few weeks coming to $4,026,154 as of December 19.
Prices had previously been on a decline since peaking around $4.5 million back in June, however strong interest in Beverly Hills properties by wealthy individuals from all over the world is helping this luxury market to grow again.
As of December 19, there are about 164 properties on the market in Beverly Hills.
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