As Southland home prices continue to trend upward this summer, so has L.A.'s luxury sector, which saw four sales of $10 million or more in the last two weeks of July. Of the high-water transactions was the sale of a romance novelist's longtime estate and a flashy purchase by a music exec. Here's a deeper dive into the most expensive homes sold from July 17 through July 30. $21 million - Beverly Hills In the 600 block of North Beverly Drive, the longtime home of late author Jackie Collins sold for $9 million less than the original asking price of $30 million. Built for Collins in 1991, the sprawling mansion of 22,000 square feet was designed for small- and large-scale entertaining. A dramatic two-story entry opens on either side to grand formal areas, a library and a chef's kitchen with three islands. A 100-foot corridor lined with gallery walls connects the main house to a guest apartment plus a gym and a screening room. In all, there are eight bedrooms, 10 full bathrooms and five powder rooms. Collins, who died last year at age 77, bought the property in the late 1980s for $3 million, records show. The buyer was real estate investor Ben Nehmadi, who also purchased a neighboring home owned by Collins' estate. The contiguous property, leased by actor Al Pacino for the last decade, sold for $9 million in a deal completed off-market. Brett Lawyer and Susan Smith of Hilton & Hyland, an affiliate of Christie's International Real Estate, had the listing. Richard Maslan, also of Hilton & Hyland, represented Nehmadi. $17.99 million - Beverly Crest Music mogul L.A. Reid bought a modern mansion on the Westside for about $2 million less than the most recent list price: $19.995 million. Straddling the border of Beverly Crest and Bel-Air, the 11,200-square-foot home sits atop a 1-acre hillside and has an infinity-edge swimming pool. Views from the property extend from the city lights to the ocean. The multistory home, completed last year, features such amenities as an el...
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