$26M Brentwood listing to test LA luxe market

$26M Brentwood listing to test LA luxe market

  • The Real Deal
  • 09/25/24

Developer Phillip Braunstein and Bond Street Partners’ David Parnes walked through the recently completed property at 1104 Tigertail Road last week. It took a little over five years to get to that point.

The home, which listed Monday for $25.9 million, covers more than 14,400 square feet. The two-story home was built above grade, meaning there’s no basement, while views of the Getty Center mark the entire length of the 200-foot-long lot. Custom millwork, wood paneling and use of marble and stone round out the home’s finishes.

It took two-and-a-half years to obtain all the permits and another three years of construction for Braunstein and his development company Colossal Properties to bring the six-bed, 10-bath home to life and onto the market in Brentwood’s Crestwood Hills neighborhood. The enclave is known for its Mid-Century homes sitting high above Sunset Boulevard in the Santa Monica Mountains.

“The permitting was very long; the construction was very long,” Braunstein said of the hearings and appeals.

The gated property has a herringbone stone motor court, four-car garage, elevator, infinity pool, sauna, theater, gym, wine room and plenty of outdoor deck space.  

Topping all that out is a custom artificial intelligence-generated sculpture created by digital artist Beeple, neé Mike Winkelmann. The artist turned heads after Christie’s auctioned his piece, “Everydays: The First 5000 Days,” for $69.3 million in 2021. The piece, which is not included with the home, marks Winkelmann’s first residential project and first to utilize AI.

For Parnes, the Tigertail listing comes with a chance to ramp up Bond Street — the team within Beverly Hills brokerage Carolwood Estates co-founded by James Harris and himself — as the market bounces back from its summer slowdown.

During the first six months of the year, the two sold about $600 million worth of homes. Then the market slowed in July and August, according to Parnes.

“Now, September, we are slammed,” he said.

 

Story courtesy of TheRealDeal

1104 N. Tigertail Rd, Brentwood | $25,900,000 | View Listing
Listed by David Parnes & James Harris

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