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

Related Article

From left: Kristen Dunst and her former home on Toluca Lake Road, and Roy E. Disney and the home in Toluca Lake (Credit: Getty Images and Redfin)

This week in celeb real estate: Kirsten Dunst makes lightning sale in Toluca Lake, home owned by Disney heir trades again…and more

Home at Stratford Circle with Hungarian couple Ildiko Szekeres and Gyorgy Nagy (Credit: Getty Images)

Olympic curlers score Bel Air Crest mansion that lingered on the market for 4 years

Skid Row Housing Trust CEO Lee Ragas

Prolific DTLA affordable housing developer pushes into Van Nuys

Roy E. Disney and the home in Toluca Lake

That Disney magic? Toluca Lake home that belonged to a Disney heir sells over asking

Celebrity real estate sales: Ellen DeGeneres, Jonah Hill

This week in celeb real estate: Ellen DeGeneres flips for Santa Barbara and Jonah Hill settles down in Santa Monica…and more

From top: Ellen DeGeneres and Portia de Rossi, Jan Koum and Ron Meyer, and Pierce Brosnan with his new home in Santa Monica (Credit: Getty Images)

This week in celeb real estate: Ellen DeGeneres sells in Beverly Hills and Whatsapp founder buys $100M Malibu mansion…and more

Pierce Brosnan and his new home in Santa Monica

“The world is not enough,” but for one former James Bond this Santa Monica pad is

Jason Yaselli and Usher (Credit: Getty Images and iStock)

Leave the furniture, take the diamond ring: Luxury brokers advise vigilance after fellow agent charged in open-house burglaries