This week in celeb real estate: Bernard Arnault amasses land in Trousdale, Rolling Hills mansion sells at auction… and more

Los Angeles /
Nov.November 16, 2018 05:00 PM
Photo illustration: Bernard Arnault (top) with Hacienda de la Paz mansion (bottom)

This week revealed major real estate deals involving business executives stretching from Trousdale Estates to the Palos Verdes Peninsula. A handful of multi-million-dollar homes also came on the market, two of which were owned by high-net-worth folks in the entertainment industry.

Bernard Arnault, the man behind the Louis Vuitton empire, is taking a break from buying land on Rodeo Drive to invest in the residential market. The chairman of LVMH paid $30 million to acquire a 6,400-square-foot home in the tony Trousdale Estates neighborhood of Beverly Hills. The October purchase complements a purchase he made in 2016, when he picked up a neighboring property for $32.5 million. He’s currently building a new home on that parcel. It’s possible the fashion mogul will build something more grandiose now that he owns a contiguous 2.84-acre spread.

In Rolling Hills, a mansion dubbed Hacienda De La Paz sold at a no-reserve auction for $22.4 million. That’s less than half of what seller John Blazevich initially asked for the pad in 2013. Blazevich, CEO of Viva Food Group, built the 51,000-square-foot mansion over 17 years. It includes nine bedrooms, 25 bathrooms, two tennis courts and a 10,000-square-foot underground Turkish bath. The property also has five stories underground, and only one floor above grade.

The former home of late producer Arnold Kopelson hit the market this week for $13.5 million. Located in Beverly Hills, the property includes four bedrooms, seven bathrooms, a library and guest house. There’s also a guesthouse out back, the Los Angeles Times reported. Kopelson died earlier this month at 83. He’s best known for producing four-time Oscar winner “Platoon,” and for founding Kopelson Entertainment alongside his wife Anne.

A Hancock Park estate once owned by the creator of popular sitcom “Everybody Loves Raymond” also came on the market for $9.9 million. Phil Rosenthal last owned the home in 2007, when he sold it for $5.9 million. Located across from the Wilshire Country Club golf course, the 8,550-square-foot home features six bedrooms and seven bathrooms, the Los Angeles Times reported. Rosenthal most recently starred in a Netflix food documentary series titled “Somebody Feed Phil.”


Related Articles

arrow_forward_ios
Sylvester Stallone and his Beverly Park estate (Getty, Google Maps)
Weighing in at $130M: Sly Stallone lists massive mansion
Weighing in at $130M: Sly Stallone lists massive mansion
Britney Spears and the home 12094 Summit Circle. (Getty, The Altman Brothers)
Paparazzi-proof former home of Britney Spears sold
Paparazzi-proof former home of Britney Spears sold
 Matt Damon and Luciana Barroso (Getty, iStock)
Matt Damon lists Pacific Palisades mansion and heads to NY
Matt Damon lists Pacific Palisades mansion and heads to NY
Robbie Roberston and his Beverly Hills Post Office home (Getty, Redfin)
Rock & Roll Hall of Famer Robbie Robertson relists Beverly Hills pad
Rock & Roll Hall of Famer Robbie Robertson relists Beverly Hills pad
Dwyane Wade and Gabrielle Union dropped the asking on their Sherman Oaks mansion, a year after buying big in Hidden Hills. (Getty, Hilton & Hyland)
Dwyane Wade and Gabrielle Union drop asking on Sherman Oaks manse
Dwyane Wade and Gabrielle Union drop asking on Sherman Oaks manse
Liam Payne and his Monte Nido home (Getty, Redfin)
Plotting new direction, Liam Payne sells Monte Nido compound
Plotting new direction, Liam Payne sells Monte Nido compound
Embattled director faces sexual assault allegations. (Getty, Compass)
Director, facing sex assault allegations, sells Malibu home for $14M
Director, facing sex assault allegations, sells Malibu home for $14M
Liam, Chris and Luke Hemsworth with their Malibu home (Getty, Zillow)
Hemsworth bros sell Malibu crash pad
Hemsworth bros sell Malibu crash 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...