Fashion designer relists Beverly Hills mansion for $32M

Park’s 1231 Lago Vista Drive first put on market in 2016

Los Angeles /
Dec.December 15, 2021 10:00 AM
1231 Lago Vista Dr, Beverly Hills (Zillow)

Fashion designer Charles Park has relisted a Beverly Hills mansion that he designed himself.

The 12,800-square-foot home, at 1231 Lago Vista Drive, was first listed in 2016 at a $43.9 million price that included over-the-top details such as an original Andy Warhol artwork in the front entryway and more than $1 million worth of furnishings. The property has now resurfaced with a more modest price tag of $32 million —and no mention of the Warhol — after being taken off the market for nearly a year, according to a listing on Zillow.

Park bought the property in 2013 for $4.2 million, records show. Ownership of the home has since been transferred to an entity called Lago Vista, LLC, which Park also controls. The seven-bed, eleven-bath mansion was previously announced as Park’s first project in home design. Park, who headed brands such as Sugarlips, Pure Sugar and Jonesy, built the mansion with Samuel and Paul Oh, and architect Magdalena Glen-Schieneman.

“This is a family home, not just a party house,” Park said in a 2016 press release. “My goal wasn’t to impress a buyer walking through for an hour. Each decision was made to delight the buyer who will live in this house for a lifetime.”

The mansion contains features such as a six-foot Moooi chandelier, a private elevator with custom bank vault doors, a 600-bottle wine cellar and a home theater. The property also has a fitness center next to the master bedroom and a swimming pool.

Revel Real Estate’s Ben Bacal and Douglas Elliman’s Josh Altman are the brokers in charge of the listing. Bacal said that the property was previously delisted to qualify for a 1031 exchange requirement, and it was rented out for a year for nearly $100,000 per month. “The market went up since it was last listed. We decided to list more in line with the comps and come out with a price of $32 million this time around due to the… lack of inventory,” Altman said.





    Related Articles

    arrow_forward_ios
    27930 Pacific Coast Highway (Zillow,iStock)
    Metro Networks founder cuts $30M off Malibu getaway
    Metro Networks founder cuts $30M off Malibu getaway
    A rendering of 10130-10136 Adella Avenue and Newport Ventures’ Dave Mossman and Kemp Bros. Construction's Greg Solaas (LinkedIn, Kemp Bros., CBRE)
    South Gate lot entitled for 78 resi units up for sale
    South Gate lot entitled for 78 resi units up for sale
    780 Tortuoso Way, Los Angeles (Hilton Hyland)
    Sliced, diced, repriced: $40M chop above Hotel Bel Air
    Sliced, diced, repriced: $40M chop above Hotel Bel Air
    10 Beverly Park (Redfin)
    Link to Putin associate on sale of Beverly Hills mansion
    Link to Putin associate on sale of Beverly Hills mansion
    Dennis Chernov (Chernov Team)
    Keller Williams team defects to The Agency
    Keller Williams team defects to The Agency
    10979 Chalon Road and Dan Bilzerian (Zillow, Getty)
    ‘Influencer’ exits, Bel-Air mansion back on market
    ‘Influencer’ exits, Bel-Air mansion back on market
    The home at Sea Level Drive in Malibu (Zillow)
    Malibu mansion in contract on $50M ask
    Malibu mansion in contract on $50M ask
    Neil Shekhter and 21021 Vanowen Street in Canoga Park (Google Maps, Shekhter by Kevin Scanlon)
    Shekhter sells Canoga Park apartments
    Shekhter sells Canoga Park apartments
    arrow_forward_ios

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

    Loading...