ANNUAL REPORT 2024
Casa Encantada, Bel Air | $165,000,000
I. Introduction
II. Significant Sales
III. On the Market
IV. Credits
A letter from our founders
I. INTRODUCTION
Within the first week of 2025, the unimaginable had already happened. Los Angeles endured one of the worst natural disasters in California’s history. The Palisades and Altadena wildfires caused unprecedented direct and collateral damage which have affected the lives of all Angelenos in some capacity.
Despite the numerous challenges currently facing Los Angeles, the city’s tenacity remains unmatched. Carolwood’s staff and agents are committed to supporting the relief efforts of our choice and providing the highest level of service to their clients in a time where expertise, integrity and compassion are of upmost importance.
As the firm looks towards a brighter future, Carolwood Estates has launched our 2024 Annual Report, shedding light on an incredible second year of operation for our firm. Carolwood celebrated our two year anniversary this past November.
Carolwood’s Beverly Hills office of 150 elite associates expanded to a roster of 180 as we welcomed Lisa Optican Kevin Booker Greg Holcomb, the Alan Long team, Patrick Fogarty Connie Blankenship Heather Boyd and Kate Newton to the fold among others.
Most notably we partnered with David Parnes and James Harris of Bond Street Partners in February. David and James are two of L.A.’s biggest celebrity agents with over $940 million in sales in 2024.
This unrivaled pool of diverse talent has helped Carolwood Estates to achieve a dominant 35% market share of the $20 million+ residential market and a leading 27% market share of the $10 million+ market in the prime neighborhoods of Los Angeles with an annual sales volume of $3.2 billion in 2024. The figure doubles that of Carolwood’s debut annual performance of $1.6 billion in 2023.
Carolwood was ranked as the #1 boutique residential firm in Los Angeles by The Real Deal in August, ranking 8th overall by onmarket volume.
The publication dubbed 2024 as “the year of Carolwood Estates” in December, as our associates represented half of the transactions on The Real Deal’s list of 2024’s most expensive home sales in Los Angeles.
Our agents achieved the highest sales of 2024 in Holmby Hills Beverly Hills Trousdale, the Bird Streets, the Hollywood Hills Little Holmby Century City, the Wilshire Corridor Encino Sherman Oaks and Studio City
Our CEO Drew Fenton represented the four highest residential sales in Beverly Hills of the year himself, while Bond Street Partners represented three of the four highest residential sales in the Bel Air / Holmby Hills area respectively. Carolwood’s associates also represented four of the five highest residential sales in the prestigious Bird Streets, the three highest sales in the Wilshire Corridor / Century City area and the two highest residential sales in Little Holmby
Cooper Mount represented the buyer of The Edge, designed and developed by Unvarnished, at $61 million marking the highest onmarket sale in Malibu of the year.
In total, Carolwood’s associates conducted 104 transactions priced $10 million and above in 2024 with nearly a quarter (23%) of those deals being conducted in-house with fellow associates at the brokerage. Not exclusive to just luxury, we sold $650 Million worth of properties priced $4 million and below in 2024.
Carolwood maintains an estimated $4 billion in current inventory, nearly half of which is held off-market. We continued to bring iconic properties to the market in 2024 including the $165 million Casa Encantada by James E. Dolena (restored by Peter Marino), the $65 million Reserve by Candy London, a $68 million Napa Valleyinspired estate by Howard Backen and the $12.5 million Doumani House designed by sculptor Robert Graham
Our roster consists of 180 licensed agents headquartered in Beverly Hills representing both residential and commercial.
$3.2B
Carolwood Estates took in an impressive $3.2 Billion total sales volume in 2024, our second year in business.
$4B
Carolwood Estates currently maintains ~ $4 Billion in luxury inventory including Casa Encantada, The Reserve, Ocho Manos and Villa Oliva
Carolwood Estates
Sales
We represented the highest sales of the year in Holmby Hills Beverly Hills, Trousdale, the Bird Streets, the Hollywood Hills, Century City, Little Holmby the Wilshire Corridor, Encino, Sherman Oaks and Studio City
23% of our deals sold above $10 Million in 2024 were conducted in-house between agents at Carolwood Estates
Our agents closed 104 transactions priced $10 Million and above in 2024.
