California Dreaming


1104 Channel Drive in Montecito, California: $37,500,000 Listed with Sotheby’s International Realty and Berkshire Hathaway Home Services

There’s a heavy West Coast vibe to this week’s most expensive new listings on The four priciest properties to hit the market all hail from California.This week’s highest-priced home has been on the market before, but the luxe Bel Air home returns with a modest price cut (now $48.5 million) and an adorable new video that highlights all that the home has to offer.

1. 864 Stradella Road in Los Angeles, California Price: $48,500,000 ($3,411 per square foot)

This luxury listing has bounced on and off the market since October 2014. Originally priced at $55 million, the price has come down just a bit over the past couple of years. Refreshed and newly relisted, this mansion boasting the “best views in Bel-Air” was designed by architect Paul McClean.

2. 47 Camino Por Los Arbole in Atherton, California Price: $42,800,000 ($2,599 per square foot)

This is a brand-spanking-new build in the San Francisco Bay Area. Looking back, Google Street View offers a glimpse of a modest home on the property up until a few years ago. Sold for $7.25 million in 2013, the existing home was razed to make way for this 16,468-square-foot behemoth. Equipped with a 3,000-bottle wine cellar, a deluxe home theater, and a reflection pond, it has all the luxe details—but we’re most interested in the “full bar with dual keg dispenser” in the backyard. Because if you’re spending this much for a home, why settle for just one keg?

3. 246 Atherton Avenue in Atherton, California Price: $39,800,000 ($1,729 per square foot)

Just a half-mile away from the second-place finisher, this contemporary stunner is also a brand-new build. It’s also bigger (23,013 square feet) and on more acreage (2.5 acres) than its neighbor down the street. The home that originally sat on this prime property was purchased for $7.5 million in 2011. Its destruction made way for this stunning home full of clean lines and open spaces.

4. 1104 Channel Drive in Montecito, California Price: $37,500,000 ($5,772 per square foot)

Going back to Bali? In Cali? This Balinese-inspired home on the Pacific Ocean offers a distinct island vibe. Property records show the home is owned by Zacara LLC, a corporation with ties to Lyndon Lea, described as a “British private equity tycoon.” Bonus: The mansion is perfect for parties—Lea had a notable housewarming bash when the compound was completed in 2008.

Article by Erik Gunther for