The median home price in Greater Los Angeles was up by 14 percent in March from one year earlier. Homes are selling faster than they were one year ago, and almost half of homes sold in March commanded premiums.Main Takeaways:Sales of affordable homes in Los Angeles further declined in March from...
At more than 800 feet above sea level, Upper Bel-Air has always been prized for its unparalleled views of the city. Now a lavish new private villa has laid claim to its rarest, most tranquil vista of all: a long, end-to-end view of the gleaming waters of the rarely glimpsed Stone Canyon Reservoir.
Set on over half an acre on a promontory at the end of a cul-de-sac at 1940 Bel Air Road, Casa Lago pays homage to the great villas of Italy’s Lake District. Its immaculate gardens are chiseled into the hillside; its magnificent terraces and loggias command breathtaking views of 117 acres of smooth, sky-reflecting waters, the natural canyon, the city and the ocean beyond. The estate has just been listed by John Aaroe Group for $32.5M.
This grand Tuscan style residence reflects the refined European details of villas on Lake Como, from arched doorways and custom woodwork to ornate carved stone moldings and stained glass windows. Exquisite finishes and materials include detailed crown moldings, imported marble, fine hardwood floors, Corinthian columns, high ceilings and rare stones in baths and countertops.
The residence is fully ready for guests with eight bedrooms and fifteen bathrooms, including two staff suites with kitchenette. There’s a state-of-the-art twelve-seat home theater, a billiards room with wet bar, a glass-enclosed 1,060-bottle wine cellar, seven fireplaces and three pools. The indoor pool and spa, inspired by ancient Roman baths, features full mosaic tiling, state-of-the-art lighting effects and stained glass skylights. It’s served by a bath, sauna, steam shower, dressing area and gym.
Glass doors in the formal living room and dining room open to a view terrace that spans the length of the house. The casual eating area and great room open to a view loggia. The upstairs master wing and its two terraces offer some of the most captivating views of the lake, city and ocean as far as Catalina Island. Outside stairs lead to a private infinity pool.
Unique water features and bridges connect terrace to terrace, and hillside pathways lead to gardens filled with roses, lavender, citrus and olive groves that reach almost to the water’s edge. A second infinity pool overlooks sweeping canyon, city and ocean panoramas, while an outdoor kitchen of Brazilian blue granite and bar of Persian Red Onyx enhance entertaining.
Listing agent Aaron Kirman, President of Aaroe Estates, the luxury property division of John Aaroe Group, captures Casa Lago’s appeal perfectly. “The grand style of Italy’s most lavish lakeside villas, the awe-inspiring natural beauty above Bel-Air and the ultra-modern European construction combine to make this a masterpiece unlike anything else in Los Angeles,” he says. And it’s all just seven minutes from downtown Beverly Hills.
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