It started, he continues, “as a nice to have, and then for a lot of buyers it became a need to have.”

Elsewhere on the property is a two-car garage and a separate studio building, a 20-foot-wide, 50-foot-long pool, a tennis court, and an “entertaining pavilion” alongside the tennis court that has discreet solar panels embedded on top. “They’re truly invisible,” Mitchell says.

The house has been furnished with a combination of contemporary and midcentury objects.

“I was just saying this to a friend of ours—it’s way harder for me to sell the furniture than the house,” Mitchell says. “There are so many pieces that I’ll never find again.” The furniture isn’t included in the purchase price. However, he says, if someone wanted to buy the home furnished, “we’d sadly part with it” for an additional sum.

Putting It On The Market
“I cringe at the word developer, or God forbid ‘flipper,’ ” Mitchell says. “To develop or flip a house is: How do I get in and out as fast as possible? But what we do is much more personal and sadly, stupidly, more expensive. Because we’re making every decision (for ourselves), and everything ends up custom.”

Still, he acknowledges that for the moment at least, he seems to be buying, renovating, and selling houses full time.

“I spent the first 25 years of my life in the media business,” he says. “If I can spend the next 25 years of my life doing something I love that’s entirely different, it would be a wonderful joy to look back and say, ‘You’ve bookended your life with two different careers that were really fun and rewarding in different ways.’ ”

This article was provided by Bloomberg News.

First « 1 2 3 » Next