Update: Maloof Cos. President Joe Maloof has sold his Brentwood house for $4 million.
White trim, fencing and dormer windows give the two-story gated home a traditional look while hardwood floors, wainscoting and crown moldings continue the theme indoors. There are five bedroom suites, each with a walk-in closet and balcony, and 5 1/2 bathrooms in 6,100 square feet. The main entry hall has a dramatic black-and-white floor, high ceilings and a sweeping staircase lined with windows. An oval-shaped saltwater pool sits in the lushly landscaped backyard.
Maloof, 53, purchased the home newly built in 2004 for $4.75 million, public records show. The Mandeville Canyon-area property came on the Multiple Listing Service in October at $4,995,000.
He oversees the family business empire, which owns the Sacramento Kings and Monarchs basketball teams, the Palms Casino Resort in Las Vegas and other enterprises.
Susan Stark of Gibson International, Brentwood, had the listing, according to the MLS. Charles Pence of Coldwell Banker, Santa Monica, represented the buyer.Copyright © 2014, Los Angeles Times