Issuu

MID-YEAR REPORT

I. Introduction 5

Significant Sales 7

REPORT MIDYEAR

III. Forbes Global Properties 45

On the Market 57

Credits 83

IV.

II.

A letter from our founders

I. INTRODUCTION

Carolwood Estates welcomes you as we launch our 2025 Midyear Report shedding light on our incredible performance year to date.

Carolwood was involved in 4 of the 5 highest brokered sales in Los Angeles as of mid-2025, handling 80% of all brokered transactions with a sales price above $50 million

Topping the list was a $110 million purchase in Bel Air by Australian billionaire James Packer. Carolwood CEO Drew Fenton represented Packer on the buy-side, while the seller was represented by Stephen Resnick and Jonathan Nash of Resnick & Nash, alongside David Parnes and James Harris of Bond Street Partners. The trade marked the highest sale in Los Angeles at the year’s midpoint.

Carolwood represented three of the four highest residential sales in Beverly Hills, four of the five highest residential sales in Trousdale, and the four highest sales in the Los Feliz / Silver Lake area as of mid-2025. Our agents also achieved the highest sales in Holmby Hills Brentwood Park , the Hollywood Hills Mount Olympus, and Hancock Park

In February, thirteen of our agents and teams were featured in the Los Angeles Business Journal’s The List, ranking the top 100 residential agents and teams in Los Angeles.

In June, twenty-one of our agents and teams were ranked among the top 1,000 in the nation by RealTrends in partnership with the Wall Street Journal James Harris and David Parnes of Bond Street Partners took the top spot as the #1 medium team by volume in the nation while Drew Fenton ranked #1 in L.A. County for individuals by volume. Fenton, Parnes, and Harris were joined by Linda May and Cooper Mount in Variety’s Showbiz Elite feature in May.

Carolwood grew our roster as we welcomed Mick Partridge, Shana & Emila Tavangarian, Yoori Park, Anita & Levik Stephan, and Brody Davis to the fold among others.

This unrivaled pool of diverse talent has helped Carolwood to achieve a dominant 23% market share of the $20 million+ residential market and a leading 24% market share of the $10 million+ market in the prime neighborhoods of Los Angeles with a sales volume of nearly $3 billion as of June.

The figure almost matches that of Carolwood’s entire annual performance of $3.2 billion in 2024. Since our inception in November 2022, Carolwood has closed ~ $7.8 billion in sales.

Carolwood’s associates conducted 60 transactions priced $10 million and above in 2025 so far with nearly a third (32%) of those deals being conducted in-house with fellow associates at our brokerage. Not exclusive to just luxury, our firm closed $447 million worth of properties priced $4 million and below as of mid-2025, a 38% increase compared to the same period last year.

Carolwood maintains an estimated $3.4 billion in current inventory, $1 billion of which is held off-market. Carolwood announced our inhouse pocket listing app available for our agents in May.

We continued to bring iconic properties to the market in 2025 including a $177 million trophy property by developer Ardie Tavangarian, the $25 million Parry Residence c.1929 re-imagined by Mark Rios Estee Stanley and Clements Design, and Lizzo’s stunning $14 million Trousdale mid-century-style estate.

Finally, Carolwood became the new exclusive Los Angeles affiliate of Forbes Global Properties in March. The exclusive worldwide residential real estate partner of Forbes, Forbes Global Properties provides exclusive editorial and advertising opportunities to the world’s premier real estate firms and is now represented by 19,000 agents across 26 countries in over 600 locations. Carolwood will benefit from Forbes’ engaged audience of over 109 million to connect, inspire, and inform affluent potential home-buyers and sellers about the finest properties for sale globally.

Our roster consists of 200 licensed agents headquartered in Beverly Hills representing both residential and commercial.

$3B

Carolwood Estates took in an estimated $3 Billion total sales volume within the first half of 2025.

$7.8B

Carolwood Estates took in an impressive $7.8 Billion in total sales volume since our inception.

Carolwood was involved in 4 of the 5 highest brokered sales in Los Angeles as of mid-2025. out of

Carolwood was involved in 80% of all brokered transactions above $50 Million as of mid-2025.

We currently hold the highest sales of the year in Los Angeles Bel Air Holmby Hills Beverly Hills Brentwood Park the Hollywood Hills Los Feliz Silver Lake Mount Olympus , and Hancock Park

32% of our deals priced $10 Million and above by mid-2025 were conducted in-house between agents at Carolwood

Our agents closed 60 transactions priced $10 Million and above as of mid-2025.

