Square —acre — to spare: Seinfeld’s former Hollywood Hills home relists

Revel Real Estate’s Ben Bacal is latest broker on the 3-property lot, which include shovel-ready plans for a 16K-sf mansion

TRD LOS ANGELES /
Apr.April 06, 2020 04:00 PM
Leslie Benzies, his existing mid-century home with Jerry Seinfeld (left) and renderings of two possible new homes on the properties (right) (Credit: Austin Hargrave/Wikipedia and Larry Busacca/Getty Images)
Former owner Jerry Seinfeld and current owner Leslie Benzies, with his existing mid-century home, at far left. At right are renderings of possible new homes on the properties. (Credit: Austin Hargrave/Wikipedia and Larry Busacca/Getty Images)

Another babka? No, another broker.

A piece of prime real estate in the Hollywood Hills that once belonged to Jerry Seinfeld is back on the market for $26.5 million, now on its third brokerage.

The current owner, “Grand Theft Auto” video game designer Leslie Peter Benzies, relisted the now three-lot property. It  includes a 6,000-square-foot home at 9444 Sierra Mar Drive that once belonged to Seinfeld, and two smaller homes. The total land is nearly an acre.

Benzies has shovel-ready plans to combine two of the lots for what could be a 16,000-square-foot mansion, according to listing agent Ben Bacal, founder of Revel Real Estate. Bacal said the individual lots can also be acquired separately, including 9444 Sierra Mar, asking $15.5 million.

Benzies purchased that four-bedroom, five-bathroom property from Seinfeld in 2010, and put around $5 million into a renovation. Leslie later acquired the other two properties then in mid-2017, packaged all three as a pocket listing for $40 million, with Nourmand & Associates. The price did not include the shovel-ready mansion plans.

The main home hit the market again in 2018, with Rodeo Realty, asking $22.6 million before a series of price cuts. A deal fell through for the property earlier this year, putting it back on the market, said Bacal, who left Rodeo Realty in October to launch his own brokerage brand.

The new mansion plans from Vantage Design Group would combine the Seinfeld home with the neighboring parcel at 9442 Sierra Mar Drive. Benzies picked up that lot from his neighbors, who were building a new home there. That construction was never completed, but the property is listed at $5.7 million.

Next door to the unfinished home is 9432 Sierra Mar Drive, asking $5.25 million. Vantage also designed a new home for that property. It’s smaller, but also sleek and features large windows emphasizing the views, a large back deck and a swimming pool.

Renderings of the proposed 16,000-square-foot mansion show a curving, three-story white home with a large swimming pool that overlooks the city.

Bacal said it’s one of the few promontory properties ready for development in Los Angeles.

The listing comes as California remains under a statewide stay-at-home order, with the coronavirus having wreaked havoc on the industry. Leading brokers say home sales in L.A. are drying up and could plummet in April.


Related Articles

arrow_forward_ios
Gene Simmons of Kiss (Credit: Per Ole Hagen/Redferns via Getty Images)

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion
Ellen DeGeneres and Portia (Credit: Christopher Polk/Getty Images, and Google Maps)

Ellen DeGeneres lists Santa Barbara compound for $40M

Ellen DeGeneres lists Santa Barbara compound for $40M
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M
1142 Calle Vista Drive in Beverly Hills (Credit: Google Maps)

$100M Beverly Hills listing gets $49M price cut

$100M Beverly Hills listing gets $49M price cut
Jon Voight (Credit: Paul Archuleta/Getty Images)

Cut: Jon Voight slashes price on Beverly Hills development opportunity

Cut: Jon Voight slashes price on Beverly Hills development opportunity
Eli Broad and the house (Credit:: Mathew Imaging/WireImage via Getty Images, and Google Maps)

Eli Broad’s $75M Malibu beach house listing got another price chop

Eli Broad’s $75M Malibu beach house listing got another price chop
TikTok star Bryce Hall (Credit: Lee County Sheriff)

LA shuts power to TikTok party house

LA shuts power to TikTok party house
The Beverly Hills mansion (Credit: Google Maps)

This Beverly Hills mansion auction was set for April. What could go wrong?

This Beverly Hills mansion auction was set for April. What could go wrong?
arrow_forward_ios

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

Loading...