Skechers Owners Create $31M Estate in Hermosa Beach

The Greenberg family behind the Skechers shoe empire has stepped into a newly created compound in Hermosa Beach, valued at $31 million.

An affiliate of the Manhattan Beach footwear brand founded by Robert Greenberg and his son, Michael, bought a 2,800-square-foot home at 2900 Tennyson Place for $15.4 million in an off-market deal, according to the Robb Report.

The three-bedroom, four-bathroom home sits next to a 7,300-square-foot estate at 2906 Tennyson the Greenbergs bought in 2019 for $16 million.

The combined properties create a two-thirds-acre estate in a cul-de-sac with two homes at a purchase price of $31 million.

The Greenbergs’ latest South Bay home is a typical suburban beach house atop an attached two-car garage. The gray wooden rambler with white trim, built in 1946, has been updated. It recently listed for rent at $14,750 a month.

It has a window-walled living room with a fireplace, as well as built-in shelving and doors spilling out to the backyard.

Highlights include a couple of dining areas, a kitchen with blue-and-white cabinets and stainless appliances, and a den warmed by a Franklin stove.

The master bedroom has a fireplace, sitting area, walk-in closet, newly remodeled bath and access to a patio. Its tiered grounds have ocean views.

Five years ago, the Greenbergs bought the house next door from former ballroom dancer/vitamin company founder Esmeralda Gallemore and her husband Ron.

Built in 2015, the five-bedroom, seven-bath home has a pool, sports court, fire pit, seven-car underground garage and coastal views from Palos Verdes to Malibu.

According to Forbes, the Greenbergs are one of the nation’s richest families, with an estimated net worth around $1.5 billion.

— Dana Bartholomew