UPDATED, 3:30 p.m. June 26: When Tony Vinciquerra was named CEO of Sony Pictures last month, he was heralded as the low-key, unpretentious exec who could reduce drama at the studio. But it seems even the most unpretentious execs aren’t immune to the occasional real estate splurge.
Vinciquerra plopped down $10.9 million for new home in Mira Costa following the promotion, The Real Deal has learned.
The compound includes multiple structures, including two residences and a pool house. Altogether, there are eight bedrooms, nine bathrooms and nearly 10,000 square feet of space. Built in 2002, the property sits on one of the largest residential lots — just over 0.4 acre — in Manhattan Beach, according to marketing materials. It includes a gourmet kitchen, butler’s pantry, a billiards room and a wine cellar.
Sources said Vinciquerra will likely live in one of the homes, while the other could serve as an investment property.
Sotheby’s Leo Nordine had the listing, while Edward Kaminsky of Strand Hill Christie’s International represented the buyer.
The home, off S. Sepulveda Boulevard, first hit the market in late March for $11.5 million, according to Zillow.
The deal is one of the priciest ever to close in Manhattan Beach, where the most expensive sale ever was the $18.4 million purchase of an oceanfront pad at 104 The Strand by an entity linked to John Baumer, a partner at private equity firm Leonard Green & Partners, earlier this year.
Vinciquerra replaced outgoing Sony Pictures CEO Michael Lynton., who oversaw a period of corporate upheaval at the company.
This story has been updated to clarify that the property contains multiple structures