Bob Myers, former general manager of the Golden State Warriors, has closed the priciest home sale in Santa Monica this year, The Real Deal has learned.
Myers, through a limited liability company called Bridgeview Investors, paid $19.2 million for 512 and 518 Georgina Avenue, a seven-bed, 11-bath mansion near Palisades Park. The transaction stands as the most expensive deal in Santa Monica this year, according to data from Zillow.
Myers, along with his wife Kristen, completed the purchase on May 30, property records show. To fund the acquisition, Myers took out a $9.5 million loan from JPMorgan Chase Bank.
The property, described in listing sites as an “incredible compound with every conceivable amenity,” contains a 10,000-square-foot main house and an “entertainment pavilion” designed by Marmol Radziner, the architect behind The Beaudry, the tallest residential structure in California. Amenities at the property include a theater, a swimming pool, a putting green and a game room.
The sellers are Bennet Van de Bunt and Laura Livingston Fox. Van de Bunt was the former CEO of direct marketing company Guthy-Renker. After leaving the firm, he transitioned to venture capital, holding stakes in firms such as Cypress Creek Renewables, Paramount Equity, Rosewood Homes and LoanPal. Last year, he purchased a $25 million Brentwood Park mansion from Ellen Bronfman, a member of the family that founded the Seagram beverage company.
Myers, who won the NBA’s Executive of the Year Award twice, stepped down from his roles as the Warriors’ general manager and president of basketball operations last year. During his 12-year tenure, the team won four championships and reached the playoffs nine times. Shortly after leaving the Warriors, he transitioned into broadcasting, working as a basketball analyst for ESPN.
Westside Estate Agency’s Kurt Rappaport, the agent in charge of the listing, declined to comment.
The post Former Warriors GM makes priciest Santa Monica home buy this year appeared first on The Real Deal.
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