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

Real Estate

“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

$3.1 million

600 EJ Brickell, Truckee

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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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Listing broker: Katsi 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.

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

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

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