Mansion Global Daily: A Mid-Century Masterpiece Hits the Market in Los Angeles, Competition Heats Up for Luxury Rentals in Central London, and More


A mid-century masterpiece built for a Hollywood starlet is sold in Los Angeles for $27 million

The owner has given the 1950s home a contemporary makeover, expanding the former home of French actress Corinne Calvet to nearly 9,000 square feet. Read more

IN NUMBERS


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LIST OF THE DAY


The largest villa in a complex on the Spanish island of Ibiza asks for 31 million euros

Facilities include a 25 meter swimming pool, rooftop terrace, three kitchens and unobstructed ocean views. Read more

TAX DISCUSSION


The Spanish Plusvalía tax explained

The one-time charge is like a capital gains tax and some rules around the levy were changed in November. Read more

NEWS

Vancouver home prices continue to climb

Home prices in Vancouver rose 16% in November from a year ago, hitting a benchmark price of C$1.211 million (US$945,000), according to the latest figures from the Real Estate Board of Greater Vancouver. Single-family homes, whether townhouses or detached properties, continued to lead the city in price growth, with annual values ​​up more than 20% for both categories. Despite a lack of inventory in the city, sales rose more than 11% year over year in November. Yahoo finance

Competition heats up for luxury rentals in central London

Competition is increasing for luxury rentals in central London as restrictions on international travel ease and expats return to work or send their children to school in the city. One agent even reported renters writing pet resumes offering detailed information about their pets’ habits and behavior in an effort to win over landlords. Potential tenants who once had half a dozen listings to choose from now have one or two, and recent data from the Chestertons agency showed the prime rental home in mid-October had fallen by 73% since the start of the pandemic in 2020. FT

Deal paves way for 19,300 new homes outside of Los Angeles

A California developer has agreed to build a zero greenhouse gas development of some 19,300 homes along the undeveloped northern border of Los Angeles County, where it meets the southern edge of the Tehachapi Mountains. This week’s announcement ends a long-running dispute between the developer, Tejon Ranch Co., and various environmental groups who have said the builder isn’t doing enough to tackle carbon emissions. The 6,700-acre project is expected to help alleviate the severe housing shortage in the area. Los Angeles Times

150-year-old Iowan mansion sells for $1.25 million

A grand Victorian mansion built in Iowa about 150 years ago has hit the market for $1.25 million in the town of Pella, about an hour southeast of the capital Des Moines. The Italian-style red-brick mansion was built in 1971 and features an ornate facade, grand staircase, and 11-foot ceilings. The house once presided over a 400-acre property, where the bricks of the mansion were kiln-fired. The home spans over 5,000 square feet and includes geothermal heating. KOEL.com

AROUND NEWS CORP

The Bahamas’ private island raises its price to $100 million [The Wall Street Journal]

Here’s How Inflation Affects Home Prices: What Buyers and Sellers Need to Know Right Now [Realtor.com]

The tallest beachfront tower in the United States will be marked by Bentley in Miami [New York Post]

Hemsworth ‘Eyes Closed’ $15 Million Beachfront Site [news.com.au]

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