Irish “junk bond king” deals Beverly Hills home for $10M

Paul Coulson sold the pad for less than what he paid in 2015

Apr.April 10, 2019 12:00 PM
707 N Alta Drive and Paul Coulson (Credit: Redfin)

Paul Coulson, an Irish financier known as the “junk bond king,” unloaded his home in the Beverly Hills Flats for $10 million, The Real Deal has learned.

That’s about $200,000 less than what he and his wife, Moya Coulson, paid for the home about four years ago.

The buyers were Amy and Mark Kestenbaum, who acquired the property through a trust, records show. The deal closed late last month.

Located on North Alta Drive, the Traditional style home includes six bedrooms and seven bathrooms. Amenities include a detached guest house, swimming pool, gym and marble-clad bathroom.

Fred Bernstein and Ethan Peskowitz of Westside Estate Agency had the listing. Adi Werthman of Hilton & Hyland represented the buyer.

Coulson is the billionaire founder of Ardagh Group, a Luxembourg-based packaging company. The businessman earned his nickname after raising almost $10 billion for Ardagh by selling junk bonds in six deals over two years, according to the Irish Times.

Nearby, Casey Wasserman is shopping his newly built Foothill Estate for $97.5 million. Wasserman, grandson of legendary agent and studio executive Lew Wasserman, first listed the 18,500-square-foot mansion for $125 million last year.

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