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Location: Los Angeles, Calif.
The Skinny: Fronting directly on the famous Venice Beach boardwalk, this property last sold a decade ago, for $915K. That was before the pair of colorful beach houses were erected on the vacant lot. Now, the mini-compound is back on the market, asking a whopping $10.5M. The two structures share a total of 7,000 square feet, with six bedrooms, eight bathrooms, parking for seven cars, a central courtyard, and a landscaped side yard. The interiors feature some bizarre design choices, like granny-style floral wallpaper in one of the bathrooms and Japanese paper screens in the media room, but nothing that another million dollars couldn't fix. That is, of course, if the buyer decides to keep the existing structures instead of demolishing and starting over on this prime corner lot.
· 2401 Ocean Front Walk [Zillow]