His greatest trick yet! Now You See Me director puts tiny, two bedroom LA cottage on the market for $5million... And it's already had two offers
- The two-bedroom home was built in 1922 and sits on a 7,000sq ft lot
- Although the home is small, an enormous tree provides added grandeur
- It's likely a developer could snap up the cottage to knock it down and build a more modern house with a good-sized back garden
- The tiny 784-ft cottage which has doubled in price since 2012
He may have audiences under his spell, but Louis Leterrier may need more than mere magic if he's to sell his tiny, Venice, California cottage.
The Now You See Me director is asking for $4,995,000 for his 784-square-foot cottage according to Realtor.com.
Despite the eye-watering listing price, the cozy two-bedroom home, which was built in 1922, has already at least two serious offers.
Louis Leterrier is asking almost $5 million for a rustic 784-square-foot, two-bedroom cottage built in 1922
The double-wide, 7,000-square-foot lot is in one of the hottest neighborhoods in Venice, Californiia
The French director had two offers within a week of the property's going on the market at $4,995,000
'It's magical,' said listing agent Kerry Ann Sullivan of Halton Pardee and Partners telling Page Six that what appears to be drawing interest to the 7,000-square-foot lot in one of the hottest neighborhoods one of Los Angeles' trendiest areas is an enormous tree.
'It's almost as if they were paying $5 million for the tree, and the cottage goes along with it,' she said.
The French director recently directed the spy comedy film The Brothers Grimsby, written by, and starring Sacha Baron Cohen and are looking to move to a bigger property as their family continues to grow.
Either way, by the time they sell this cute cottage, they'll have almost doubled their money in just four years. The couple paid $2.7 million for the home just four years ago.
The quaint cottage has plenty of charm. It is decked out in white wood and unique tiling in the kitchen
The cabin appears to have some of its original features left intact.
The home sits on a rare Venice lot measuring almost 7,000 feet
If developers purchased the property, they'd surely tear down the structures in order to build an oversize home on the site
It's a rare thing to have a big yard in the Venice neighborhood. Could this 'magical' tree be worth $5 million?
Venice's Walk Streets are pedestrian-only enclaves tucked away in the fabric of Venice and are extremely exclusive
It's likely that if the plot is snapped up by a developer, the 94-year-old cottage will be demolished to makeway for a more modern abode.
'$5 million is too high for most developers to be interested,' Sullivan said to Page Six. Those who made offers intend to add onto and refurbish the cottage, rather than start from scratch. 'It's such a rare thing to have a big yard in this neighborhood. That's what people want now.'
There are skylights, French doors, a loft, wood flooring, and a small shed in back that's even being called a 'bonus room.'
A small garden shed in the back yard is being called a 'bonus room'
$5 million is likley too high for most developers to be interested
Everyone who comes to look at the property appears to be overwhelmed by one stately tree
The home is in one of Los Angeles most desirable neighborhoods. The Venice walking streets are pedestrian-only enclaves tucked away in the fabric of Venice that harken back to another era.
They were originally built in the early 1900's as part of Venice founder Abbot Kinney's vision to build a California city modeled after its Italian namesake, and were originally very popular with entertainers and workers at the Venice Pier.
Now they are some of the most expensive real estate locations in the city.
Whatever happens to the home, however, it's highly likely the stately tree will remain.
There are French doors, skylights, wood flooring, a loft, and plenty of windows around the home
The living room is illuminated by a skylight. The high-pitched ceilings provides a sense of spaciousness, while the wood flooring provides warmth
Letterrier and his wife are moving out as his family continues to grow and they need more room
Those who made offers intend to add onto and refurbish the cottage, rather than start from scratch
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