LA Times: Jeffrey Katzenberg’s $125M home sale was L.A.’s priciest in August
A media mogul, a pop superstar and a television competition judge were among the biggest movers and shakers making waves in Los Angeles’ high-end real estate market in August. Here’s a closer look at the most expensive homes sold last month in L.A. County.
$125 million — Beverly Hills
Quibi founder Jeffrey Katzenberg sold his estate on Loma Vista Drive to a limited liability company in a deal completed off market.
Katzenberg purchased the six-acre estate in 2009 for $30 million and had a 26,000-square-foot home built on the site. Completed in 2012, the U-shaped house is approached by a tree-lined driveway that ends at a large motor court. Layers of gardens, lawn and mature trees unfold around the property, which overlooks the historic Greystone Mansion.
The $125-million deal is the third-priciest single-family home sale in California history, trailing Jeff Bezos’ $165-million purchase of David Geffen’s Beverly Hills estate and Lachlan Murdoch’s $150-million purchase of Bel-Air’s “Beverly Hillbillies” mansion.
Kurt Rappaport of Westside Estate Agency handled both ends of the deal.
$23.6 million — Hollywood Hills
Olympic committee organizer Casey Wasserman, who in June sold his Beverly Hills estate to David Geffen, paid $1.4 million less than the asking price for an ultramodern home on Robin Drive.
Designed by Xten Architecture and completed this year, the 12,000-square-foot showplace is museum-like with its gallery walls and sparsely decorated living spaces. Box-like ceilings inspired by Stanley Kubrick’s “2001: A Space Odyssey” lend a futuristic vibe to the home.
In addition to five bedrooms and seven bathrooms, the house includes a movie theater, a gym and a lounge with a wet bar. The lower-level gym takes in canyon views.
Outside, the half-acre property holds a swimming pool, a spa and a landscaped courtyard. There’s also a subterranean eight-car garage.
Stephen Shapiro of Westside Estate Agency represented Wasserman.
