Los Angeles is the perfect place to live the luxury lifestyle you’ve always dreamed of. Los Angeles luxury real estate is highly desirable because it is modern and in a prime location. Have a look at all of the factors that make LA the number one spot for living a truly luxurious lifestyle.
How Much Money Do You Need?
Firstly, it is important to weigh up the various costs of living a premium lifestyle in LA. The average cost of a home is around $717,583, but this figure can vary drastically based on the neighborhood. The market, in general, tends to be competitive, which makes it essential to choose the right real estate agent and to be properly prepared. Get a pre-approved mortgage to have a clear idea on what you can afford, and visit open houses to get a better idea of the features on offer.
Notable LA Residents
LA attracts many notable wealthy residents, and below are some of the most iconic billionaires that have settled in the city.
Donald Bren, owner of Irvine Company, is a real estate developer who is worth around $12 billion. He resides in the Holmby Homes estate in LA, and that wasn’t enough since he also went ahead and purchased the Silverman estate, which is right next door. One of the key shareholders of Viacom, Sumner Redstone, also lives in LA. He has a net worth of around $3.8 billion and currently resides in the Beverly Hills area. The movie icon Steven Spielberg also calls LA his home, and he has a number of homes in the city. One of his most recent purchases was a Spanish/Medditerean style property. He renovated the entire property, which was spread across 3.5 acres.
Best LA Neighborhoods for Living a Luxury Lifestyle
There are a number of LA communities that provide an excellent lifestyle, and it is no wonder that so many wealthy residents and celebrities have moved to these areas.
The Malibu Colony Beach is one of the most expensive and highly sought after areas. It is a gated community that houses many standout Hollywood stars. The median sales price of a home is around $10.65 million. Another highly desirable LA neighborhood is La Costa which provides access to a number of private beaches. The median price for homes is $3.4 million. Overall, there are a number of great LA neighborhoods that facilitate an exceptional lifestyle. Be clear with your requirements to pick out your ideal area.
The Iconic Billionaire’s Row
When it comes to the most luxurious LA homes, they can be found on the wonderous “Billionaire’s Row”, where developers have been working hard to meet the needs of some of the wealthiest people in the country. This block of stunning luxury properties can be found above the sunset strip. There are properties being built for hundreds of millions of dollars. These eye-watering sums are being spent on enabling the dreams of owners to come true. On this row, there is a custom-built Palace of Versailles replica, and many more exclusive developments on the way. They command eye watering sums, but to their owners, they are worth every penny.
High-Class Dining Experiences in LA
The city offers many excellent dining experiences to suit all tastes. There are a variety of high-class establishments located all over the city. Have a look at some of the top-rated luxury restaurants.
5955 Melrose Ave, Los Angeles, CA 90038
If you want the best seafood in LA, then you can head to Providence, which provides a fantastic high-class dining experience. Enjoy fine-dining in a classy and tranquil setting.
633 W 5th St 71st Floor, Los Angeles, CA 90071,
For the best panoramic views of LA, you can check out 71Above. Alongside these views, you can enjoy a range of excellent modern American dishes. There is also a fantastic bar which is the perfect place to go for some after-work drinks.
448 S Hill St, Los Angeles, CA 90013
For a fantastic rooftop setting, you can visit Perch. They offer some delicious French small plates and a range of handcrafted cocktails. All of this can be taken in with some excellent views of the city.
Overall, LA is the ideal place to be if you want to live a luxurious lifestyle. Wealthy people continue to flock to neighborhoods in LA to find the right balance between relaxation and urban excitement. If you’re interested in Los Angeles luxury homes for sale, then you need to rely on a realtor that is experienced with the local luxury real estate market. You can rely on our team to find your dream home that meets your specific requirements. Contact us at ..