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
Ellen DeGeneres and Portia de Rossi with their Beverly Hills home (Getty, Redfin)
Ellen DeGeneres looks to flip Adam Levine’s old pad for $54M
Ellen DeGeneres looks to flip Adam Levine’s old pad for $54M
Lebron James and his Brentwood home (Getty, Redfin)
Loss for LeBron? King James lists Brentwood mansion
Loss for LeBron? King James lists Brentwood mansion
Jamie-Lynn Sigler and Cutter Dykstra with their Valley Village home (Getty, Compass)
“Sopranos” star Jamie-Lynn Sigler sells San Fernando Valley home
“Sopranos” star Jamie-Lynn Sigler sells San Fernando Valley home
Freddy Wexler and his new Beverly Hills home. (Getty, Jade Mills Estates)
“Stuck With U” songwriter drops $13M for Beverly Hills manse
“Stuck With U” songwriter drops $13M for Beverly Hills manse
Lily Collins and her Beverly Hills home (Getty, Nicholas Property Group)
“Emily in Paris” star Lily Collins finds buyer for Beverly Hills home
“Emily in Paris” star Lily Collins finds buyer for Beverly Hills home
Lena Dunham and her North Ogden Drive home (Getty, Compass)
That’s a wrap: Lena Dunham lists Hollywood bungalow
That’s a wrap: Lena Dunham lists Hollywood bungalow
P.K. Subban and Lindsey Vonn with their Beverly Hills home (Getty, Hurwitz James Company)
Winter sport wonders Lindsey Vonn and PK Subban list Beverly Hills home
Winter sport wonders Lindsey Vonn and PK Subban list Beverly Hills home
Robyn Moore bought the Broadbeach Road home after splitting with Mel Gibson. (Getty, Redfin)
Robyn Moore lists Malibu pad bought following divorce from Mel Gibson
Robyn Moore lists Malibu pad bought following divorce from Mel Gibson
arrow_forward_ios

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

Loading...