Saturday, April 27, 2024

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Located less than four hours from Las Vegas and an hour from Death Valley, Trona offers a desert lifestyle with home prices that can’t be beat in California. More recently, Searles Valley, which includes Trona, saw its population fall 15% between 2010 and 2022, according to census data. “It’s gone downhill, but it seems to be coming back a bit,” Epperly, 80, said of the once-bustling town, built on the mining and production of borax, a potent cleaner, flame retardant and component in glass products like car windshields.

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Average days on market for homes in California was 35 days this month, 35 days last month and 39 days last year. Homes in California are selling close to the asking price in the last three months. The home at 2538 Sundown Drive is for sale at $2.3 million, listed by Compass agents Carl Gambino and Ariel Putman, and was recently shared on real estate fan account Zillow Gone Wild. He acknowledges that the desert life is not for everyone. “In Trona, you’re talking about 115-degree summers, but people adjust and they get through,” Berri said. Mining production increased and the town boomed to 6,000 people at its height.

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Originally built in the 1990s as the “biggest home on the block with no expense spared,” per marketing materials, the stone and slate-roof structure has been extensively renovated during the past two years. Featured are six bedrooms and seven bathrooms in nearly 9,000 square feet of two-level living space adorned throughout with French oak floors, stone fireplaces imported from London, and high-end fixtures by Rose Uniacke, and Roman and Williams. French doors also provide seamless indoor/outdoor environs.

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house for sale california

Each town is home to less than 1,000 people and set amid agricultural fields. Blackstone Real Estate Income Trust will offload 19 student-housing properties with more than 10,000 beds to funds managed by KKR, according to a statement Thursday. The deal, which is expected to be completed by the third quarter, includes properties located near 14 public universities. Gambino said the Glassell Park area where the home is located is popular among artists, musicians and actors.

Many people who fit the bill have come to see the house, but it has also attracted a wider range of potential buyers like a chef who would use it entertain, and other business people who are interested in the home as a piece of art. Residents who can endure the stifling heat are rewarded with home median home prices at an astonishing $52,000. In nearby Johannesburg, median home prices are $86,000.

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These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it. Nestled amid rolling hills and world-class wineries, homes in Central California’s affluent Carmel Valley enclave have long drawn Hollywood stars and industry tycoons ranging from Doris Day and Merv Griffin to Apple co-founder and former CEO Mike Markkula. One particular spot, just east of scenic Highway 1, also holds the 392-acre Holman Ranch where the likes of Charlie Chaplin, Theda Bara, Marlon Brando and Clark Gable once went to escape.

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house for sale california

But as the nearby town of Ridgecrest grew and the mining company shrunk, Trona withered. Developers built fewer homes in California in 2023, potentially leading to higher prices and rents as a supply shortage worsens. The two-bed, two-bath home sits on a quarter-acre lot, and Putman boasted the gardens and terraces as a draw for potential buyers. Plus, it has a great view of the city, she said, making it the ultimate LA outdoor space. Designed by LA architect William King and built in 1982, the listing comes with several gathering spaces in and around the home, with charming gardens, a wraparound deck and a garage that could be used as studio space. Residents from nearby towns once came to Trona for shopping and essentials, but now the tables have turned, Epperly said.

This $4.2 Million California Home Was Designed to Blend Into the Desert Landscape - Robb Report

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“When you’re in the city, you’re usually cramped, you’re paying high costs,” he said. Aside from an influx of new residents, Epperly said the town’s revival could use some help. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data. The poverty rate, however, was nearly 20%, far exceeding California’s 12% overall rate.

Multicolored Mural House in Palm Springs Brightens Up the Market for $2.2M - Realtor.com News

Multicolored Mural House in Palm Springs Brightens Up the Market for $2.2M.

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Nearby is the former estate of the late Monkees singer/songwriter Michael Nesmith, which recently sold after a swift 17 days on the market for $3.2 million. Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion. "This is definitely the exact kind of house where you would dream," Gambino said in an interview with USA TODAY. "It's a very special house where people immediately get, you know, emotionally connected when they're there."

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