etco Homes sales and marketing partner Mauricio Umansky is founder and CEO of The Agency. Ranked among the Top Ten agents in the country for eight consecutive years according to The Wall Street Journal REALTrends annual list, Mauricio led The Agency to become an industry-disrupting, billion-dollar brokerage with 40 offices worldwide. He is well-known for representing some of the most notable properties in the world — and for being husband to fan favorite on The Real Housewives of Beverly Hills, Kyle Richards. Most recently, Mauricio, along with Santiago Arana, now represents two of One Coast’s oceanfront homes: Townhome 702 and Townhome 801. Read on for Mauricio’s insight on what to know about coastal home trends, Los Angeles real estate and more.
What are the latest real estate trends in Los Angeles? Any predictions for 2022?
The Los Angeles real estate market shows no signs of slowing down with continued record-high demand and low inventory. From a global perspective, Los Angeles continues to remain a top global destination for luxury coastal living, and in 2022, the return of international buyers will continue to boost this effect.
What are today’s buyers prioritizing?
People continue to have a desire for considering the lifestyle offered living in a home in areas like Pacific Palisades in comparison to dense cities. With the work-from-home and hybrid work culture remaining, buyers have the option of working from anywhere while having access to beautiful estates, top schools, while being close to the city when necessary. The value of LA compared to NYC cannot be overstated.
What kinds of lifestyle-related real estate needs are driving buyers in Los Angeles?
Since COVID, the home continues to be the center of the universe. As a result, buyers continue to seek the opportunity to enhance their living experience in every way. LA homebuyers continue to want bigger spaces, home offices, gyms, and swimming pools. Los Angeles offers a lifestyle that is unparalleled to cities across the country. It offers a year-round warm climate, large homes with ample amenities and outdoor space, and access to the best entertainment, educational institutions, and other lifestyle offerings.
What is so special and rare about One Coast’s location?
One Coast provides a once-in-a-lifetime opportunity to live in one of Southern California’s most picturesque coastal enclaves and to enjoy the best of beach living.
What sets coastal real estate apart from other offerings?
Coastal real estate affords a calm and peaceful environment from the bustle of daily life. With the increasing ability to work remotely, the opportunity to live near the coast and avoid commuting to a major city five days a week is more appealing than ever.
What makes One Coast such a compelling offering for primary homebuyers? What trends are you seeing for second-home buyers seeking real estate in Los Angeles?
One Coast is unique in that it is elevated on the bluffs of Pacific Palisades with an array of oceanfront residences. The ability to enjoy indoor and outdoor living with a range of personalized amenities provides a rare opportunity for elevated coastal living.
What’s your favorite aspect about One Coast?
One Coast presents a unique opportunity to enjoy the quintessential Southern California lifestyle within a private community in the heart of one of the most sought-after enclaves of the city.
What is your best piece of real estate advice for someone seeking coastal living in California?
The purchase of land and property by the coast is a valuable investment that can increase in value over time. Coastal properties are uniquely limited and for any buyer looking to purchase a coastal property in California, I recommend seeking out a trusted real estate professional who can provide a history on the property/land, a detailed land survey, and more about the area to be fully educated and to make a sound investment.
What are your favorite restaurants nearby to One Coast?
Pacific Palisades has an incredible dining scene. For a quick healthy bite, you can’t beat Juicy Ladies—and it’s located quite literally steps from One Coast. For dining with an ocean view, I love grabbing a table at Gladstones restaurant, set along the PCH. When I’m craving Japanese food, Moku Sushi never disappoints. And I can’t talk about great dining in The Palisades without mentioning Palisades Village—from Erewhon Market’s famed hot bar to sit-down restaurants like The Draycott and Porta Via, you can’t go wrong.
Tell us about your exclusive listings at One Coast?
Santiago Arana and I are proud to represent Townhome 702 and Townhome 801 at One Coast. Both have the amazing finishes and amenities offered at One Coast with an amazing private roof deck to take full advantage of ocean views. These townhomes truly feel and live like single-family residences with the benefit of the white-glove service of the community.