Carolwood Estate, Holmby Hills

SOLD | NIMES ROAD

$110,000,000

HIGHEST SALE IN LOS ANGELES OF MID -2025

Carolwood Represented the Buyer | Carolwood Represented the Seller

SOLD | 391 N CAROLWOOD DR

$86,000,000

HIGHEST SALE IN HOLMBY HILLS OF MID-2025

Carolwood Represented the Buyer

$42,000,000 SOLD | N ROCKINGHAM AVE

HIGHEST SALE IN THE HISTORY OF

PARK

Carolwood Represented the Buyer | Carolwood Represented the Seller

BEVERLY HILLS

$69,950,000

Represented

$62,000,000

Represented

$32,500,000

Represented

$27,950,000

Represented

$24,500,000

Represented

$16,500,000

Represented

$8,995,000

Represented

O ur Highest Sales Mid

2025

Highest Sale in Los Angeles + Bel Air

630 NIMES RD, BEL AIR

$110,000,000

Represented the Buyer + Seller

Highest Sale in Beverly Hills

1028 RIDGEDALE DR, BEVERLY HILLS

$69,950,000

Represented the Seller

Highest Sale in History of Brentwood Park

OFF-MARKET ROCKINGHAM ESTATE

$42,000,000

Represented the Buyer + Seller

755 SARBONNE RD, BEL AIR

$32,995,000

Represented the Seller

218 STRADA CORTA RD, BEL AIR

$31,500,000

Represented the Seller

Highest Sale in Los Feliz

4533 COCKERHAM DR, LOS FELIZ

$24,995,000

Represented the Seller

1174 N HILLCREST RD, BEVERLY HILLS

$24,500,000

Represented the Seller

702 N SIERRA DR, BEVERLY HILLS

$22,950,000

Represented the Seller

Highest Sale in Holmby Hills

391 N CAROLWOOD DR, HOLMBY HILLS

$86,000,000

Represented the Buyer

Second Highest Sale in Beverly Hills

942 N ALPINE DR, BEVERLY HILLS

$62,000,000

Represented the Seller

750 LAUSANNE RD, BEL AIR

$34,500,000

Represented the Seller

620 N BEVERLY DR, BEVERLY HILLS

$32,500,000

Represented the Seller

545 CHALETTE DR, TROUSDALE

$25,950,000

Represented the Seller

1701 WESTRIDGE RD, BRENTWOOD

$24,900,000

Represented the Buyer

227 N TIGERTAIL RD, BRENTWOOD

$22,995,000

Represented the Buyer

1054 ANGELO DR, BEVERLY HILLS P.O.

$22,500,000

Represented the Seller

| Castillo del Lago, Hollywood Hills | $18,900,000

607 Siena Way, Bel Air

“We are thrilled to welcome Carolwood Estates to our network of best-in-class real estate partners.”

Michael Jalbert, CEO of Forbes Global Properties

Forbes Global Properties offers us an unparalleled suite of marketing services via Forbes, the platform that helps business leaders, brands and audiences throughout the world innovate for a greater future.

The Forbes brand is one of the most recognizable in the world, out-performing top media outlets and international firms alike in search popularity.

2565 Zorada Dr, Hollywood Hills

International Firms

Carolwood exclusive editorial features with Forbes, the world’s most trusted business news brand. Secured with Forbes Global Properties.

INSIDE THE $25 MILLION BRENTWOOD MANSION OF FORMER TURNER CEO, JOHN MARTIN

BEVERLY HILLS ESTATE OWNED BY A STRING OF INDUSTRY TITANS HITS THE MARKET AT $17 MILLION IN OUTPOST ESTATES, THIS ROCKSTAR’S $14M HOME STRIKES A KILLER CHORD

Fashion mogul Max Azria Netflix co-CEO Ted Sarandos with former author, producer and former U.S. ambassador Nicole Avant and Fox Television chief Jack Abernethy have all called these walls home.

Killers

Dave Keuning

John Martin, ex-CEO of the Turner media empire, sings the familyfriendly praises of his $25 million estate—a home that’s equal parts elegance and entertainment in luxe yet laid-back Brentwood.

INSIDE A $20 MILLION BEL-AIR HOME THAT SPEAKS QUIET LUXURY AT VOLUME

A masterfully re-imagined Bel-Air estate of subtle design choices and precision craftsmanship stands out in its understatement. “I’m a big believer in details that are felt before they’re seen,” says developer Hemal Patel APRIL 2025

INSIDE ADAM LAMBERT’S REVAMPED $7.4 MILLION HOLLYWOOD HILLS HIDEAWAY

Purchased in 2018 by the Grammynominated pop-rock showman, a oncemuted blank canvas of a spec house has been amplified into a stylish sanctuary high above the lights of Los Angeles.

