This week in celeb real estate: KimYe expand in Hidden Hills, Casey Wasserman drops price on Foothill Estate… and more

Los Angeles /
Mar.March 15, 2019 05:00 PM
Kanye West and Kim Kardashian, and Cassey Wasserman and the Foothill Estate (Credit: Getty Images)

Celebrities and makeup moguls breathed new life into the high-end real estate market in Los Angeles this week, interrupting the recent stream of price chop listings with several purchases. Still, the bulk of the activity stemmed from sellers struggling to unload their multimillion-dollar homes.

Media executive Casey Wasserman, grandson of the late studio exec Lew Wasserman, is softening the price on his Foothill Estate. The 18,500-square-foot mansion in the Beverly Hills Flats re-listed at $97.5 million, down from $125 million. Built in 2016, the property features five bedrooms, an art studio, 1,150-square-foot gym, private screening room, an 85-foot infinity pool and pool house. Wasserman acquired the property from his grandparents, and paid $6.5 million to acquire the neighboring lot from legendary singer Frank Sinatra.

There was also another price drop in Bel Air. U.S. Ambassador to Denmark Carla Sands chopped the ask on her 14,700-square-foot home from $37 to nearly $26 million, the Los Angeles Times reported. The Italian villa-style home has six bedrooms, 11 bathrooms and a guest house. Sands and her late husband, real estate investor Fred Sands, purchased the site for about $4 million in 1999. They built the home in 2002.

Kim Kardashian and Kanye West have acquired the house next door to theirs as they continue to build out their massive Hidden Hills estate. The duo paid $2.7 million for the 1.6-acre lot, which has a 1950s-era home that will likely get torn down. The estate of the late Richard Matheson, an author whose work includes “I Am Legend,” sold the property. Combined, the couple now own more than six acres in the gated celebrity enclave, the Times reported.

A cosmetics guru set a new high for L.A. County this week. Toni Ko, founder of NYX Cosmetics, sold her 4,400-square-foot penthouse in Santa Monica for $12.5 million, claiming the county’s biggest condo sale of the year. Bob Brisco, who is CEO of website operator Internet Brands, was the buyer. The sprawling unit, which is made up of two adjoining units, takes up half a floor at the Seychelle, a 10-story luxury tower at 1755 Ocean Avenue.

Farther west, the luxury lifestyle creator James Perse listed one of his estates in the Point Dume area of Malibu for $40 million. Spanning 4,200 square feet, the home features five bedrooms and six bathrooms. Perse paid $16 million for the property on Zumirez Road in 2010. It was built in 2004 by “X-Files” creator Chris Carter, and designed by the firm Nicolas, Budd, Dutton.


Related Articles

arrow_forward_ios
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
Trevor Noah and the Bel Air house (Getty, Redfin)

Trevor Noah pays $28M for Bel Air mansion after selling another

Trevor Noah pays $28M for Bel Air mansion after selling another
Reese Witherspoon (Getty)

Reese Witherspoon pays $16M for Brentwood mansion

Reese Witherspoon pays $16M for Brentwood mansion
Anthony Davis and 940 Candlecrest Drive (Getty, Redfin)

Lakers’ Anthony Davis sells mansion for $1M less than he paid

Lakers’ Anthony Davis sells mansion for $1M less than he paid
Red Hot Chili Peppers bassist Flea — real name Michael Balzary — sold his compound for $20 million (Getty, iStock)

Flea sells Malibu estate for $20M

Flea sells Malibu estate for $20M
arrow_forward_ios

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

Loading...