Oklahoma oil chief taps into Bel Air for megamansion

Stephen Ives, of Cheyenne Petroleum, wants to build 21K sf estate

Los Angeles /
Mar.March 11, 2019 04:00 PM
Stephen Ives and bird’s eye view of home at Somma Way, which he wants to demolish. (Credit: Redfin)

The head of an Oklahoma oil company did some prospecting in Bel Air, and now wants to build a mansion that could rival the ones from Los Angeles developers like Nile Niami and Bruce Makowsky.

Stephen Ives, president of Oklahoma City-based Cheyenne Petroleum Company, has filed plans for a 21,000-square-foot mansion at Somma Way in Bel Air, The Real Deal has learned.

According to documents published with the city, Ives is seeking approvals to demolish the 9,750-square-foot home on the property, formerly owned by the late advertising executive Jack Roth. Ives paid $22.5 million to acquire the existing home last January, property records show.

In its place, he wants to build a two-story residence with garage, swimming pool and spa, landscaping and guard house.

At 20,000 square feet, the proposed mansion would rank among the largest estates in the exclusive area. It would also rise on the same block as an unfinished 40,000-square-foot spec home, on the market for sale for $100 million.

He could not be reached for comment.


Related Articles

arrow_forward_ios
Jeffree Star and his Hidden Hills home (Compass, Getty)
Makeup mogul Jeffree Star lists 20K sf mansion
Makeup mogul Jeffree Star lists 20K sf mansion
Kevin Hard and his new Calabasas house (Getty, The Shevins / Berkshire Hathaway)
Kevin Hart buys his neighbor’s house in Calabasas for $7M
Kevin Hart buys his neighbor’s house in Calabasas for $7M
Adele and Nicole Richie (Getty, Google Maps)
Hello, from Beverly Hills: Adele buys Nicole Richie’s home
Hello, from Beverly Hills: Adele buys Nicole Richie’s home
Yo Gotti (Getty) with Candlecrest Drive home. (Redfin)
Rapper Yo Gotti pays $8M for Westlake Village mansion
Rapper Yo Gotti pays $8M for Westlake Village mansion
Megan Fox and Machine Gun Kelly (Getty)
Megan Fox, Machine Gun Kelly take $30K a month rental
Megan Fox, Machine Gun Kelly take $30K a month rental
Sumner Redstone (Getty) with 31 Beverly Park Terrace (Redfin)
Sumner Redstone’s Beverly Park estate flies off market for $27M
Sumner Redstone’s Beverly Park estate flies off market for $27M
Kourtney Kardashian and her Madison Club property. (Getty, Madison Club)
Kourtney Kardashian drops $12M on brand new mansion in Palm Springs
Kourtney Kardashian drops $12M on brand new mansion in Palm Springs
Polo G and his Chatsworth compound (Getty, The Agency)
Rapper Polo G buys Chatsworth compound ahead of release of third album
Rapper Polo G buys Chatsworth compound ahead of release of third album
arrow_forward_ios

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

Loading...