Kimora Lee Simmons is buyer of $25M Beverly Park spread

Los Angeles /
Jun.June 06, 2017 09:30 AM

Call it a phat find.

Last week, The Real Deal reported that a 20,000-square-foot mansion in Beverly Park Circle quietly sold for $25 million after lingering on and off the market for nearly a year. Now, the real estate grapevine is pointing to Kimora Lee Simmons as the buyer.

The model-turned-designer and her financier husband, Tim Leissner, bought the gated estate from Kathy Harouche, wife of textile mogul Michel Harouche and mother of celebrity stylist Simone Harouche, Variety reported.

Sitting on a 3.8-acre lot, the colossal Mediterranean villa contains seven bedrooms and 11 bathrooms. It features a double-height foyer with marble floors, a paneled library, a home theater, a conservatory and multiple loggias and terraces outside.

Kurt Rappaport of Westside Estate Agency had the listing, which was originally asking $33.5 million.

Leissner, a former Goldman Sachs exec, was subpoenaed by the Justice Department in 2016 in the investigation of a massive Malaysia-based money laundering case. Earlier this year, the government of Singapore banned him from the securities industry for 10 years over his involvement in the Malaysian scandal. [Variety]Cathaleen Chen


Related Articles

arrow_forward_ios
Bret Michaels and the city of Calabasas (Getty)

Something to believe in: Poison’s Bret Michaels returns to Calabasas

Something to believe in: Poison’s Bret Michaels returns to Calabasas
600 The Strand and Cindy Robinson Mullen (Realtor, Tim & Cindy)

Helicopter heiress lists Hermosa Beach home for $23M

Helicopter heiress lists Hermosa Beach home for $23M
9600 Wilshire Boulevard (Google Maps, iStock)

Beverly Hills Saks Fifth Avenue hits the auction block

Beverly Hills Saks Fifth Avenue hits the auction block
Michael Shabani of Crown and Russell Russell Gimelstob of Ascendant, and the building (Credit: Google Maps)

Crown Equity partnership sells Rodeo Drive building for $122M

Crown Equity partnership sells Rodeo Drive building for $122M
Mookie Betts (Credit: Ralph Freso/Getty Images, and Vimeo via Dirt.com)

Mookie Betts follows World Series win with Encino home buy

Mookie Betts follows World Series win with Encino home buy
Khloé Kardashian (Credit: Rodin Eckenroth via Getty Images)

Khloe Kardashian offloads Calabasas manse for record price

Khloe Kardashian offloads Calabasas manse for record price
A rendering of the project (Credit: SKANSKA via Commercial Observer)

Skanska building its first ground-up LA development

Skanska building its first ground-up LA development
Justin Bieber and Hailey Baldwin with 1710 Tropical Avenue (Getty, Redfin)

Bieber and Baldwin list Beverly Hills home

Bieber and Baldwin list Beverly Hills home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...