Home of late syndication mogul Michael King re-listed for $38M

Owners have knocked $4M off the asking price since last year

Feb.February 27, 2017 08:30 AM
San Remo Drive home, Michael and Jena King (MLS/Getty Images)

The Pacific Palisades home of Michael King, the man behind television shows such as “The Oprah Winfrey Show,” “Everybody Loves Raymond” and “Wheel of Fortune” hit the market for $38 million, Variety reported.

King, who died in May 2015, purchased the home with his wife, Jena, for $11 million in 2002, according to property records. The couple quickly tore down an existing home on the property to build the current ivy-covered white mansion, which was designed by architecture firm Ferguson & Shamamian and completed in 2005.

The house first went on the market in May 2016 with an asking price of $42 million but was later taken off the market, according to Variety.

The 15,642-square-foot home on San Remo Drive features seven bedrooms, 13 bathrooms and five fireplaces. It also features a 600-square foot theater, a game room, a children’s playroom and staff quarters with a separate kitchen. The dining room walls are inlaid with mother of pearl.

King and his brother Roger inherited King World Productions in the 1970s from their father Charles, who launched the company in 1964, according to Variety.

CBS acquired King World Productions in 1999 for $2.5 billion in stock.

Elisabeth Halsted of Berkshire Hathaway HomeServices has the listing. [Variety] — Subrina Hudson

Related Articles

Rachel Bloom and Matt Leinart (Credit: Getty Images)

Actress Rachel Bloom sues Matt Leinart-tied developer over house defects

Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Joel Silver and the dining room in the Brentwood home (Credit: Getty Images)

Producer Joel Silver lists Brentwood estate at blockbuster price

College athletes could soon be allowed to make money on endorsement deals in the state of California (Credit: Getty Images and iStock)

Playing the real estate game: College athlete bill could mint young millionaires and homebuyers

The home on Amalfi Drive, Paul George, and Deandre Jordan (Credit: Getty Images and Realtor)

Paul George dishes $16M for DeAndre Jordan’s former Palisades pad