Monday, April 25, 2016

DTLA Ritz-Carlton Penthouse Sells for $6,700,000 - Almost Double What it Sold for 3 Years Ago

Even though the headline of the 'gossip column' says the Sugarman's  'dumped' the condo - it had closed in April 2013 for 3.5 million and it just sold  for 6.7 million for its 4500 square feet.   And with all the new condos about to start hitting the market - it will be interesting to see what the new few high end units will be asking - and getting.
YOUR MAMA’S NOTES: It was good ol’ real estate yenta Yolanda Yakketyyak who first whispered in this property gossip’s eager ear and property records do indeed confirm that Burt Sugarman and Mary Hart sold a house-sized penthouse at the Ritz-Carlton Residences at LA Live in downtown Los Angeles for $6.7 million. Even though the couple took a staggering $2.1 million less than their last official $8.8 million price tag, they still made out pretty well on the glass-walled downtown aerie that was acquired according to property records in April 2013 for $3.5 million. Listing details show the 4,250-square-foot spread, with glittery, wrap-around city-lights views, has three en suite bedrooms and 3.5 bathrooms plus a spacious combination living/dining room, and expensively outfitted kitchen with eating area, and a separate family room. The penthouse transfers with two parking spaces in the valet-serviced on-site garage and other creature comforts available to those who can afford to buy into the five-star high-rise include 24/7 concierge and doormen, hotel-style in-room dining and housekeeping services, a state-of-the-art fitness facility and 8,000-square-foot full-service spa, private screening room, and a rooftop swimming pool.

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