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The Real Deal Los Angeles

This week in celebrity real estate: Jay-Z and Beyoncé sign on dotted line, David Arquette shakes hands with Kate Walsh … and more

By Subrina Hudson | August 18, 2017 06:00PM

Beyoncé and Jay-Z, David Arquette, Kate Walsh and Walsh’s Encino home (Getty Images/MLS)

Roll out the red carpet, Los Angeles. After years of renting pricey pads including a ridiculous $400,000 per month Malibu mansion, America’s favorite celebrity couple, Jay-Z and Beyoncé, can finally call L.A. home.

The pair scooped up developer Dean McKillen’s 30,000-square-foot Bel Air spec mansion for $90 million this week following months of rumors. The massive estate has eight bedrooms and 11 bathrooms with four outdoor swimming pools, a wellness and spa center and a 15-car garage. Once the deal records in the public record, it will be the priciest sale in L.A. so far this year.   

Speaking of closing deals, “Private Practice” and “Grey’s Anatomy” star Kate Walsh sold her Encino estate for $4.6 million, or $350,000 over its asking price, to actor and producer David Arquette. The 4,332-square-foot home has three bedrooms and three bathrooms with a detached guest cottage that has its own bathroom, according to Variety. Walsh purchased the home in 2013 for $2.7 million. Before listing the property last month, the actress had it on the market as a short-term rental with lease rates from $15,000 to $17,500 per month. Barry Sloane and Marc Silver of Sotheby’s International Realty had the listing. Jonah Wilson of Hilton & Hyland represented the buyer.

Model Kendall Jenner better strike her best “Blue Steel” pose like fictitious character Derek Zoolander in order to move, not one, but two listings. The Kardashian is looking to sell her 2,068-square-foot condo in L.A.’s Wilshire Corridor, asking $1.6 million, and a 4,800-square-foot home above the Sunset Strip for $6.9 million. The condo has two bedrooms and two bathrooms with a homeowner’s association fee of $3,538 per month. Amenities include a wine storage room, heated pool and fitness center. Her three-story Sunset Strip home has six bedrooms and five bathrooms. There’s a media lounge, gym and an office/den on the top floor that opens to a rooftop deck.

Lauren Conrad is another reality television star in the market for a buyer. Conrad, now a fashion designer, listed her Cape Cod-style home in Brentwood for $4.5 million. The 4,303-square foot home with five bedrooms and five bathrooms was – surprise – formerly owned by a reality television star, Jeff Lewis. Conrad recently sold her 5,900-square-foot Pacific Palisades bungalow earlier this year for $5 million.     

While British TV producer and director Bruce Gowers stays behind the scenes, he is hoping his Malibu property will take center stage. The “American Idol” director put it back on the market with a $500,000 discount. The Silver Raven Farms equestrian estate is asking $14.45 million and sits on nearly 5 acres. A Traditional-style main house, three guesthouses, a barn with a riding arena, a swimming pool and lighted tennis court share the site. Gowers purchased the property for about $4 million in 2000. Ellen Francisco of Coldwell Banker and Barbara Tenenbaum of Hilton & Hyland have the listing.