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The Real Deal Los Angeles

Billionaire Steven Udvar-Házy seeks $165M for Beverly Park estate

Off-market listing is fourth-highest asking in county
By Natalie Hoberman | April 30, 2018 12:00PM

Steven Udvar-Házy and the property (Credit: William Hablinski, Wikipedia)

Hungarian-American billionaire Steven Udvar-Házy and his wife Christine are seeking to sell their sprawling Beverly Park mansion for $165 million, making it the county’s fourth-priciest listing.

Hilton & Hyland co-founder Jeff Hyland has the off-market listing, a source confirmed. It was first reported by real estate blog Yolanda’s Little Black Book.

The main house on the property, dubbed “Villa Firenze,” spans over 28,600 square feet. Designed by William Hablinski, the residence includes a two-story guest house, cabana, full-size tennis court, additional sports court and a swimming pool on a 12.5-acre compound.

It’s located in the high-security Beverly Park neighborhood in Beverly Hills, where the list of wealthy residents includes Tom Gores, Indonesian royalty, Mark Wahlberg, a Russian media tycoon and Ed Glazer.

At the $165 million asking price, the home trails right behind the county’s three most expensive listings: the $350 million Chartwell Estate in Bel Air, Petra Stunt’s $200 million “Manor” in Holmby Hills and Bruce Makowsky’s re-listed $188 million spec home, also in Bel Air.

If it sells anywhere near asking it would easily beat Beverly Park’s most expensive trade of $40 million, according to Yolanda.

Udvar-Házy is the CEO of Air Lease Corporation, and former chairman and chief executive at one of the largest aircraft lessors in the world, International Lease Finance Corporation. The aircraft leasing businessman, who has a net worth of $3.9 billion, has donated $66 million to the Smithsonian’s National Air and Space Museum, which put his name on the Steven F. Udvar-Házy Center, according to Forbes.

The family also own a hilltop estate in the upscale Ritz Cove gated community in Orange County.