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The Real Deal Los Angeles

Private equity exec Michael Michelson lists Beverly Hills manse for $19M

Estate was longtime residence of entertainment vet Chris McGurk
By Subrina Hudson | May 12, 2017 05:15PM

North Crescent Drive home, Michael Michelson (MLS/KKR)

Investor Michael Michelson put his tudor-style mansion in Beverly Hills on the market with an asking price of $18.9 million, or $1,639 a square foot, The Real Deal has learned.

An entity registered to Michelson, chair of the inclusion and diversity council at private equity firm KKR & Co., purchased the property in an off-market deal for $16 million in June 2016.  

The 11,588-square-foot home has six bedrooms, seven bathrooms and is just around the corner from the Beverly Hills Hotel. The mansion features a dry sauna, full bar, custom cabinetry and a large backyard with a tennis court and pool. 

Michelson purchased the property from former MGM COO and current Cinedigm CEO Chris McGurk, who lived at the estate for 20 years.

It was also the onetime home of Louise Taper, historian and daughter-in-law of late real estate developer S. Mark Taper.

Michelson joined KKR in 1981 from law firm Latham & Watkins, five years after cousins Henry Kravis and George Roberts founded KKR with Jerome Kohlberg Jr., according to Reuters.

Brett and Jason Oppenheim of the Oppenheim Group have the listing.