Producer Megan Ellison sells last of her Mt. Olympus homes for loss

Hollywood producer sold to Teddi Jo Mellencamp of the “Real Housewives of Beverly Hills”

TRD LOS ANGELES /
Jan.January 04, 2018 03:00 PM
Mount Olympus neighborhood and Megan Ellison (Credit: Google Maps)

So much for a happy ending.

Annapurna Pictures founder Megan Ellison sold the last of her Mount Olympus homes for $4 million — $1.18 million less than what she paid for it in 2015.

The buyer of the 4,309-square-foot property was Teddi Jo Mellencamp, daughter of musician John Mellencamp and the newest cast member of the “Real Housewives of Beverly Hills,” according to Variety. The sleek, wood-paneled, five-bedroom home offers commanding views across the city to the Pacific Ocean.

Mellencamp is no stranger to the neighborhood. Her new pad is not far from a 2,918-square-foot home she and husband Edwin Arroyave bought in 2011 and currently have on the market for $3.2 million.

The trade marks the last of the properties Ellison owned and sold in Mount Olympus since 2013. The producer and real estate investor sold her 8.2-acre mountaintop estate there for $35.7 million in 2017, after combining two parcels for $30 million in 2013.

In late December 2016, she paid $15.5 million in an off-market deal with Oscar-winning cinematographer Janusz Kaminski for a 1.12-acre compound outside Mount Olympus near the Beverly Hills Hotel. The compound includes a 5,000-square-foot Spanish hacienda-style main home, a smaller guest house, and a semi-subterranean structure.  [Variety]— Dennis Lynch


Related Articles

arrow_forward_ios
Eva Chow and 133 S Mapleton Drive (Getty, Realtor)

Eva Chow’s supersized Holmby Hills mansion gets another price cut

Eva Chow’s supersized Holmby Hills mansion gets another price cut
Gene Simmons of Kiss (Credit: Per Ole Hagen/Redferns via Getty Images)

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion
Wayne Gretzky and his wife Janet Marie Gretzky with the home (Credit: Google Maps and Allen Berezovsky/WireImage via Getty Images)

“The Great One” lists Thousand Oaks mansion

“The Great One” lists Thousand Oaks mansion
Katy Perry and Orlando Bloom (Credit: Phillip Faraone/Getty Images)

Katy Perry and Orlando Bloom buy big in Montecito

Katy Perry and Orlando Bloom buy big in Montecito
Steve Levitan and the home (Credit: Jason LaVeris/FilmMagic via Getty Images and Google Maps)

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M
From left: David Parnes, James Harris, Tracy Tutor, Josh Flagg, Josh Altman, and Hiten Samtani

“Million Dollar Listing” stars dish on LA’s luxury market

“Million Dollar Listing” stars dish on LA’s luxury market
Chuck Lorre and the home (Credit: Emma McIntyre/Getty Images, and Google Maps)

Producer Chuck Lorre buys again in Pacific Palisades

Producer Chuck Lorre buys again in Pacific Palisades
arrow_forward_ios

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

Loading...