A penthouse unit at Sierra Towers in West Hollywood has broken the price per square foot (PSF) record for a condo sale. The deal, which closed on Tuesday, marked the highest price per square foot ever recorded for a Los Angeles-area condo. [1] This transaction eclipsed the previous record set by another condo that sold for $34 million in June.
In contrast, the New York Post reported on July 15th that an unfinished penthouse unit at Aman Beverly Hills is expected to sell for $200 million, potentially breaking the current PSF record. [2] However, this deal remains speculative as the buyer has not yet moved into the property due to construction delays.
Both outlets highlight the significant price tags associated with these high-end real estate transactions, underscoring the growing demand and value in Los Angeles's luxury market. [1][2]