Hot Property: An oceanfront score for Dallas Mavericks owner Mark Cuban
Mark Cuban, the billionaire, television personality and owner of the Dallas Mavericks basketball franchise, has a new vacation spot to spend his off seasons. He’s paid $19 million for a home in Laguna Beach.
The contemporary-style home is found within Montage, a resort community that overlooks the ocean. Built in 2010, the stone-finished house has a gated courtyard entry, high ceilings, mahogany finishes, six bedrooms and 7.75 bathrooms. There are bi-folding walls of glass in the common areas for indoor-outdoor living and entertaining.
A center-island kitchen, two family rooms, an office/den and a formal dining room exist within about 7,900 square feet of interior space. On a lower level, reached by a floating glass staircase, a media room boasts a wall of flat-screen TVs. A wet bar and a glass-enclosed wine cellar complete the space.
Outside, ocean views and lush landscaping create a backdrop for a swimming pool and a fire pit. A built-in barbecue area sits nearby.
The property had been on the market since January with an asking price of $25.995 million.
Cuban, 60, co-founded the internet radio company Broadcast.com, which was sold to Yahoo during the dot-com boom of the 1990s for $5.7 billion in stock. He purchased a majority stake in the Mavericks in 2000. Under Cuban’s ownership, the team won an NBA title in 2011 and is now valued among the top franchises in the league.
He has appeared on the investment reality series “Shark Tank” as a panelist since 2011.
John and Tyler Stanaland of Villa Real Estate were the listing agents. Tim Smith of Coldwell Banker Residential Brokerage represented Cuban in the deal.
One fewer resolution in the new year
Kristen Wiig of “Saturday Night Live” fame has sold a Silver Lake home she owned in a trust for $5.225 million, or $100,000 over the asking price.
The Midcentury Modern-style house, which dates to 1954, is named the Martin Residence for architect Albert P. Martin.
Set up from the street on a sloping hillside, the two-story house opens with a red front door to a great room. Original sconces, oyster-colored cement floors and a concrete-block fireplace are among character details of the renovated and restored home. Walls of floor-to-ceiling windows bring in views from the front and back.
The 3,515-square-foot floor plan also holds an office, a light-filled kitchen, a den, three bedrooms and three bathrooms. A movie theater, reached by a sliding wood wall, is a new addition. A separate guest space holds a studio and a sauna.
Outside, wrap-around decking surveys the Silver Lake Reservoir. There’s also an infinity-edge swimming pool with a spa.
Wiig, 45, was a fixture on “Saturday Night Live” from 2005 to 2012. Since then, the actress has starred in films including “Skeleton Twins,” “Ghostbusters,” “Masterminds” and “Downsizing.”
George Penner of Deasy/Penner/Podley and Bryony Atkinson of Maisonre Real Estate were the listing agents. Peter Kinnaird of Compass represented the buyer.
Wildfire spurs sale of wine ranch
Actor Johnny Galecki, famous for his roles in the sitcoms “Roseanne” and “The Big Bang Theory,” is looking to shed some land in Santa Margarita. His 160-acre ranch is on the market for $850,000.
The listing arrives after a wildfire tore through the property last year.
Entered through custom rock gates, the hilly terrain now holds a 4,000-square-foot workshop, an unfilled pool with a swim-up bar, a silo and a vineyard with five acres of Cabernet Sauvignon grapes and two acres of Zinfandel. Before the fire, the ranch held a 3,588-square-foot log cabin.
The workshop, with concrete floors, includes an unfinished two-bedroom apartment that spans 1,000 square feet. A solar panel system heats the pool.
Pomegranate, orange and nut trees fill out the landscape, which also includes several ponds.
Galecki, 43, has been nominated for an Emmy and a Golden Globe for his role on “The Big Bang Theory.” His credits on the silver screen include “National Lampoon’s Christmas Vacation,” “In Time” and “Rings.”
It’ll likely be a loss for the actor; records show he bought the property seven years ago for $1.2 million.
