A Westworld House Goes on the Market, Miami’s Shore Club Gets a New Life, and More Real Estate News

From listings of famous TV and movie sets—including a famous Westworld house—to glamorous sales launches, there is always something new happening in the world of real estate. In this roundup, AD PRO has everything you need to know.

On the market

Westworld mansion for sale

An otherworldly waterfront estate outside San Diego has been put on the market for $19.995 million. Designed by architect Wallace E. Cunningham, 532 Neptune Avenue in Encinitas offers unparalleled ocean views courtesy of a 74-foot promontory and floor-to-ceiling windows in nearly every room. 

Completed in 2003, the Crescent House appeared in the season three premiere of HBO’s Westworld. Made primarily of concrete, titanium, and glass, the curved abode hides a courtyard and crescent-shaped infinity pool in its center. The house boasts 6,300 square feet of living space and includes four bedrooms, six baths, a chef’s kitchen, and additional guest quarters. 

“This house happens to be upside down, with all of the principal rooms located on the top level,” Cunningham said in a statement last year. “The intention was to create a path to the top without realizing you’re actually ascending. There are a series of ramps that can be taken, staircases, and an elevator—it offers multiple journeys.”

Million Dollar Listing Los Angeles’s star siblings, Matthew and Joshua Altman, have the listing.

The Stilt House from Heat on the market

There’s another unique property with a Hollywood resume up for grabs: 1219 Dodds Circle in East Los Angeles. Also known as the Stilt House, it made its screen debut in 1995’s Heat. 

The 2,000-square-foot midcentury three-bedroom, which can be seen in scenes featuring Danny Trejo and Robert DeNiro, is propped up against a steep hillside by thin steel supports. Outside, a 60-foot rear deck offers a dining area, and the kitchen inside is decorated in original orange hand-fired tile and stained glass, and outfitted with KitchenAid appliances and a wine refrigerator.  

The Stilt House last sold in 2003 for $289,500, Dirt reported, but has been fully renovated and updated since then. It’s currently listed for just under $1.6 million with Sally Forster Jones and Joshua F. Smith of the Sally Forster Jones Group at Compass.

$150 million Bel Air mansion could break real estate record 

Can you ever have too many bathrooms? One luxury Bel Air property for sale has 14. Designed by South African firm Saota in collaboration with Woods + Dangaran, 10721 Stradella Court also has nine bedrooms, separate staff quarters, and a one-bedroom guest house with its own pool and gym.

With an asking price of $150 million, the 21,000-square-foot house is the priciest listing in Bel Air and one of the most expensive in Los Angeles, after Michael Eisner’s $225 million compound and Aaron Spelling’s $155 million manor. 

The listing sits with Aaron Kirkman of AKG/Christie’s International Real Estate.

Don Chapell home in Sarasota, Florida

A Sarasota home built by modernist architect Don Chappell as his personal residence is up for $10 million. Chapell, a follower of the Sarasota school of architecture, designed numerous Hamptons beach houses in the late 1970s. He purchased the lot at 150 Morningside Drive on Sarasota’s Lido Shores in 1983 but didn’t move to the city until 1991. Chapell lived next door as he worked on his dream home. The designer died in 1999, sadly, and never saw the home completed. 

Working from drawings he left behind, Chapell’s widow, Jennifer, finished the house two years later. “So much of it was in Don’s head,” designer Wilson Stiles, who helped with the project, told the Sarasota Herald-Tribune in 2002. “It’s an exceptional house. It’s Don’s best work and one of the most important houses in Florida.”

With pastel stripes and sharp angles, the six-bedroom postmodern masterpiece is “both whimsical and sophisticated,” according to the listing held by Lisa Rooks Morris and Amy Drake of Premier Sotheby’s International Realty. The main living area boasts 17-foot ceilings, floor-to-ceiling windows, and a catwalk connecting to the second story of the adjacent wings. A private balcony in the master bedroom looks out onto picturesque Pansy Bayou.

Sales launch

Cipriani debuts in Miami

The sales gallery for Cipriani Residences Miami, the brand’s first ground-up residential property, has officially opened across from the site at 1421 South Miami Avenue in the trendy Brickell neighborhood. In a statement, Mast Capital CEO Camilo Miguel, Jr. described demand for units in the 80-story condo tower as “overwhelming.” “The sales gallery is a glimpse into the exceptional service and refined design, with best-in-class finishes and materiality that awaits residents both within their homes and in the amenity spaces,” Miguel added.

UK firm 1508 London, which also designed the recently unveiled model residence, utilized contrasting warm camel and cool blue color palettes in the gallery. The space houses a model kitchen and bathroom, as well as custom crystal Venetian fixtures that are scale replicas of the chandeliers that will eventually hang in the completed building’s lobby.  

Designed by Arquitectonica, Cipriani Residences Miami is slated for completion in 2026. Prices start at $1.4 million for a one-bedroom apartment.

Rivage launches in Bal Harbour, Florida

Sales have launched at Rivage, a Bal Harbour condominium developed by Related Group in partnership with Two Roads Development and Rockpoint. Bal Harbour has been one of South Florida’s wealthiest communities for almost a century, and prices at the 61-unit property range from approximately $8 million for what the group calls a “sky villa” to more than $65 million for a penthouse. 

The 24-story building was designed by Skidmore, Owings & Merrill, with interiors from Rottet Studio. More than 25,000 square feet of amenities will include pickleball courts, a restaurant and lounge, and dual pools. “We feel very confident about launching now. There really is no competition in Bal Harbour,” Douglas Elliman’s Pablo Alfaro, who is leading sales, told The Real Deal. Rivage will be situated on a 2.7-acre site currently occupied by the Carlton Terrace condominium, built in 1956. The goal is for that building to be demolished by the end of 2023. Construction on the new project is planned to wrap in about two and a half years. 

New developments

Shoreclub announced in Miami Beach

Witkoff and Monroe Capital have just unveiled plans for Shoreclub Private Collection, an assemblage of 49 condos that will be Robert A.M. Stern Architects’ first residential project in Miami Beach. Inspired by the waves of the ocean, the 18-story rounded tower has nautical touches throughout. Its three staggered tiers have undulating terraces with unique floor plans on each level.

The project will reimagine the historic Shore Club hotel, an Art Deco gem designed by Albert Anis in the 1940s, as a five-star boutique resort run by Auberge Resorts. Another Art Deco building, the Cromwell, is being transformed into a private entrance for residents that will also house four duplexes on its upper floors. 

The project also includes a 6,000-square-foot single-family beach house. Residences at the Shoreclub start at approximately $6 million and will be marketed by Douglas Elliman. 

News

Renting cheaper than buying in 2023

Renting is expected to be more affordable than buying a home this year in most places, according to Realtor.com’s latest monthly rental report. 

In 45 of the 50 largest US cities, the cost of renting in December 2022 was lower than buying a starter home by an average of nearly $800. In 2021, the monthly cost of buying a starter home was more affordable than renting in more than half of those markets. 

Since then starter home costs have risen more than 10 times faster than rents, according to the report. The biggest gaps are in Austin, where renting is 121.3% cheaper (or $2,013), and in San Francisco, where new homeowners are shelling out on average 97% ($2,855) more than renters.  Seattle (86.1%), San Jose (83%), and San Diego (77.2%) rounded out the top five cities.

Renting is increasingly appealing to high-income earners, according to analysis from RentCafe.com that found 2.6 million Americans making more than $150,000 choose to live in rentals. That bracket saw an 82% uptick between 2015 and 2020, compared to just a 3.2% increase in renters across the board. Households with incomes of more than $1 million tripled during that time.