Michael Feinstein and a main room in the Los Feliz mansion and Kevin Durant and the home in Malibu (Credit: 31504 Victoria Point Road)
It appears as though the spring buying season is in full swing. Two of this week’s biggest deals took place in Beverly Hills — one of which marked the priciest deal in the city in 2019. There were also a series of new listings on the market, including the home of Golden State Warriors superstar Kevin Durant.
The Warriors power forward listed his Malibu home for $13.5 million. Located in glitzy Broad Beach, the four-bedroom pad includes a media room, elevator, movie theater and six bathrooms within 5,100 square feet of space. Durant, who has won two championships with the Warriors, paid $12 million for the home last year. It’s unclear whether this listing has anything to do with his future as a California resident, given that he can opt out of his contract at the end of the season.
In Los Feliz, a multimillion-dollar home has become the latest victim of a softening luxury market. Musician Michael Feinstein dropped the ask on his Tudor Revival estate by 27 percent to $18.9 million. The 15,200-square-foot property spans three stories, and includes six bedrooms and 6.5 bathrooms, a gym, screening room, and wine cellar. Feinstein and his husband Terrence Flannery have owned the home since 1998, when they paid $2.5 million for it.
The founder of Eyemart Express sold his Beverly Hills spec home for $35 million, nearly 40 percent lower than it originally listed for in 2015. Doug Barnes built the 14,280-square-foot property, located just a five minute walk from the iconic Beverly Hills Hotel, with developer Gala Asher. It includes seven bedrooms, 11 bathrooms, a saltwater pool and billiards room. An LLC is tied to Hristo Yordanov Hristov, CEO of a Bulgarian freight company. Despite the steep discount, the deal marks Beverly Hills’ most expensive residential deal this year.
For Mattel’s new chief executive, this is no play house. Ynon Kreiz has paid $15.7 million for a 10,100-square-foot Beverly Hills home, which includes six bedrooms and 10 bathrooms. The newly-built spec home also features a movie theater, wine cellar and swimming pool, Variety reported. Kreiz left the entertainment industry and joined Mattel about a year ago, where he’s been championed for boosting the toymaker’s profits.
Retired baseball star Adrian Beltre sold his 9,000-square-foot home in Arcadia for $6.5 million. Beltre, who spent seven seasons as Dodger; and his wife Sandra, bought the six-bedroom home in 2012 for $5 million. The buyers are Thomas McKernan Jr. and Judith McKernan. Thomas McKernan is president and CEO of four companies affiliated with the Automobile Club of Southern California. Beltre retired in November with more than 3,000 hits and 477 home runs in 21 seasons in the Major Leagues.
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