Going Up? Incline Elevators Help Hillside Homeowners
Private incline elevators, which ferry residents from shore to door, are on the rise due to the popularity of waterfront homes and the aging of the luxury homebuying population.
On the summer rental market for $150,000 a month, a luxurious property offers a two-bedroom house on a Malibu beach, plus a main home on Encinal Bluffs, the ridge where model Cindy Crawford and former Disney chairman Michael Eisner own estates.
Still, it is what the property doesn’t have that justifies the top-tier price, says co-listing agent Adara Salim, a senior associate at Berkshire Hathaway Beverly Hills. “There’s absolutely no hike,” she says. Instead of schlepping up from the beach via 120-feet worth of stairs, this…
By Katy McLaughlin
Aug. 10, 2017 10:11 a.m. ET
As Featured in the Wall Street Journal.
Images From The Projects Featured In The Article
