This week in celeb real estate: Kevin Garnett shops half-finished Malibu manse, Beverly House hits the block, again…and more

Los Angeles /
Sep.September 28, 2018 05:00 PM
Kevin Garnett and his half-finished Malibu mansion, Beverly House, with “The Godfather” movie poster (Credit: Getty Images, Hilton & Hyland)

This week in celeb real estate featured big buys from notorious home-flippers, a perennially for-sale estate, and abandoned dreams of mansions-to-be.

In Malibu, retired NBA superstar Kevin Garnett is looking to dish his half-finished mansion for $19.9 million. Garnett bought the then-six-bedroom home for $6.4 million in 2003, the same year he won the NBA Most Valuable Player award. Still under construction and about a year away from completion, the 11,000-square-foot mansion boasts a large motor court, pool, spa and ocean views just across Pacific Coast Highway. There is room for a buyer to customize portions of the property.

Closer inland in Beverly Hills, an estate with an Old Hollywood background that has been for sale for more than a decade is back on the market, this time for the discounted price of $135 million. The Beverly House was once owned by William Randolph Hearst and featured (the exteriors) in “The Godfather.” The Spanish Colonial-style residence first came on the market in 2007 for $165 million, and was later re-listed for $195 million. It has a main house spanning 50,000 square feet, with more than 20 bedrooms, a tennis court, two screening rooms and sprawling outdoor terraces. Leonard Ross, an attorney and real estate investor, bought the property for less than $2 million over four decades ago.

In the same neighborhood, noted house-flippers Ellen DeGeneres and actress Portia de Rossi picked up a Beverly Hills manse for $15 million. The 5,100-square-foot home was the estate of the late actress Marjorie Lord. Built in 1962, the Hollywood Regency-style home has five bedrooms — all with private courtyards — as well as a covered patio, pool, spa and built-in barbecue. The home went up for sale in 2015 after Lord’s death, selling a year later for $8.3 million. DeGeneres and de Rossi hired Marmol Radziner to renovate the home.

A long drive away in the Coachella Valley, another home-flipping family, the Jenner-Kardashians, picked up yet another multi-million-dollar mansion. Kris Jenner, the matriarch of the reality TV and Instagramming family, scooped up an 11,000-square-foot home in a country club development for $12 million. Jenner’s one-story mansion has seven bedrooms, a spa and a 100-foot-long infinity edge pool. Developers Gala Asher and Coldwell Banker broker Ginger Glass, who was also the listing agent, were the sellers. They acquired the property in 2015 for $2.15 million. They listed it in June for $15 million.

Back in the heart of L.A., web-slinging actor Tobey Maguire put an undeveloped parcel of land on the market for $14 million. Maguire, who played “Spider-Man” several versions ago, bought the nearly one-acre hunk of land with his former wife, Jennifer Meyer, back in 2008 for $10 million, in an off-market deal. They didn’t end up building anything before the couple split up in 2016. The next owner could build a mansion 36 feet high with up to 15,670 square feet of living space. Before it was vacant land, the property was once the site of a home designed by John Byers where actress Greta Garbo and filmmaker H.C. Potter were residents.


Related Articles

arrow_forward_ios
Allen B. Schwartz with 2383 Mandeville Canyon Road (Getty, Compass)
Fashionista Allen Schwartz takes $16M for Brentwood house
Fashionista Allen Schwartz takes $16M for Brentwood house
5012 Carbon Beach Terrace in Malibu (Redfin)
Sprawling Malibu spec house sells for $38M
Sprawling Malibu spec house sells for $38M
From left: Kim Kardashian and Cindy Crawford with 33128 Pacific Coast Highway
Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
Ben Affleck with 1172 Napoli Drive (Getty, Redfin)
Sale pending on Ben Affleck’s Pacific Palisades mansion
Sale pending on Ben Affleck’s Pacific Palisades mansion
Whatnot's Logan Head and Grant Lafontaine with 410 Doheny Road (Whatnot Inc, Compass)
Whatnot tech bros pay $15M for Beverly Hills manse
Whatnot tech bros pay $15M for Beverly Hills manse
Russell Westbrook and 400 N. Bristol Avenue (Getty, Hilyon & Hyland)
Russell Westbrook puts Brentwood Park home on market for $30M
Russell Westbrook puts Brentwood Park home on market for $30M
GPI Companies’ Alexander Akhtarzad  and Josh Flagg with a rendering of Nine Thousand One (GPI, Getty)
Nine Thousand One joins Westside’s upscale apartment market
Nine Thousand One joins Westside’s upscale apartment market
From left: Ronald Reagan and  Francesco Aquilini with 9137 Cordell Dr (UCLA Anderson, Getty, Zillow)
Bird Streets home once owned by Ronald Reagan fetches $70M
Bird Streets home once owned by Ronald Reagan fetches $70M
arrow_forward_ios

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

Loading...