This week in celeb real estate: An $88M home comes to market, a plot with Hollywood history is for sale.. & more

Los Angeles /
Sep.September 07, 2018 05:00 PM
Michael Palumbo, Gary L. Wilson and the guest house of 320 Delfern Drive (Credit: iStock, Pixabay)

Sell, sell, sell.

At least that’s what celebrities in Los Angeles are hoping for this week. Four lavish homes came on the market, ranging from new construction specs to residences rich in Hollywood history.

The most expensive listing this week can be spotted in Bel Air, where a luxury spec home is under construction. Elite Investment Management is building the 19,000-square-foot mansion, listed at $88 million. Once completed, it will include a 1,700-gallon fish tank, wine and cigar lounge, 18-seat movie theater and even a waterfall. Architect Michael Palumbo designed the three-story house.

Another yet-to-be-completed property hit the market nearby. A parcel of land adjacent to one of Holmby Hills’ grand estates is being marketed for sale for $35 million. Gary Wilson, the former chairman of Northwest Airlines and CFO of Disney, is selling the 2.2-acre plot of land. It’s next door to the famous former estate of Edith Mayer Goetz, daughter of movie mogul Louis Mayer.
Wilson unsuccessfully tried to sell the two properties for a combined $79 million in 2016, only to then split the land into two pieces after it lingered on the market. Billionaire investor Nicolas Berggruen paid $40.8 million for the Goetz estate the following year.

Demi Lovato, pop singer and former child actress, has put her home in the Hollywood Hills up for sale for $9.5 million. The listing comes just two months after the singer suffered an overdose in the residence. Located on Laurel View Drive, the two-story estate has four bedrooms and five bathrooms. There’s also an outdoor grilling area and infinity-edge swimming pool. The singer paid $8.3 million for the 5,500-square-foot home in September 2016.

Also in the Hollywood Hills, a “House of Sin” is selling for $8.5 million. English photographer Richard Franklin, who has worked with celebrities like Kim Kardashian, is listing the home on Sunset Plaza Drive. The 5,300-square-foot modern-style home includes five bedrooms and six bathrooms. There’s also a grotto, custom waterfall, casino and nightclub in the property, which of course, is clad in Franklin’s art. The home has also doubled as Franklin’s studio.


Related Articles

arrow_forward_ios
Hockey legend Wayne Gretzky and his wife, actress Janet Jones. (Getty, Nicki and Karen / Compass)
Wayne Gretzky sells Thousand Oaks compound — again
Wayne Gretzky sells Thousand Oaks compound — again
Matthew Stafford and renderings of his future Hidden Hills manse. (Getty, EGC Real Estate)
Matthew Stafford scores Hidden Hills home after trade to Rams
Matthew Stafford scores Hidden Hills home after trade to Rams
Tobey Maguire and his $11 million acre of dirt. (Getty, David Offer)
Tobey Maguire sells acre of dirt in Brentwood for $11M
Tobey Maguire sells acre of dirt in Brentwood for $11M
Katy Perry and 9575 Lime Orchard Drive (Getty, Redfin)
Katy Perry unloads Beverly Hills Post Office pad
Katy Perry unloads Beverly Hills Post Office pad
Anthony Davis and Stratford Circle mansion, Los Angeles (Getty, Google Maps)
Anthony Davis buys Bel Air mansion with b-ball court
Anthony Davis buys Bel Air mansion with b-ball court
Tom Girardi and Erika Jayne with 100 Altos Drive (Getty, Compass)
Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
Phil Spector and 1700 Grand View Drive (Getty, Redfin)
Phil Spector’s infamous Alhambra mansion sells
Phil Spector’s infamous Alhambra mansion sells
J.J. Abrams and the San Remo Drive home (Getty, Realtor)
JJ Abrams hopes force awakens buyers for Pacific Palisades pad
JJ Abrams hopes force awakens buyers for Pacific Palisades pad
arrow_forward_ios

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

Loading...