Author: TheArcadian
June 30, 2008
Two new homes have joined the $2MM+ club. On Friday I profiled a mansion that seemed like a decent deal due to its community and location.
Worth your $2MM in the Highlands
2209 Canyon Rd
Listing Price: $1,999,000
5,586sf
Mountain Location
Let’s see if the following homes deserve the same praise. The following is located a bit south of the 2209 Canyon Rd. property and also part of The Highlands community. It is 1,422sf smaller but 0.27 acres larger.
300 Whispering Pines Dr.
Arcadia, CA 91006
Price: $2,988,800 ($718 per sq. ft.)
- Beds: 5
- Baths: 4.5
- Sq. Ft.: 4,164
- Lot Size: 0.71 Acres
It may have a bigger lot but a large portion of it is unusable; as seen below.
Would you pay $718 per sq. ft., or a $1MM premium over over the last Friday’s property? Perhaps the sellers believe their price is justified by the view:
VIEW! VIEW! VIEW! 270 DEGREE SENSATIONAL PANORAMIC VIEW OF CITY LIGHTS.
If you think that’s a wishful asking price, then the following seller is a big dream. So big, in fact, that $2-3MM is chump change compared to this home on Norman:
239 W. Norman Ave.
Arcadia, CA 91007
Price: $5,500,000 ($579 per sq. ft.)
- Beds: 5
- Baths: 7.5
- Sq. Ft.: 9,491
- Lot Size: 0.47 Acres
Absolutely one of the finest estates in Arcadia.
9,491sf home on half an acre?? Does Arcadia not have municipal ordinances and codes to prevent property owners from overbuilding on their land? Take a look below if you want to know what I’m talking about.
The photos only show a pool in the backyard because that’s all there is… And it doesn’t stop there. If you cannot expect privacy in Arcadia for $1MM or $2MM, what about $5MM+?
Is that a neighbor peeking at you from their second floor window?
I wonder if the $5.5 m WTF asking is a total tear down or half ass renovation in 2007? The guy bought it in 2004 for $990k.
50% off on this one is still too expensive. Let it sit and rot big time.
This is one way to flush all the lower class people out, meaning all you people who are waiting on the sideline for housing prices in Arcadia to come down. I personally do not want housing prices to come down. Yes, I do home a home in Arcadia. How else would we be able to compete with our neighboring cities (San Marino) if we allow lower class people to be able to afford housing even if it is a condo unit. Secondly, we should get rid of all those apartments on hunting drive, boy aren’t those an eye sore.
Compete? for what-the most Asians? Sorry most of the “upper class” moved years ago. You’re a left over-you just don’t know it.
People with sizable down payments waiting for price to go down are not lower class. I would rather to have them in the city than flippers.
Things happen for a reason. Most of us can’t afford a $5.5M house now, but if the house drops to only $500K in the near future, will we be able to afford it? I don’t think so.
“Compete? for what-the most Asians? Sorry most of the “upper class” moved years ago. You’re a left over-you just don’t know it.”
I find the above statement hilarious, but true! LOL As a former Arcadia resident, I used to feel quite a bit of prestige by residing there. However, ever since moving in 2005, I see the city differently. In my honest opinion, the city of Arcadia will be “upper class” relative to other Asian cities such as Rosemead or San Gabriel. Of course, I feel that way about San Marino as well. I am Asian so I guess I can comment on the fact that the ever increasing Asian population in Arcadia (as well as the rest of San Gabriel Valley) does not help in the “desirability” department, especially for 2nd generation Asian Americans like myself who are looking for cultural diversity within a community. There should be more to a city than big houses and high-scoring schools.
That’s not a McMansion, that’s A LOT-FILLER like we have all over Da O.C. “Detached Single-Family House” with five-foot side yards/setbacks, back yard a whole TEN FEET DEEP, and more square footage than the lot. Particle-board and styrofoam construction under all the Pergraniteel.