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    Billionaire Heir to the Hyatt Hotel Fortune Lists Bel Air Home For $195 Million

    Exterior Listed with KURT RAPPAPORT (310) 995-3214 of westside estate agency inc. LOCATION: 1261 Angelo Drive, Beverly Hills, California SQUARE FOOTAGE: 50,000 BEDROOMS & BATHROOMS: 16 bedrooms & 27 bathrooms PRICE: $195,000,000 This modern mega home is owned by Anthony Pritzker, a member of the Pritzker family and an heir to the Hyatt Hotel fortune. He […] More

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    Billionaire Heir to the Hyatt Hotel Fortune Lists Beverly Hills Home For $195 Million

    Exterior Listed with KURT RAPPAPORT (310) 995-3214 of westside estate agency inc. LOCATION: 1261 Angelo Drive, Beverly Hills, California SQUARE FOOTAGE: 50,000 BEDROOMS & BATHROOMS: 16 bedrooms & 27 bathrooms PRICE: $195,000,000 This modern mega home is owned by Anthony Pritzker, a member of the Pritzker family and an heir to the Hyatt Hotel fortune. He […] More

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    Diddy Lists Los Angeles Home For $61 Million (PHOTOS)

    Listed with Kurt Rappaport (310) 995-3214 of Westside Estate Agency Inc. Sean “Diddy” Combs has just listed his Los Angeles, California estate for $61 million. Located at 200 S Mapleton Drive, the 1+ acre estate features a main house and guest house. He purchased it back in 2014 for a little over $39 million. There […] More

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    Former MLB Owner’s Pebble Beach Estate Goes for a Record $45 Million

    Though it was never officially on the market, former San Diego Padres owner John Moores’s lavish Pebble Beach home just sold for a whopping $45 million, making it the priciest residential transaction in Monterey County to date, surpassing the $40 million transfer of a historic Carmel Highlands estate to Brad Pitt in 2022. As first reported by The Real Deal, the buyer of the aptly named Masterpiece on 18, which was most recently promoted with a $55 million ask, is an as-yet-unnamed entity tied to the LLC WhiteApple DE.

    “We are delighted that we could orchestrate a successful discreet marketing and sale of our client’s estate, one of only five prestigious homes located on the 18th hole of this iconic golf course,” said Tim Allen of Coldwell Banker Realty, who repped Moores in the deal. “The allure of unparalleled amenities and spectacular ocean views awaiting the new owners has propelled this closing to an all-time record high for Monterey County home sales.”

    The home is nestled alongside what is perhaps the most recognizable finishing hole in golf.

    Sherman Chu

    Records show Moores and his now ex-wife Rebecca acquired the property for $7 million in 1994, the same year the wealthy Texas-born software company founder and venture capitalist purchased a majority share of the Padres Major League Baseball franchise from Tom Werner Group for around $80 million (Moores sold the team for $800 million in 2012 and was voted into the Padres Hall of Fame last year). The couple subsequently had an existing home razed and enlisted Texas-based Robert E. Griffin Architects to design a brand-new limestone and domed copper roof structure, which was completed in 1996.

    Nestled amid a nearly 1.8-acre parcel overlooking the 18th fairway of the exclusive Pebble Beach Golf Links and Pacific Ocean, the striking residence features a total of five bedrooms and 10 baths sprawled across 10,500 square feet of single-level living space decked out with radiant-heated stone floors, plaster walls, warm wood accents, and vast expanses of glass. There’s also a four-car tiled and heated garage, plus a guest suite.

    A spacious fireside living room offers up a view of a grand cypress and the crashing waves of the Pacific.

    Sherman Chu

    Additional highlights include a sleekly designed kitchen outfitted with dual islands and top-notch appliances, along with a handsome fireside office and a sumptuous primary suite boasting a luxe bath. Outdoors, the landscaped grounds host a putting green, a greenhouse, a pond flanked by bear sculptures (though the bears are not part of the sale), and a duo of large stone-clad patios—one in the front with a fireplace and a bronze trellis and the other out back holding a kitchen setup and two fire-pits.

    Click here for more photos of John Moores’s Pebble Beach home.

    Sherman Chu More

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    Kanye West’s Tadao Ando-Designed Malibu House Sells at a $36 Million Loss

    Back in fall 2021, Kanye West doled out a whopping $57.3 million in cash for an oceanfront Malibu house designed by noted Japanese architect Tadao Ando. Shortly afterward, the music mogul-turned-Yeezy fashion designer controversially gutted the residence in preparation for a redesign, ripping out all the windows, doors, and interior finishes before changing his mind and flipping the vacant and uninhabitable concrete shell back on the market this past January at a steep $53 million. Alas, there were no takers, and within a few months the price had been slashed all the way down to $39 million. Now, after nearly three years languishing and exposed to the elements, the property is finally in escrow to be sold for $21 million—a staggering $36 million less than West paid.

    As first report by The Real Deal, the discount-minded buyer is Belwood Investments, a California-based real estate crowdfunding firm that’s been flipping homes since 2018. The new owner plans to raise at least $5 million to restore the unfinished property to its original state over the next 12 to 16 months and then put it back up for sale at around $40 million.

