Hot Property: Ex-NFL linebacker Mike Croel sells Sunset Strip-area home

 

Former NFL and XFL linebacker Mike Croel has sold his Sunset Strip-area home for $1,912,000.

The renovated contemporary has four bedrooms and 5 1/2 bathrooms in 5,380 square feet of living space. The walled compound includes a guesthouse and a lagoon pool.

Ernie Carswell of Teles Properties, Beverly Hills, co-listed the with Sarah Blanchard of the same office. Deedee Howard of Prudential California Realty, Beverly Hills, represented the buyer.

In the 90046 ZIP Code, 31 single-family homes sold in the first quarter at a median price of $942,000, according to MDA DataQuick. That was an 8.1% price drop from the first quarter of 2008. In April, 22 homes in that ZIP sold for a median price of $553 per square foot.

Public records show Croel purchased the home in 2003 for $875,000.

--Lauren Beale

Thoughts? Comments?

Photo: The gated two-story house has four fireplaces, high ceilings, a domed skylight and exposed wood. It had been listed at $1,999,000 in early March. Credit: Lee Manning

Comments

[Jake]

What a beautiful home! The wood is just amazing! I bet he really enjoyed that lagoon pool too! Thanks for posting these gorgeous properties!

Jake

[LA-renter]

Hi Lauren,

Here's a colorful housing story in today's LAT:

http://latimesblogs.latimes.com/lanow/2009/05/homeless-driven-from-squatters-camp-along-san-gabriel-river-.html

There just something special about this home:

"Dafoe doubted that whatever steps Caltrans took to seal the Cave would be enough to keep people out. In time, he said he would find another way in.

“I don’t say we’re gonna go in right away, but it’s gonna happen sooner or later,” he said."

Now THAT is hot property! According the report, the vault (aka the Cave) comes fully furnished too, with a crawlspace for the wee ones.)

[Danny]

Gotta assume there was SIGNIFICANT renovation on that property since 2003. Like a complete teardown and 3 new structures in its place. You couldn't get 5000 sq ft. of living space for $800k in 2003.

I actually think 1.9 sounds pretty reasonable for that much house. Of course, prices are still falling and next year 1.5 will seem reasonable for the same.