In a prime pocket of Beverly Hills, just a literal stone’s throw from the longtime 90210 estate of Taylor Swift, this grand Spanish-meets-Mediterranean-influenced house was on the market for nearly a year, originally listed with an asking price of $33 million. The exceedingly lavish spread just sold for nearly $27 million—or $26.8 million, to be exact. Despite the discount, the deal still ranks among the priciest real estate transfers recorded in Los Angeles so far this year.
Records indicate the all-cash buyer is an entity tied to billionaire “Roger” Hua Liu, the vice chairman and CFO of Feihe International Inc. Headquartered in Beijing, Feihe is the largest and most famous supplier of infant formula milk in China, with approximately 20% of the country’s market share. Per Forbes, Liu’s personal net worth tops $1.4 billion.
The 15,000-square-foot house was completed in 2000 and lies just a short walk from Taylor Swift’s home.
Google Earth
According to records, the sizable 90210 property last sold back in 2011 for $17.5 million. The buyer then was Russian oligarch Sergey Sarkisov, who amassed a fortune in Russia’s insurance industry and later dabbled in film production.
If Sarkisov’s name sounds familiar, it’s probably because he also owned the smaller tennis court estate next door to this $27 million compound. Sarkisov’s smaller “spare” property was sold last year for $15 million, and the buyer was prominent Hollywood actress Mindy Kaling, who reportedly intends to radically redesign and refurbish the house.
Set high above the street, the giant house is mostly obscured from public view by a sea of trees and hedges.
Google Earth
As for Liu’s larger house next door, photos are scant and details remain sparse. But tax records confirm the mansion was built circa 2000 and is sited on a knoll-top lot of nearly 1.5 acres. Spanning more than 15,000 square feet of living space, the house is large even for this affluent neighborhood, and includes some 10 bedrooms and 13 bathrooms. Despite its size, the place is mostly invisible from the public roadway out front, carefully cloaked behind big gates, a very long driveway, and a forest-like canopy of mature trees and other shrubbery.
In addition to the main house, there’s a backyard swimming pool and a full-size tennis court on the south side of the There’s also a detached guesthouse or staff building of some sort on the premises, which itself stands some two or even three stories tall. In addition to garaging for four cars, the property features off-street parking for up to 15 more vehicles. The entire property is ringed by a collection of specimen trees, and there are also rose gardens and several patches of grassy lawn.
Source: Luxury - robbreport.com
