Let’s Make a Deal for Monty Hall’s Longtime Beverly Hills Home

ABC Photo Archives/ABC via Getty Images; realtor.com

It will soon be up to someone else to find out what’s behind Door No. 1, as the children of the late Monty Hall, the beloved host of the game show “Let’s Make a Deal,” have just put their parents’ longtime Beverly Hills, CA, home on the market for $6.4 million.

“The Halls lived there happily since 1961,” says listing agent Wayne Saks of Rodeo Realty Fine Estates. Emmy-winning producer Marilyn Hall died in June, at the age of 90, and almost four months later, Monty died. He was 96.

The couple lived more than 55 years in the Mediterranean-style home built in the 1920s. Although they made some updates, including adding his-and-her bathrooms and closets to the master suite, the original floor plan and many architectural elements remain.

Those vintage elements include wood flooring, a step-down living room, colorful tile, wood beams, plaster walls, and arched doorways.

The Beverly Hills home of the late Monty Hall

Rodeo Realty

Many original architectural features remain.

Rodeo Realty

The 4,000-square-foot main residence has four bedrooms and five bathrooms. There’s also guest quarters, including a bathroom.

Living room

Rodeo Realty

The lot is just under 10,000 square feet and includes a sparkling pool. The home’s located on one of the best streets in the Beverly Hills flats, just a few minutes from the high-end boutiques and restaurants of Rodeo Drive.

Pool

Rodeo Realty

“Monty and Marilyn were an incredible couple,” says Saks. “They were very well-respected, yet they lived an understated life.”

The couple raised over a billion dollars for charitable causes, and hosted dignitaries and fellow celebrities at fundraisers and other events, many of them held in this very home.

Monty wasn’t just the face of “Let’s Make a Deal”—he was also co-creator of the long-running game show. He began his media career in radio in his native Winnipeg in the early ’40s and began hosting “Let’s Make a Deal” in 1963. His company, Stefan Hatos-Monty Hall Productions, is still involved with the show.

The post Let’s Make a Deal for Monty Hall’s Longtime Beverly Hills Home appeared first on Real Estate News & Insights | realtor.com®.

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Residential real estate firms on The List sold multimillion-dollar homes in 2017 (slideshow)

In 2017, the average price of a single-family detached home was $235,206, according to the Greater Albuquerque Association of REALTORS. But some of the residential real estate firms on this year's List, went above and beyond that with the homes they sold. The most expensive home sold by a firm on The List was sold for $5.16 million. Sotheby's International Realty Santa Fe sold a home in Tesuque, just north of Santa Fe and sitting adjacent to the Santa Fe National Forest. View the accompanying slideshow…

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Miley Cyrus Reportedly Parting From Her Hidden Hills Horse Ranch

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Pop star Miley Cyrus is apparently singing goodbye to her Hidden Hills, CA, horse ranch, Variety reports. The “still-not-completed, off-market deal” will leave the former Disney star with one less piece of real estate in Southern California.

Purchased in 2015 for $5 million, the equestrian property and vineyard offers “privacy and serenity” on 5.5 acres, and bills itself as one of the largest parcels in the area.

The home itself is a chart topper. Built in 1954, the 5,100-square-foot structure offers a loft-style great room, wide-plank wood floors, a beamed ceiling, and several seating areas. There’s also a formal dining area, brick fireplace, wet bar, and 1,000-bottle wine cellar. The kitchen includes a center island and breakfast bar.

Walls of french doors open from the living area to a covered veranda overlooking the grounds, pool, spa, built-in barbecue, outdoor fireplace, and landscaping of mature trees.

Hidden Hills, CA

realtor.com

Along with the ranch-style house, the grounds offer riding paddocks, a 10-stall barn, chicken coop, vegetable and citrus garden, and a vineyard of cabernet sauvignon and merlot grape vines, according to the listing.

