Southern California’s red-hot real estate scene cooled a bit in October, with no extravagant spec mansions or Old Hollywood haunts to break through the $20-million mark. Moves were still made by many, however, including a billionaire’s ex-wife and a high-profile actress.
Here’s a closer look at the priciest deals that went down in L.A. and Orange counties last month.
$17.5 million — Malibu
Four of the five largest on-market deals in October came near the coast, including this Cape Cod that traded hands for $17.5 million on a bluff in Malibu’s Point Dume.
Records show the home was owned by Wendy Hughes, ex-wife of billionaire Public Storage founder B. Wayne Hughes. She paid $10.7 million for the property in 2012.
The coastal compound spans an acre and includes a main house clad in wood shingles, guest cottage, swimming pool and multiple lawns dotted with fruit trees and flower-laden
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