WESTSIDE ESTATE AGENCY

Beverly Hills · Malibu · Miami

Real Estate Exec Snaps Up Second Los Angeles Property To Build Mega-Mansion

Looking to build a compound, Kurt Rappaport has paid $11.75 million for a Brentwood lot neighboring a parcel he bought last year for $16.25 million

Real estate executive Kurt Rappaport, who has recently seen success selling massive mansions to the ultra-wealthy, has snapped up a nearly 1-acre parcel in the Brentwood area of Los Angeles for $11.75 million, a purchase that will help him build his latest project.

Mr. Rappaport said he will be combining the parcel with a nearly 2-acre neighboring estate purchased last year for $16.25 million—a property once owned by Viacom Chief Executive Frank Biondi, Jr. The combined purchases for the two properties result in one of the highest prices ever paid for a potential home site in Brentwood, he said.

Mr. Rappaport said he is planning to take an existing home on the larger property—a French manor-style home designed by California architect Wallace Neff—down to the studs and rebuild and expand it to about 13,000 square feet. He said the compound, designed as a “modern interpretation of an old Hollywood home,” will include five structures, including two guest houses, a separate screening room and a spa building.

The seller of the $11.75 million property was former Madison Square Garden Chief Executive David O’Connor.

Last year Mr. Rappaport, founder of real-estate brokerage the Westside Estate Agency, traded his Malibu mansion to Canadian billionaire Daryl Katz for $85 million, and also sold his Hollywood Hills home for $26.5 million to Sean Rad, a founder of the dating app Tinder.

Click here to read the full article on the wsj.com.




Let's Connect ...

OOPS.
There was an error sending your message. Please try again later or call us.
THANK YOU.
We've received your inquiry. Someone will contact you soon!

Beverly Hills

210 North Canon Drive
Beverly Hills, CA 90210
(310) 247-7770

Malibu

23410 Civic Center Way
Malibu, CA 90265
(310) 456-1171

Miami

2980 Macfarlane Road
Miami, FL 33133
(305) 447-1471