Brandon and Brenda Walsh may have moved out long ago, but you still can't beat a Beverly Hills 90210 address. With this in mind, ETCO Homes principal Bob Etebar tells us that construction is nearly complete on the company's latest luxury condo development in the gilded ZIP Code: the 35-unit 460 Palm. Units will be delivered in late Spring, with some units already under contract. The project (460 N Palm Dr) is the sister building to ETCO's 432 Oakhurst condo project, where Justin Bieber famously rented a penthouse and whose rowdy parties were the subject of much tabloid fodder. (The hell-raising renter recently moved out.) Bob says the economy was starting to get some legs under it when 432 Oakhurst went to sales in late 2013, and the project sold out in just one year.
While 460 Palm has larger floorplans (up to 3,643 SF), Bob expects the buyer profile to be similar, including significant interest among international buyers. Over the past 11 years of building and selling projects in Beverly Hills, he says the company has had buyers from the Middle East to Russia, and from the Far East to Canada, Australia and New Zealand. Typically, they're looking for a second home, have children attending college in SoCal, or are simply spurred by a flight to quality and the desire to have a "solid investment in one of the best ZIP Codes." Coming up for ETCO are projects in Marina del Rey, where the company is building 67-loft style condos on Glencoe Avenue; DTLA's Little Tokyo (66 units in a mid-rise building on Astronaut Onizuka Street); and Pacific Palisades, where the company recently purchased property to build 53 luxury condos with ocean views.
460 Palm boasts luxe touches such as master-bath soaking tubs, oversized verandas and disappearing glass pocket doors, allowing for views and indoor-outdoor living. Prices range from $1.9M to $3.6M. A few units will offer direct elevator access.
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