By Lauren Beale
Despite the high finances involved in developing the home, Blumenthal is confident he has the winning combination of panoramic city views, usable outdoor space and lawn and architectural style to warrant the $28.8 million price tag.
“I’ve never come close to losing money on a house,” he said. “I don’t get involved unless it’s a no-brainer.”
Winters, however, is willing to admit that as the budgets have gotten bigger, so has the financial risk.
“It’s a big gamble,” said Winters, who said he continues to learn each time he tackles a house. “You just hope you make less mistakes.”
©2013 Los Angeles Times
Distributed by MCT Information Services
See More Celebrity & Luxury Homes Stories
Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com