$2.7 Million Pasadena Dream House to Be Raffled Off

Published : Saturday, February 16, 2019 | 5:55 AM

The historic three-bedroom Midcentury masterpiece is in Wes Pasadena in the San Rafael hills near the Annandale Golf Club. Photo by Lance Gerber, courtesy Palos Verdes Art Center

Pasadena’s own Kelsey House is the prize in the annual Palos Verdes Dream House Raffle.

The mid-century modern estate, designed in 1962 which last sold for $2.65 million in 2015, was designed by architects Thornton Ladd and John Kelsey, two craftsmen whose work is, perhaps not coincidentally, now a Palos Verdes Arts Center exhibit called “Noble Places.”

Tickets for the 2019 raffle are $150 each or three for $400. If 55,000 tickets are sold by April 26, a grand prize winner can choose the Kelsey House as the 2019 Dream House, a one-time cash payment of $3.5 million, or a 20-year annuity of $5 million payable in installments, according to the PVAC.

Ladd and Kelsey, now both deceased, formed Pasadena-based Ladd and Kersey Architects in 1958 out of Ladd’s Thornton Ladd and Associates, after becoming acquainted as architecture students at University of Southern California.

The firm was operational from 1959 to 1982 a period during which Ladd and Kelsey designed the Norton Simon Museum.

Ladd passed away in 2010, and Kelsey in 2012. Their body of work is now on exhibit at Palos Verdes Art Center, called “Ladd and Kelsey: Noble Places,” up to May 26.

The Palos Verdes Dream House Raffle is the first and oldest house raffle licensed in California. Proceeds help fund Palos Verdes Art Center’s exhibition, education, and outreach programs.

Founded in 1931, Palos Verdes Art Center, also called the Beverly G. Alpay Center for Arts Education, is a nonprofit visual arts school and gallery.

The raffle supports such initiatives as the Center’s “Special Mornings,” which offers special needs students from the Los Angeles Unified School District a chance to explore the world of art through personalized instruction and projects.

The 2,803-square-foot Kelsey House is a classic nine-square Italian villa that sits on a woodsy, two-thirds acre lot above the 7th fairway of the Annandale Country Club, was entered into the California Historical Resources database in 2005 as a Pasadena Historic Landmark.

The three-bedroom, three-and-a-half-bath residence wraps around a pool open to the sky and features floor to ceiling glass, a formal dining room paneled in bleached teak, terrazzo and concrete slab floors, and a guest house with full bath and separate entrance.

The landscaping is choreographed to create “one integrated experience, bringing a modern California sensibility to the entire design.” says a description on the Ladd and Kelsey: Noble Places exhibit website.

The residence is covered under the Mills Act, which offers homeowners significant property tax savings for maintaining a historic property. The house last sold for $2.695 million in March 2015, a report on Redondo Beach-based Daily Breeze said.

For more information about the Palos Verdes Dream House Raffle, visit www.cadreamraffle.com.

More on the Kelsey House here: www.laddandkelsey.org.

 

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