Linda May of Coldwell Banker's Beverly Hills North office is the listing agent for the three properties.
A 36,000-square-foot house in Beverly Hills that came on the market two years ago at $68.5 million has been sold for $34.5 million. The seller was C. Frederick Wehba, who co-founded the international real estate investment firm BentleyForbes.
The French Palladian-style three-level house, which Wehba sold furnished, features a hand-carved limestone exterior, marble columns and bronze beveled double-pane windows and doors.
Columns continue inside the home, which is entered through a two-story circular grand foyer with dual staircases that is topped by a skylight. The formal dining room looks out on a wide terrace and can easily accommodate a table that seats 20. There are nine bedrooms, 13 bathrooms, underground parking for eight cars and gold-plated doorknobs.
The two acres of grounds include a central fountain, a pool with a pavilion entertaining area, a tennis court and gardens.
The house sits on part of what was once Beverly Hills co-founder Max Whittier's estate. In the late 1970s, owner and Saudi sheik Mohammed al Fassi drew the ire of neighbors by painting his white mansion green and its plaster statues of nudes in multicolor anatomical detail. That house was gutted by fire in 1980 and later razed. Eventually the lot was subdivided.
Wehba and his wife, Susan, bought the property for an undisclosed amount in 2004 and starting constructing the family home in 2006.
"They built it for well over $40 million to $45 million," said Mauricio Umansky, one of the listing agents. The Wehbas sold, Umansky said, because their plans changed as their family grew up.
Umansky of the Agency in Beverly Hills and Joyce Rey and Jade Mills of Coldwell Banker's Beverly Hills South office were the listing agents. Joan Cohen of Sotheby's represented the buyer.
Restaurateur moves near his meals
Wealth manager and restaurateur Kerry Moy is joining the live-in-downtown crowd at the Ritz-Carlton Residences.
He has purchased a one-bedroom, two-bathroom unit with a den/study. The sales price is not yet available on the public record, but similar homes are listed in the $1-million range.
The 1,303-square-foot condo takes in views of the swimming pool, the downtown skyline and L.A. Live. Moy, who owns and invests in restaurants as a sideline to his day job in financial management, customized the place by opening up the office area to capture the views and moving walls so his dinner guests also can enjoy the vista.
Moy said the unit is fast becoming his primary residence as the opening nears for his latest venture, Leka, a steakhouse and tapas eatery at 6th and Flower streets.
"I never would have thought of moving downtown until I saw the growth that is forecasted," he said. "The potential here is just huge."
His 11 Southern California restaurants include two others downtown — Wokano and the Green Hut Cafe — and two more are planned.
The Agency of Beverly Hills had the listing. Kevin Dee of Charles Dunn Co. in Los Angeles represented Moy.