Santa Monica’s priciest home for sale takes 20% haircut
The most expensive home currently for sale in Santa Monica just took a sizable haircut. The trophy estate overlooking Riviera Country Club, initially listed last summer for $110 million, is now asking $88 million, representing a 20 percent reduction worth $22 million, Mansion Global reported. The property at 859 Woodacres Road is owned by an LLC linked to the Washington Companies, the industrial conglomerate founded by billionaire Dennis Washington, with his son Kevin Washington reportedly behind the entity. The Washington Companies affiliate bought the property in 2017 for just over $41 million, acquiring the estate from a trust connected to […]This article originally appeared on The Real Deal. Click here to read the full story.
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