Armand Marciano, who co-founded the denim powerhouse Guess Inc., has sold his Beverly Crest-area estate after several years on and off the market for $32.67 million.
The three-story main house, built in 2001, is designed for large-scale entertaining with such amenities as a professional screening room, a wine cellar, a game room, a gym and an elevator. The garage has parking for 11 cars.
The nearly 25,000 square feet of living space includes 10 bedrooms, 10 full bathrooms and 12 powder rooms/bathrooms.
A mosaic-tiled swimming pool, a pool/guest house, an outdoor/indoor kitchen with a pizza oven, a tennis court and pavilion, orchards and fountains complete the grounds.
Although he had priced the Mediterranean-style mansion at $63 million in 2012 and at $54.5 million two years ago, those figures included more acreage.
Jeffrey Hyland of Hilton & Hyland, an affiliate of Christie’s International Real Estate, was the listing agent. Denise Moreno, also with Hilton & Hyland, represented the buyer.