$41 Million Record-Breaking Home Sells In Santa Monica

SANTA MONICA, CA – A new record for most expensive home sale in Santa Monica has been broken by a $41.08 million off-market deal. The home, located on Woodacres Road, is the most expensive transaction in the history of the county, according to the Observer. The house last sold as a vacant lot five years ago for a measly $8.6 million, according to public records.

There aren't many details, but back in 2013, architecture firm Backen, Gillam and Kroeger submitted plans for a new development on the acre-sized property, according to Mansion Global. There is now a 10,000-square-foot two-story house with a finished basement, which was completed in 2015, the Los Angeles Times reports. The permits show a swimming pool, patios, lawns and trees adorn the exterior of the home.

The Los Angeles Times reported that real estate sources identified the seller as a trust connected to Steven Levitan, co-creator of "Modern Family," and the buyer is an entity with a tax address linked to Kevin L. Washington, son of Montana-based billionaire industrialist Dennis Washington.

Image via Mark Moz/Flickr