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Donald Abbey’s Bradbury estate, once listed for $78.8 million, sells for $24.4 million

Donald Abbey’s former Bradbury mansion | Hot Property
(Jonathan Chang / XStudio)

A Bradbury estate formerly owned by commercial real estate magnate Donald Abbey has sold for $24.38 million.

The sprawling estate, once listed by Abbey for $78.8 million, was deeded over to an asset management company last year and returned to market in February at $39.986 million. More recently, the 35,000-square-foot, Palladian-style mansion was listed for $29.995 million, records show.

Abbey spent nine years building the massive estate, which occupies an eight-acre promontory with city and ocean views. Among details of note are vaulted 40-foot-high ceilings, domes with hand-painted frescoes and a 2,000-bottle wine cellar. The library spans two floors, and the elevator is outfitted in oak paneling.

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Two master suites are among the seven bedrooms and 10 bathrooms.

Outside, manicured grounds center on a cross-shaped swimming pool accompanied by shooting waterfalls, a spa and a pool house. Hand-fitted and hand-cut rock walls line the 600-foot driveway. A temperature-controlled pond was once stocked with rainbow trout.

Elsewhere on the property is a subterranean firing range.

Joshua and Matthew Altman, the Altman brothers of Douglas Elliman, were the listing agents. Runjing Chen of Coldwell Banker Residential Brokerage represented the buyer.

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Abbey in 1990 founded the investment and management company bearing his name. The privately-held firm, which dabbles in multi-tenant commercial properties, has multiple offices in Northern and Southern California.

neal.leitereg@latimes.com

Twitter: @LATHotProperty

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