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

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

Actor Charlie Sheen and his mansion at 14003 Aubrey Road in Mulholland Estates (Credit: Getty Images and via LAT)

Charlie Sheen takes a loss on Mulholland Estates party pad

Michelle Pfeiffer, Jim Crane and the home (Credit: Getty Images and Zillow)

Move over Ellen: Michelle Pfeiffer is latest celeb RE player

Mohamed Hadid and the mansion (Credit: Getty Images, iStock, and Mega via TMZ)

Judge puts Hadid’s Bel Air mansion on demolition fast-track

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino