Nail polish mogul buys Brentwood estate, chipping 20% off asking price

Miriam Schaeffer, former executive at OPI Products, paid $15M for the home

Feb.February 11, 2019 04:00 PM
Home on Woodburn Drive (Credit: Realtor, Wikipedia, and iStock)

Miriam Schaeffer, a former executive at the nail polish products company her ex-husband founded, paid $15 million for a Brentwood home, The Real Deal has learned. The closing price was more than 20 percent less than its offering three months ago.

The seller was James Gordon, founder of Chicago-based private equity firm Edgewater Funds, property records show. In November, he listed the 10,200-square-foot home for nearly $19 million.

At $15 million, or about $1,470 per square foot, the sale establishes a new record for highest price and highest price per square foot in the gated Brentwood Circle, according to listing agent Sam Real of Engel & Volkers.

Schaeffer previously served as an executive at the Calabasas-based OPI Products nail polish company. Her ex-husband, George Schaeffer, founded the company in 1981. In 2016, she sold a gated estate in Beverly Hills for $15 million. A pharmaceutical executive purchased that home, which includes six bedrooms and eight bathrooms.

Located on Woodburn Drive, the French provincial style Brentwood estate includes six bedrooms and nine bathrooms on a half-acre lot. Amenities include a 15-seat theater, gym, office, wine cellar that fits up to 7,000 bottles, and a six-car subterranean parking garage. There is a swimming pool and olive trees outside.

The property last traded for $10.4 million in November 2016, property records show.

Real represented Gordon, while Jacob Dadon at the Agency represented Schaeffer.

Elsewhere in Brentwood, talent agent executive Ari Emanuel is seeking a buyer willing to dish $19 million for his bachelor pad. The co-CEO of William Morris Endeavor recently listed his 8,000-square-foot home on Mandeville Canyon for sale after splitting from his wife of 20 years.

Related Articles

Clockwise from top left: 13224 Old Oak Lane, 4425 Haskell Avenue (center), 656 Lachman Lane, 375 N. Saltair Avenue and 1200 Club View Drive

The Weeknd’s Beverly West condo tops LA County resi sales

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Robert Reffkin and 11726 San Vicente Boulevard (Credit: Google Maps and iStock)

Compass shutters second LA office

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

William Harold Borthwick, Charlie Munger, and the Barry Building (Credit: Adrian Scott Fine/L.A. Conservancy)

Berkshire vice chair’s family moves to demolish landmark building