|Images courtesy Coldwell Banker Previews|
International hip-hop star, Akon, has decided to bail out of his newest acquisition after barely living 11 months in his Woodland Hills home located "south of the blvd." The always informative Lauren Beale at LA Times Hot Property first revealed on July 9, 2014 that this home was listed off-market for $3.5 million or $4 million including furniture and recording studio equipment. At the time of writing this post, the home was not listed on the MLS and might be a pocket listing. The listing description states:
Float on into Heaven, a private, secure, gated and recently reimagined modernist dream home. You have arrived. The day is done. Seamless indoor-outdoor living has begun. Twilight. Wade into the beach entry heated pool or ease your body and mind in the swirling whirling spa as flames from the three firepits light up the night sky and the cascading fountain flows. Grab a beverage from the indoor-outdoor bar and head on up to the upper patio. Dinner, freshly grilled and prepared in the outdoor kitchen, awaits. Surrender. Unwind. Sleep. Dream. Morning, awake. Sun beams through floor to soaring ceiling window walls and sliding doors. Breakfast, brilliantly prepared in the commercial grade gourmet kitchen, is served and savored on the poolside patio. Lifted. Inspired. Enlivened. Alive. Music, the muse, beckons. The sound. The soul. The studio. This is Heaven. Welcome home.
I first blogged about this property back on April 23, 2014 via a TMZ reporting providing extensive pictures, home details, comparison of the original home to the renovations, as well as a breakdown of Akon's other known properties primarily in the Georgia area that can be viewed here. I highly recommend visiting that page to see the comparison pictures.
Akon purchased this property on September 12, 2013 for $1,950,000 and completely renovated the interior with "white-out" making every wall, cabinet, door, floor, etc the color white. The home also displays a pure futuristic modern look that makes it stand out amongst the neighboring homes that exhibit the typical ranch style from the 40's, 50's, and 60's.
I am not sure how much money Akon spent on renovations but that could explain the exorbitant listing price as he tries to recoup the money spent on renovations. For example, if Akon had spent $500,000 on renovations, he would still profit around $1 million before commission and taxes. This is purely speculation so dont quote me. But to put this price into perspective, the second highest price home in the area which is larger by one extra bedroom and 1,000 sqft is asking $2 million which has been on the market for close to a year. I realize this home is extremely unique so its harder to compare but this purchase will also need a very unique buyer and most likely an extremely wealthy one.
As excited as we were to first learn about Akon living in the West SFV, we are also quickly saddened to learn that Akon is moving on. We wish Akon all the best in trying to sell this home which might be a record.
You can view more SFV Celeb R.E. here.