From left: Alex Rodriguez and Jennifer Lopez have a new pad in Malibu, and Russ Weiner and his Beverly Hills mansion (Credit: Getty Images, Pinterest and The Agency)
In the celebrity real estate world, sellers continued to re-list properties that are becoming a struggle to sell in a market that’s starting to sway towards the buyer. A few multi-million-dollar sales also took place, the most notable of which was a $15 million purchase in Brentwood.
Rockstar Energy Drink founder Russ Weiner shaved $4 million off his pedigreed Beverly Hills mansion, now listed at $36 million. It first hit the market nearly two years ago for $49 million. Spanning 12,000 square feet, the French Normandy-style residence includes eight bedrooms, 14 bathrooms, a 60-foot long swimming pool, tennis court, home theater and gym. Weiner purchased the home from Madonna, and is rumored to have later rented it to Beyonce and Jay-Z.
A philanthropist and former executive at a nail polish company bought a new home in Brentwood Circle for $15 million, setting a new record in the gated community. Miriam Schaeffer, the ex-wife of the founder of OPI Products, bought the home from James Gordon, founder of Chicago-based private equity firm Edgewater Funds. In November, he listed the 10,200-square-foot home for nearly $19 million. Located on Woodburn Drive, the estate includes six bedrooms, nine bathrooms, a 15-seat theater, gym, office, a wine cellar that fits up to 7,000 bottles, and a swimming pool.
Pop star Harry Styles is struggling to unload his home, which recently re-listed for $6.9 million. That’s about $12,500 more than what he paid for it three years ago, the Los Angeles Times reported. The 4,400-square-foot Hollywood Hills home includes four bedrooms and six bathrooms. There’s also a movie theater, yoga studio and swimming pool. The singer is best known for his role in One Direction, which he’s since left to pursue a solo career.
In Malibu, power duo Jennifer Lopez and Alex Rodriguez have bought Jeremy Piven’s former home for $6.6 million. The three-story, 4,400-square-foot home on Malibu Road has 50 feet of beachfront and a suite of high-end conveniences. They include a sauna, soaking tub, steam shower, and a screening room. Piven, best known for his role on “Entourage,” had owned the home since 2004, when he paid $3.5 million for it.
Farther along the coast, a French-Saudi businessman is looking to unload his massive coastal ranch for $110 million. Mansour Ojjeh listed his 3,500-acre property in Santa Barbara after four decades. The ranch’s two Spanish-style villas — which are on opposite sides of the expansive property — are 10,000 square feet and 12,000 square feet and were built in 2014 and 2015. Both homes have helipads, five bedrooms, wine cellars, and guesthouses. The sale would also include 120 cows, an avocado and persimmon farm and about 20 other buildings on the property.