This week in celeb real estate: Cher’s former estate lists for $68M, Beyoncé and Jay-Z’s rental home sells for $50M … and more

Los Angeles /
Aug.August 03, 2018 05:00 PM
Jay-Z, Beyoncé and La Villa Contenta home. Eddie Murphy, Cher and the home (Credit: Getty Images, MLS, David Shankbone and David Carroll via Flickr)

A 14-acre estate whose former owners include pop icon Cher and comedian-actor Eddie Murphy hit the market for $68 million, nearly $17 million less than its original asking price in 2016. Vicky Walters, widow of prominent real estate developer Raul Walters, is selling the sprawling compound in the Beverly Hills Post Office. The couple had expanded the 20,000-square-foot main home to include a guest house, horse stable and tennis court. Cher built the original home on a four-acre parcel, and later sold it to Murphy.

Over in Malibu, a mansion once rented by power couple Beyoncé and Jay-Z, sold for $50 million to Behdad Eghbali, a founding partner at Santa Monica-based investment firm Clearlake Capital. The seller was Richard Weintraub, president and CEO of Weintraub Real Estate Group. Dubbed La Villa Contenta, the home includes 14 bedrooms, 10 bathrooms, a wine cellar, screening room, ballroom and guesthouse. Outside, an infinity swimming pool and rose garden complete the home. Beyoncé and Jay-Z rented the home for $400,000 a month last year following the birth of their twins, Rumi and Sir.

Thomas Barrack, a private equity mogul and pal of President Donald Trump, spent $13 million for a contemporary spec home in Brentwood that he snapped up a month after it was listed. Spanning 7,800 square feet, the home features seven bedrooms and 11 bathrooms. He purchased the home back in April, but it went unreported until now. The mansion’s open floor plan features glass walls on the rear of the home that overlook a swimming pool, patio and lawn. Barrack also owns a 23,000-square-foot mansion in Santa Monica, which he paid $21 million for back in 2014.

In the Hidden Hills neighborhood, Denise Richards has finally parted ways with her eight-bedroom home. The actress and model sold the pad for $4.75 million, roughly 40 percent lower than the original asking price of $7.9 million. The actress paid $4.4 million for the 8,300-square-foot home in 2007. In a Ranch-style design, the home features six bedrooms, eight bathrooms, a lagoon pool with a waterfall and grotto, and custom-built dog kennel.

 

Related Articles

arrow_forward_ios
Early Facebook recruit buys Pasadena mansion
Early Facebook recruit buys Pasadena mansion
Early Facebook recruit buys Pasadena mansion
Tim Cook and the La Quinta house (Getty, Realtor.com / Hideaway Properties Corp.)
Buyer confirmed, finally: Apple’s Tim Cook paid $10M for La Quinta mansion
Buyer confirmed, finally: Apple’s Tim Cook paid $10M for La Quinta mansion
Joe Jonas and Sophie Turner’s Encino mansion sale is priciest in 2021
Joe Jonas and Sophie Turner’s Encino mansion sale is priciest in 2021
Joe Jonas and Sophie Turner’s Encino mansion sale is priciest in 2021
Kelly Clarkson and the Encino property (Getty, Compass)
Grammy winner Kelly Clarkson sells 10K sf Encino mansion
Grammy winner Kelly Clarkson sells 10K sf Encino mansion
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna lists Hollywood Hills property after buying in Beverly Hills
Rihanna lists Hollywood Hills property after buying in Beverly Hills
LeBron and the six bedroom house (Getty, Redfin)
LeBron sells Brentwood mansion for $1M less than he paid
LeBron sells Brentwood mansion for $1M less than he paid
Kanye West and 24844 Malibu Road (Getty, Compass/Facebook)
Album drop then price chop: Kanye pays $57M for Malibu beach house
Album drop then price chop: Kanye pays $57M for Malibu beach house
Luciana Barroso and Matt Damon with the seven bedroom house (The Agency Real Estate, Getty)
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
arrow_forward_ios

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

Loading...