Editor's Note: Bel-Air, CA real estate expert Jeff Hyland talks about some of the record-breaking real estate sales his team at Hilton & Hyland have achieved in the Los Angeles area.
Photo Credit: Hilton & Hyland
Nine-digits. Not eight, not seven, but nine. Nine whole digits. Having represented our clients on four $100 Million+ sales over the last three years has been a major honor.
Jeff Hyland, President of Hilton & Hyland, believes LA continues to be the outright leader in the luxury real estate market. “Los Angeles has become the Blue-Chip Art of real estate," Hyland said, and Hilton & Hyland continues to lead the ultra-luxury market.
Maybe the most noteworthy of our nine-digit sales was the record-breaking sale of the Playboy Mansion. The Mansion was one of the most famous homes in the world as Hugh Hefner touted his estate as the premiere party destination for decades. Famous for a plethora of reasons, the sale of the Playboy Mansion in 2016 was exceptionally notable because it launched Los Angeles real estate into the nine-digit-tier for the first time. Drew Fenton and Gary Gold of Hilton & Hyland were the listing agents on this record-breaking $100-million deal.
As the priciest home on Malibu’s famous Billionaire’s Beach, a $110-million off-market transaction set a new Los Angeles County record in 2018. Wrapped in resonant teak wood, the Richard Meier-designed beachfront home of the founder of the Hard Rock Café and Casinos offered seven bedrooms, nine bathrooms, and wrap-around balconies with incredible ocean views within its 8,000-square-feet of living space. Branden and Rayni Williams of Hilton & Hyland were the listing agents.
Photo Credit: Hilton & Hyland
Hilton & Hyland is synonymous with securing record sales and The Manor was no different. Made famous by Aaron and Candy Spelling, The Manor was originally sold by Rick Hilton and Jeff Hyland of Hilton & Hyland in 2011 for $85-million. Rick Hilton and David Kramer of Hilton & Hyland represented the buyer, Formula One heiress Petra Ecclestone. The Manor sold again in the summer of 2019 for $119.75-million by Ecclestone who revamped the estate after her original purchase. As one of the most grand and private residences in the world, even larger than The White House, the 56,000-square-feet masterpiece laid on nearly five-acres of rare flat land that bordered the LA Country Club. A winding driveway lead to a circular motor court with a fountain and space for 100 cars. Jeff Hyland of Hilton & Hyland represented the buyer.
Photo Credit: Hilton & Hyland
Last, but certainly not least, was the $150-million sale of Chartwell (also known as The Beverly Hillbillies Estate) to Lachlan Murdoch, the executive chairman and CEO of the Fox Corporation. The late Jerrold Perenchio, former Univision chairman and CEO, was able to take the original property and expand it over time into 10.39 incomparable acres in the heart of Bel-Air. The main residence was originally designed by Sumner Spaulding in 1930 with a timelessly elegant exterior of symmetrical cut limestone in the French Neoclassical style. Offering panoramic views from downtown to the Pacific Ocean, Chartwell showcased a rare combination of extensive grounds and powerful jetliner views. Rick Hilton, Jeff Hyland, Drew Fenton and Gary Gold of Hilton & Hyland were the listing agents, while Drew Fenton alone represented the buyer.
As Los Angeles continues to set new records with an increase in nine-digit sales, Hilton & Hyland remains the leader in conducting the highest level of residential deals.
