Carolwood Estates Reports Record $5 Billion in 2025 Sales

Luxury real estate firm handled 71% of LA's $50M+ transactions, including two $110M deals.

Mar. 16, 2026 at 6:00pm

Carolwood Estates, a leading luxury real estate firm in Los Angeles, has released its 2025 Annual Report highlighting its record-breaking performance. The firm was involved in five of the seven highest residential sales in LA last year, totaling $5 billion in sales volume - a 156% increase year-over-year. Carolwood represented the buyers and sellers in two $110 million deals, the highest sales in LA County and among the top 10 nationally.

Why it matters

Carolwood's dominance in the ultra-high-end LA real estate market underscores the continued strength of the luxury housing segment, even as broader economic conditions have been mixed. The firm's ability to handle a large share of the most valuable transactions demonstrates its expertise and reputation among the city's wealthiest homebuyers and sellers.

The details

Carolwood was involved in five of the seven highest brokered residential sales in Los Angeles in 2025, handling 71% of all brokered transactions with a sales price above $50 million. The firm represented both the buyer and seller in a $110 million deal for the former Spelling Manor in Holmby Hills, as well as the buyer in a $110 million sale of the reimagined 630 Nimes Road property in Bel Air. Carolwood also led sales in other high-end LA neighborhoods like Beverly Hills, Bel Air, Holmby Hills, Pacific Palisades, and Brentwood.

  • In 2025, Carolwood closed over $5 billion in sales volume, a 156% increase year-over-year.
  • Since its inception in November 2022, Carolwood has closed over $10 billion in sales.

The players

Carolwood Estates

A leading luxury real estate firm in Los Angeles that specializes in high-end residential transactions.

Drew Fenton

CEO and Co-Founder of Carolwood Estates, who represented the seller in the $110 million Spelling Manor deal and the buyer in the $110 million 630 Nimes Road transaction.

Linda May

Carolwood agent who represented the buyer in the $110 million Spelling Manor deal.

Jonathan Nash

Carolwood agent who represented the seller in the $110 million 630 Nimes Road transaction.

Stephen Resnick

Carolwood agent who represented the seller in the $110 million 630 Nimes Road transaction.

David Parnes

Carolwood agent who represented the seller in the $110 million 630 Nimes Road transaction.

James Harris

Carolwood agent who represented the seller in the $110 million 630 Nimes Road transaction.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, Grocery employee (Instagram)

What’s next

Carolwood plans to continue expanding its global reach through its new exclusive partnership with Knight Frank, the leading independent global property consultancy.

The takeaway

Carolwood's record-breaking performance in 2025 underscores the continued strength of the luxury real estate market in Los Angeles, with the firm's expertise and high-profile transactions cementing its position as a dominant player in the city's most exclusive neighborhoods.