Carolwood Estates celebrated our one year anniversary this past November. While still very much in our infancy, we managed to garner international press, close record deals, expand its horizons and attract top talent.
Carolwood’s single penthouse office of 100 elite associates expanded to 150 associates with an additional floor secured within our Beverly Hills location dubbed “the Terrace.” The floor is also home to our newly established commercial division. Industry veterans Mara Commercial joined Carolwood in December and are known for handling deals with Adidas, Marc Jacobs, Paul Smith, October’s Very Own, and Honor the Gift among other high-profile brands.
Outside of Beverly Hills, Carolwood announced plans to expand into Montecito, Newport Beach and Toluca Lake. Orange County power players Michael and Phillip Caruso joined us in January, while top Toluca Lake team Dees Real Estate Group affiliated in December. The Caruso Group bring over $1.125 billion in Orange County sales to our firm, while Kevin Dees and his team recently represented both sides of the record sale of the Hope Estate in Toluca Lake for $26 million. News of a Carolwood Montecito office surfaced in early September.
Most recently Carolwood partnered with David Parnes and James Harris of Bond Street Partners in February. The duo are two of L.A.’s biggest celebrity agents with over $3 billion in sales since 2017 and count Rihanna, Carey Mulligan, Demi Lovato, Big Sean and Kevin Durant among their past clients.
Carolwood Estates earned the distinction of “Team of the Year” from The Hollywood Reporter in late September while Drew Fenton, Linda May, David Parnes, James Harris, Brett Lawyer, Marci Kays and Jonathan Mogharrabi were ranked among Hollywood’s Top 35 Real Estate Agents by the publication. Zac Mostame and Nichole Shanfeld were nominated as “Rising Stars” within the industry.
This unrivaled pool of diverse talent has helped Carolwood Estates to achieve a dominant 26% market share of the $20 million+ residential market in Los Angeles, a leading 21% market share of the $10 million+ market in our core neighborhoods and an annual sales volume of $1.6 billion in 2023.
Carolwood Estates represented three of Architectural Digest’s 10 Most Expensive Celebrity Real Estate Transactions of 2023, and three of The Real Deal’s Top 10 Residential Deals in Los Angeles of 2023.
Carolwood’s associates achieved the highest sales of 2023 in Beverly Hills Post Office, Los Feliz (Brad Pitt's $38.5 million compound), Point Dume, Broad Beach, Holmby Hills, Santa Monica, Brentwood, Toluca Lake, and the Hollywood Hills. The sale of 2571 Wallingford Drive ranked as the highest sale in the City of Los Angeles in 2023 and was notably sold to Hollywood power couple Jennifer Lopez and Ben Affleck. Brett Lawyer solely represented the couple on their purchase.
Carolwood’s associates closed 44 deals priced $10 million and above in 2023 and 30% of their deals priced $11 million and above were done in-house with fellow associates now at our brokerage. Not exclusive to just luxury, we sold over $350 Million worth of properties priced $4 million and below in 2023.
Carolwood currently represents an estimated $2 billion in current inventory. This season we brought iconic properties to the market including the $195 million Casa Encantada, the $69.5 million Ocho Manos, the Cockerham Estate by William Hefner, the Taylor House by Richard Neutra, the Carla Residence by Rex Lotery and a Tudor-style estate featured on a Beatle’s solo album.
Our CEO Drew Fenton currently represents two of Robb Report’s 25 Most Expensive Homes for Sale in the World himself.
