Kyle Richards of “The Real Housewives of Beverly Hills” and her husband, luxury real estate agent Mauricio Umansky, have bought a getaway in La Quinta for $2.35 million.
Entered through glass-and-iron gates, the custom home looks out at the mountains and a fairway of a Pete Dye-designed golf course.
An over-the-top whole-house stereo system includes 10 televisions, 28 speakers and six control pads, according to listing details.
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Among rooms in the 5,843 square feet of living space are a den/office, a gym, living and family rooms, six bedrooms and seven bathrooms.
Electric pocket doors open to a patio with an overhang and a built-in barbecue. A guest casita, a swimming pool with a waterfall and a spa complete the quarter-acre grounds.
All those upgrades didn’t come cheap. The onetime foreclosure, built in 2008, previously sold in 2011 for $1.3 million.
Richards, 45, has been on the “Real Housewives” reality show since 2010. During that time, the actress has been in a couple of TV movies and on the soap opera “Days of Our Lives.”
Umansky also has been on “Housewives.”
An “average Joe” buyer putting $822,500 (35%) down and financing $1,527,500 would have monthly payments of about $7,400 at a 4.15% fixed rate for 30 years, according to Foothill Ranch-based independent lender loanDepot. Kyle and Umansky put more down, financing $1.35 million.
The couple owns another home in Bel-Air.
Janine Stevens of Windermere Real Estate was the listing agent. Umanksy of The Agency represented Richards and himself, pocketing a 2.5% commission/discount ($58,750) in the process.
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As a real estate enthusiast with an in-depth knowledge of the luxury property market, I can provide valuable insights into the recent acquisition by Kyle Richards of "The Real Housewives of Beverly Hills" and her husband, Mauricio Umansky. My expertise in real estate trends and transactions allows me to analyze the details mentioned in the article and offer a comprehensive understanding.
Firstly, the property in question, purchased for $2.35 million, is located in La Quinta and features a custom home accessed through glass-and-iron gates. The house boasts stunning views of the mountains and a fairway of a Pete Dye-designed golf course. This location choice aligns with the preferences of affluent buyers seeking both exclusivity and recreational amenities.
The property's standout feature is an extravagant whole-house stereo system, inclusive of 10 televisions, 28 speakers, and six control pads. Such high-end audiovisual installations are common in luxury homes, enhancing the overall living experience. The article emphasizes the opulence of the residence, highlighting a den/office, gym, living and family rooms, six bedrooms, and seven bathrooms within its 5,843 square feet of living space.
Furthermore, the mention of electric pocket doors opening to a patio with an overhang and a built-in barbecue emphasizes the property's focus on outdoor entertainment and lifestyle. A guest casita, a swimming pool with a waterfall, and a spa complete the quarter-acre grounds, showcasing a commitment to providing a lavish and resort-like environment.
The property's history adds an interesting dimension, having been a onetime foreclosure in 2008 and sold in 2011 for $1.3 million. The significant appreciation in value highlights the desirable features and enhancements made by the current owners, Richards and Umansky.
In terms of financing, the article provides details on a hypothetical mortgage scenario, mentioning an "average Joe" buyer. However, it's noted that Kyle and Umansky put more down, financing $1.35 million. This decision reflects their financial capability and possibly strategic investment planning in the real estate market.
Lastly, the involvement of real estate professionals in the transaction is notable. Janine Stevens of Windermere Real Estate served as the listing agent, while Umansky of The Agency represented Richards and himself, earning a 2.5% commission/discount ($58,750) in the process. This insight into the real estate brokerage side adds a layer of understanding about the individuals facilitating the deal.
In conclusion, the acquisition of this La Quinta property by Kyle Richards and Mauricio Umansky is a testament to their discerning taste in luxury real estate and their ability to make strategic and lucrative property investments in the competitive Los Angeles real estate market.
