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If you’ve ever watched Bravo’s real estate docu-series “Flipping Out,” then you’re familiar with America’s most neurotic flipper — Jeff Lewis. Although flipping — buying a home, fixing it up a bit and reselling for a profit — has slowed down a great deal, Lewis’ show gives us a front-row seat to the stresses and anxiety that surround the business of flipping a home.

One of Lewis’ flip projects at 5731 Valley Oak Dr, Los Angeles, CA, is back on the market after making its first for-sale appearance in April 2008. Lewis purchased the home in March 2007 for $1,710,000, fixed it up, then listed it on the market in 2008 for $3,195,000. And, as you can see by Zillow’s price history chart below, the home’s for-sale price bounced around a bit, but has now settled squarely on $2,495,000:

Lewis’ Valley Oak home is a good representation of his style: an open floor plan, clean lines, tasteful decor and high-quality materials. This 3,024 sq ft home is in a gated cul de sac and has four bedrooms, three bathrooms and a chef’s kitchen with Viking range, custom cabinetry, built-in Miele coffee maker, Bosch dishwasher, SubZero refrigerator and wine fridge and oversized pantry.

It also features two master suites (yes, there is a trend for two master bedrooms), and the two additional bedrooms have Ann Sacks tile and custom cabinetry. See photos of the Valley Oak property, courtesy Hooked on Houses.

Flipping Out airs Tuesdays at 9 p.m. Tune in!

> See more Hollywood Hills homes for sale

> See Hollywood Hills home values

  • http://www.improta.com Jason Improta

    Fun show to watch. Valley Oak is a nice house. Actually, Jeff and his crew do a great job with all of their houses. He has a good style.

  • Bobby Light

    This house could of looked a whole lot better!!

  • http://www.iphonelibre.es/ liberar iphone

    Only $ 1,710,000 …buuuu…. is no money for me.

  • http://www.livingonthehudson.com/ Walter Burns

    Jeff is making crazy money now with his design business. I’m sure he’s moving up to a larger house that Zoila can clean for him.

  • http://www.austinownerfinancedhomes.com Chris in Austin

    There’s a lot of money in real estate if you have the capital to get something going. Jeff is doing a great job at “flipping” these homes and it really takes a lot of industry knowledge to know what you can and can’t make a return on.

  • http://www.zillow.com Spencer Rascoff

    I loooove this show.
    Will be very interesting to see what happens with the listing.

  • Giacomo

    OUCH! Zestimate: $1,639,500, less than he paid for it, no apparent return on the upgrade costs.

    He might be a wonderful designer, but he also might be in the same kind of denial as so many others who bought during the RE bubble. Not sure the celebrity connection is worth $700K in this case, but good luck to him.

  • Michele

    Of course….everyone knows how often his pets have piddled all over the house. Neat freak he may be…but it’s GROSS! Some one will buy at that inflated price b/c of his celebrity status: “I live at Valley Oak…come watch all the old Flipping Out eps at our housewarming”

  • Meg

    I love “Flipping Out”. It’s one of my favorite shows and being in the real estate business makes it even more entertaining to watch. He may have his quirks but he is smart and extemely talented.
    I’d love to have him do a consult on my house!

  • Admiral Apprasil

    I hope the other dude Ryan buys it in foreclosure and levels it

  • Rob Dyrdek

    It definetly is nice that he does quality work, However he could of made that place look a lot better he only painted the exterior instead of changing the railing’s etc, I bet some of the better looking Houses in the neighborhood have some really good looking desperate housewifes in them!!! =) Looking for a cougar if thats you post a blog in reply to mine=) thanks

  • Chandra

    I remember an episode where Jeff was talking about selling Valley Oak and mentioned that even if he sold Valley Oak for what he paid, between the upgrades and Reno costs as well as factoring in that he’s lived there for a few years “for free” basically, he no longer expected to make the amount from the sale of that home that he did when he first purchased it. He’s a very savvy businessman so I’m assuming he’s covered all of his bases.

    BTW Admiral, appraisal is spelled the way I just typed it. =)

  • Pingback: ‘Flipping Out’ Designer Jeff Lewis Lists Los Feliz Home | Serious About Real Estate

  • Pingback: ‘Flipping Out’ Designer Jeff Lewis Lists Los Feliz Home « Rob Smith | Real Estate for the Real World

  • Pingback: Jeff Lewis (Bravo's “Flipping Out” Guy) Selling Valley Oak | Zillow Blog | Real Estate Investing

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