{"id":19376,"date":"2019-06-10T10:09:51","date_gmt":"2019-06-09T22:09:51","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19376"},"modified":"2019-06-10T10:09:51","modified_gmt":"2019-06-09T22:09:51","slug":"international-this-258-acre-los-angeles-property-just-had-a-71-5-million-price-cut","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/international-this-258-acre-los-angeles-property-just-had-a-71-5-million-price-cut\/","title":{"rendered":"INTERNATIONAL: This 258-acre Los Angeles property just had a $71.5 million price cut"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0The Senderos Canyon site.\u00a0Photo:\u00a0Compass<\/span><\/strong><\/p>\n

If you\u2019ve ever lamented your property losing value, wait till you hear about the sprawling multimillion-dollar Los Angeles estate that\u2019s been reduced by a staggering $71.5 million.<\/p>\n

Senderos Canyon is situated in the heart of the ultra prestigious suburb of Bel Air, and boasts 258 acres (over 100 hectares) of undeveloped land equalling roughly 6 per cent of the entire suburb. It was originally put to market in 2013 at the brain-melting price of $179 million.<\/p>\n

After three years, the anonymous owner delisted the property. This week, the estate was put back on the market at the slightly more palatable price of $107.5 million. That\u2019s a 40 per cent price reduction.<\/p>\n

So why the decrease in price? Agent Scott Tamkin, of Compass, said in an interview with\u00a0Bloomberg<\/a>\u00a0that one of the reasons was changes in the way properties in the area were marketed.<\/p>\n

READ MORE VIA DOMAIN<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0The Senderos Canyon site.\u00a0Photo:\u00a0Compass If you\u2019ve ever lamented yourRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478105671,478098780,478105674,478098531,478105672,478105670,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478105673,478105669],"class_list":["entry","author-data123nz","post-19376","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-bel-ai","tag-california","tag-compass","tag-los-angeles","tag-los-angeles-estate","tag-prestigious-suburb","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-scott-tamkin","tag-senderos-canyon"],"yoast_head":"\nINTERNATIONAL: This 258-acre Los Angeles property just had a $71.5 million price cut - 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