What $400 Million Buys, and What $3 to 5 Million Buys

Every so often it's worth looking at the very top of the market, not because most of us are transacting there, but because it puts everything else in perspective. A compound at 11201 Chalon Road in Bel-Air is on the market for roughly $400 million: about 70,000 square feet across the main house and guesthouse, close to 40 bedrooms, roughly 8 acres with views stretching from downtown LA to the ocean, multiple pools, a spa, a gym, a salon, a theater, a hammam and resort-style wellness areas, and even safe rooms with a medical-grade X-ray room.

That same $400 million buys a meaningful slice of the central San Fernando Valley many times over, where $3 to 5 million is closer to the ceiling for a large single-family home. Context is useful. It's easy to lose track of what a dollar actually buys once headlines start throwing around nine figures.

An Update on Ethel Avenue

Off Market in Sherman Oaks

On the Market

Not all properties listed here are Compass or Basson Team listings. This is a roundup of what's active across the Valley right now.

• 4634 Ethel Avenue, 91423 · Sherman Oaks · $4,875,000 · 6 bd, 8 ba, 5,605 sq ft
• 14234 Greenleaf Street, 91423 · Sherman Oaks · $5,300,000 · 5 bd, 7 ba, 5,485 sq ft
• 11621 Hesby Street, 91601 · Valley Village · $4,695,000 · 6 bd, 8 ba, 5,480 sq ft
• 4245 Bellaire Avenue, 91604 · Studio City · $3,899,500 · 5 bd, 6 ba, 3,700 sq ft
• 4430 Estrondo Drive, 91436 · Encino · $3,995,000 · 5 bd, 6 ba, 4,642 sq ft
• 14000 Otsego Street, 91423 · Sherman Oaks · $3,395,000 · 5 bd, 6 ba, 3,636 sq ft
• 4417 Gentry Avenue, 91607 · Valley Village · $2,899,000 · 4 bd, 4 ba, 3,400 sq ft
• 4227 Bellaire Avenue, 91604 · Studio City · $2,679,000 · 3 bd, 3 ba, 1,742 sq ft

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