Welcome back to the Real Estate newsletter. As the Olympics wrap up and world records are top of mind, the Southern California real estate market saw a few broken records of its own.
The first record fell in Los Angeles, where a two-bedroom condo traded hands for $13 million. At a mere 2,681 square feet, that comes out to a stunning $4,848 per square foot, by far the priciest sale per square foot in L.A. history. While the unit itself is relatively small, it comes with a laundry list of amenities and a private terrace overlooking the Sunset Strip.
The second went down in Pebble Beach, where an oceanfront estate overlooking the famed golf course sold for $32.69 million, the highest price in Monterey County history. It strips the crown from another home in the same neighborhood that went for $31.25 million in 2014.
All the record breaking made for some ambitious listings, like this lavish mansion in Irvine that popped up for sale at $50 million. It’s…