Last year, Joe Ravitch warned Variety of further upcoming media upheaval and the looming prospect of a “good recession.” But that hasn’t stopped the veteran media financier — his Raine Group famously took home $65 million in fees for advising the WWE on its recent takeover by the Endeavor Group — from investing lots of money into Los Angeles real estate. Ravitch and his wife Sonya were the buyers who recently paid $25 million for a rather stunning Pacific Palisades compound with a very Hollywood history.
Built in 1937 and designed by famed architect Paul R. Williams, the Tudor-esque home was reportedly occupied Sylvester Stallone during the 1970s. In 1997, it was acquired by prolific and Emmy-winning producer Steven Bochco, who created some of the most beloved television shows of all time — NYPD Blue, Hill Street Blues and Doogie Howser, M.D., to name a few.
Sited on the Pacific Palisades Riviera, the compound is equipped with a lighted tennis court.
Anthony Barcelo
Bochco utilized the 1.4-acre spread as a main residence until his 2018 death, after which it was inherited by his son Jesse. The younger Bochco put the Palisades Riviera estate up for grabs last summer, asking $35 million, but it took a year and several big price chops before Ravitch came calling.
Completely walled and surrounded by an enormous hedge, the very private compound features two gated driveways and a two-story, mansion-sized main house that was recently renovated and painted a crisp white throughout, per the listing. But the real star of this show are the property’s park-like grounds, which also encompass a detached guesthouse, a full-size tennis court and a poolside cabana. All told, the place offers seven bedrooms and 10 baths in nearly 11,000 square feet of living space.
The kitchen has a pizza oven, marble countertops and a breakfast nook with garden views.
Anthony Barcelo
In the main house, indoor highlights include a modernized kitchen kitted out with a wood-burning pizza oven and stone countertops, plus a library with a built-in bookshelves, a family room with a drop-down projector screen, a wine cellar and a separate guest wing. The detached guesthouse has a bedroom and bathroom, plus its own kitchen and gym.
Outdoors, the rolling grounds include vast swaths of grassy lawn, mature trees and a sparkling pool set well away from the main house. Scattered throughout the property are several spots ideal for al fresco dining and entertaining.
The lush grounds span 1.4 fully landscaped acres.
Anthony Barcelo
Ravitch, 61, is relocating to L.A. from New York, where he owns a home in Manhattan’s Gramercy Park neighborhood. That three-bedroom apartment sports contemporary finishes and is currently listed for sale, asking $5 million.
The listing was held by Aaron Kirman, Morgan Trent and Dalton Gomez of Aaron Kirman Group at Compass.
Click here for more photos of the Bochco Estate.
Source: Luxury - robbreport.com
