Hedge fund manager Mark Spitznagel has sold his moat-surrounded house in Bel-Air for $10 million.
He bought the compound from dancer-singer-actress Jennifer Lopez and her then-husband, singer Marc Anthony, in 2009 for $6.2 million, according to public records. They had paid $6.25 million for the property in 2006.
The walled and gated house, built in 1941, sits on about three-quarters of an acre and has five fireplaces, hardwood and antique French stone floors, and a balcony looking out over the back lawn.
During his ownership, Spitznagel upgraded the audio/visual and electronics systems. There are five bedrooms and nine bathrooms in 7,357 square feet.
The compound includes a detached guesthouse/studio, a swimming pool and poolhouse, fountains, a putting green and an imported cobblestone motorcourt.
The renovated estate was the location of a Ron Paul political fundraiser last year.
Spitznagel, 42, is the owner-founder of Universa Investments, which is reported to have about $6 billion in assets. The sportsman is known for his bearish stock market investing and his “Austrian” (or so-called doomsday) investing approach. He owns a compound in Michigan as well as a farm.
Brett Lawyer of Hilton & Hyland/Christie’s International Real Estate handled the transaction, the Multiple Listing Service shows.
ALSO:Copyright © 2014, Los Angeles Times