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Column Mark Spitznagel sells former J.Lo estate in Bel-Air for $10 million

FinanceEconomy, Business and FinanceMutual FundsJennifer Lopez

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.

Tuscan-inspired in Pacific Palisades

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:

Gerard Way makes a quick home sale in Tarzana

Josh Groban lists Malibu compound at $5.5 million

Karina Smirnoff of 'Dancing With the Stars' buys in Hollywood Hills

Copyright © 2014, Los Angeles Times
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FinanceEconomy, Business and FinanceMutual FundsJennifer Lopez
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