Wednesday, July 23, 2014
Inquirer Daily News

Los Angeles home sells for a record $102M

Think $1 million or $2 million is a lot for a home? Think again.

Los Angeles home sells for a record $102M

Think $1 million or $2 million is a lot for a home? Think again.

Try $102 million.

That was the price an unnamed billionaire paid for Los Angeles’ Fleur de Lys Estate, a record-breaking price for the county, the Los Angeles Times reports.

According to The Times, three billionaires engaged in a bidding war for the 50,000-square-foot estate, which was sold by socialite and philanthropist Suzanne Saperstein. The winner closed in 10 days in an all-cash deal that included antique furnishings.

Although it’s unclear who is the purchaser of the nearly five acre trophy estate in Holmby Hills, a western neighborhood in L.A., The Times obtained a copy of the grant deed that shows the taxes will be mailed to the law firm of Maron & Sandler, which is located at the Milken Institute in Santa Monica.

The massive French-style estate comes with 12 bedrooms, 15 bathrooms, a 3,000-square-foot wine cellar, a movie theater, a two-story wood paneled library, a ballroom that can fit 500 people, and much, much more.

The Times describes the property in greater detail:

“Completed in 2002, the compound stretching between Carolwood and Angelo drives was years in the making. Purchases of the adjacent parcels that make up the estate took five years and an additional six years were spent in various stages of construction, from groundbreaking to fruition.

Wrought-iron gates open to a 600-foot-long tree-lined driveway that leads to a cobblestone courtyard in front of the house. Just inside the front door is a marbled-floored two-story entry hall topped by a gold-leaf paneled ceiling. A pair of staircases lead upstairs, and a doorway flanked by columns looks out to the back yard and gardens.

Inspired by Vaux-le-Vicomte, a palace outside Paris, the mansion has also been likened to miniature Versailles surrounded by formal gardens, mature trees and a soccer-field size expanse of lawn. The 4.6 acres of grounds include two motor courts, a swimming pool and spa complex and a tennis court.”

[Los Angeles Times]

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