TV personality, fashion designer and author Lauren Conrad has put her Pacific Palisades home on the market with an asking price of $5.195 million. This is a lady who boasts success in shows such as The Hills, Laguna Beach: The Real Orange County and The Hills Live: A Hollywood Ending. She is therefore not short of a few dollars, so why has Lauren Conrad put her Pacific Palisades home on the market?
Life changer
Lauren Conrad and her husband William Tell are said to be expecting their first child which would seem to be part of the reason why the property is going on the market. These life changing events obviously change your outlook on life but we would assume that a 5871 ft.² property would be more than enough for an expanded family? Or do they have larger plans?
Pacific Palisades home
The asking price is $5.195 million which may seem a little expensive to the public but it offers decent value for money for the region. This house has five large bedrooms, six bathrooms which includes a master suite with an ensuite bathroom. The interior design of the property is described as “feminine and bohemian” which is said to perfectly reflect Lauren Conrad’s personal style. From the images available Lauren Conrad has gone for the wood beamed rustic look rather than the all singing all dancing garish designs which some celebrities favour.
The kitchen is one of the main featured rooms of the house with a central island surrounded by the latest subtle would be gadgets together with an array of storage space. We can only imagine it must be a delight to use these facilities!
Additional land
While the 5871 ft.² home is more than enough it is worth noting that the property is situated on a 61,800 ft.² lot. The fact the “Spanish inspired estate” blends into the hills of Los Angeles will no doubt ensure that this property attracts an array of would-be buyers. We can only imagine the potential to extend or build additional buildings on the remaining land and how much this might increase the value in the open market.
Luxury properties
There is array of luxury houses on the market across the Pacific Palisades region ranging from under $1 million to more than $13 million. There is strong demand for the coastal properties which offer a relaxed atmosphere and beautiful views. Those who follow the celebrity property market will be aware that quiet relaxing coastal properties are most favoured by the rich and famous. These also seem to hold their value better than most which has obvious long term benefits.
US real estate
While many had been predicting difficult times for US real estate in the short to medium term, the introduction in Donald Trump as president seems to have improved sentiment. He has an array of experience in the US real estate market and obviously knows what makes markets tick. It is interesting to see the number of celebrity properties advertised on the open market when historically many would have been sold privately.