An Encino estate with ties to the Taban family, which runs Jade Enterprises development firm, has hit the market for nearly $20 million, The Real Deal has learned.
If sold at that price, it would nearly double the current record for a sale in the neighborhood.
The massive gated compound on Caribeth Drive includes a 13,000-square-foot mansion and a sprawling backyard with a tennis court and pool, according to the listing.
Designed by the late architect Ronald Firestone, the main house includes seven bedrooms and 11 bathrooms. Amenities include several fireplaces, 4,000 square feet of patio space, a gym, indoor basketball court and stone countertops.
Property records reveal the 1.4-acre property was owned by Asher and Manij Taban until 2012, when they transferred ownership to an LLC named Amrek. That LLC is controlled by Eli Taban, who worked for his family’s real estate development firm, Jade Enterprises, before starting his own law firm.
Jade, an active investor in the Downtown Los Angeles market, is run by brothers David, Albert, and Benny Taban. The firm most recently secured approvals to build a 30-story apartment building in the Fashion District, set to bring 363 units to the area.
Eli Taban did not respond to requests for comment. A representative for the listing agents, Jade Mills and Alexis La Montagna of Coldwell Banker Residential Brokerage, declined to comment.
The current record for a residential sale in Encino was set by Jimmy Rollins, a one-time L.A. Dodger, who paid $10.65 million for his home last year. He recently listed that 15,000-square-foot mansion for nearly $12 million.