    “We are incredibly excited about the acquisition of this property,” said Belwood founder and owner Steven “Bo” Belmont via a press release. “This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu. This acquisition exemplifies Belwood Investments’ commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors.”

    The Malibu Road home before West stripped it of windows, doors and all interior fittings.

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    Originally designed and built for financier and art collector Richard Sachs by the Pritzker Prize-winning Japanese architect, the 4,000-square-foot residence was completed in 2013 in collaboration with the architecture firm Marmol Radziner using 1,200 tons of concrete and 200 tons of reinforced steel. Though current photos are scarce, listings show the house was designed with four bedrooms and five baths in just over 4,000 square feet, with roughly 1,500 square feet of outdoor decks providing ocean views, but it’s currently devoid of plumbing, electrical, HVAC, and interior finishes.

    A broker price opinion report prepared for Belwood by Rugiero estimates the property’s final value once restored will top $50 million, while other brand-new or freshly rehabbed homes along this same stretch of sand typically go for around $20 million. However, the Brutalist structure is one of only a handful of U.S. buildings designed by the 82-year-old Ando, who’s been called “Hollywood’s favorite starchitect” and whose homes are regarded as “the hottest must-have among the super wealthy.” 

    In 2023, Jay-Z and Beyoncé paid $190 million for a much larger Malibu estate designed by Ando in a deal that remains one of the most ever paid for a California home. Kim Kardashian is planning to build an extravagant Ando-designed vacation mansion near Palm Springs, and Slack co-founder Stewart Butterfield and his wife Jen Rubio bought Tom Ford’s Ando-designed ranch in New Mexico in 2021 for $40 million.

    West, who remains a successful record producer and one of the best-selling musicians of all time, seems to be shifting away from real estate ownership. His other L.A. property, in Calabasas, where his now shuttered Donda Academy was located, has fallen into a state of neglect, and when he’s not out traveling the globe with his typically scantily clad wife Bianca Censori, he frequently bunks up for months at a time in some of the poshest hotels in Los Angeles, including the Chateau Marmont and the oceanfront Nobu Ryokan in Malibu. More

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    A Hollywood Screenwriter Asks $4.2 Million for His Coastal California Retreat

    Nestled alongside rocky cypress-lined cliffs draped over the Pacific, homes in Central California’s affluent Carmel Highlands enclave have long drawn well-known characters ranging from Vertigo star Kim Novak to millionaire adventurer Steve Fossett. One particularly craggy thoroughfare, just off Highway 1, also holds the oceanfront beach house where Sharon Stone’s character Catherine Tramell resided in the film Basic Instinct. And nearby is the landmark D.L. James estate, which was purchased in 2022 by Brad Pitt for a whopping $40 million.

    Now another particularly eye-catching structure in the neighborhood long owned by Richard Outten has hit the market, asking $4.25 million. Records show the Hollywood screenwriter—probably best known for his work on the 2012 Warner Bros. adventure film Journey 2: The Mysterious Island, starring Michael Caine, Dwayne Johnson, Vanessa Hudgens, and Josh Hutcherson—originally paid $990,000 for the dark wood-sided abode a little over 14 years ago, back in spring 2010.

    An open-concept great room is comprised of a living and dining area, plus an updated kitchen.

    Sherman Chu

    RELATED: This $8 Million Spanish-Style Charmer in Carmel Will Make You Brad Pitt’s Neighbor

    Completed in the early 1950s and on the market for only the third time in the past 70 years, the midcentury modern house is tucked away on a little over a third of an acre of gated land sited near beaches and the charming downtown village of Carmel-by-the-Sea. Inside, a total of three bedrooms and two full baths can be found in almost 1,800 square feet of “preserved and stylishly updated” living space overlooking views of Bird Island, Point Lobos, and beyond.

    Highlights include an open-concept great room displaying a living area resting beneath a high whitewashed wood-beam ceiling and sporting a wood-burning brick fireplace flanked by window seats, as well as built-in cabinetry and a wall of sliding glass doors opening to a rear patio. A dining spot connects to the tiled kitchen, which is outfitted with a breakfast bar and stainless Bosch, Frigidaire, and KitchenAid appliances.

    An expansive rear patio is ideal for relaxing and entertaining guests.

    Sherman Chu

    RELATED: Clint Eastwood’s Onetime Seaside Retreat in California Is Up for Grabs at $21 Million

    Next to the kitchen is a workspace with an integrated desk, while a hallway passes through a breezeway before emptying out at a primary bedroom with a shower-equipped bath and a laundry area. A separate wing on the opposite end of the house has a bath and two bedrooms, one of which has been converted into a wood-paneled office; and outdoors, the woodsy grounds host meandering pathways winding past sustainable succulent gardens and an attached one-car garage.

    Per the listing, which is held by Tim Allen of the Tim Allen Properties Team with Coldwell Banker Realty in Northern California, there’s also private beach access.

    Click here for more photos of Richard Outten’s house.

    Sherman Chu More