Megan Ellison drops $30 million on Hollywood Hills West mountaintop
Film producer Megan Ellison seems to taking after her billionaire father Larry Ellison, chief executive of Oracle Corp., when it comes to making shrewd real estate purchases.
First she sold her three-house compound in Hollywood Hills West for close to $47 million, pocketing a gain of about $14 million in the five years since she bought the first property. Now she has spent $20 million on a mansion and $10 million on adjacent land to create a nine-acre mountaintop estate in the same community.
The contemporary house, looking like a cross between an art museum and a church, was built in 1990. The city view home features nearly 10,000 square feet of living space containing guest apartments, a bar, a gym, a media room, a sauna, six bedrooms and eight bathrooms.
The grounds include a grotto swimming pool with a spa, a sand volleyball court and parking for 25 vehicles.
Ellison, 27, is the founder of Annapurna Pictures. Her producer credits include “American Hustle” (2013), “Lawless” (2012), “Zero Dark Thirty” (2010) and “True Grit” (2010).
She is also a producer on the recently released “American Hustle.”
Aaron Kirman of John Aaroe Group and Branden Williams and Rayni Romito of Hilton & Hyland were the listing agents for the house. Eric Purcell Lofthus of Hilton & Hyland had the land listing. Ben Bacal of Rodeo Realty represented Ellison.
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