Kurt Rappaport buys Brentwood home of former Viacom exec at discounted $16M

The home was originally listed in October for $24M

Los Angeles /
Jul.July 06, 2018 01:00 PM
Kurt Rappaport and Frank Biondi with the Brentwood Estate (Credit: Getty)

When you are struggling to sell, maybe it’s time to sell to the listing agent.

Kurt Rappaport, co-founder of Westside Estate Agency, paid $16.25 million to acquire one of his own listings, the Brentwood home of the former Viacom executive Frank Biondi Jr. The home was initially marketed at $23.9 million, meaning Rappaport secured a 32 percent discount on the deal, the Wall Street Journal reported.

The media executive first listed the property with Linda May from Hilton & Hyland in October. It’s price was reduced to $19.5 million in March.

Designed by Wallace Neff, the French manor-style property has four bedrooms and nine bathrooms within 9,000 square feet of living space. Amenities include a gym, screening room, staff quarters and guard house.

Robert A.M. Stern Architects, famous for building New York staples like 30 Park Place and 15 Central Park West, expanded the estate in 1999.

Biondi purchased the property in 1996 for nearly $4.1 million from producer couple Kathleen Kennedy and Frank Marshall, records show.

Rappaport, who recently sold his mansion in Malibu to billionaire Daryl Katz for $85 million, plans on renovating the interiors. He is still deciding whether to use the property as an investment or as a primary residence, he told WSJ.

Biondi has served executive roles at Viacom and Universal Studios. In 2016, the entertainment mogul scooped up a condominium on Wilshire Boulevard with his wife, Carol, for $3.25 million. [WSJ] — Natalie Hoberman


Related Articles

arrow_forward_ios
A photo illustration of Late night TV host James Corden and 300 North Cliffwood Avenue (Getty, Google Maps)
TV host James Corden lists Brentwood estate for $22M
TV host James Corden lists Brentwood estate for $22M
Jennifer Lopez and 1492 Stone Canyon Road in Los Angeles
J.Lo lists French Country-style estate in Bel-Air for $42.5M
J.Lo lists French Country-style estate in Bel-Air for $42.5M
DJ Zedd and 3000 Benedict Canyon Dr.
Star DJ Zedd’s Benedict Canyon estate sells for $18M
Star DJ Zedd’s Benedict Canyon estate sells for $18M
Danny Trejo and 1219 Dodds Circle in Los Angeles
Famous movie stilt house in East LA hits market for $1.6M
Famous movie stilt house in East LA hits market for $1.6M
Brad Pitt with 5769 Briarcliff Road
Brad Pitt looks to sell historic home in Los Feliz for $40M
Brad Pitt looks to sell historic home in Los Feliz for $40M
Aaron Spelling with Spelling Manor (Getty, Atwater Village Newbie CC BY 2.0 via Wikimedia Commons)
Spelling Manor cuts ask to $155M
Spelling Manor cuts ask to $155M
Michael B. Jordan and 4565 Encino Avenue (Google Maps, Getty)
Michael B. Jordan lists Encino mansion for $13M
Michael B. Jordan lists Encino mansion for $13M
23816 Malibu Road in Malibu with Dean Factor (Google Maps, Getty)
Dean Factor lists Malibu home for $40M
Dean Factor lists Malibu home for $40M
arrow_forward_ios

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

Loading...