MEDIA FOR THIS AUCTION
BACK TO AUCTION DETAILSA FORECLOSURE AUCTION FOR THE SUPER-RICH
January 2nd, 2010
The bids rise in $100,000 increments at this seven-bedroom, 11-bathroom Tarzana estate.
By Lauren Beale
January 2, 2010
"The bargain hunters jockey gingerly for a spot to park their luxury sedans and SUVs along Brewster Drive, a winding road in the hills of Tarzana.
It's a woodsy neighborhood of large homes behind wrought-iron gates, and more than two dozen shoppers are here to bid for a piece of it.
Housing auctions are plentiful these days, including builders' closeouts that lure hundreds of bidders to hotel ballrooms and public sales of foreclosures on the courthouse steps. But this time the steel-nerved speed-talkers at Kennedy Wilson Auction Group are unloading a palatial 13,500-square-foot bank-owned spec home that had been listed for $9.775 million just a year earlier.
"A one-off," says Andrew Levant of the Beverly Hills auction house, meaning just that single property is on the block. The minimum bid at the noon event: $2.1 million for the seven-bedroom, 11-bathroom property."
Read the full article here.
THE BREWSTER ESTATE
December 5th, 2009
STATUS: Archived
Kennedy Wilson successfully auctioned off a 13,500 sq. ft. Grand Estate in Tarzana for $4 million, originally listed for over $9 million. The "Brewster Estate" residence boasts 7 bedrooms, 11 baths, including a sumptuous master bathroom with a glass enclosed steam shower, oversized spa tub, and a room designed for a sauna.
There are two kitchens, a butler’s pantry, fitness room, wine cellar and tasting room, and a multi-level private screening room that is wired for state of the art audio/visual installation. Other property features include a semi-circular motor court, elegant courtyard with fountain, and a subterranean garage that can accommodate up to 16 automobiles. The Brewster Estate is designed for grand living and entertaining. The entire estate is equipped with built-in audio that is controlled by a CRESTRON system (commonly found in nightclubs), with a caterer’s kitchen, butler’s prep room, three wet bars, and two laundry rooms.