FOUR HIGHEST SALES
BEVERLY HILLS
OFF-MARKET ESTATE
$65,000,000*
Represented the Buyer and Seller
1006 N ROXBURY DRIVE
$37,110,000 Represented the Buyer
OFF-MARKET ESTATE
$35,000,000 Represented the Seller
984 N ALPINE DRIVE
$33,000,000
Represented the Seller
THREE OF THE FOUR HIGHEST SALES
BEL AIR / HOLMBY
OFF-MARKET ESTATE
$67,500,000*
Represented the Buyer and Seller
ST PIERRE ROAD
$46,000,000* Represented the Seller
COPA DE ORO ROAD
$39,999,000* Represented the Buyer and Seller
$28,500,000*
Represented
$24,000,000
Represented
Represented
$28,000,000 Represented
Represented
Highest Sale in Holmby Hills
OFF-MARKET HOLMBY HILLS ESTATE
$67,500,000* Represented the Buyer + Seller
Highest On Market Sale in Malibu
THE EDGE, MALIBU
$61,000,000 Represented the Buyer
Highest Sale in Beverly Hills
OFF-MARKET BEVERLY HILLS ESTATE
$65,000,000*
Represented the Buyer + Seller
Highest On Market Sale in Bel Air
ST PIERRE RD, BEL AIR
$46,000,000* Represented the Seller
WAVE HOUSE, MALIBU
$42,500,000* Represented the Seller
Second Highest Sale in Beverly Hills
1006 N ROXBURY DR, BEVERLY HILLS
$37,110,000 Represented the Buyer
Highest Price per Sqft in Beverly Hills
984 N ALPINE DR, BEVERLY HILLS
$33,000,000 Represented the Seller
Highest Sale in the Bird Streets
1800 MARCHEETA PL, BIRD STREETS
$28,500,000* Represented the Buyer + Seller
Highest Sale in the Wilshire Corridor
UTAMA ROYALE, WILSHIRE CORRIDOR
$28,000,000 Represented the Seller
657 PERUGIA WAY, BEL AIR
$27,995,000* Represented the Buyer + Seller
COPA DE ORO RD, BEL AIR
$39,999,000* Represented the Buyer + Seller
Highest
OFF-MARKET BEVERLY HILLS ESTATE
$35,000,000 Represented the Seller
OFF-MARKET MALIBU ESTATE
$30,000,000 Represented the Seller
OFF-MARKET BEVERLY HILLS ESTATE
$28,500,000* Represented the Seller
31412 BROAD BEACH RD, MALIBU
$27,995,000 Represented the Seller
714 N ALTA DR, BEVERLY HILLS
$27,300,000 Represented the Seller
OFF-MARKET HOLMBY HILLS ESTATE
$25,500,000 Represented the Buyer + Seller
O ur Highest Sales of 2024 CONT Third
1375 N DOHENY DR, BIRD STREETS
$24,000,000 Represented the Buyer
14330 SUNSET BLVD, PACIFIC PALISADES
$25,375,000 Represented the Buyer
1432 TANAGER WAY, BIRD STREETS
$23,700,000 Represented the Seller 11 BEVERLY RIDGE TER, BHPO
$23,500,000 Represented the Seller
OFF-MARKET BRENTWOOD ESTATE
$23,000,000 Represented the Buyer + Seller BEVERLY WEST PH, WILSHIRE CORRIDOR
23826 MALIBU RD, MALIBU
$22,500,000 Represented the Seller
1910 BEL AIR RD, BEL AIR
$22,350,000 Represented the Seller
31030 BROAD BEACH RD, MALIBU
$21,499,000* Represented the Buyer
$23,500,000 Represented the Buyer
362 COPA DE ORO, BEL AIR
$22,750,000*
Represented the Buyer + Seller
755 SARBONNE RD, BEL AIR
$22,500,000
Represented the Buyer
10702 LEVICO WAY, BEL AIR
$21,500,000*
Represented the Seller
1475 N DOHENY DR, BIRD STREETS
$20,800,000
Represented the Buyer + Seller
THE CENTURY PH, CENTURY CITY
$20,750,000 Represented the Seller
OFF-MARKET HOLLYWOOD HILLS ESTATE
$20,000,000 Represented the Seller
