The biggest and most expensive Real Estate purchase for 2010 in Los Angeles, so far, has been concluded by Tom Hanks.
The Los Angeles Times reports that Tom Hanks and wife Rita Wilson have purchasd a contemporary 4-Bed 5-Bath Pacific Palisades home for just over $26 Million.
The 14,500 sq ft home was built in 1996 and designed by architects Gwathmey Siegel & Associates.
I grew up in LA and live on the North Shore of Chicago right now where there are plenty of luxury homes - I just don't think that house looks like it's worth $26Mil. Have you seen it?
Stewart: Hmmm... I am wondering if Mr Hanks and Ms Wilson used FHA financing ? All kidding aside, I am sure they will be a great addition "to the neighborhood."
Stewart: I clicked on the above pictures to see more info, and got a screen that read something about database error. You might take a look.
Stewart, I enjoy reading your posts about luxury homes. It's quite a different world where I am at in Whittier, where the average price is just above $300,000.
Margaret - I haven't seen this house as it was never on the open market.
The Buyer and Seller negotiated without the property being formally listed.
Karen Ann - The MLS IDX isn't working today ..... but I have reported the problem.
Thanks for the heads up.
Bob - "The rich are different from you and me" said F. Scott Fitzgerald.
"Yes, they have more money" replied Ernest Hemingway.
Hi Stewart,
It would be really cool to have Woody as my neighbor!
I love the architecture. Nothing like a glass house with a view!
Best regards,
Poverty sucks, doesn't it Stewart. Good for Tom and Rita, they do good work.
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