Spencer Rascoff scoops up another Brentwood Park home

Zestimate for property was well below former Zillow CEO’s purchase price

Los Angeles /
Nov.November 13, 2020 02:27 PM
Spencer Rascoff and the home (Credit; John Lamparski/Getty Images)

Spencer Rascoff and the home (Credit; John Lamparski/Getty Images)

Former Zillow CEO Spencer Rascoff has snagged another Brentwood Park property.

Rascoff paid $5.7 million — a million dollars above the Zestimate — for the 1950s-era home a block away from his mansion, according to Variety.

The 3,200-square-foot home sits on a quarter of an acre, with three bedrooms and 3.5 bathrooms. There have been some upgrades, but overall it does not appear there was a recent renovation. The trellis-covered back patio opens to a manicured backyard with trees and plants in every corner surrounding the swimming pool.

Rascoff listed his nearby mansion earlier this year for $24 million. He paid $19.7 million for the 12,700-square-foot home in 2016. The home has six bedrooms and nine bathrooms.

After stepping down as CEO of Zillow last year, Rascoff has been busy with his dot.LA project. The news and events company will cover the growing tech scene in the Los Angeles area.

Earlier this year, news surfaced that Rascoff was co-chairing a special purpose acquisition company, also known as a blank check company. SPACs acquire other companies to bring them public and are seen as a cheaper way for companies to go public. They’ve seen a resurgence in popularity in the real estate realm over the last few years. [Variety] ­— Dennis Lynch 


Related Articles

arrow_forward_ios
Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over
Spencer Rascoff explains Zillow’s house-flipping strategy

Spencer Rascoff explains Zillow’s house-flipping strategy

Spencer Rascoff explains Zillow’s house-flipping strategy
Spencer Rascoff of Pacaso (Getty; Unsplash)

Spencer Rascoff wants to democratize second homes

Spencer Rascoff wants to democratize second homes
Spencer Rascoff (Credit: John Lamparski/Getty Images)

Zillow co-founder Spencer Rascoff leaves board

Zillow co-founder Spencer Rascoff leaves board
Zillow’s Spencer Rascoff lists LA home for $7M over Zestimate

Zillow’s Spencer Rascoff lists LA home for $7M over Zestimate

Zillow’s Spencer Rascoff lists LA home for $7M over Zestimate
Wall Street really likes Zillow’s new CEO

Wall Street really likes Zillow’s new CEO

Wall Street really likes Zillow’s new CEO
Zillow revenues are up, but losses are widening as it pivots to home-flipping

Zillow revenues are up, but losses are widening as it pivots to home-flipping

Zillow revenues are up, but losses are widening as it pivots to home-flipping
Why did Zillow’s stock fall 15% in a day?

Why did Zillow’s stock fall 15% in a day?

Why did Zillow’s stock fall 15% in a day?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...