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”

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

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