This week in celeb real estate: Justin Bieber drops $100K monthly, entrepreneurs pick up multi-million-dollar homes.. And more

Los Angeles /
Oct.October 12, 2018 05:00 PM
Richelieu Dennis and the home, Justin Bieber and Hailey Baldwin (Credit: Getty Images, Ricky Vigil M/GC Images)

Entrepreneurs and executives poured tens of millions of dollars into the high-end real estate market in Los Angeles this week, purchasing homes in both the Hollywood Hills and Beverly Hills — not to mention one eye-raising home rental in the Valley by a YouTube legend.

Eric Baker, founder of online ticket marketplace Viagogo, spent $23.5 million to acquire a 10,300-square-foot mansion in the Beverly Hills Flats. The executive paid all-cash for the home, which was asking just $50,000 more than what Baker paid. Lawyer Andrew White and his wife, doctor Elisa Newman, were the sellers. The Mediterranean-style home has seven bedrooms and seven bathrooms. Amenities at the sprawling property include an expansive backyard, screening room and a gym with private bath and sauna. Before he founded Viagogo, Baker co-founded Stubhub, another online ticket resale firm.

Another executive, Richelieu Dennis, who heads New York-based Sundial Brands, also purchased a new home recently. The CEO bought a 12,100-square-foot home in the Hollywood Hills from a spec developer for $15.7 million. Though the deal closed in August, he was just revealed as the buyer this week. The glassy contemporary home has six bedrooms and seven bathrooms, and features a 2,500 square-foot living room, a Tuscan-style garden with mature olive trees, as well as a boomerang-shaped swimming pool overlooking the Sunset Strip of West Hollywood.

In the Valley, newly married Justin Bieber signed a deal to rent a Toluca Lake pad for almost $100,000 per month. Spanning 7,000 square feet, the recently remodeled home has five bedrooms and seven baths. More importantly for the singer and YouTube legend, it has a professional recording studio, along with a pool, spa and private dock with two paddle boats. Bieber agreed to rent the home, which is listed off-market for $8.5 million, in a short-term arrangement that pushed up the monthly fee. The home’s owners, Kathleen McIntyre and Howard Atkins — a former CFO of Wells Fargo & Co. — bought it for $4.9 million in 2009, according to property records.

Here’s hoping Bieber’s new neighbors are more welcoming this time around.

Last but not least, a unit rich in Old Hollywood history came on the market this week asking $15 milion. The 8,000-square-foot penthouse unit, which boasts five bedrooms, is in a residential building on Santa Monica’s Ocean Avenue formerly owned by the late actor William Holden. There’s also a 2,300-square-foot rooftop deck with hot tub, six parking spaces, and sweeping ocean views. Howard Murad, a dermatologist and beauty entrepreneur, and his wife, Loralee, are the sellers. They purchased the property in 2011 for $10.5 million, property records show.


Related Articles

arrow_forward_ios
Chrissy Teigen and John Legend with the property (Getty, Douglas Elliman)
John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
Sue Gross and an aerial of the home at 960 N. Alpine Drive (UCI, Google Maps)
Beverly Hills home Ellen DeGeneres sold for $35M is back on market
Beverly Hills home Ellen DeGeneres sold for $35M is back on market
Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
The current Brooklyn Net sold his Malibu home in 2019 (Getty, Hidden Hills)
Kevin Durant returns with $16M Hidden Hills mansion buy
Kevin Durant returns with $16M Hidden Hills mansion buy
Jennifer Lopez and Ben Affleck with the Nile Niami mansion (Getty, Leverage Global Partners)
JLo tours Nile Niami-built Holmby Hills mansion asking $65M
JLo tours Nile Niami-built Holmby Hills mansion asking $65M
Meghan Trainor and Julie Bowen with the Toluca Lake house (Getty, Hilton & Hyland)
Meghan Trainor sells Toluca Lake home to actress Julie Bowen
Meghan Trainor sells Toluca Lake home to actress Julie Bowen
Helen Mirren and Taylor Hackford with their Hollywood home (Getty, Redfin)
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
9402 Beverly Crest Drive and the late Microsoft co-founder Paul Allen (Redfin, Getty)
Paul Allen’s massive Beverly Hills compound lists for $56M
Paul Allen’s massive Beverly Hills compound lists for $56M
arrow_forward_ios

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

Loading...