Luxury Market Trends & Research Significant Sales

Notable Luxury Home Sales of 2018: Third Quarter

Highlights from the Top 10 reported sales of Q3, 2018, from the Christie’s International Real Estate global Affiliate network

The most expensive house in Australia; three trophy estates in the star-studded enclave of Beverly Hills, California, including the former homes of celebrated actors Danny DeVito and Rhea Perlman, and Marjorie Lord; and a 21st-century “château” in Vancouver, Canada, were among the top third-quarter sales reported by the Affiliates of Christie’s International Real Estate. Visit our online report to view more of the noteworthy sales from 2018.

1028 Ridgedale Drive—Beverly Hills, California
US$66.25 Million
Sold by Hilton & Hyland Real Estate on August 21, 2018

Billionaire James Packer’s new sprawling estate in Beverly Hills, previously home to celebrated actors Danny DeVito and Rhea Perlman

Australian billionaire James Packer—former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings—purchased this compound near the Los Angeles Country Club. Previously owned by actors Danny DeVito and Rhea Perlman, the 29,000-square-foot property is spread over four structures and includes a seven-bedroom main house, several guest houses, an eight-car garage, outdoor pool, and a beauty salon. A stand-alone entertainment building includes DeVito’s original screening room, a wine room, and a cigar room.

Fairwater—Point Piper, New South Wales, Australia
A$100 Million (reported)
Sold by Ken Jacobs on September 27, 2018

The historic Fairwater estate, Australia’s most expensive house

Fairwater, a magnificent waterfront estate in Point Piper, New South Wales, has become Australia’s most expensive house. The property was bought by Australian tech entrepreneur Mike Cannon-Brookes for a reported A$100 million (US$71.06 million) in September 2018. The pinnacle of Australian real estate, the 2.76-acre property is the largest privately held landholding on Sydney Harbour. Fairwater was the former home of the late Lady Mary Fairfax, and had been owned by the Fairfax family since 1901. The historic main residence and its elegant grounds, which include a swimming pool, tennis court, and formal gardens, afford breathtaking views of Sydney Harbour. The neighboring estate is another Point Piper waterfront landmark, Elaine (also represented by Ken Jacobs), which held the previous record for a single residential property—selling for A$71 million (US$50.42 million) in April 2017.

Maison 613—Beverly Hills, California
US$27 Million
Sold by Jeff Hyland of Hilton & Hyland on September 27, 2018

Maison 613 on North Canon Drive in Beverly Hills

This French Regency-style mansion is sited on one of the deepest lots (measuring more than 350-feet long and 60-feet wide) in the “Golden Flats” area of Beverly Hills, one of the most exclusive neighborhoods in the world. The residence offers approximately 21,000-plus square feet of lavish detail and amenities including seven bedroom suites and a master suite with outdoor Jacuzzi, dual baths, and closets. Additional highlights include a state-of-the-art theater with star roof, indoor basketball court, beauty salon, a two-lane bowling alley, gym, multiple imported fireplaces, self-contained one-bedroom guest house, resort-size swimming pool and spa, and a commercial-grade elevator. The seller was represented by Jeff Hyland of Hilton & Hyland. The $27 million sale price is among the highest ever in this area of Beverly Hills.

Chateau du Pine—Vancouver, Canada
C$26 Million
Sold by Faith Wilson of Faith Wilson Group on July 30, 2018

Chateau du Pine in Vancouver’s prestigious Shaughnessy neighborhood

This grand, newly built family residence has a commanding presence in the prestigious neighborhood of Shaughnessy in Vancouver, Canada. Inspired by the great houses of Europe’s nobility, the 12,619-square-foot home was designed by architect Stefan Wiedemann. Built with the highest standards of craftsmanship, using only the finest materials, it took three years to complete the architect’s vision. The result is a palatial residence with six bedrooms, eight bathrooms and lavish living areas—the ultimate venue for intimate gatherings or large-scale entertaining—set within a beautiful and utterly private garden oasis.

Old Hollywood Trophy Mansion—Beverly Hills, California
US$15 Million
Sold by Linda May and Drew Fenton of Hilton & Hyland on September 7, 2018

The residence where actress Marjorie Lord lived for more than four decades

Emmy Award-winning show host Ellen DeGeneres and actress Portia de Rossi purchased this Hollywood Regency-style home steeped in Old Hollywood glamour for $15 million. Linda May and Drew Fenton of Hilton & Hyland were the listing agents. Designed by renowned architect John Elgin Woolf and completed in 1962, the residence was the longtime estate of the late actress Marjorie Lord, best known for her role in the 1950s American sitcom Make Room for Daddy. Located in Trousdale Estates, the home offers breathtaking views from the grand living room, a rear covered patio, and outdoor areas with a new pool. Embracing the Southern California indoor-outdoor lifestyle, the en suite bedrooms each open through floor-to-ceiling sliding doors to a private courtyard/terrace, while the master suite with spa-like bathroom has access to both the courtyard and the pool.