Hot Property: Rocker Lindsey Buckingham takes a bow in Brentwood
It took Lindsey Buckingham all of about a month to find his own way out of Brentwood. The former Fleetwood Mac songwriter and guitarist has sold his custom estate in the area for $28 million.
Encompassing 1.2 acres, the double-gated estate centers on a 10,000-square-foot traditional-style home built in 2007. That’s three years after Buckingham bought the property for $6.6 million.
A spacious motor court leads to the home, which features a two-story stairwell tower with a fireplace. There’s also a formal living room, formal dining room, billiard room and indoor-outdoor family room with herringbone flooring and white-painted beamed ceilings.
Topped by an antique chandelier, the center-island country kitchen adjoins a breakfast nook. Other amenities include a gym, guest quarters and, unsurprisingly, a recording studio.
The master suite, one of eight bedrooms and 10 bathrooms, gets its own wing on the main level with dual walk-in closets, a lounge and dressing room. Upstairs, a lofted office takes in views of the verdant grounds.
A trellis-topped patio with a fireplace adjoins a lawn with a playground out back. Hedges line a tennis court, and elsewhere, a pool house with a rooftop deck overlooks a swimming pool.
A California native, Buckingham joined Fleetwood Mac in 1975 with Stevie Nicks and was inducted into the Rock and Roll Hall of Fame as a member of the group in 1998. One of the bestselling bands of all time, Fleetwood Mac scored hits with “Go Your Own Way” and “Never Going Back Again,” both written by Buckingham, plus “Landslide,” “Dreams” and “The Chain.”
Jeff Hyland of Hilton & Hyland and Jade Mills of Coldwell Banker Residential Brokerage held the listing. Daniel Brown of Compass represented the buyer.
A new place to park it
June gloom is over — at least in the red-hot realm of real estate. After two homes traded hands for more than $40 million in May, Uber co-founder Garrett Camp has paid about $72.5 million for a newly built Beverly Hills mansion.
Details and photos of the home are scarce. However, satellite images and property records show that the home was recently rebuilt from the studs up.
Spanning more than an acre in the Trousdale neighborhood, the property features a custom-built residence of more than 12,000 square feet. The house includes a total of seven bedrooms as well as a newly added guesthouse.
The estate last traded hands for $13.7 million in 2014 after listing for $14.995 million. Back then, it held a one-story home of 10,000 square feet, a detached guesthouse, a tennis court and a swimming pool, all of which have either been removed or replaced.
The off-market deal came just days before the $120-million sale of the Manor in Holmby Hills and marks an upward trend in L.A. County’s housing market as the summer buying season gets into full swing.
“Generally, the summer is when families are more mobile because their kids aren’t in school, so they have more time to move. That leads to more robust sales activity,” said UCLA real estate professor Paul Habibi.
There has been no shortage of eight-figure sales this year, but the high-end market has cooled a bit compared with 2018. The first six months of the year have seen 62 transactions of $10 million or more, down from 86 at this time last year. Fourteen have topped $20 million, down from 29 last year.
Before this transaction, only two properties had sold for $40 million or more in 2019, including Adam Levine’s Beverly Hills abode that sold to Ellen DeGeneres and Portia de Rossi. There were five such sales around this time last year.
The upper echelon has been even quieter, and many estates asking $100 million or more have languished on the market. Developer Bruce Makowsky dropped the price of his extravagant Bel-Air spec house to $150 million this year after finding no takers at $250 million.
Camp, 40, co-founded Uber with Travis Kalanick in 2009 and remains a board member. His other ventures include web-discovery service StumbleUpon and start-up studio Expa. Forbes lists his net worth at $4.2 billion.
Affluent stretch sees more action
Above Beverly Hills in the ultra-exclusive enclave of Billionaires Row, one of the last empty lots has sold to entertainment mogul David Geffen for $30 million.
Set on a ridge top, the property enjoys unobstructed views from downtown Los Angeles to the Pacific Ocean.
The vacant land comes with plans for a 24,500-square-foot modern mansion. In addition to seven bedrooms and 14 bathrooms, the mock-up from architectural firm Shubin Donaldson includes a bowling alley, nightclub, bar, theater, salon, gym and a 140-foot swimming pool that spans the length of the estate.
The one-acre property listed in May 2018 for $39 million but was trimmed to $35.995 million a few months later.
It’s surrounded by some of the most prized estates in Beverly Hills. In 2014, Minecraft creator Markus Persson shelled out $70 million for an extravagant 23,000-square-foot spec house built by Bruce Makowsky on the same street, and last year, businessman Evan Metropoulos paid $65 million for the former home of late comedian Danny Thomas.
Nile Niami’s Opus, a golden-gated hyper-luxury mansion on the market for $60 million, sits across the street.
Branden and Rayni Williams of Hilton & Hyland held the listing. Kurt Rappaport of Westside Estate Agency represented Geffen.
Geffen, 76, is known for founding the music labels Asylum Records, Geffen Records and DGC Records, which is now known as Interscope Geffen A&M Records. In 1990, he co-founded DreamWorks Pictures with Steven Spielberg and Jeffrey Katzenberg.
Two years ago, he soldin Malibu’s Carbon Beach for $85 million before selling for $8 million a few months later.
Spinning up a sale
Derek Davies is tuning into the Los Feliz real estate market. The founder of Neon Gold Records — whose roster includes artists such as Charlie XCX and Marina and the Diamonds — is asking $1.05 million for his bungalow on the south side of the neighborhood.
It’s a short stay for Davies, who paid $985,000 for the place last year.
In addition to a hillside home, the property holds a detached garage that’s been fashioned into a soundproof music studio.
Through a decorative front door, the 1920s abode opens to 1,200 square feet of artsy interiors. An open floor plan combines a living room and dining area with crisp white walls and hardwood floors. Past that, the kitchen adds an eye-catching mix of walnut cabinetry, quartz countertops and brass finishes.
A trio of bedrooms finish off the main level. Downstairs, a bonus room with white-painted beamed ceiling adds some flexibility.
The space opens to a patio with a hot tub and dining area. A turf lawn and citrus tree provide a splash of color.
Marlene Rogliano of Sotheby’s International Realty holds the listing.
Davies co-founded Neon Gold Records with Lizzy Plapinger, the lead vocalist of MS MR, in 2008. Over the years, the label’s roster has included Passion Pit, Haim, Icona Pop and Ellie Goulding.
Estate was once “Partridge” star’s roost
An Encino home once owned by actress Shirley Jones and her late husband, actor-comedian Marty Ingels, is for sale at $4.195 million.
The contemporary-vibe home, built in 1957 and remodeled in 2017, sits behind gates at the end of a long driveway. Inside, features include an open floor plan, vaulted ceilings, skylights and three fireplaces. Bi-folding doors off the common rooms open to a covered patio.
A massive six-burner double stove anchors the chef’s kitchen, which has an island and a breakfast bar. The 5,940-square-foot house also has five bedrooms and six bathrooms including a master suite with a walk-in closet and a soaking tub.
The nearly three-quarter-acre lot contains a swimming pool and spa, two courtyards, ponds and waterfall features. A trellis-topped barbecue island sits near the pool area.
Jones, 85, is a singer and actress known for roles in classic movie musicals “Oklahoma!” and “The Music Man” as well as the TV show “The Partridge Family.” A long list of credits for Ingels, who died in 2015 at 79, includes voicing the title character on the Hanna-Barbera cartoon “Pac-Man.”
Their ownership of the property spanned more than a decade, beginning in the early 2000s.
Carl Gambino of Westside Estate Agency and Shaye Sullwold of the Cosmopolitan Group hold the listing.