Sumner Redstone’s Beverly Park estate flies off market for $27M

Rufus Hankey paid all-cash for late Viacom chairman's sprawling mansion

Sumner Redstone (Getty) with 31 Beverly Park Terrace (Redfin)
Sumner Redstone (Getty) with 31 Beverly Park Terrace (Redfin)

In Los Angeles’ hot housing market, even big-ticket properties don’t stay on the market for long.
Hankey Group’s Rufus Hankey paid $27 million for the late Sumner Redstone’s Beverly Hills estate, less than a month after it hit the market, according to
Hankey, whose father Don Hankey founded the eponymous conglomerate, paid all cash for the 15,400-square-foot mansion. It was about $900,000 below the asking price for the property at 31 Beverly Park Terrace, according to the report.
Redstone died last year at 97, with an estimated net worth of $2.6 billion. He bought the mansion from actor Sylvester Stallone in 2002 for $14.5 million, and remained there until his death. Separately, Stallone in January listed his 21,000-square-foot mansion in the neighborhood.
The Beverly Park Terrace spread was built in the 1980s and includes five bedrooms and nine bathrooms. The 1.9-acre estate sits behind a gated driveway. There is a fitness wing with an indoor plunge pool and gym. There is also a wine cellar, along with a library and office, and a home theater.
The rear of the home opens to a lawn and infinity pool with views over the canyon and city. There is also a secluded spa and sunken tennis court.
Rufus Hankey is also chairman of software developer Nowcom. He recently divorced his wife Amber, who bought a $10 million mansion in Beverly Hills earlier this year, Dirt reported.
Meanwhile, Don Hankey in May paid $21 million for a home in Malibu.

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[Dirt] — Dennis Lynch