Ericka Brewster of Central Coast Realty Group holds the listing.
‘Shark’ swims into new waters
Robert Herjavec has found his latest investment in Newport Beach. The businessman and “Shark Tank” star has purchased a waterfront home through a trust for $7.95 million.
Taken down to the studs and rebuilt last year, the contemporary-style house has harbor views from its spot on the Balboa Peninsula.
The two-story house features a center-island kitchen, a dining area and a sunny living room anchored by a floor-to-ceiling stone fireplace on the main level. White walls pair with French oak floors throughout 3,550 square feet of interior.
All four bedrooms are found upstairs, which is reached by a cable-railing staircase. The master suite looks out on the water through picture windows and features custom tile and a freestanding tub in the bathroom.
Pocketing doors lead outside, where a wood deck descends to a turf lawn. A grill and private dock complete the waterfront scene.
A native of Canada, Herjavec founded internet security software integrator BRAK Systems in 1990 and sold it to AT&T Canada a decade later for $30.2 million. He’s appeared as a judge in all 10 seasons of “Shark Tank,” a reality show where entrepreneurs pitch their businesses to investors including Herjavec, Mark Cuban and Kevin O’Leary.
Tara Foster Shapiro of Pacific Sotheby’s International Realty was the listing agent. Andrew McDonald of the Agency represented the buyer.
Shaq-sized cut for baller estate
NBA legend Shaquille O’Neal has put his massive lakefront mansion outside of Orlando, Fla., back on the market for $21.99 million, a roughly $6-million reduction from the original asking price.
In many ways, the oversize estate mirrors the larger-than-life basketball great. Encompassing 3 acres of grounds, the compound has a total of 12 bedrooms and 13 bathrooms across 31,000 square feet. Highlights include a 6,000-square-foot basketball court, a 17-car showroom and a 95-foot-long swimming pool dubbed “Shaq-apulco.”
Superman, one of the big man’s many nicknames, swoops in throughout the property. His logo accents the movie theater and master suite bed, as well as a fish tank set into a mural that depicts a Shaq-driven semi-truck.
Outside, palms top a waterfall-fed pool and spa flanked by an outdoor kitchen. A tiki-style cabana leads to a private dock with two covered boat slips. A 10-foot privacy wall surrounds the property.
O’Neal, 46, played for six teams during his storied career, winning three NBA championships with the Lakers and one with the Heat. In 2011, he joined TNT’s “Inside the NBA” program as an analyst.
Jared Ringel, Chris Franciosa, and Dustin Fealy of the Agency Collective hold the listing.
Desert spot seeks new lord
In Palm Springs, a custom tennis retreat built for late British tycoon James Hanson is now in play at $4.8 million.
The 10,000-square-foot estate was constructed in 1982 and outfitted with the businessman’s lavish design tastes. Save for a newly added swimming pool, fire pit and outdoor catering kitchen, the home still wears the same colorful style.
Vibrant colors fill the interior, including gold walls in the foyer and pink floors in the living room. Shades of green accent the formal dining room, billiards room and sun room — with the latter two rooms each hosting a wet bar. A total of six bedrooms and eight bathrooms are spread throughout.
The house sits on a desirable 1.47-acre lot in the Old Las Palmas neighborhood. A main house, a guesthouse and a lighted tennis court make up the estate. There’s also a four-car garage with a workroom.
“Everybody in Palm Springs is in search of at least an acre, and this has the fit,” said John Nelson of Nelson-Moe Properties. Nelson holds the listing with fellow agent Cat Moe. Nelson-Moe Properties is an affiliate of Coldwell Banker Residential Brokerage.
Hanson, along with his business partner Gordon White, bought up companies throughout the ’70s and ’80s and built a conglomerate worth $28 billion. He died in 2004 at 82.
His son Robert sold the home in 2007 for $3.1 million, records show.
neal.leitereg@latimes.com | Twitter: @LATHotProperty
