Oklahoma oil chief taps into Bel Air for megamansion

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

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.

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