SCENES FROM A CINEMATOGRAPHER’S $7 MILLION HILLTOP HOME

Perched on a serpentine road above Beverly Hills, this home captures moments of cinematic grandeur with auteur precision. Its owner, cinematographer-turned-director Mikael Salomon knows how one frame can carry an entire plot.

BRAND-NEW JUPITER ISLAND ESTATE FINDS BUYER ON PALM BEACH

Palm Beach headlines often drown out quieter barrier islands, yet a brand-new estate on Jupiter Island proves wealth is still migrating north along A1A, slipping into the ledger at $24.3 million – more than double the town’s already-lofty $9.35 million average. The 8,500-square-foot residence offers seven en suite bedrooms, whole-house automation and that coveted new-paint finish buyers now pay to preserve. Since the pandemic, buyers with no appetite for drywall dust have paid premiums for turnkey stock. But the real premium is place: 150 feet of direct Atlantic frontage.

Prices here now hover near eight figures as a matter of course, inviting a question: will Florida’s billionaire belt keep inching north? If momentum holds, sleepier dunes like Vero Beach may soon bristle with cranes and construction crews.

Credit for the curated coastal sale goes to Illustrated Properties’ Jeanne deSanctis and Stephanie Meeker $17.6M $25M

COLORADO PENTHOUSE SALE

LIFTS VAIL’S AVERAGE TO NEW HEIGHTS

A $17.6 million transfer brokered by Rachel Viele of Slifer Smith & Frampton Real Estate atop the Arrabelle at Vail Square quietly lifted Colorado’s Eagle County mean sale price to $3.61 million – 15% higher than a year ago. The 4,000-square-foot penthouse blankets the entire seventh floor, trading skyscraper bravado for slope-level intimacy. Glass-walled living areas frame Game Creek Bowl while a roof-deck pool sends steam into evening alpenglow.

Vail has always been a second-home market, and the unit’s service roster reads accordingly, like a vacation checklist: overnight ski tuning, fridge-stocking, 24-hour concierge. The result is a pleasingly hybrid offer: hotel-style service wrapped in single-ownership privacy – a proven formula for Colorado’s ski towns.

The forthcoming Frontgate Avon aims to amplify this formula, dangling Vail’s largest hot tub (room for 35), an aquatics center, golf simulators, a state-of-the-art gym and a residents-only shuttle to the lifts.

$77M

FINAL TWO BULGARI LIGHTHOUSE PENTHOUSES FETCH SKY HIGH PRICE

What price does scarcity command? At Dubai’s forthcoming Bulgari Lighthouse – still two years from completion – the answer is 282 million AED (roughly $77 million) for the final pair of sky-level residences. A five-bedroom, 11,657-square-foot aerie wrapped in glass and teak set the higher watermark at 146.6 million AED, its sibling following closely behind at 136.25 million AED.

“Scarcity drives value. With fewer than 40 residences in the tower, and amenities that rival a private resort, Lighthouse is arguably the most coveted address in Dubai,” notes Kianoush Darban, who, alongside Driven | Forbes Global Properties colleague Lina Allaoa, brokered both deals.

The sales underscore Dubai’s unabated momentum at the ultra-prime tip of the market. April posted an all-time monthly record of 62.4 billion AED in overall transactions – up 95 percent year-on-year – and analysts expect headline numbers to climb further through 2025 as genuine trophy inventory remains in short supply.

$30M

KEAWAKAPU BEACH AUCTION SALE ACCELERATES MAUI’S TOP-END TEMPO

For 11 brisk days, Maui’s signature calm ceded to gavel chatter. Casa en Maui – a study in volume, shadow and saturated color by the late Ricardo Legorreta, finished under his son Víctor – sold for $28.56 million, the island’s priciest deal of 2025, and lightning-fast by local-market standards.

The Keawakapu Beach compound had logged barely two months on the market, a sprint compared with 2024’s 339-day luxury average. Spread across just under an acre, the residence layers eight en suite bedrooms around doubleheight salons whose glass walls dissolve into lanais, courtyards and a 75-foot lap pool that reads like a cobalt brushstroke.

Concierge Auctions ran the sale along with listing agents Matt Beall and Josh Jerman of Hawai‘i Life, fielding 15 qualified registered bidders – a deep bench for Maui’s ultra-prime bracket. Market watchers now eye nearby Makena, wondering whether this hammer price will reset shoreline expectations.