Oklahoma oil chief taps into Bel Air for megamansion

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

TRD 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
Actor Charlie Sheen and his mansion at 14003 Aubrey Road in Mulholland Estates (Credit: Getty Images and Realtor.com via LAT)

Charlie Sheen takes a loss on Mulholland Estates party pad

Michelle Pfeiffer, Jim Crane and the home (Credit: Getty Images and Zillow)

Move over Ellen: Michelle Pfeiffer is latest celeb RE player

Mohamed Hadid is facing a judge's order to tear down his Bel Air mansion, something that hasn't happened to an LA homeowner in 35 years. (Credit: Getty Images, iStock)

Hadid mansion case has echoes of a Saudi sheikh

Mohamed Hadid and the mansion (Credit: Getty Images, iStock, and Mega via TMZ)

Judge puts Hadid’s Bel Air mansion on demolition fast-track

Four homes have been bought for a combined $400 million recently in L.A. (Credit: iStock, Wikipedia, and Westside Estate Agency)

The $100M club: LA’s priciest mansions are having a moment

The Chartwell Estate in Bel Air, Lachlan Murdoch and Jerry Perenchio (Credit: Getty Images)

Lachlan Murdoch sets LA record with $150M deal for Bel Air mansion

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

arrow_forward_ios
Loading...