Prime gross sales: Jeffrey Katzenberg’s $125-million house sale was L.A.’s priciest in August

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A media mogul, a pop famous person and a tv competitors decide have been among the many largest movers and shakers making waves in Los Angeles’ high-end actual property market in August. Right here’s a more in-depth have a look at the costliest houses offered final month in L.A. County.

$125 million — Beverly Hills

Quibi founder Jeffrey Katzenberg offered his property on Loma Vista Drive to a restricted legal responsibility firm in a deal accomplished off market.

Katzenberg bought the six-acre property in 2009 for $30 million and had a 26,000-square-foot house constructed on the location. Accomplished in 2012, the U-shaped home is approached by a tree-lined driveway that ends at a big motor courtroom. Layers of gardens, garden and mature timber unfold across the property, which overlooks the historic Greystone Mansion.

The $125-million deal is the third-priciest single-family house sale in California historical past, trailing Jeff Bezos’ $165-million purchase of David Geffen’s Beverly Hills property and Lachlan Murdoch’s $150-million purchase of Bel-Air’s “Beverly Hillbillies” mansion.

Kurt Rappaport of Westside Property Company dealt with each ends of the deal.

$39 million — Malibu

Actual property agent Christopher Cortazzo pulled up anchor in Malibu, promoting his bluff-top house on Cliffside Drive to a company entity in a deal accomplished off market.

Cortazzo purchased the property in 2017 from the property of late Hollywood expertise agent Stanley Kamen for $17.1 million. Positioned within the Level Dume space, the oceanfront property encompasses greater than an acre of grounds and has direct seashore entry. The unique house, a Mediterranean villa courting from 1966, was razed after Cortazzo’s 2017 buy.

Cortazzo, an agent with Compass, represented himself within the deal. Rappaport represented the client.

$25.8 million — Beverly Park

Newlyweds Justin Bieber and Hailey Baldwin made a significant improve to their marital house, paying $16.2 million lower than the unique asking value for a mansion behind the gates of Beverly Park.

Justin Bieber and Hailey Baldwin have upgraded their living quarters in gated Beverly Park, paying $25.8 million.

Justin Bieber and Hailey Baldwin have upgraded their residing quarters, paying $25.8 million for an enormous mansion in gated Beverly Park.

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The couple’s new place has almost 11,000 sq. toes of inside area, a tennis courtroom and a swimming pool. A two-story entry with checkerboard marble tile kicks off the residence. Seven bedrooms, 10 bogs, a movie show and a health club with mirrored partitions fill out the ground plan.

The couple have been beforehand residing in an updated Monterey Colonial-style home within the Beverly Hills space.

Rappaport was the itemizing agent. Brothers Matt and Josh Altman of Douglas Elliman represented Bieber and Baldwin.

$25.8 million — Brentwood

A newly constructed house on Fordyce Street offered to a belief for the very best value within the Westside neighborhood this 12 months.

Behind the gates of Brentwood Circle, the Mediterranean-inspired showplace was Brentwood’s fourth sale north of $20 million this 12 months and the costliest transaction since final summer time when musician Lindsey Buckingham offered his place for $28 million.

Designed by architect William Hefner, the 9,300-square-foot house has a glass-walled entry, a vaulted-ceiling lounge and a kitchen clad in marble and oak. Partitions of home windows carry gentle into the formal areas, whereas bi-folding doorways within the household room open to an enormous loggia with a hearth and eating space.

The five-bedroom, seven-bathroom home sits on a 1.77-acre lot with garden and landscaping. Elsewhere on the grounds is a swimming pool and solar deck.

Gary Gold of Hilton & Hyland was the itemizing agent. David Kramer, additionally with Hilton & Hyland, represented the client.

$25 million — Beverly Hills

Earlier than breaking his again in a scooter accident, Simon Cowell was making a break to the financial institution after promoting his house on North Palm Drive in an off-market deal.

The “America’s Received Expertise” creator and decide noticed fairly a return on funding within the sale. Information present he purchased the property in 2004 for $8 million.

The standard-style home was extensively up to date throughout Cowell’s possession and options greater than 9,300 sq. toes of residing area crammed with white partitions and black accents. The 2-story flooring plan features a health club, spa services and a solarium. An exterior cabana is outfitted with a retractable roof.

The home sits on greater than three-quarters of an acre with a lap swimming pool, garden and landscaping.

$23.6 million — Hollywood Hills

Olympic committee organizer Casey Wasserman, who in June sold his Beverly Hills estate to David Geffen, paid $1.4 million lower than the asking value for an ultramodern house on Robin Drive.

Designed by Xten Structure and accomplished this 12 months, the 12,000-square-foot showplace is museum-like with its gallery partitions and sparsely embellished residing areas. Field-like ceilings impressed by Stanley Kubrick’s “2001: A House Odyssey” lend a futuristic vibe to the house.

Along with 5 bedrooms and 7 bogs, the home features a movie show, a health club and a lounge with a moist bar. The lower-level health club takes in canyon views.

Outdoors, the half-acre property holds a swimming pool, a spa and a landscaped courtyard. There’s additionally a subterranean eight-car storage.

Stephen Shapiro of Westside Property Company represented Wasserman. Branden and Rayni Williams of Hilton & Hyland held the itemizing.

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