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