The end of June provided some movement in the market, as celebrities in Malibu and Beverly Hills were able to close deals for homes priced below $20 million. In keeping with the broader luxury market trend, uber-pricey Chartwell Estate continued to linger on the market, prompting another wave of discounts.


Serial home flipper Ellen DeGeneres is back at it again. This week, the talk show host put her oceanfront home in Carpinteria on the market for $24 million. That’s about 30 percent more than what she and her wife, actress Portia de Rossi, paid for the pad less than two years ago. The main residence spans 6,860 square feet with three bedrooms and five bathrooms. There’s also a multi-level guest house, as well as a tennis court. It was previously owned by Los Angeles developer Robert F. Maguire III.


Another $50 million was lobbed off the list price of late billionaire Jerry Perenchio’s estate. Once listed at $350 million, the property is now on the market for $195 million. That makes it the most expensive home on the market for sale in L.A. County. Known as the Chartwell Estate, the 10-acre spread features a 25,000-square-foot main house, 75-foot swimming pool and tennis court. Before he died in 2017, Perenchio was the CEO of Univision.


Stavros Niarchos III
, heir of a Greek shipping mogul, has paid $15 million to acquire the home directly behind his, Variety reported. The 8,200-square-foot home sits on a 1.3-acre lot, and includes four bedrooms and seven baths. The sellers were Herb and Beverly Gelfand, who originally listed the home for $22 million. Niarchos, who once dated Paris Hilton, bought a Richard Neutra-designed pad on an adjacent lot for $12.8 million in 2011. It’s possible he’ll try to create one massive estate out of the two Beverly Hills properties.


Over in Malibu, Kevin Durant has found a straight shooter willing to buy his pad. The NBA champion’s home sold for $12.2 million, roughly the same price he paid for it last year. The oceanfront home spans 5,100 square feet. There are four bedrooms, six bathrooms, a home theater, media room and elevator. Durant is expected to opt out of his contract with the Golden State Warriors by the end of the month.


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