{"id":215287,"date":"2021-04-06T19:45:44","date_gmt":"2021-04-06T23:45:44","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=215287"},"modified":"2021-04-29T11:29:52","modified_gmt":"2021-04-29T15:29:52","slug":"beverly-hills-new-build-150-year-old-olive-tree-65-million","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/beverly-hills-new-build-150-year-old-olive-tree-65-million","title":{"rendered":"Beverly Hills new-build featuring 150-year-old olive tree asks $65 million"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4><p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-olive-tree.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215289\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-olive-tree.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s difficult to pinpoint the most opulent feature of 1108 Wallace Ridge, a soon-to-be-listed architectural masterpiece in Beverly Hills\u2019 Trousdale Estates community.\u00a0<\/span><\/p>\n<p>Is it the 20-foot ledge stone water wall fed by an exterior moat? The painting by contemporary artist George Condo worth an estimated $2.5 million? If you ask us, it\u2019s the 150-year-old olive tree imported from Tuscany that required a 110-ton crane and a 15-person crew to reach its final destination in the home\u2019s open-air, central courtyard.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-great-room-2.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215301\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-great-room-2.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>Named \u2018Elementi,\u2019 the 18,000-square-foot estate was envisioned by Michael Chen of the design-development firm <a href=\"https:\/\/www.luxfordgroup.com\/\" class=\"external\" target=\"_blank\">Luxford Group<\/a> in collaboration with <a href=\"https:\/\/www.saota.com\/\" class=\"external\" target=\"_blank\">SAOTA Architects<\/a>. Asking $65 million or the bitcoin equivalent, this new construction residence offers six bedrooms and a spectacular master retreat featuring dual ensuite bathrooms and a custom closet that rivals any Rodeo Drive boutique.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-entry.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215288\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-entry.jpg\" alt=\"\" width=\"1024\" height=\"683\" \/><\/a><em>Photo: <a href=\"https:\/\/www.joebryant.co\/portfolio\" class=\"external\" target=\"_blank\">Joe Bryant<\/a><\/em><\/p>\n<p>The entrance creates an unforgettable first impression with a marble walkway that floats over a water feature. Stepping through the oversized, pivoting front door reveals panoramic views that stretch from Downtown Los Angeles to the Pacific Ocean. The design concept was inspired by the section of the Pacific Coast Highway that passes through Big Sur, celebrated for its iconic bridges and mountainside tunnels.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-staircase.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215290\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-staircase.jpg\" alt=\"\" width=\"1024\" height=\"729\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>Once inside, you\u2019ll discover a double-height atrium commanded by the gnarled olive tree, which first took root in the 1870s. The space boasts enormous slabs of Italian marble, a trickling waterfall, and sliding glass panels that can disappear into the adjacent wall. Another statement-making feature is the custom spiral staircase covered in Italian Venetian plaster with lightly-veined marble steps.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-great-room.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215291\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-great-room.jpg\" alt=\"\" width=\"1024\" height=\"755\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-outdoor-fire-pit.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215292\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-outdoor-fire-pit.jpg\" alt=\"\" width=\"1024\" height=\"706\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>A linear gas fireplace with a black marble surround serves as the focal point of the great room, which was furnished with modular pieces by Minotti. The space opens onto a sprawling terrace with a lounge area that\u2019s warmed up by a 17-foot-long fireplace.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-kitchen.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215293\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-kitchen.jpg\" alt=\"\" width=\"1024\" height=\"758\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>In true luxury fashion, 1108 Wallace Ridge touts two kitchens \u2014 a show kitchen equipped with Gaggenau appliances and a 14-foot-long island and a completely separate butler kitchen featuring commercial-grade Viking appliances and industrial-style finishes.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-dining-room.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215294\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-dining-room.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>There are dining areas for every occasion, from an intimate round table in the kitchen with a lazy Susan to a custom-made, 16-foot-long table in the formal dining room that can seat up to 14 guests. Luxury home staging company\u00a0<a href=\"http:\/\/vestahome.com\/\" class=\"external\" target=\"_blank\">Vesta<\/a> provided\u00a0both curated and custom-made furniture pieces to elevate the design.<\/p>\n<p>The master quarter, so-called due to its immense size, is situated off the great room and includes a 400-square-foot terrace with a private jacuzzi, integrated ceiling heaters and cityscape views.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-master-bath.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-215295\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-master-bath.jpg\" alt=\"\" width=\"1024\" height=\"798\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-stone-bathtub.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215296\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-stone-bathtub.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>There are dual ensuites\u00a0\u2014 both clad in copious amounts of marble \u2014 one sporting a walk-in shower illuminated by a skylight and the other appointed with an Italian-made bathtub that weighs over a ton. Each water closet has a smart toilet with an integrated bidet system, heated seating, Bluetooth connectivity, and self-cleaning, self-flushing features.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-marble-bar.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215297\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-marble-bar.jpg\" alt=\"\" width=\"1024\" height=\"767\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-pool.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215298\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-pool.jpg\" alt=\"\" width=\"1024\" height=\"686\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><span style=\"font-weight: 400;\">The home\u2019s lower level is a permitted daylight basement, the only of its kind in the Trousdale Estates. This party-ready space includes a book-matched marble bar with LED lighting, a full-size theatre with a 210-foot-wide screen, an entertainment room with four televisions that can play simultaneously or independently, and an infinity-edge pool with a 25-meter swimming lane.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-theatre.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-215299\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-theatre.jpg\" alt=\"\" width=\"1024\" height=\"811\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p>There are several features to support mental and physical well-being, including a sauna and steam room, a massage room that doubles as a meditation space, and a state-of-the-art gym tricked out with \u201cKinesis\u201d by TechnoGym training equipment and Peleton exercise bikes. Other highlights include a wine cellar with storage for over 2,000 bottles, a tucked-away home office with access to an outdoor seating area, and private entrances to service quarters.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-wine-cellar.jpg\" rel=\"lightbox[215287]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-215300\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/04\/wallace-wine-cellar.jpg\" alt=\"\" width=\"1024\" height=\"803\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.douglasfriedman.net\/\" class=\"external\" target=\"_blank\">Douglas Friedman<\/a><\/em><\/p>\n<p><a href=\"https:\/\/aaronkirman.com\/\" class=\"external\" target=\"_blank\">Aaron Kirman<\/a> of Aaron Kirman Group at Compass holds the listing for Elementi, along with Michael Chen, who also serves as the President of the Asia-Pacific International Division of Aaron Kirman Group. Although the listing is not yet live, the home will be offered at $65 million or the bitcoin equivalent.<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The olive tree was imported from Tuscany and required a 110-ton crane and a 15-person crew to reach its final destination in the home\u2019s open-air, central courtyard.<\/p>\n","protected":false},"author":12,"featured_media":215289,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2021-04-06T23:46:07Z","apple_news_api_id":"2c3a16c6-565c-4e09-9055-0077cdcebf01","apple_news_api_modified_at":"2021-04-29T15:30:04Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAg==","apple_news_api_share_url":"https:\/\/apple.news\/ALDoWxlZcTgmQVQB3zc6_AQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8647],"apple_news_notices":[],"yoast_head":"<!-- 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