“On The Move” is an exploration of residential real estate sales in select luxury markets. In this weekly feature, we’ll sample three different locales to give you a sense of what a certain dollar amount buys in those areas.
This week, our search through sold properties centers on three housing markets in California.
Lake Tahoe | 4 bedrooms, 4.5 bathrooms
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
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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.
Los Angeles | 4 bedrooms, 4.5 bathrooms
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
San Diego | 7 bedrooms, 8 bathrooms
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