New Listing – 12092 Summit Circle, Beverly Hills CA 90201

Exquisite Classic Georgian Colonial estate located on a private cul-de-sac in the exclusive guard-gated community “The Summit” above Beverly Hills.

Designed with a stunning blend of elegance and gracious beauty this five bedroom six and a half bath stately home is equipped with audio/video systems, built-in speakers for the public rooms and boasts integrated i-pod stations throughout the house.

This light and bright extravagant residence with high ceilings and skylights throughout provides perfectly appointed audio enhanced indoor and outdoor spaces surrounded by French doors that flow seamlessly together to create an elaborate setting for large scale entertaining.

Highlights include a grand two-story entrance poised by majestic curved staircase, gorgeous chandelier and rich parquetry hardwood floors.

The gourmet chef’s kitchen is complimented by carrera marble counters, top-of-the line appliances and a beautiful eat-in breakfast area over looking the serene backyard.

Spacious family room features a wet bar & fireplace.

Four oversized ensuite guest bedrooms are all enriched by carrera marble bathrooms providing abundant space and opulence.

Luxurious master suite is enhanced by vaulted ceilings, romantic fireplace with impressive his & hers bathrooms and generous his & hers walk-in closets.

Expansive private park-like grounds exude tranquil resort ambiance that consists of an outdoor fireplace, several intimate entertaining areas with audio and a sparkling pool plus spa complete this truly special offering.

Price is $3,995,000

To learn more about this property, please visit the dedicated URL: http://www.12092summitcircle.com/.

New Listing – 12092 Summit Circle, Beverly Hills CA 90201

Exquisite Classic Georgian Colonial estate located on a private cul-de-sac in the exclusive guard-gated community “The Summit” above Beverly Hills.

Designed with a stunning blend of elegance and gracious beauty this five bedroom six and a half bath stately home is equipped with audio/video systems, built-in speakers for the public rooms and boasts integrated i-pod stations throughout the house.

This light and bright extravagant residence with high ceilings and skylights throughout provides perfectly appointed audio enhanced indoor and outdoor spaces surrounded by French doors that flow seamlessly together to create an elaborate setting for large scale entertaining.

Highlights include a grand two-story entrance poised by majestic curved staircase, gorgeous chandelier and rich parquetry hardwood floors.

The gourmet chef’s kitchen is complimented by carrera marble counters, top-of-the line appliances and a beautiful eat-in breakfast area over looking the serene backyard.

Spacious family room features a wet bar & fireplace.

Four oversized ensuite guest bedrooms are all enriched by carrera marble bathrooms providing abundant space and opulence.

Luxurious master suite is enhanced by vaulted ceilings, romantic fireplace with impressive his & hers bathrooms and generous his & hers walk-in closets.

Expansive private park-like grounds exude tranquil resort ambiance that consists of an outdoor fireplace, several intimate entertaining areas with audio and a sparkling pool plus spa complete this truly special offering.

Price is $3,995,000

To learn more about this property, please visit the dedicated URL: http://www.12092summitcircle.com/.

Go to Hollywood, West Young Man!

West Hollywood home ownership was once the rare privilege of the financial elite, who could afford the millions of dollars that made the asking prices for so many of these homes completely inaccessible to most first time buyers. The recent economic recession and the housing lender crisis that struck the US real estate market was particularly hard on the luxury sector surrounding Hollywood. While the cumulative result of these factors hasn’t worked out so well for those who are trying to get out of the marked tan make a big profit, home buyers are finding that a new field of opportunity has been made ripe and ready for the picking.

Sellers in Hollywood Hills have been letting fantastic Sepulveda Blvd. and Mulholland Dr. houses, condos and subdivisions go to buyers for lower prices. This is because many believed that such a move would prompt the local real estate market to rally from it’s tough price depression, but the jury is is still out for verdict on whether this will have the intended effect or not. With an influx of new buyers assisted by favorable government mortgaging and payback conditions, prices are about as low as they’re likely to get, and now is the best time for new buyers to take action.

With nationally-ranking schools, amazingly lush sculpted properties and A-list neighbors, the popularity of the houses in the immediate vicinity of Hollywood is no surprise. With market fluctuations at a steady long-term low point, waiting to make your purchases and inquiries is not fiscally advisable.

The Next Generation in Hollywood Hills

Hollywood Hills is famed for its cinema star and entertainer populace, and the lush green landscapes around Mulholland Drive were known as their protected exclusive enclave. With a tough national real estate market displaying horrible numbers both in sales volume and asking price, recent years have seen a change in trends. Buyers are profiting from the fact that sellers have been lowering their asking prices in an attempt to stimulate a dry market, and the US government has been helping financially as well. The net result of all this is that Hollywood Hills homes are seeing new younger buyers as well as the familiar faces of old real estate pros.

Recent loan applicants have benefited from 2009 and 2010 tax incentives that allow inhabitance-dependent grace periods for buyer loan repayment requirements. Buyers must occupy a home for 3 years in order to receive a repayment break. Because of tax incentives, a large percentage of modern mortgages are going to first time buyers, steadying Hollywood luxury home and condo prices at a minimum.

Naturally, the influx of buyers has created a lag period between offer and closing times, and many intelligent buyers are acting now so they can get the homes they want. Now is the best time for first time buyers to get into West Hollywood, where properties aren’t necessarily the cheapest nationwide, but they’re definitely the swankiest. Sellers will only lower their prices for so long until they are utterly undercut by the increasing number of developments and cheap properties temporarily available.

Hollywood Hills:

If you’re ready to make that step up in living accommodations, the shifting landscape of Hollywood Hills may be the perfect place for you. With a history of development that dates to the 1920s, the area is typically known for the high end starlets, actors and celebrities that it customarily houses. The last few years of national real estate woe have not left this localized sector unscathed though, and with a recession that is currently in its dying throes, house values have dropped markedly.

Devalued real estate has become common, as people have not had the chance to make big-ticket purchases in the midst of their recent financial struggles. Add to this the fact that properties sales were down due to the lending crunch, and you can easily comprehend why many sellers thought it reasonable to begin offering reduced prices in the hopes of stimulating market transactions. Although many of home sellers are lowering asking costs acting under the impression that their actions will help the West Hollywood real estate market experience a resurgence, opinion is divided on whether or not this objective will be successful. Change will certainly occur, but if current trends continue, it is most likely that this change will be another advantage for the buyers, as more and more competition is consistently growing in the form of newly-built homes and condos. The expanding areas of Hollywood Hills are seeing more and more accessible housing that is affordable for those of us whose names don’t necessarily feature as billboard headlines.

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