An unknown buyer picked up a home in celebrity-strewn Calabasas for a record-breaking $ 30 million.
According to the Wall Street Journal, a 22,000 square meter Calabasas house by developer Michael Palumbo has gone to a buyer who is protected by strict anonymity clauses. The luxury developer originally listed the home for $ 38 million under 25345 Prado de la Felicidad in October and lowered it to $ 34 million before the final buyer bought it for $ 30 million.
Palumbo is a household name in the California luxury real estate world, regularly dropping homes with exaggerated price tags. Some sell fast, others make cuts before finding a buyer in the midst of the few people who can afford such properties.
Located in The Estates at The Oaks gated community, 25354 Prado de la Felicidad has many amenities: a spa, putting green, indoor basketball court, home theater, 10 car garage and infinity pool. Maintained by Tomer Fridman of the Fridman Group in Compass and Branden and Rayni Williams of Beverly Hills Estates, it has three floors and eight en-suite bedrooms, plus a separate maid wing and guest canteen.
“Be the first to live in this newly built, unique Calabasas retreat, a stunning contemporary-style residence with a French-modern exterior in the ultra-exclusive, two-gate celebrity enclave, The Estates at The Oaks.” Friedman wrote about the house when it first came on the market.
The sale is the most expensive in the San Fernando Valley, a record previously held by another $ 22.9 million mansion that was sold in 2019. In Los Angeles, that title is held by Barron Hilton’s Bel Air estate, which sold for $ 61 million after his death, which may or may not be.
Kim, Kourtney and Khloe Kardashian have all called Calabasas home before, as have actors Will Smith, Jada Pinkett Smith, Ken Jeong and Katie Holmes, and musicians Drake, French Montana, Travis Barker and The Weeknd.
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