Restoration Hardware exec Gary Friedman rakes in $19M on home sales

The CEO sold estates in Napa Valley and Beverly Hills

October 09, 2017 08:00 AM
Property in Beverly Hills, with Gary Friedman (MLS/Getty)

The home furnishing executive has taken a cue from his own playbook.

Gary Friedman, the chairman and co-CEO of Restoration Hardware, sold his well-decorated Trousdale Estates home in Beverly Hills for $11.33 million last month, Variety reported. He also sold his St. Helena home up the coast for $7.55 million.

The home on N. Hillcrest Road in Beverly Hills has four bedrooms, four full bathrooms, a gourmet kitchen and a home connectivity system within 4,300 square feet of living space. A gated motor court and swimming pool lay outside. The estate first came on the market at nearly $12 million on June 21.

Up north, Friedman sold his one-acre wine country estate in Napa Valley’s St. Helena for $7.55 million. His initial ask was $10.5 million in the summer of 2016. A 5,400-square-foot main house, vineyards and guesthouse were included in the sale.

Property in St. Helena (MLS)

The executive paid $9.9 million for the Beverly Hill’s home in 2014, just a year after dropping $5.9 million for the Napa home, property records show.

Kurt Rappaport of Westside Estate Agency had the Beverly Hills listing.

Friedman owns a property in Marin County and another 4.58-acre home in Yountville. [Variety] – Natalie Hoberman

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