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
Bret Michaels and the city of Calabasas (Getty)

Something to believe in: Poison’s Bret Michaels returns to Calabasas

Something to believe in: Poison’s Bret Michaels returns to Calabasas
600 The Strand and Cindy Robinson Mullen (Realtor, Tim & Cindy)

Helicopter heiress lists Hermosa Beach home for $23M

Helicopter heiress lists Hermosa Beach home for $23M
Mookie Betts (Credit: Ralph Freso/Getty Images, and Vimeo via Dirt.com)

Mookie Betts follows World Series win with Encino home buy

Mookie Betts follows World Series win with Encino home buy
Khloé Kardashian (Credit: Rodin Eckenroth via Getty Images)

Khloe Kardashian offloads Calabasas manse for record price

Khloe Kardashian offloads Calabasas manse for record price
Justin Bieber and Hailey Baldwin with 1710 Tropical Avenue (Getty, Redfin)

Bieber and Baldwin list Beverly Hills home

Bieber and Baldwin list Beverly Hills home
Kris Jenner and Khloe Kardashian both bought homes in the Hidden Hills (Getty)

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group
Eva Chow and 133 S Mapleton Drive (Getty, Realtor)

Eva Chow’s supersized Holmby Hills mansion gets another price cut

Eva Chow’s supersized Holmby Hills mansion gets another price cut
Gene Simmons of Kiss (Credit: Per Ole Hagen/Redferns via Getty Images)

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion
arrow_forward_ios

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

Loading...