Beverly Hills home of 'Shark Tank Australia' personality fetches $16 million

Australian entrepreneur and film producer Andrew Banks, who appears on the television series “Shark Tank Australia,” has cut a deal in Beverly Hills, selling his 10,522-square-foot home for $15.955 million.

That’s a solid return on investment for Banks, who paid $9.18 million for the half-acre property four years ago. He had asked as much as $17.495 million for the home, records show.

The home, which draws from European influences, was built in 1997 and extensively renovated during Banks’ ownership. Among details of note is a blue-hued living room, a music room with a wet bar and a gym/yoga studio. Two curving staircases flank the vaulted foyer, which is topped by a modern chandelier.

An office, a theater, an elevator, four fireplaces, seven bedrooms and 10 bathrooms also lie within the home. The master suite has a sauna and a private terrace with a view of the city lights.

Outdoors, tall privacy hedges shade a swimming pool and spa, a pool house with a sauna and an outdoor kitchen. A guest house sits at the rear of the grounds, and a motor court fronts the double-gated property.

James Harris, David Parnes and Marisa San Antonio, all with the Agency, were the listing agents. Marc Noah of Sotheby’s International Realty represented the buyer.

Banks has been a panelist on “Shark Tank Australia” since last year. He previously co-founded the recruitment company Morgan & Banks and the human resources company Talent2 International. His production company, Lila 9th Productions, was founded a year ago.

neal.leitereg@latimes.com

Twitter: @NJLeitereg

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