Residential compound once owned by Paramount Pictures finds buyer

Fries Estate under contract with a last asking price of $25M

Charles Fries (Getty Images, iStock)
Charles Fries (Getty Images, iStock)

The Fries Estate, a Beverly Hills compound once owned by Paramount Pictures, has found a buyer.

The property, located at 1000 Ridgedale Drive, went into contract earlier this month with a last asking price of $25 million, according to Zillow. It was first listed in August at the same price.

The compound, which sits on a 1.2-acre lot, was owned by Paramount between 1968 and 1972. The main house at the property is a 13,222-square-foot home with a 20-seat theater and a game room. The compound also includes a pool house designed by architect Paul Williams, who is credited for designing the homes of celebrities such as Frank Sinatra and Lucille Ball.

The seller is a trust managed by the family of producer Charles Fries, whose TV and film career spanned seven decades and saw him play a key role introducing the concept of made-for-TV movies. His credits include the 1970s series “Amazing Spider-Man” and the TV adaptation of the Ray Bradbury novel “The Martian Chronicles.” He died in April at the age of 92.

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The buyer for the property has not been publicly identified.

In 2012, Fries listed the compound for $19 million. It was taken off the market a few months after.

Recent residential deals in Beverly Hills include KISS singer Gene Simmons’ purchase of a $10. 5 million mansion and Ellen DeGeneres’ $47 million flip of a house she bought from Maroon 5 singer Adam Levine.

Fries and his wife, Ava, bought the six-bed, ten-bath home for $5.6 million in 1988. The gated property, which was built in 1931, includes roughly 10,200 square feet of living space, according to a previous report from the Wall Street Journal. It also includes a 2,000-bottle wine room, a gym and a primary bedroom suite with two terraces.

The Agency’s David Parnes and James Harris, who handled the listing, declined to comment.