The Real Deal New York

Zillow CEO paid more than the Zestimate for his LA home

Spencer Rascoff paid almost $20M for an estate that his company’s algorithm valued at $18.4M
By Hannah Miet | July 12, 2016 04:40PM

Spencer Raskoff and the Brentwood house (via the Agency)

Spencer Raskoff and the Brentwood house (via the Agency)

From the Real Deal Los Angeles: Seattle-based Zillow CEO Spencer Rascoff was the buyer of one of the most expensive homes sold in Los Angeles in the first half of 2016, The Real Deal has learned. It was much pricier, in fact, than his company’s home valuing algorithm Zestimates predicted it would be.

In late April, Raskoff purchased a six-bedroom, nine-bathroom estate in Brentwood for almost $20 million. Zillow’s value for the 12,732-square-foot property was significantly less: $18.4 million.

The traditional home was renovated by Ken Ungar. The property is gated and tucked behind hedges. It includes a theater with stadium seating, fitness studios, a wine cellar, a two-bedroom guest house and a large rolling lawn. [more]