See Who’s Selling for a Profit – Real Estate Market Celebrity Real Estate-Pacific Palisades
Purchase Price: $9,100,000
Sale Price: $10,750,000
Serial home flipper, Diane Keaton, appeared to make a quality Pacific Palisades real estate investment when it comes to the Lloyd Wright-designed house she revamped and sold last year. Purchased in 2007 for $9.1 million, Keaton put some serious elbow grease into the restoration of this 1-acre compound. After two years of work, Keaton listed her Pacific Palisades home for $8.5 million in April 2010 at a 6.6% loss. The Los Angeles Times reports, however, that the property was soon taken off the market, expanded to include over 2.5-acres and re-listed for $13,250,000 in June. Though not at the price she was gunning for, Keaton managed to find new owners for the home in September 2010 who handed over $10,750,000 for the mid-century property.
Swait , What did you think ?