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$75M estate

By   /   Sunday, July 19th, 2009  /   Comments Off on $75M estate

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It’s been a bad year for California homeowners. Many have seen their property values plummet, and the luxury market is no longer insulated.

The real estate market in and around Los Angeles has taken a hit, but one Ventura County luxury homeowner is adapting his strategy to fit the downturn.

Instead of reducing the $75 million listing price for his 125-acre equestrian estate in Simi Valley, billionaire owner David Saperstein changed his game plan.

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