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Neutra's Sten-Frenke in Santa Monica Finally Sells

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It looks like the market for architectural pedigreed homes is, well, if not thriving, at least there are hints that prices are finally right. First there was news Schindler's Van Dekker House is weighing several offers. Now comes another rumor -- Neutra's Sten-Frenke Residence in Santa Monica, first put on the market for $8 million back in 2005, then chopped in February of this year to a $6 million asking price, has finally sold. Public records don't yet reflect the sale, but word has it that the house has been sold to serial collector and vintage clothing store owner Mark Haddawy. Haddawy, who owns Resurrection Vintage, bought architect John Lautner's Harpel House in 2006, and sold Pierre Koenig's Case Study 21 House at auction for nearly $3.2 million the same year. Broker Barry Sloane confirms the house has sold but due to a confidentiality agreement couldn't say more. He did, however, tell us: "I can tell you it went to a very respectful new owner who will take great care of it." Maybe the recent demand for homes with architectural provenance means Schindler's How House in Silver Lake will finally sell?
· New To Market (Again): Neutra's Sten-Frenke Residence in Santa Monica [Curbed LA]

Case Study House #21

9038 Wonderland Park Ave., Los Angeles, CA