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Megan Ellison sells Mount Olympus home to ‘Real Housewife’ Teddi Jo Mellencamp

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A corporate entity linked to film producer Megan Ellison. above. has sold a home in the Hollywood Hills to a trust connected to “Real Housewives of Beverly Hills” personality Teddi Jo Mellencamp.
(Mark Davis / Getty Images for Screen Actors Guild)

While her billionaire father Larry Ellison continues to collect homes in Malibu’s Carbon Beach, Megan Ellison appears to be paring down her portfolio in the Hollywood Hills.

A limited liability company connected to the film producer has sold a modern home in the Mount Olympus area for $4.07 million. The buyer was a trust linked to “Real Housewives of Beverly Hills” personality Teddi Jo Mellencamp and her husband, security technology entrepreneur Edwin Arroyave.

Wrapped in a facade of horizontal wood panels, the multilevel house has five bedrooms, six bathrooms and a little over 4,300 square feet of living space. Open-plan living spaces include a chromed-out kitchen, living and dining areas and den. The bathrooms and closets are finished in marble and zebrawood.

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The modern-style home in the Mount Olympus area has five bedrooms in more than 4,300 square feet of space.
(Realtor.com )
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Automatic Fleetwood doors on two levels extend the living space outside. Decking surrounds a swimming pool and spa.

The property had been listed at $4.395 million. It previously sold in 2015 for $5.25 million, records show.

Kurt Rappaport of Westside Estate Agency represented both buying and selling parties.

Ellison, 31, is the founder of Annapurna Pictures. Her producer credits include “American Hustle” (2013), “Lawless” (2012), “Zero Dark Thirty” (2010) and “True Grit” (2010). Last year she produced the films “Detroit,” “Downsizing” and “Phantom Thread.”

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Mellencamp, the daughter of musician John Mellencamp, this year joined the cast of Bravo’s “Real Housewives of Beverly Hills.”

neal.leitereg@latimes.com

Twitter: @LATHotProperty

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