On The Move: Homes Selling For Around $3 million In California’s Luxury Markets

“On the Move” is an exploration of residential real estate sales in select luxury markets. In this weekly feature, we’ll sample different locales to give you a sense of what a certain dollar amount buys in different locales.

This week, our search through sold properties centers on three luxury markets in California.

A $3-million home in Truckee

This newly built contemporary in Truckee’s Martis Valley recently sold for $3.1 million.

Lake Tahoe | 4 bedrooms, 4.5 bathrooms
$3.1 million
600 EJ Brickell, Truckee

The custom home, designed by Ryan Group Design in collaboration with RO Builders, lies within the confines of Lahontan, a gated 900-acre golf community in scenic Martis Valley.

Built in 2019, the contemporary chalet-style house features an open-concept floor plan, high ceilings, multiple outdoor fireplaces and a concealed spa. Floor-to-ceiling windows in the voluminous great room take in tree-top and mountain views in nearly every direction.

Weeks on market: 59

List price: $3.2 million

List-to-sale ratio: -3.125%

Median price: $2.45 million

Listing broker: Katariina Nousiainen, Tahoe Mountain Realty

This striking contemporary home represents the new-school of architecture cropping up in Silver Lake, a hip Los Angeles neighborhood known for its bustling shopping and entertainment district and collection of Midcentury Modern homes.

Completed in 2020, the multi-level house opens to living spaces featuring high ceilings, exposed beams and French oak floors that pop beneath custom lighting. A chef’s kitchen outfitted with handmade cabinetry and leathered quartz countertops anchors the floor plan. Atop the home is a 1,500 rooftop deck with views of Downtown L.A.

A $3-million home in Los Angeles

Located in the hip Silver Lake neighborhood of L.A., this flash contemporary, which features a massive rooftop deck, sold for $3.2 million. (Adam Latham for Hilton & Hyland)

Los Angeles | 4 bedrooms, 4.5 bathrooms
$3.2 million
1653 Waterloo St., Silver Lake

Weeks on market: 15

List price: $3.599 million

List-to-sale ratio: -11.09%

Median price: $1.038 million

Listing broker: Heather Boyd, Hilton & Hyland

The Mediterranean villa-style home in Rancho Santa Fe’s Fairbanks Ranch community sold in about 18 weeks for $3 million.

San Diego | 7 bedrooms, 8 bathrooms
$3 million
6039 Avenida Alteras, Rancho Santa Fe

Located on the popular north side of Fairbanks Ranch, a gated resort community of estate-sized homes, this Mediterranean villa-style house crowns a 1.3-acre hilltop overlooking the scenic enclave.

Designed with outdoor living in mind, the two-story home is accompanied by a saltwater swimming pool with a waterfall feature, a tennis court, fruit trees and a vegetable garden. Installed solar systems provide whole-house electricity as well as heating for the pool.

Weeks on market: 18

List price: $3.295 million

List-to-sale ratio: -8.95%

Median price: $2.85 million

Listing broker: Scott Appleby and Kerry Payne, Willis Allen Real Estate

Author

Neal is the Chief Content Officer at Forbes Global Properties. A content strategist with more than a decade of experience in the sports, entertainment and real estate spaces he previously launched a sports real estate column and chronicled L.A.’s biggest home sales for the Los Angeles Times' award-winning “Hot Property” section.

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