The Market

Modern Flora 

Pacific Bougainvillea brings 63 new single-family homes to Torrance

Written by Alisha Henson | Renderings Courtesy of Pacific Communities

Pacific Bougainvillea offers custom single-family homes. Constructed smart by design, the contemporary three-to-five bedroom floor plans provide warm, functional, and energy efficient spaces with an open layout. Planned with at least one bedroom and full bathroom on every floor, the site of the 63-home subdivision is fit to take a new spin on multi-generational living. Built on a once vacant lot that served as the median on Normandie Avenue, this South Bay gem offers home designs ranging from 1094-2818 square feet, starting in the mid $700,000s. “Pacific Bougainvillea is providing what’s needed in this community and is a wonderful addition to the city of Torrance,” says sales rep Ivery Summers.


A-Listings

Written by Wendy Bowman

Stunning Sanctuary – $7 Million

Seeking a chic getaway in the Mojave Desert? Eric Lavey and Michelle Schwartz of The Agency are offering the Gucci House for $7 million. Owned by British fashion heiress Patricia Gucci—granddaughter of House of Gucci Founder Guccio Gucci—the 18.5-acre compound is situated at 57425 Palma Seco Circle, behind private gates in the mountains above Palm Springs, and features almost 11,000 square feet of living space spread between the main home and two guest houses. Along with commanding panoramic views of the Coachella Valley, additional highlights include a massive chef’s kitchen, private sundecks in each bedroom, as well as a pool, spa, tennis court and home theater.


Recently Sold – $16.5 Million

Casino and resort developer Steve Wynn has parted ways with his modern Mediterranean-style estate in Bel-Air, sold to Beverly Hills doctors Sheila Nazarian and Fardad Mobin for $16.5 million. Located at 565 Perugia Way—in the exclusive enclave of Lower Perugia Way, on almost an acre overlooking the Bel-Air Country Club fairways—the gated, 11,000-square-foot property features five bedrooms (most notably, an elegant master suite with a fireplace, private balcony, and dual baths and walk-in closets); an expansive media room; and a fitness area with sauna and steam room. Venturing outside, one finds numerous terraces ideal for al fresco dining, a putting green, koi pond and waterfalls. The Agency’s Mauricio Umansky, Leonard Rabinowitz, Deedee Howard and Jack Friedkin brokered both sides of the deal.

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