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1001 Linda Flora Dr
Los Angeles, CA 90049
Ginger Glass with Compass, original listing - (310) 230-5478
$45,000,000
Conventional
Property
Bedroom
8
Bathroom
Full: 11
Property Type
Conventional
Square ft
15023 Square Feet
Property Description
Nestled on 1.7 acres with 230 ft. of frontage sits this simply exquisite new construction architectural, enveloped by 180-degree views of the Getty Museum, ocean, Century City, Santa Monica, and lush mountain vistas, with no neighbors across the street. Spanning approx. 15,023 sq. ft., this 8-bedroom and 11-bath estate has been artfully designed with a harmonious triangular layout, featuring three expansive wings all wrapped around an outdoor center courtyard for an inviting and seamless blend of elegance and functionality. A magnificent kitchen with enormous island, all opening with expansive pocket windows to a large covered/heated lounge for 30 guests, overlooking the Getty and pool, to create the perfect setting for poolside barbecues or sipping wine into the evening. The principal sanctuary suite spans 3,400 sq. ft. with an expansive art corridor, main bedroom area with fireplace, private deck and balcony, two full baths, and walk-in closets connected by a concrete black iron finish soaking tub and floor-to-ceiling walls of glass, allowing for lush treetop views. A large private office/den at one end of the principal suite includes a wet bar and private elevator landing, just outside the primary entry door and separate office door. You'll also find a family corridor with 3 suites and upper family room with incredible views. Separate upper-level guest wing with 2 suites, full kitchen, family room, dining area, laundry room, and private elevator from the garage foyer below. The main floor features 2 beautiful guest suites with immediate access to the grassy wraparound lawns from each side of the estate. Swiss state-of-the-art automated doors and windows by the company, Panoramah, throughout. A grand main staircase ascends to the second floor, with a dramatic triangular skylight landing and a large wall-to-wall additional panorama window frames the stunning views with beams of light. Family theater with kitchenette and corner lounge, and gym with explosive Getty views and large grassy walk-out living and sitting areas are also found on both sides. An artful triangular-shaped infinity pool with an integrated 60 ft. swimmer's lane, oversized spa, and Baja with waterfalls complete this resort home, along with a large second-floor entertaining deck, creating an atmosphere of timeless luxury. Savant Smart Home, 3 laundry rooms, 2 elevators, large outer circular motor court, and gated parking for 8 cars, plus an oversized deep 4-car garage and security house. Architecture meets functionality with stunning views from every room in the house!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
1001 Linda Flora Dr
City
Los Angeles
State
CA
Zip Code
90049
County
LOS ANGELES (NORTHWEST LA)
Listing
Name
Phone
(310) 230-5478
Office Name
Office Phone
(310) 230-5478
Agent Name
Ginger Glass
Agency Phone
(310) 230-5478

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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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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.