Dirt: L.A. Gallerist Maggie Kayne Lists Artful PacPal Comp
Art world mover and shaker Maggie Kayne, a partner at the influential contemporary L.A. gallery Kayne Griffin Corcoran, and one of three fortunately born daughters of L.A.-based private equity billionaire Ric Kayne, had her “laidback 1950s Los Angeles home” photographed and fawned over in the pages of Architectural Digest about six years ago.
She was described in the article, written by shelter writer Mayer Rus, as “a fixture among a particular set of Hollywood’s elite” even though, she said, she’s “really a homebody.” She also said she moved to the house, which is in Brentwood and had previously been owned by late music and film executive Gil Freisen, because her longtime former house, “a modest Beverly Hills ranch house,” didn’t comfortably accommodate the display of large artworks and wasn’t large enough for “her requisite professional entertaining.”
About two years later, in late 2017, some six months after she was married in New Zealand with Mary-Kate and Ashley Olsen as bridesmaids — the marriage has since ended, Kayne sold the laidback Brentwood house, for $12.5 million, pushing up on twice the $7.2 million she paid in 2013, and plunked down just over $3.4 million for a strikingly modern Beverly Hills city-view home that had been designed and built in 1948 by architect Greta Grossman as her personal residence.
Alas, the art dealer, whose gallery represents heavy hitters like James Turrell and Mary Corse, quickly changed her mind and, indeed, several months before she’d sold the Grossman house, in late 2018 for exactly $4 million, she laid down almost $9.5 million for an entirely different kind of a house, a vintage Spanish compound in a particularly posh pocket of Pacific Palisades that’s recently come to market at a dollop under $12.7 million.
Carefully maintained to preserve and showcase its authentic 1930s details, and at the same time invisibly integrate modern day luxuries and conveniences, the not-quite-half-acre compound has a total of six bedrooms and five bathrooms across its slightly more than 6,000 square feet that are touted in promo materials as “the commencement of quintessential California living.”
The listing is being handled by Westside Estate Agency’s Richard Ehrlich, which is not too surprising given that he’s married to Ms. Kayne’s fashion boutique-owning lifestyle guru older sister Jenni Kayne.
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