Singleton House

Singleton House

A Wallace Neff-designed estate in Holmby Hills recently sold for $59,355,550, which makes it the most expensive home to sell this year in Los Angeles. It surpasses the previous high-water mark of $46.25 million that was paid for the Liongate estate in Bel Air earlier this year.

The new record-holder, known as Singleton House, was one of Neff’s final major designs. The Southern Colonial-style estate was built for Teledyne Technologies founder Henry Singleton. He passed away in 1999 at the age of 82.

Singleton House had been on-and-off the market multiple times in recent years with a price tag as high as $80 million. It was most recently being offered for $75 million. The Los Angeles Times reports that three years ago, the estate was being leased for $34,000 a month.

Singleton House has 10 bedrooms, 12.5 baths and 15,520 square-feet of living space. Among its array of features is a grand entry with oval hallway, gym, tennis court, swimming pool and attached four-car garage.

The grounds at Singleton House are equally as impressive. There are expansive lawns, gardens and a motor court.

For those unfamiliar of Neff, he is considered the godfather of modern California architecture. He pioneered what would become known “California” style, which is heavily influenced by the architectural style of Spain and Morocco. Neff died in 1982 in Pasadena at the age of 82.

The sale of Singleton House also ranks among the highest in the nation this year. In March, New York Jets owner Woody Johnson sold a duplex on Fifth Avenue in New York City for $77.5 million. Following that, a six-acre oceanfront property at Casa Apava in Palm Beach, Fla. sold for $71.2 million.

There are still several high-dollar estates on the market in Los Angeles and more are expected to come online given the trend lines. It will be interesting to see if Singleton House remains the highest-priced home in Los Angeles this year.