Last month the most expensive home sold in La Canada Flintridge was 607 Foxwood Road. The sellers purchased this home in 2005 for $7,370,000 and sold it for $6,250,000. This La Canada estate was previously listed in April 2019 for $11,000,000. It was reduced several times finally to $9,750,000 and did not sell after 975 days on the market – nearly three years.
It was relisted at $8,995,000 and then reduced and sold via auction.
MLS remarks read for 607 Foxwood Road, La Canada Flintridge: AUCTION BIDDING OPEN: Bidding ends October 18th. It was previously listed at $8,995,000. The current high bid is $5,700,000. No Reserve. Showings Daily 1-4 pm & by Appointment. Build your legacy from 607 Foxwood Road, one of San Gabriel Valley’s most iconic and historic estates. Spanning two APNs and 1.18 acres, the picturesque views framed by the home’s countless windows are rivaled only by the architecture itself.
Designed by L.G. Scherer and Cyril Bennett in 1929 in a unique blend of Spanish Colonial Revival and Art Deco styles, the original construction is a testament to the incredible quality of a bygone era. The home has been meticulously expanded and upgraded for every modern comfort while only amplifying its original charm. Stunning landscaping creates an atmosphere ideal for outdoor entertaining in flexible venues like the lanai or by the gorgeous pool. Admire the koi pond, several fountains, and jaw-dropping San Gabriel views that await. Indoors, soaring ceilings and stretches of custom tile are accented by onyx and designer fixtures for a stunning impact at every turn. This estate is a must-see opportunity from the modern home theatre to the gym with a sauna.
It’s so unusual to see a loss on properties that have been owned for so long. I guess the luxury market dances to a different beat