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Bassist and Red Hot Chili Peppers founding member Michael Balzary, better known as Flea, has sliced the price of his incredible La Crescenta, CA, estate.
The compound, which features multiple dwellings and a succulent garden, initially hit the market in February 2022 for $9,799,000. A few months later, the price was lowered to $8,800,000—then dropped to $7,997,000 the following year.
And Flea’s latest discount brings the ask down to $6,997,000.
The home last changed hands in 2018 for $4,250,000, according to Realtor.com®.
The original structure has a brightly painted red door.
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California compound
It’s hard to understand why this one-of-a-kind property hasn’t been snatched up yet.
It has a combined five bedrooms and five bathrooms spread among the 5.7-acre property’s various dwellings, perched high on a hilltop.
The address is also bursting with history. Famed architect Richard Neutra built the property’s original structure in 1953 for his secretary, Dorothy Serulnic.
Standout features in this 1,350-square-foot, two-bedroom, one-bath space include a glass wall and Bear Valley stone fireplace in the living room and warm-wood cabinets in the kitchen.
Meanwhile, the house also boasts a long list of built-ins designed by Neutra, including a sofa system, dining room table, and breakfast nook.
Inside, there’s a spacious layout with a glass-walled living room.
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There are also many built-ins, designed by Neutra himself.
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The kitchen has warm-wood cabinets and stainless steel appliances.
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The bedroom comes with great outdoor views.
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This bathroom has a sleek vanity and frosted-glass shower.
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Futuristic flair
According to the listing, another noted architect, Michael Maltzan, was brought on board almost 50 years later to build the primary residence. This seven-sided house is a work of art with an interior court and private balconies.
The living room has glass walls and light-wood floors, while the catering-style kitchen features light gray cabinets and a separate dining nook.
Each bedroom is remarkable, but the primary suite is particularly unique with its concrete-clad bedroom. And the futuristic en suite bathroom is artfully appointed with an oversized penny-tile tub and circular windows.
Additionally, there’s a den, built-in storage, a curved staircase, an outdoor movie pavilion, and a 50-foot-long lap pool designed by Johnston Vidal.
In 2021, an 875-square-foot extension was added to the space.
This seven-sided gem is brimming with character.
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It has an interior court, perfect for entertaining (just watch your step).
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One of the home’s most impressive rooms is the primary bath, which has an oversized penny-tile tub.
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One bedroom has a concrete floor and a glass wall.
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The backyard includes a 50-foot pool and a patio.
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Cute cabin
Lastly is the cabin, dreamed up by Mariah O’Brien Interiors and Mind Tree Arts.
The cute cottage features a slanted roof and enough room for two beds—one can go in the main room and the other in the lofted area. It also has an adorable bathroom with an outdoor shower.
This cute cabin rounds out the property.
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It has a main room plus a loft area.
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Less than 30 minutes by car from downtown Los Angeles, this swoon-worthy estate offers the ideal combination of convenience and privacy. Spend your mornings hiking the nearby mountains and your evenings dining in the city’s famous restaurants.
Flea, 61, co-founded the Red Hot Chili Peppers in 1982. The band has released 13 albums and won six Grammy Awards. In 2001, he co-founded a nonprofit, Silverlake Conservatory of Music, and released a memoir in 2019.
The post Pretty Little Property: Flea Slashes the Price of His SoCal Compound to $6.9M appeared first on Real Estate News & Insights | realtor.com®.
