Infamous Beverly Hills developer Geoff Palmer, one of President Donald Trump’s most generous donors, has sold a home on N. Sierra Drive for $8.5 million, The Real Deal has learned.
The buyer is real estate investor Michael Shabani and his wife, L’Eclaireur scion Meryl Hadida Shabani, records show.
The 6,252-square-foot property, which is in the Beverly Hills Flats area, has five bedrooms and six bathrooms as well as a breakfast room overlooking the pool, a media room and a cabana with a sauna.
Palmer put the property on the market earlier this year, after buying it for $6.9 million in 2015. Palmer did not immediately respond to a request for comment.
Rochelle Maize of Nourmand & Associates, who represented the buyer alongside Gayle Weiss and Pate Stevens, said her clients were savvy purchasers and saw the value in the property.
“They fell in love with the exquisite, over-the-top million-dollar renovation the owner did,” she said.
Palmer, who gave a $2-million check to the Trump Super PAC, is a polarizing figure in L.A. He was once dubbed Downtown’s worst developer by Curbed, thanks to his penchant for building massive faux-Italianate apartments such as the Orsini, the Medici and the most notorious Da Vinci.
The property is just one of many he’s owned in Beverly Hills. He and his wife reportedly live in a $21 million estate on Cove Way built in 1913 by Burton Green. He also reportedly owns a $17 million home in Malibu.