I. INTRODUCTION
Carolwood Estates celebrated our one year anniversary this past November. While still very much in our infancy, we managed to garner international press, close record deals, expand our horizons and attract top talent.
Carolwood’s single penthouse office of 100 elite associates expanded to 150 associates with an additional floor secured within our Beverly Hills headquarters dubbed “The Terrace.” The floor is also home to our newly established commercial division. Industry veterans Mara Commercial joined Carolwood in December and are known for handling deals with Adidas, Marc Jacobs, Paul Smith, October’s Very Own, and Honor the Gift among other high-profile brands.
Outside of Beverly Hills, Carolwood announced plans to expand into Montecito, Newport Beach and Toluca Lake. Orange County power players Michael and Phillip Caruso joined us in January, while top Toluca Lake team Dees Real Estate Group affiliated in December. The Caruso Group bring over $1.125 billion in Orange County sales to our firm, while Kevin Dees and his team recently represented both sides of the record sale of the Hope Estate in Toluca Lake for $26 million. We announced our Carolwood Montecito office in early October.
Most recently Carolwood partnered with David Parnes and James Harris of Bond Street Partners in February. The duo are two of L.A.’s biggest celebrity agents with over $3 billion in sales since 2017 and count Rihanna, Carey Mulligan, Demi Lovato, Big Sean and Kevin Durant among their past clients.
Carolwood Estates earned the distinction of “Team of the Year” from The Hollywood Reporter in late September while Drew Fenton, Linda May, David Parnes, James Harris, Brett Lawyer, Marci Kays and Jonathan Mogharrabi were ranked among Hollywood’s Top 35 Real Estate Agents by the publication. Zac Mostame and Nichole Shanfeld were nominated as “Rising Stars” within the industry.
This unrivaled pool of diverse talent has helped Carolwood Estates to achieve a dominant 26% market share of the $20 million+ residential market in Los Angeles, a leading 21% market share of the $10 million+ market in our core neighborhoods and an annual sales volume of $1.6 billion in 2023.
Carolwood Estates represented three of Architectural Digest’s 10 Most Expensive Celebrity Real Estate Transactions of 2023, and three of The Real Deal’s Top 10 Residential Deals in Los Angeles of 2023.
Carolwood’s associates achieved the highest sales of 2023 in Beverly Hills Post Office, Los Feliz (Brad Pitt’s $38.5 million compound), Point Dume, Broad Beach, Holmby Hills, Santa Monica, Brentwood, Toluca Lake, and the Hollywood Hills. The $61 million sale of 2571 Wallingford Drive ranked as the highest sale in the City of Los Angeles in 2023 and was notably sold to Hollywood power couple Jennifer Lopez and Ben Affleck Brett Lawyer of Carolwood solely represented the couple on their purchase.
Carolwood’s associates closed 44 deals priced $10 million and above in 2023 and 30% of our deals priced $11 million and above were done in-house with fellow associates now at our brokerage. Not exclusive to just luxury, we sold over $350 million worth of properties priced $4 million and below in 2023.
Carolwood currently represents an estimated $2 billion in current inventory. This season we brought iconic properties to the market including the $195 million Casa Encantada, the $69.5 million Ocho Manos, the Cockerham Estate by William Hefner, the Taylor House by Richard Neutra, the Carla Residence by Rex Lotery, and a Tudor-style estate featured on a Beatle’s solo album.
Our CEO Drew Fenton currently represents two of Robb Report’s 25 Most Expensive Homes for Sale in the World himself.
Cordell Project , Bird Streets | $15,995,000 | Designed by Osklo.
Our roster is comprised of 150 elite agents representing both residential and commercial in Beverly Hills, Montecito, Newport Beach and Toluca Lake
$1.6B
Carolwood Estates took in an impressive $1.6 Billion in total sales volume in 2023. Our first year in business.
$2B
Carolwood Estates currently represents ~ $2 Billion in luxury inventory including Casa Encantada, the Manor, and Cher's Malibu Villa.
10350 Wyton Dr, Holmby Hills | $39,995,000 |
The Garcia House, Hollywood Hills | $16,000,000 | Represented the Buyer
$10M+ Residential Mar ket
Sotheby's
9051 Briarcrest Ln, Beverly Hills P.O. | $22,500,000 | Represented the Seller
Significant Sales
#1
Our agents represented the highest sales in the City of Los Angeles , BHPO, Holmby Hills, Brentwood, Santa Monica, Point Dume, Broad Beach, Los Feliz, the Valley, and the Hollywood Hills in 2023.
30% of our agents’ deals priced $11M+ in 2023 were conducted with fellow associates at Carolwood Estates
Our agents closed 44 deals priced $10 Million and above by the year’s end.