O ur Highest Sales of 2024 CONT
Highest Sale in Trousdale
551 CHALETTE DR, BEVERLY HILLS
$18,750,000*
Represented the Seller
Highest Sale in Encino
3904 VALLEY MEADOW RD, ENCINO
$17,125,000 Represented the Buyer
1001 N CRESCENT DR, BEVERLY HILLS
$18,550,000 Represented the Buyer
31504 VICTORIA POINT RD, MALIBU
$16,950,000* Represented the Buyer
1130 CAROLYN WAY, BEVERLY HILLS
$18,500,000 Represented the Buyer
Second Highest Sale in Little Holmby
467 COMSTOCK AVE, LITTLE HOLMBY
$16,750,000 Represented the Seller
626 FOOTHILL RD, BEVERLY HILLS
$15,750,000* Represented the Seller
$15,500,000 Represented the Seller
OFF-MARKET BEVERLY HILLS ESTATE
$14,200,000 Represented the Seller
918 WHITTIER DR, BEVERLY HILLS
$13,830,000 Represented the Buyer
$13,550,000 Represented the Seller 31228 BROAD BEACH RD, MALIBU
532 SPOLETO DR, PACIFIC PALISADES
$15,095,000 Represented the Buyer + Seller
1700 CARLA RDG, TROUSDALE
$18,350,000 Represented
$16,550,000 Represented
$15,000,000 Represented
$13,400,000 Represented
$17,985,000* Represented
$17,475,000 Represented
$15,875,000 Represented
$14,500,000 Represented
$12,751,000 Represented
9115 CORDELL DR, SUNSET STRIP
$12,750,000* Represented the Seller
WILLIAM C. HAY RESIDENCE, LOS FELIZ
$11,500,000*
Represented the Seller
435 MARGUERITA AVE, SANTA MONICA
$10,995,000
Represented the Seller
1457 N SAN REMO DR, PACIFIC PALISADES
$10,500,000*
Represented the Buyer
710 N ALTA DR, BEVERLY HILLS
$12,600,000
Represented the Buyer + Seller
$10,800,000
$10,495,000* Represented
570 EVELYN PL, BEVERLY HILLS
$12,550,000
Represented the Buyer
810 FOOTHILL RD, BEVERLY HILLS
$11,407,500
Represented the Buyer + Seller
625 N PALM DR, BEVERLY HILLS
$10,750,000*
Represented the Buyer + Seller
624 N ARDEN DR, BEVERLY HILLS
$10,150,000
Represented the Buyer + Seller
$12,400,000 Represented
$11,100,000
$11,995,000* Represented
$10,999,999* Represented
$10,650,000 Represented
$10,000,000 Represented
$10,000,000 Represented
Casa Encantada, Bel Air | $165,000,000
133 S Mapleton Dr, Holmby Hills | $65,000,000
1005 Bel Air Ct , Bel Air | $40,995,000
24105 Hidden Rd , Hidden Hills | $30,095,000
1118 Calle Vista Dr, Beverly Hills | $29,995,000
1395 N Doheny Dr, Bird Streets | $21,000,000
9551 Oak Pass Rd , Beverly Hills P.O. | $15,999,000
listings priced $8 Million and below from our current luxury inventory.
Los Feliz
175 W Channel Rd , Santa Monica | $5,995,000
1035 21st St , Santa Monica | $4,175,000
607 N Sierra Bonita Ave, Beverly Grove | $2,250,000
1437 Belfast Dr, Hollywood Hills | $6,795,000
Credits
Drew Fenton CEO, Co-Founder
Ed Leyson CMO, Co-Founder
Nick Segal Managing Broker, Partner
Chatty Arrieta Director of Operations
Richard Maslan Associate Manager
Yvonne Agnew Compliance Manager
Shan Sorathiya Accounting
Andy Ledwedge Creative Director
Judith Parker Senior Marketing Manager
Rich Carrillo Digital Media Manager
Glorioso T. Fajardo Senior Designer
Abbey Diokno Senior Designer
Jacob Fajardo Junior Designer
Robert Hernandez Concierge
Amberly Guevara Concierge