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The Real Deal Los Angeles

Megan Ellison buys Beverly Hills home for over $15 million

Oscar-nominated producer buys home from Oscar-winning cinematographer
December 29, 2016 05:00PM

Megan Ellison’s new driveway. (Credit: The Agency, Getty)

Megan Ellison, thrice Oscar-nominated producer and daughter of Oracle founder Larry Ellison, bought a nearly 1.2-acre property in Beverly Hills for $15.5 million in an off-market deal, Variety reported.

Property records show the seller, Polish-born cinematographer Janusz Kaminski, acquired the property for $2.13 million in 1996. He won Oscars for his work on the films Saving Private Ryan and Schindler’s List.

The lot, on a quiet street behind the Beverly Hills Hotel, boasts a nearly 5,000-square- foot four-bedroom Spanish hacienda-style residence built in the 1920s. Until recently, the property was available as a luxury lease at $40,000 per month, according to Variety.

Over the last decade Ellison has been a prolific film producer, with credits such as Zero Dark Thirty, HerTrue Grit and American Hustle.

She has also been prolific in the real estate market, selling a handful of multi-million dollar homes in Los Angeles, though not always at a profit. In November, she sold her Beverly Hills fixer-upper for $1.25 million less than she originally paid for it in April. In 2013, Ellison sold a group of neighboring properties in the Bird streets above Sunset Strip for $46.75 million — a $14.15 million premium over what she paid. Ellison also owns a compound in the Mount Olympus neighborhood, which she acquired for a total of $35 million. In June, Ellison paid $40 million for 28,000 square feet of contiguous properties on Robertson Boulevard for Annapurna Pictures, the production company she founded in 2011. [Variety] — Gabrielle Paluch