She’s just 23 years old, but Gianna “Gigi” Caruso is already the CEO and founder of a successful clothing company with the sort of finger-on-the-collective-pulse clout many more established apparel moguls would kill to have. Founded in 2017, Caruso’s Gigi C swimwear line is a pricey hit, with her $200 bikini sets having racked up a host of celebrity fans that include Eva Longoria, January Jones, Selma Blair and Elizabeth Banks. And it’s no wonder that the brand’s continued growth, coupled with its owner’s chic personal style, has turned Caruso a popular social media influencer.
Of course, it’s also worth noting that Caruso is the only daughter of Rick Caruso, the high-profile real estate developer and onetime L.A. mayoral candidate who has built and owns some of the country’s most successful shopping malls. The elder Caruso’s personal net worth tops $5.3 billion, per Forbes.
So it’s hardly a surprise that Gigi Caruso can afford some very nice things. The recent USC grad recently forked out $9.5 million for a stunningly refined house in prime Pacific Palisades, the seaside neighborhood well known for the upscale, and Rick Caruso-developed, Palisades Village outdoor shopping area.
The 100-year-old heritage olive trees arguably upstage the elegant house itself.
Built in 2007 but extensively renovated in 2019, the contemporary quasi-Spanish-Mediterranean villa was in demand, with Caruso ponying up $30,000 over the asking price just to secure the keys. Gnarled, century-old olive tees line the long private driveway, which is guarded by an electronic gate and butts up against an attached two-car garage. Also on tap outside are tranquil gardens and a private studio space ideal for the at-home artist.
Inside, the long and narrow house packs a generous seven bedrooms and seven baths into nearly 6,000 square feet of sun-drenched living space. Medium brown hardwood floors neatly contrast against the pale decor, a neutral palette filled mostly with whites and some pops of light gray.
The main floor features numerous sets of French doors and multiple fireplaces.
On the main floor are dual fireplaces and a dizzying number of open living and dining areas, plus two guest bedrooms and a fashionably updated chef’s kitchen. Upstairs is the primary suite, where a private balcony overlooks the lush backyard, along with four additional family bedrooms.
Out back, the 0.33-acre lot is defined by its oversized swimming pool, which neatly connects the main house to a detached casita. Guests will enjoy dining al fresco amid the manicured gardens, along with a built-in bbq center and a separate lounge area with a fire pit overlooking impressive canyon views.
Privately surrounded by hedges and eucalyptus trees, the backyard is a resort-style sanctuary.
Records reveal the seller home’s was James Barker, a trucking mogul and private equity veteran who recently paid $16.5 million to upgrade into a significantly larger and more lavish estate elsewhere in the Palisades. As for Caruso, she’s certainly not new to the area. Her parents have long owned one of the largest properties in L.A.’s Brentwood Park community; Vanity Fair recently described the palatial Caruso family estate as “a creamy Italianate compound of rolling grasses, waterfalls, a pond, a rowboat, a tennis court, and an outdoor bar.”
Source: Luxury - robbreport.com