9051 Briarcrest Ln, Beverly Hills P.O. | $22,500,000 | Represented the Seller
O ur Highest Sales of 2023
Highest Sale in the History of Point Dume
OFF-MARKET MALIBU ESTATE
$75,000,000* Represented the Seller
Highest Sale in the History of the Eastside
BRIARCLIFF MANOR, LOS FELIZ
$38,500,000 Represented the Buyer + Seller
Highest Sale on Broad Beach in 2023
OFF-MARKET MALIBU ESTATE
$35,000,000 Represented the Seller
55 BEVERLY PARK WAY, BHPO
$34,400,000 Represented the Buyer + Seller
Highest Sale in Brentwood in 2023
OFF-MARKET BRENTWOOD ESTATE
$30,500,000 Represented the Buyer
Highest Sale in the Valley in 2023
THE HOPE ESTATE, TOLUCA LAKE
$26,000,000 Represented the Buyer + Seller
8365 SUNSET VIEW DR, SUNSET STRIP
$25,500,000 Represented the Seller
Highest Sale in Santa Monica in 2023
2121 LA MESA DR, SANTA MONICA
$22,500,000
Represented the Buyer + Seller
Highest Sale in the City of Los Angeles in 2023
2571 WALLINGFORD DR, BHPO
$60,850,000 Represented the Buyer
1201 TOWER GROVE DR, BHPO
$38,000,000
Represented the Buyer + Seller
Highest Sale in Holmby Hills in 2023
10350 WYTON DR, HOLMBY HILLS
$34,550,000
Represented the Seller
1492 STONE CANYON RD, BEL AIR
$33,950,000 Represented the Seller
OFF-MARKET HOLMBY HILLS ESTATE
$29,500,000 Represented the Buyer + Seller
638 SIENA WAY, BEL AIR
$26,000,000 Represented the Seller
OFF-MARKET BEVERLY HILLS ESTATE
$22,797,000 Represented the Seller
Highest Price Per Sqft in BHPO in 2023**
9051 BRIARCREST LN, BHPO
$20,000,000
Represented the Seller
O ur Highest Sales of 2023 CONT
521 SPOLETO DR, PACIFIC PALISADES
$18,000,000
Represented the Seller
24818 MALIBU RD, MALIBU
$17,500,000
Represented the Seller
831 STONE CANYON RD, BEL AIR
$16,750,000 Represented the Seller
938 N ALPINE DR, BEVERLY HILLS
$17,995,000
Represented the Seller
13158 BOCA DE CANON, BRENTWOOD
$17,325,000
Represented the Seller
9152 JANICE PL, BHPO
$14,970,000
Represented the Seller
15 RIM RIDGE, PELICAN HILL
$14,500,000
Represented the Seller
151 N BRISTOL AVE, BRENTWOOD
$13,550,000
Represented the Buyer + Seller
OFF-MARKET PALISADES ESTATE
$13,800,000
Represented the Buyer
12838 EVANSTON ST, BRENTWOOD
$13,250,000
Represented the Seller
Highest Sale in the Hollywood Hills in 2023
THE GARCIA HOUSE, HOLLYWOOD HILLS
$12,500,000 Represented the Buyer
5811 MURPHY WAY, MALIBU
$12,495,000*
Represented the Seller
THE CENTURY PENTHOUSE 36A
$12,500,000
Represented the Buyer + Seller
1071 LAUREL WAY, BEVERLY HILLS
$12,026,000
Represented the Seller
1656 Casale Rd, Pacific Palisades
15976 ALCIMA AVE, PACIFIC PALISADES
$12,000,000 Represented the Seller
$12,000,000* Represented the Seller O ur Highest Sales of 2023 CONT
1374 LAUREL WAY, BEVERLY HILLS
2357 KIMRIDGE RD, BHPO
$11,700,000 Represented the Buyer
1332 W PAVIA PL, PACIFIC PALISADES
$11,328,250 Represented the Buyer
1196 SUMMIT DR, BEVERLY HILLS
$11,100,000 Represented the Buyer + Seller
1656 CASALE RD, PACIFIC PALISADES
$10,995,000* Represented the Seller
321 N SALTAIR AVE, BRENTWOOD
$10,900,000* Represented the Buyer
13705 ROMANY DR, PACIFIC PALISADES
$10,300,000 Represented the Seller
930 KNOLLWOOD DR, MONTECITO
$11,500,000 Represented the Buyer
201 S BRISTOL AVE, BRENTWOOD
$11,250,000 Represented the Buyer
SIERRA TOWERS PENTHOUSE
$11,000,000 Represented the Buyer
31885 CIRCLE DR, LAGUNA BEACH
$10,995,000* Represented the Seller
25225 MALIBU RD, MALIBU
$10,500,000 Represented the Seller
OFF-MARKET BEVERLY HILLS ESTATE
$10,000,000* Represented the Seller
Featured listings from our available inventory, currently valued at over $2 Billion.
The Manor, Holmby Hills | $155,000,000
702 N Sierra Dr, Beverly Hills | $19,995,000
133 S Mapleton Dr, Holmby Hills | $65,000,000
25242 Prado del Grandioso, Calabasas | $16,750,000
Beverly Ridge Ter, Beverly Hills | $29,995,000
543 Perugia Way, Bel Air | $15,850,000
3160 Coldwater Canyon Ave, Studio City | $24,995,000
626 N Foothill Rd , Beverly Hills | $15,750,000
Featured listings priced $8 Million and below from our current luxury inventory.
20990 Las Flores Mesa Dr, Malibu | $7,809,000
Hightree Rd , Santa Monica | $5,995,000
Encino Dr, Pasadena | $3,749,000
26th Ave, Venice | $4,295,000
1023 Maybrook Dr, Beverly Hills | $4,995,000
La Tour #402 , Wilshire Corridor | $2,750,000
4386 Modoc Rd, Las Palmas Viejas | $1,695,000
The Californian #1704 , Wilshire Corridor | $5,495,000
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
Robert Welper Operations Manager
Yvonne Agnew Compliance Manager
Andy Ledwedge Creative Director
Judith Parker Senior Marketing Manager
Rich Carrillo Digital Media Manager
Glorioso T. Fajardo Senior Designer
Abbey D. Magpantay Senior Designer
Jacob Fajardo Junior Designer
Robert Hernandez Concierge
Lauren Macarro Concierge
