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1525 San Vicente Blvd
Santa Monica, CA 90402
$59,950,000
Conventional
Property
Bedroom
7
Bathroom
13
Property Type
Conventional
Square ft
22640
Property Description
An extraordinary contemporary estate unlike any other in Santa Monica, 1525 San Vicente Boulevard offers a completely custom living experience, in which each polished detail has been carefully curated by Molori to achieve a resort-like lifestyle bursting with amenities. Extensively remodeled in 2019, the residence is gated and private, featuring 200-feet of Riviera Country Club frontage, magnificent fairway and mountain views, and exceptional amenities such as an approx. 125 ft+ pool, spa, theater, and indoor basketball court. With seven bedrooms, 13 bathrooms, three levels, and 1.6 sprawling acres of gorgeous grounds, the estate offers abundant space for enjoying a chic, sophisticated lifestyle that is unmatched in the area.Grand and dramatic, the home immediately makes an impression with its impressive scale and incredible contemporary design. A water feature greets guests at the expansive motor court which includes parking for 30cars & mature palm trees line the entrance to the home, surrounded by lush greenery. Windows soar and a tall columned entry invites you into an enchanting world of style and luxury.Inside, a clean white aesthetic presides and an illuminated circular staircase leads to the next level. Light rift white oak floors, black trim, and elements of glass masterfully balance dark and lightness. Magnificent finishes elevate each detail, from Macassar ebony and brushed limestone to polished marble and black rift-cut oak. Rich natural textures combine with the expansive scale to create livable art. Turnkey and pristine, the furniture has been custom-designed by Molori in collaboration with Minotti, Flexform, Fendi, Bentley, and other top designers. The stunning library includes a fireplace and built-in, illuminated ebony shelving, while the formal dining room is ideal for hosting with seating for 25 at the long, elegant table. An expansive wine cellar beckons an extraordinary collection, with black shelving dramatically illuminated. The gourmet chef's kitchen features custom-designed cabinetry made by Molori in Italy and an additional catering/prep kitchen.Indoor spaces flow seamlessly to the outdoor paradise, creating a lifestyle of ease and leisure. Outside, the vast scale and pristine grounds feel like an upscale boutique resort. A long pool and spa are lined with grass, and lounge chairs are ready for afternoons spent luxuriating in the sun. The covered pool cabana is magnificent, featuring a dining table with seating for 16 & a full kitchen with wood cabinetry and top-of-the-line appliances. Entertain by the firepit or host cocktail parties by the pool this private oasis stuns and enchants in its opulence. The primary suite is an exquisite private retreat, offering 2,500 square feet of immaculate space, a fireplace, dual marble bathrooms, & dual walk-in closets each showcasing its own spectacular materials and finishes. Walls of glass open to a private balcony with golf course views. The additional bedrooms provide their own ensuite bathrooms, each with its own unique design story, from floor-to-ceiling wood to soaring mirrored walls. Exquisite amenities abound throughout the home; a spa transports you to a tranquil resort, offering the perfect setting for a massage or pedicure; the luxurious screening room is curated with couches and tables, ready for a private viewing; a karaoke room is primed for hosting friends and family; the indoor half basketball court and gym beckon recreation. With the convenience of a laundry room, elevator, and an underground garage with parking for 8 cars, welcome to the height of turnkey living and ultimate comfort. Ultra-privacy meets convenient proximity to life's necessities at this estate. This ideal location is moments from the beach, hiking, Caruso Village in Pacific Palisades, the Brentwood Country Mart, and Montana Avenue's shops and restaurants. For those looking to live an extraordinary life amidst perfection, 1525 San Vicente Boulevard is the ultimate haven.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2012
MLS Number
24-387739
Location
Address
1525 San Vicente Blvd
City
Santa Monica
State
CA
Zip Code
90402
County
LOS ANGELES (NORTHWEST LA)
Listing
Provider
The Agency, original listing
Name
The Agency
Phone
(424) 230-3700
Office Name
The Agency
Office Phone
(424) 400-5900
Agent Name
Santiago Arana

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.