Stan Lee’s Final Home in Hollywood Is for Sale, a Luxury Development in Austin Breaks Ground, and More Real Estate News

Welcome to AD Pro’s biweekly real estate roundup, covering the biggest deals, most important announcements, and notable listings.

This week, Stan Lee’s daughter lists the comic book writer’s final home in the Hollywood Hills, the Novogratzs’ own Manhattan town house is listed for $22.85 million, and a mass timber building breaks ground in Austin. In this roundup, AD PRO has everything you need to know.

Notable Listings

For $22.85 million, the Novogratzs’ own Manhattan town house

As stated in AD, the family wanted to revisit some of the original color schemes in the renovated spaces on a more muted scale.

Photo: Shannon Dupre’ / DD-Reps

When Robert and Cortney Novogratz moved their family into this Greenwich Village town house, it already had quite the reputation for itself. The landmarked building was known as “the pink house” for its distinctive exterior paint job and had been owned by the same eccentric woman for decades: Per the New York Post, the owner Celeste Martin, a former Rockette, would perch in front of her window to wave at Pride Day parade attendees well into her 90s. When she passed away, the Novogratzs picked up the home and put their own spin on it. Now, five years later, the property’s back on the market for $22.85 million.

Shortly following their purchase, the family’s plans for the town house were featured on AD. At the time it was in a state of disrepair, but the design couple had a clear vision for its future inspired by the bold colors of its past. “I would say of all the houses we’ve done, it probably has the best bones,” Robert told AD in 2019. “The bones at the other places we’ve done didn’t have anywhere near the potential to bring back.” That vision is now material. No longer pink, the 7,000-square-foot building is a contemporary butter yellow hue on the outside. Inside, the formerly compressed spaces are now airy—and color punctuates the rooms rather than completely dominating them. There are five bedrooms and seven bathrooms, plus a number of distinct living spaces. A backyard and a rooftop lounge combine for a truly enviable amount of outdoor space by Manhattan standards.

Christopher Riccio and Elana Zinoman of Douglas Elliman hold the listing.