Posted on 8 Dec
For luxury buyers, there’s a certain appeal to knowing that well-heeled celebrities have come before them. Mansion Global recently reported that a connection to high-profile personalities can elevate the status of a home or neighborhood, representing a certain level of taste and quality. Sometimes, that celebrity pedigree leads to a bump in pricing for a home or the neighborhood as a whole.
“There’s this almost intangible value, that ‘if it’s good enough for them, it’s good enough for me,’” Emil Hartoonian, Managing Partner of The Agency Calabasas and Sherman Oaks tells Mansion Global. The article highlighted the celebrity effect on the rise in demand and pricing of the once sleepy L.A. suburb of Calabasas, now a favorite for celebrities, such as Drake, Justin Bieber and the Kardashians.
“A [previously low-profile] area has turned into this name on the map, because it has a reputation as a haven for security, quality of life, being away from traffic and congestion,” Emil told Mansion Global, which noted that while it’s difficult to quantify the effects on prices, over time, big-ticket transactions from well-known buyers and sellers tend to buoy the rest of the market. The celebrity effect extends beyond the prime Los Angeles markets to destinations throughout the country. Below, we highlight properties with celebrity connections on the market now.
One of TV’s most recognizable homes, The Iredell Estate has appeared on Keeping Up with The Kardashians, True Blood, American Horror Story and Chelsea Lately. While the Kardashians never resided at the abode, the façade of the Mediterranean masterpiece doubled as Kris Jenner’s home. Represented by Kevin Nguyen and Gregory Moncure, the estate represents the coveted L.A. lifestyle, located in the gated Fryman Canyon enclave, featuring panoramic views, park-like grounds, a pool, wine cellar, seven ensuite bedrooms and a lavish office/library. Read more about the home here.
The California estate of Mӧtley Crüe’s Nikki Sixx is nestled behind guard gates at the North Ranch Country Club Estates in Westlake Village. Represented by Emil Hartoonian, the five-bedroom residence is fit for rock royalty, surrounded by remarkable grounds and offering the utmost privacy, grandeur and style. A dramatic entry gallery opens to a stately library/game room, private office, theater and lounge, while the primary suite boasts a private living room, two fireplaces and spa-like bath.