By Lauren Beale, Los Angeles Times
2:01 PM PDT, November 2, 2012
The Holmby Hills mansion where Michael Jackson lived at the time of his death in 2009 has sold for $18.1 million. The property, recently priced at $23.9 million, had been for sale for as much as $38.5 million before the pop icon took up residency.
The buyer is Steven Mayer, a senior managing director for Cerberus Capital Management, according to several media reports. The sellers are Roxanne Guez and her husband, Hubert, chief executive of clothing manufacturer Ed Hardy.
The French chateau, designed by Richard Landry and built in 2002, features a theater, a wine cellar with a tasting room, an elevator and a gym with a spa. There is a guesthouse with stained-glass doors near the swimming pool for a total of seven bedrooms, 13 bathrooms and nearly 17,200 square feet of living space.
Jackson was leasing the 1.2-acre estate for $100,000 a month when he died after receiving the anesthetic propofol for insomnia. His doctor, Conrad Murray, was found guilty of involuntary manslaughter last year and sentenced to four years in prison.
The 50-year-old was preparing for his "This Is It" concert tour during his time living at the mansion.
Mauricio Umansky of the Agency in Beverly Hills handled both sides of the transaction.
On Twitter @LATHotProperty
Copyright © 2014, Los Angeles Times