Nile Niami and wife Yvonne sell $15.6M Beverly Hills home amid divorce

Couple's split may have implications for spec home builder's projects

TRD LOS ANGELES /
Mar.March 16, 2017 10:06 AM
Nile Niami and the N. Whittier Drive home

It’s the cycle of life in tony Beverly Hills: Love, marriage, divorce, and a property breakup.

Mega-mansion builder Nile Niami and his wife Yvonne have sold their Beverly Hills home for $15.6 million, two months after filing for divorce.

The couple, who were married for over 18 years before separating two years ago, bought the property for $11.9 million in 2014 and gave it a top-to-toe renovation before putting it on the market for $17.95 million last summer. They owned the property through a trust, for which Yvonne served as the trustee, records show.

Yvonne, the founder of the charitable clothing label n:Philanthropy, has already snapped up another home in Bel Air for $16.2 million.

The Beverly Hills property, on N. Whittier Drive, sold to an LLC dubbed Amplitude of Blessings.

Listing broker Drew Fenton of Hilton & Hyland did not immediately respond to a request for comment.

The gated, 9,200-square-foot home has six bedrooms, eight bathrooms, a motor court, a marble entryway, a formal dining room and a walk-in wine cellar.

Speculation has been rife in recent months that the couple’s split could have significant implications for the spec home builder’s real estate holdings, The Real Deal reported. Some have said it could throw the ownership of the infamous $500 million Bel Air mansion he is developing into question.


Related Articles

arrow_forward_ios

Movers & Shakers: Loren Judd joins Hilton & Hyland, Compass continues poaching from the Agency.. and more

Compass poaches Tyrone McKillen and team from Hilton & Hyland

Mel Gibson trims Malibu estate asking price to $15M

The odyssey of the Mountain: Inside the struggle to sell 157 acres atop Beverly Hills

Former Dodger scoops up historic Hancock Park estate

Compass hires away top exec from Hilton & Hyland

New kids on the block: A look at LA’s next tier of luxury brokers

Eat, pray, close: Canon Drive remains dealmaker central – but will that last?

arrow_forward_ios