Producer looks to make $4M return on Beverly Hills pad

Los Angeles /
Aug.August 12, 2016 01:00 PM

“Black Swan” producer Mike Medavoy slashed a cool $1 million off his Beverly Hills listing, which now goes for just under $12 million.

The 8,829-square-foot house has been on the market for nearly two years. Its initial price tag was $15 million, Variety reported.

Described as a “Hamptons Traditional,” the main abode sits on 1.9 acres of manicured grounds. With six bedrooms and eight bathrooms, it features a media room, breakfast nook, library with fireplace and family room with a wet bar. The master bedroom suite has its own fireplace and a private balcony, but the real gem is the bathroom — it has a sunroof, twin vanities, jacuzzi tub and a two-person shower.

Medavoy acquired the home in June 2013 for $8.2 million.

Outside, the property offers flagstone terraces, a swimming pool with spa, a grilling station and views of the canyon.

Medavoy, who has worked on thrillers like “Shutter Island” and “Zodiac,” has bought and sold several properties in L.A. with wife Irena. In 2010, for instance, the pair flipped a $6 million Mulholland Estates bungalow and sold it to Charlie Sheen for $7 million. [Variety]Cathaleen Chen


Related Articles

arrow_forward_ios
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
LeBron and the six bedroom house (Getty, Redfin)
LeBron sells Brentwood mansion for $1M less than he paid
LeBron sells Brentwood mansion for $1M less than he paid
Kanye West and 24844 Malibu Road (Getty, Compass/Facebook)
Album drop then price chop: Kanye pays $57M for Malibu beach house
Album drop then price chop: Kanye pays $57M for Malibu beach house
Luciana Barroso and Matt Damon with the seven bedroom house (The Agency Real Estate, Getty)
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
Mossimo Giannulli and Lori Loughlin with The Madison Club where their house is located (The Madison Club, Getty)
Lori Loughlin and Mossimo Giannulli buy $13M La Quinta home after jail stints
Lori Loughlin and Mossimo Giannulli buy $13M La Quinta home after jail stints
Nicolas Berggruen and the Hearst Estate (Hilton & Hyland, Getty)
Sold: Billionaire pays $63M at auction for Hearst estate
Sold: Billionaire pays $63M at auction for Hearst estate
Carl Reiner with the neighboring properties (Getty, Google Maps)
Carl Reiner’s neighboring Beverly Hills Flats homes sell for $16.8M
Carl Reiner’s neighboring Beverly Hills Flats homes sell for $16.8M
Griffon Capital’s Ron Kramer buys Beverly Hills estate in off-market deal
Griffon Capital’s Ron Kramer buys Beverly Hills estate in off-market deal
Griffon Capital’s Ron Kramer buys Beverly Hills estate in off-market deal
arrow_forward_ios

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

Loading...