Briefly in contract for a rumored $5,400,000 in 2009 when asking $5,900,000, the nearly 11,000 square foot Mediterranean styled villa at 299 Santa Paula Avenue ended up selling for $4,400,000 in early 2011.
It’s now eighteen months later and the property is back on the market and listed for $5,000,000. While the sellers are hoping to be back in the black on their investment, they’ve redecorated a bit and have been in the red in their dining room.
And down below, there’s now a sound proofed studio off the industrial styled media room for playing music (or any other kind of playing that might make noise):
As the red dining room looked before:
∙ Listing: 299 Santa Paula Avenue (5/6) – $5,000,000 [299santapaulaave.com]
∙ Mi Casa Es…Muy Sweet (And Large): 299 Santa Paula Avenue [SocketSite]
∙ 299 Santa Paula Avenue: Still Muy Sweet But Now Under Cinco [SocketSite]