Snap co-founder Bobby Murphy spends some green on Eddie Albert’s former home
The buyer of Eddie Albert’s former estate in Pacific Palisades has come into focus.
Bobby Murphy, co-founder and chief technology office of Snap Inc., paid the asking price of $19.5 million for the California hacienda, according to sources not authorized to comment publicly on the sale. The deal, which closed earlier this month, was made through a corporate entity.
Designed by John Byers and built in 1933, the well-preserved home is where Albert lived for nearly five decades. The film and television actor, who starred as lawyer turned farmer Oliver Wendell Douglas on the 1960s show “Green Acres,” once planted corn in the home’s frontyard.
More recently, the house had been owned for more than a decade by noted landscape designer Jay Griffith.
The house, which maintains its period style, has more than 4,800 square feet of living space that includes a two-story foyer, a living room with an oversized fireplace, a dining room, five bedrooms and six bathrooms. A vintage pub room is awash in rustic wood paneling.
In addition to the main house, the three-quarter-acre estate includes several outdoor pavilions and a swimming pool surrounded by lawn. Views take in the surrounding canyon, mountain and ocean.
Murphy, 29, founded the social media and technology company Snapchat in 2011 with Evan Spiegel and Reggie Brown. Later rebranded as Snap, the company is among L.A.’s biggest in the tech field with a market capitalization of more than $20 billion.
Albert, who died in 2005 at 99, earned Oscar nominations for his performances in the films “Roman Holiday” (1953) and “The Heartbreak Kid” (1972). His “Green Acres” character also appeared on the shows “The Beverly Hillbillies” and “Petticoat Junction.”
Fran Flanagan of Coldwell Banker Global Luxury and Brett Lawyer of Hilton & Hyland, an affiliate of Christie’s International Real Estate, were the listing agents. Todd Stein of Campbell Wellman Properties represented Murphy.
Twitter: @LATHotProperty
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