C. Frederick Wehba sells Beverly Hills estate for almost $12M

BentlyForbes co-founder back in mansion-selling game

TRD LOS ANGELES /
Feb.February 16, 2016 04:00 PM

C. Frederick Wehba, co-founder of international real estate investment firm BentleyForbes, just sold a palatial estate in Beverly Hills for $11.7 million, The Real Deal has learned.

Wehba — notorious for building and selling an elaborate 36,000-square-foot mansion with golden walls on Sunset Boulevard — sold the compatively-less-extravagant French Mediterranean-style property at 1700 Green Acres Drive to a wealthy foreign individual in a sale that closed escrow today, sources said.

The 9,200-square-foot gated estate has 25-foot ceilings, a dramatically curved staircase, a library, a powder room, five bedrooms and seven bathrooms. There’s a private driveway and a service entrance. The resort-like grounds include a backyard patio, private pool and spa, and a side yard with fruit trees.

Myra Nourmand and Joanna Suhl of Beverly Hills’ Nourmand & Associates represented Wehba in the sale. Sen Wang of Rega Realty Services represented the buyer.

Webha is known for aiming high with his listing prices, and this property was no exception. He listed it in October 2015 for $12.5 million, but accepted the $800,000 cut months later.

This price chop was nothing compared to Webha’s gold-lined Sunset palace, which he listed for $68.5 million in 2010 and sold for $34.5 million in 2012.


Related Articles

arrow_forward_ios
Kathryn Bigelow and the home (Credit: Trisha Leeper/FilmMagic/Getty Images, and Coldwell Banker)

The Hurt Valuation: Kathryn Bigelow slashes price on Beverly Hills home

From left: Jeff Bezos, the Beverly House and Lachlan Murdoch (Credit: Getty Images, Beverly House Estate, iStock)

Hearst estate owner hopes for $125M parachute amid megamansion frenzy

North Office at 301 Canon Drive and Jamie Duran

Coldwell Banker closes an office in Beverly Hills, and throws a big party

Lauren Sanchez and Jeff Bezos with the property at 1441 Angelo Drive (Credit: Getty Images and Redfin)

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week

Amazon CEO Jeff Bezos with the home (Credit: Pintrest and Getty Images)

Jeff Bezos buys David Geffen’s Beverly Hills estate for record $165M

John Mirisch

Meet Sacramento’s worst nightmare: Beverly Hills mayor John Mirisch

A judge will let Hearst estate be used as cash collateral (Credit: iStock)

Start your timer: Leonard Ross has 4 months to sell Hearst mansion

William Randolph Hearst by his former home (Credit: Getty Images and Zillow)

Hearst estate owner pleads with court to let him sell mansion

arrow_forward_ios
Loading...