Top sales: Britney Spears buys a loaded 21-acre estate for $7.4 million
The homes of a denim mogul, a pop music singer and a pair of retail fashion executives were among the most expensive residential real estate transactions in the greater Los Angeles area last week.
$32.67 million — Beverly Crest
Armand Marciano, cofounder of the denim brand Guess Inc., sold a three-acre estate in the 900 block of Kip Drive in a deal that played out outside the Multiple Listing Service. The nearly 25,000-square-foot home had been listed for $37.9 million earlier this year, records show.
Designed for large-scale entertaining, the sprawling estate was completed in 2001 and features such amenities as a professional screening room, wine cellar, game room, gym and elevator. There are 10 bedrooms, 11 full bathrooms and 12 powder rooms/bathrooms across three floors.
Outdoors, parklike grounds center on a mosaic-tiled swimming pool and adjacent pool/guest house. An indoor/outdoor kitchen with a pizza oven, tennis court, orchards, fountains and 11-car garage complete the grounds.
Jeffrey Hyland of Hilton & Hyland, an affiliate of Christie’s International Real Estate, was the listing agent. Denise Moreno, also with Hilton & Hyland, represented the buyer.
$11 million — Malibu
A newly built contemporary-style home in the 24000 block of Malibu Road sold after coming on the market in February for $13.5 million. More recently, it had been listed at $11.995 million, records show.
Entered through a courtyard with a fountain, the 3,188-square-foot home has retractable walls of glass, an elevator and a glass- and steel-enclosed staircase. Three floors of living take in unobstructed ocean views.
Public areas done in wide-plank oak floors include an open-plan living room with a wall fireplace, a formal dining room and a kitchen with a large center island. There are four bedrooms and five bathrooms in all.
Exterior features include a wide patio with a raised spa and a rooftop deck with an outdoor fireplace and living room. Private access to the beach below completes the coastal setting.
Chris Cortazzo and Brian Merrick of Coldwell Banker Residential Brokerage were the listing agents. Sandro Dazzan and Irene Dazzan-Palmer, also of Coldwell Banker, represented the buyer.
$8,842,569 — Beverly Hills
Lucky Brand Chief Executive David DeMattei and executive vice president Patrick Wade sold a 1920s Italianate-inspired home in the 700 block of North Rexford Drive for about $610,000 less than the most recent asking price. The veteran retail executives bought the house for $6.072 million four years ago, public records show.
Set on more than a third of an acre, the renovated two-story home features stenciled wood floors, antique hardware and custom built-ins throughout 5,957 square feet of living space.
Grand-scale formal areas, a chef’s kitchen with an adjoining breakfast room, a library with a wet bar and a wine cellar are among the features. There are five bedrooms and 5.75 bathrooms including a separate guest house complete with living room and kitchenette.
Formal gardens, fountains, an outdoor kitchen with a pizza oven and a swimming pool and spa make up the grounds.
George E. Penner and Joshua Gaunya of Deasy/Penner & Partners shared the listing. David Offer of Berkshire Hathaway HomeServices California Properties and David Gray of Partners Trust Beverly Hills repped the buyer.
$8.6 million — Hancock Park
In the 300 block of South Hudson Avenue, an English-style Tudor on about an acre sold after relisting in August for $9.195 million. It previously sold for $7.15 million two years ago, records show.
Built in 1926, the two-story home is distinguished by such Old World details as leaded glass windows, detailed wall paneling and parquet wood floors. There are fireplaces in the living room and master bedroom.
Within the 7,520 square feet of space are formal living and dining rooms, a media room, an office, six bedrooms and six bathrooms.
A north-south tennis court, a swimming pool and spa, a putting green and a one-bedroom guest house make up the grounds.
Marc Noah of Sotheby’s International Realty was the listing agent. Richard Klug, also of Sotheby’s, represented the buyer.
$7.5 million — Malibu
In the 3100 block of Seafield Drive, a modern-style home on a bluff overlooking Broad Beach sold for $395,000 less than the asking price.
Centering on unobstructed ocean views, the home spans two floors with walls of glass, steel-beam accents, two wine cellars and an elevated viewing deck.
More than 4,200 square feet of living space includes open-plan formal areas, a chef’s kitchen with a wrap-around countertop, an indoor sauna, four bedrooms and 3.5 bathrooms.
Outdoors, tiered grounds of about a third of an acre feature a changing room and bathroom, an in-ground spa, mature gardens and multiple sitting areas.
Andrew Stern of Coldwell Banker was the listing agent. Sean Landon, also of Coldwell Banker, repped the buyer.
$7.4 million — Thousand Oaks
Pop music star and Las Vegas headliner Britney Spears paid $95,000 less than the asking price for an Italian villa-style home in an enclave originally developed by actors Sylvester Stallone and Bruce Willis.
Set behind a gated drive, the 21-acre property centers on a 12,464-square-foot main house with 35-foot tall ceilings, an oak-paneled library, a 3,500-bottle elevator and a wine cellar. There are five bedrooms and eight bathrooms plus a detached pool house with a kitchen.
A three-green golf course with sand traps, a lighted tennis court, an orchard and an infinity pool and spa make up the sprawling hilltop grounds.
Nicole Van Parys and Kevin Nguyen of Engel & Voelkers were the listing agents, the Multiple Listing Service shows.
$7.4 million — Brentwood
An Italian villa-style home built on a property once owned by actor Ving Rhames sold in the 1700 block of Mandeville Lane for $488,000 less than the asking price. It previously sold for $4.175 million in 2002, records show.
The two-story home in a cul-de-sac was built in 2002 and features large expanses of grass, a swimming pool and spa and cabana on more than a third of an acre.
Interiors done in French limestone and mahogany feature a grand foyer with a sweeping staircase, open-plan living and dining rooms, a home theater and an office in about 7,000 square feet of space. The master suite has his and hers closets and private balcony overlooking the grounds for a total of five bedrooms and six bathrooms.
David Kramer and Bjorn Farrugia of Hilton & Hyland, an affiliate of Christie’s International Real Estate, were the listing agents. Hugh Evans of Partners Trust Brentwood represented the buyer.
$7.228 million — Santa Monica
An Italian Revival-style home on half an acre in the 300 block of Alta Avenue sold after relisting in August for $7.75 million. The property previously went for $90,000 more than four decades ago, records show.
Trimmed in white with wide overhanging eaves, the early 1900s home recently received a landmark designation by the city of Santa Monica and features period details, tiled fireplaces and two sun porches.
Two floors of living include large- and small-scale formal rooms, an updated kitchen, four bedrooms and 3.25 bathrooms in 2,519 square feet of space. A detached guest house/art studio has an additional bedroom en suite.
Bruce Mitchell and Antoinette Carr of Berkshire Hathaway were the listing agents. Tami Pardee of Pardee Properties repped the buyer.
These are the top residential real estate sales reported on the combined L.A./Westside Multiple Listing Service for the period beginning Oct. 4 and ending Oct. 10.
Twitter: @NJLeitereg
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