Friday, March 21, 2008

Arnold knows Real Estate












A vacant, 2.08-acre lot in Los Angeles’ Pacific Palisades area that once was owned by actor Michael Keaton and that subsequently was owned by TV executive Lloyd Braun has sold for $7,800,000.
Features on the lot include mature towering trees, a charming creek and a bridge, according to listing information, the most recent of which is here. The lot also included plans and permits for a 15,000-square-foot home designed by Richard Landry, according to listing information.

And how exclusive is the street? It’s so exclusive that the onetime Keaton and Braun lot that just sold is just two doors down from California Gov. Arnold Schwarzenegger’s onetime, 5.28-acre, four-lot compound, at 14203, 14209 and 14215 W. Sunset Boulevard / Evans Road. The Governator’s onetime compound had consisted of four separate, contiguous properties:
–A 4,177-square-foot house on a 1.37-acre parcel at 14203 W. Sunset Boulevard / Evans Road. Schwarzenegger had purchased that house in 2001 for an undisclosed amount, and sold it in April 2004 for $2,537,525, according to public records.
–A vacant, 1.29-acre lot at 14205 W. Sunset Boulevard / Evans Road that Schwarzenegger had purchased from actor Daniel J. Travanti in May 1995 for exactly $2,000,000, according to public records. He sold the lot, which had had a house on it when Travanti had owned it, in 2004 as part of the sale of the house next door at 14209 W. Sunset Boulevard / Evans Road (see next bullet point below).
–A 7,654-square-foot house on a 1.38-acre parcel at 14209 W. Sunset Boulevard / Evans Road that Schwarzenegger . The governor-actor sold this property – and the vacant lot next door – to celebrated golfer Denis Watson and his lawyer wife Susan Loggans in 2004 for $7,950,000, according to public records. Loggans famously had sued the governor in late 2004 for allegedly having hid damage to the estate’s pool and tennis court, as well as mold problems in the house’s screening room. Loggans long has had that house (along with the adjacent lot at 14205 that we reference above) on the market for $23,000,000. Check out an online listing sheet for that house here.
–And a 5,713-square-foot house on a 1.24-acre parcel at 14215 W. Sunset Boulevard / Evans Road. Schwarzenegger sold the house at 14215 in mid-2004 for $4,150,000, according to public records.
For those wondering, Gov. Schwarzenegger’s current L.A.-area home is a seven-bedroom, 14,500-square-foot mansion on 9.403 acres at 12989 Chalon Road in Los Angeles’ Bel-Air area, just off Mandeville Canyon Road, which the Governator he purchased in 2002 for $4,863,000, according to public records.