This Beverly Hills mansion with shell stone walls just listed for $47M

The property includes 5 bedrooms, 9 bathrooms

1500 Gilcrest Drive (Credit: Coldwell Banker)
1500 Gilcrest Drive (Credit: Coldwell Banker)

A Beverly Hills mansion has listed for $46.8 million, adding to the substantial number of luxury properties in the $40 million to $50 million range that hit the market over the last year.

The newly-built home at 1500 Gilcrest Drive appears to be tied to executive Kent Kresa, former chairman of aerospace giant Northrop Grumman. Listing agent Jade Mills of Coldwell Banker Residential Brokerage did not respond to requests for comment.

The LLC tied to the buyer — 512 Perugia Way — paid $4.7 million to acquire the land in May 2010, property records show.

Designed by architect Tim Morrison, the 11,000-square-foot home includes five bedrooms and nine bathrooms. There’s also an infinity-edge swimming pool with spa, gym, gardens, four-car garage and walls made out of shell stone. The two-story home sits on a three quarters of an acre.

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Kresa is chairman of MannKind Corp., a biopharmaceutical company based in Westlake Village. Before that, he served as CEO of both Northrop Grumman and General Motors. In 2013, he sold a 14,000-square-foot Spanish Revival home in Beverly Hills for $27.5 million.

The most recent listing on Gilcrest Drive adds to the growing list of luxury properties available for sale. Last week, Malibu Real Estate Investments put a $50 million spec home in Malibu on the market. The 13,000-square-foot home sits on 17 acres.

And last month, Ellen DeGeneres and wife, actress Portia de Rossi, were revealed as buyers of Adam Levine’s $45 million Beverly Hills mansion.