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Former MGM COO sells Beverly Hills manor for $16M

Chris McGurk paid under $4M for the huge property in 1996
Chris McGurk and his Beverly Hills mansion at 807 North Crescent Drive

Chris McGurk and his Beverly Hills mansion at 807 North Crescent Drive

Hollywood bigwig Chris McGurk has sold his Beverly Hills mansion for $16 million.

The former COO of MGM and current CEO of digital content distribution company Cinedigm, McGurt has owned the estate for 20 years — he bought it for just under $3.8 million in 1996, Variety reported. Talk about a good investment.

Brett Oppenheim of the Oppenheim Group was the listing agent in the off-market sale.

Located around the corner from the Beverly Hills Hotel, the double-gated manor sits on nearly three-quarters of an acre. The 10,600-square-foot house has six bedrooms and seven bathrooms. It features a double-height foyer with a curved staircase, an outdoor dining terrace and a tennis court.

The property will be majorly renovated in an 18-month overhaul by Los Angeles architect Richard Landry and designer Thomas Pheasant, according to Oppenheim. [Variety]Cathaleen Chen