Kevin Garnett and his half-finished Malibu mansion, Beverly House, with “The Godfather” movie poster (Credit: Getty Images, Hilton & Hyland)
This week in celeb real estate featured big buys from notorious home-flippers, a perennially for-sale estate, and abandoned dreams of mansions-to-be.
In Malibu, retired NBA superstar Kevin Garnett is looking to dish his half-finished mansion for $19.9 million. Garnett bought the then-six-bedroom home for $6.4 million in 2003, the same year he won the NBA Most Valuable Player award. Still under construction and about a year away from completion, the 11,000-square-foot mansion boasts a large motor court, pool, spa and ocean views just across Pacific Coast Highway. There is room for a buyer to customize portions of the property.
Closer inland in Beverly Hills, an estate with an Old Hollywood background that has been for sale for more than a decade is back on the market, this time for the discounted price of $135 million. The Beverly House was once owned by William Randolph Hearst and featured (the exteriors) in “The Godfather.” The Spanish Colonial-style residence first came on the market in 2007 for $165 million, and was later re-listed for $195 million. It has a main house spanning 50,000 square feet, with more than 20 bedrooms, a tennis court, two screening rooms and sprawling outdoor terraces. Leonard Ross, an attorney and real estate investor, bought the property for less than $2 million over four decades ago.
In the same neighborhood, noted house-flippers Ellen DeGeneres and actress Portia de Rossi picked up a Beverly Hills manse for $15 million. The 5,100-square-foot home was the estate of the late actress Marjorie Lord. Built in 1962, the Hollywood Regency-style home has five bedrooms — all with private courtyards — as well as a covered patio, pool, spa and built-in barbecue. The home went up for sale in 2015 after Lord’s death, selling a year later for $8.3 million. DeGeneres and de Rossi hired Marmol Radziner to renovate the home.
A long drive away in the Coachella Valley, another home-flipping family, the Jenner-Kardashians, picked up yet another multi-million-dollar mansion. Kris Jenner, the matriarch of the reality TV and Instagramming family, scooped up an 11,000-square-foot home in a country club development for $12 million. Jenner’s one-story mansion has seven bedrooms, a spa and a 100-foot-long infinity edge pool. Developers Gala Asher and Coldwell Banker broker Ginger Glass, who was also the listing agent, were the sellers. They acquired the property in 2015 for $2.15 million. They listed it in June for $15 million.
Back in the heart of L.A., web-slinging actor Tobey Maguire put an undeveloped parcel of land on the market for $14 million. Maguire, who played “Spider-Man” several versions ago, bought the nearly one-acre hunk of land with his former wife, Jennifer Meyer, back in 2008 for $10 million, in an off-market deal. They didn’t end up building anything before the couple split up in 2016. The next owner could build a mansion 36 feet high with up to 15,670 square feet of living space. Before it was vacant land, the property was once the site of a home designed by John Byers where actress Greta Garbo and filmmaker H.C. Potter were residents.
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