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The Real Deal Los Angeles

This week in celeb real estate: Microsoft co-founder lists undeveloped land for $150M, former home of Elizabeth Taylor hits market… and more

By Natalie Hoberman | July 13, 2018 06:17PM

Elizabeth Taylor and the home, Paul Allen, the billionaire co-founder of Microsoft (Credit: Pexels, Pixabay)

Paul Allen, the billionaire co-founder of Microsoft, wants $150 million for a 120-acre site in Beverly Hills. That’s seven-and-a-half times the amount the billionaire paid for the land back in the 1990s. Nicknamed “The Enchanted Hill,” the property is comprised of five flat lots. Allen purchased the property with the intention of building a residence on the grounds. In the process, he demolished a 20-bedroom mansion designed by architect Wallace Neff. Jeff Hyland, Zach Goldsmith, Rick Hilton and Jesse Lally at Hilton & Hyland have the listing.

Also in Beverly Hills, the one-time home of the late Hollywood star Elizabeth Taylor came on the market for $15.9 million. Marvin Gross, a retired attorney who purchased the home for $2 million in 1997, is selling the property. The estate has six bedrooms and seven bathrooms over 7,700 square feet of living space. Amenities include an art studio, library and sauna. Outside, there is a swimming pool and outdoor courtyard. Taylor lived in the home with her second husband, Michael Wilding, from 1954 until 1957. Joyce Rey of Coldwell Banker has the listing.

Meanwhile, Steve Tisch, the New York Giants chairman and film producer, paid $10 million for a Midcentury-style home in the Trousdale Estates neighborhood of Beverly Hills. The Robert Skinner-designed home has five bedrooms, six bathrooms and 6,300 square feet of total living space. The seller was the late music manager Jordan Feldstein, the Los Angeles Times reported. Rona Passman of Hilton & Hyland had the listing. Max Shapiro of Westside Estate Agency represented Tisch.

In Los Feliz, “The Big Bang Theory” star Jim Parsons put his 4,000-square-foot home on the market this week for $8.95 million. The three-bedroom home includes a library and game room. Outside, there are olive trees and a koi pond. Parsons purchased the home in 2014 from actor Robert Pattinson for $6.38 million, Variety reported. Parsons is one of the highest-paid actors on TV, banking about $1 million per episode of “The Big Bang Theory.”