Home News Tech CEO Wins Bidding War for Pacific Palisades House – DIRT

Tech CEO Wins Bidding War for Pacific Palisades House – DIRT

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Pacific Palisades is one of Los Angeles’ most competitive luxury markets. The coastal weather, excellent schools, and abundance of shopping and dining destinations attract wealthy buyers. As such, bidding wars are a daily occurrence. But this particular property has taken the eating frenzy to a new level. The all-new home was unfinished at the time, but sold last year for $18 million, a staggering $3.2 million. that’s all The asking price and reportedly one of the highest prices per square foot ever paid for a new build on the Palisades Riviera.

A not insignificant reason for the desirability of a home is Kim Gordona widely recognized Los Angeles developer and designer, whose latest project combines warm contemporary architecture andwellness real estateNatural elements such as Southern California sunlight, ocean breezes, and local flora are carefully incorporated to create a home that blends seamlessly into its surroundings while maintaining all the high-tech amenities that luxury home buyers crave.

This particular home shows off all of Gordon’s signature design flourishes. A seamless indoor-outdoor living environment, bespoke furnishings and finishes, an open yet intimate floor plan that offers equal opportunity for large-scale entertaining and intimate meetings. Located behind a gate, his two-story building is discreet from the street but extends deep into the lush grounds, boasting his mansion-sized 8,600 square feet of living space.

The house was sold before it was completed, so renderings give a glimpse of what the finished interiors will look like. Two of the home’s more unique features are the light-filled kitchen. This kitchen has an innovative two-story pantry with an open-air dining patio, and the primary bedroom suite is a luxury abode in its own right, located in the home’s private wing. Features dual bathrooms, dual closets and private patio with plunge pool. The entire residence has hand-troweled matte plaster walls and heated stone floors.

The home’s very wealthy bidder was unknown, but he turned out to be a tech entrepreneur Joshua Motta39-year-old co-founder and CEO, based in San Francisco union. now valued at $5 billion Backed by private equity firms such as General Atlantic and Valor Equity Partners, The Coalition is disrupting the cyber insurance industry with industry-leading cybersecurity tools to mitigate digital threats.

Motta and his wife Gwyneth, who have previously worked for both Microsoft and the CIA, were previously based in San Francisco near the Union Square headquarters of the Coalition. But it shouldn’t come as much of a surprise that they’re planning to relocate to Los Angeles. $13 million fixer upper mansion Located in the nearby Brentwood Park area.

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