Perhaps as a way of catering to its readership, the Wall Street Journal does not call its weekly housing section “Real Estate”, but rather “Mansion”.
And Mansion is a good description of the houses that are featured every Friday. For example, here are three of the headlines from this week’s edition:
A Natural Gas Exec Turned His Colorado Ranch Into a ‘Mini Country Club.’ Now He’s Selling It for $220 Million.
But the one that really caught my eye was a house that wasn’t even for sale, it was a rental.
The Pacific Palisades megamansion was built by Los Angeles developer Ardie Tavangarian. Mr. Tavangarian said he decided to rent rather than sell the amenity-laden home to capitalize on increased demand for luxury homes from renters, especially those coming from densely populated cities like New York and San Francisco.
So what do you get for a rental price of $350,000 per month?
- An acre of land perched atop a promontory overlooking the Santa Monica Mountains and the ocean
- The mansion next door is owned by Tom Hanks and Rita Wilson
- A 40-foot-tall statement wall on the property that cost roughly $2 million (not really sure what a statement wall is)
- Six bedrooms
- A fully stocked wine cellar
- A spa
- A movie theater
- A large garage that can double as an events venue, with a car turntable that can be transformed into a dance floor.
- The master suite, accessed via a retinal scanner, has a custom-designed roof that retracts to reveal the sky, either entirely open or through glass. It can also be used as a projection screen to watch movies in bed.
- The house is fully furnished with pieces Mr. Tavangarian said he hand-selected, including a Damien Hirst painting. (I don’t know who Damien Hurst is).
- An infinity pool with a hidden Jacuzzi
- Custom cabanas
- A “sauna pod” designed to frame the mountain views
- An outdoor dining area surrounded by olive trees.
- Two safe rooms
Here’s a video tour of the house:
The house is listed with husband and wife team Branden and Rayni Williams of Hilton & Hyland.
And to give you a sense of who the target market is, here’s what Rayni had to say:
“If you figure that the elite and wealthy aren’t going to be in Europe this summer and on their yachts, they might come to L.A. and rent a very luxurious home in lieu of that yacht.”
I was always curious how the elite and wealthy spent their summers, and now I know.
But then a new thought entered my mind. Are all these people teachers? How else to explain having a summer of leisure? And if so, where did I go wrong?
P.S. There was no mention of a bathroom, but I’ll assume that there is at least one…