But perhaps tending to chickens, gardening, and riding horses in a gated community was not how Cyrus wanted to spend her time. Variety described the property as “little used,” which may have prompted the not-yet-completed deal. On the face of it, the initial purchase seemed to make sense for the superstar. It’s an area teeming with celebrity residents, from Drake to Kim Kardashian West.

As we reported at the time, the listing was picked up by the Woodbridge Group as a tear-down investment a few years ago. The developers planned to build a megamansion in its place. But a week later, before work could begin on that plan, Cyrus bought the property through her Sunshine Girl Trust.

The triple-platinum-album performer has logged eight Billboard 100 songs, including “Party in the U.S.A.” and “Wrecking Ball.” The pop star recently purchased a home in her native Tennessee. But this doesn’t mean she’s making a permanent move. The star also owns two abodes in Los Angeles.

Obviously she can’t live in all of them simultaneously, but why not get into the real estate game? The successful recording artist and actress has been on the scene since her teenaged role in “Hannah Montana.” She is said to have amassed a fortune of $200 million, and in 2014 was named by Forbes as the seventh highest-paid woman in music, raking in $36 million that year.

The post Miley Cyrus Reportedly Parting From Her Hidden Hills Horse Ranch appeared first on Real Estate News & Insights | realtor.com®.

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More Americans Are Living With People Who Are Not Their Family

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Blanche Devereaux was ahead of her time.

A growing number of adults are living with other adults with whom they are not romantically involved, according to a new analysis of U.S. Census data by the Pew Research Center. “This arrangement, known as ‘doubling up’ or shared living, gained notice in the wake of the Great Recession, and nearly a decade later, the prevalence of shared living has continued to grow,” Pew said.

While the rise in shared living during and immediately after the Great Recession was attributed in large part to a growing number of millennials moving back in with their parents, Pew said, the longer-term increase has been partially driven by a different phenomenon: Parents moving in with their adult children, plus friends and roommates helping with the mortgage or the rent.

Last year, nearly 79 million adults or 32% of the adult population lived in a shared household. That’s defined as a household with at least one extra adult who is not the household head, the spouse or unmarried partner of the head, or an 18- to 24-year-old student. In 1995, the earliest year with comparable data, 55 million adults (29%) lived in a shared household, Pew said.

These households are different from multigenerational households, although they may overlap. For the first time in more than 130 years, American adults aged 18 to 34 were more likely to be living in their parents’ home than living with a spouse or partner in their own household, a separate 2016 Pew report found. Dating back to 1880, the most common living partner was a romantic one.

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Dallas Cowboys owner Jerry Jones inducted into another Hall of Fame, NTCAR style

Dallas Cowboys owner Jerry Jones Sr. — as well as leaders with CBRE and KDC — will be inducted into the North Texas Commercial Association of Realtors and Real Estate Professionals for his trailblazing efforts in both sports and real estate. Jones, founder and CEO of Frisco-based Blue Star Land, will be inducted by the industry group into its 2018 NTCAR Commercial Real Estate Hall of Fame, along with KDC President Tobin Grove. Last year, Jones joined a small group of National Football League…

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Last chance to recognize Austin's best Realtors, homebuilders & master-planned communities

Time is almost up to recognize the Austin area's top-selling Realtors, as well as the top homebuilders and master-planned communities. Nominations close Friday, Feb. 2 in Austin Business Journal's 2018 Residential Real Estate Awards. • Go here to nominate Realtors. • Go here to nominate homebuilders and master-planned communities. Winners will be unveiled at a March 1 luncheon at the JW Marriott Austin. The most-productive Realtors of the past year will be honored, as well as the top homebuilders…

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Data: Albuquerque saw improvements in housing market for 2017

Albuquerque's housing market saw bright spots of improvement last year compared to 2016. According to Greater Albuquerque Association of REALTORS data, the metro area saw improvement in homes sold and in home pricing compared to 2016. Single-family detached home sales rose 6.9 percent to 11,477 units, with the median sale price also rising 3.8 percent to $196,900. And condo and townhome sales rose 11.1 percent from 2016 with the median sale price sitting at $142,000 compared to $140,000 in 2016.…

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