The Malibu estate of West Los Angeles real estate agent Kurt Rappaport has quietly been sold to billionaire investor Daryl Katz for US$85 million – an all-in price that includes the furnishings, says a spokesperson for Katz.
The off-market transaction ties that of US business magnate David Geffen’s compound, which sold last year for the same price, for the most expensive residential sale recorded in the beach community.
The estate sits on a bluff of more than five acres (two hectares) just north of Pepperdine University on Pacific Coast Highway.
Designed by Malibu-based Scott Mitchell Studio, the monolithic-vibe house was designed to capture the ocean-view setting while maintaining a clean and elegant form.
Horizontal lines, black granite tile and board-formed concrete walls are among features of the 9,000 sq ft house.
Expanses of floor-to-ceiling windows are centred toward the coastline.
The home, completed in 2012, has six bedrooms and seven bathrooms, tax records show.
There are two guest suites plus an infinity-edge swimming pool.
A large swathe of lawn and minimalist landscaping complete the coastal setting.
Katz, 56, has history in LA real estate. Three years ago he paid US$34.5 million for the onetime Art
Linkletter estate in Bel-Air and in 2016 bought a nearby home once owned by Arthur Marx, the son of Groucho Marx, for US$9.1 million.
The Canadian built a fortune in the pharmacy business before buying the Edmonton Oilers National Hockey League hockey franchise in 2009.
In 2015, he entered the Hollywood arena, teaming up with Joel Silver to form the production house Silver Pictures Entertainment.
SHEEN’S SHERMAN OAKS HOME FOR SALE
Charlie Sheen is ready to call it a wrap in Mulholland Estates, in California.
The actor of Two and a Half Men fame has sold two homes in the gated Sherman Oaks community in the last three years.
Now he has put his personal residence in the area on the market at US$9,999,999.
Set on half an acre in guard-gated Mulholland Estates, the Mediterranean spot opens to a two-storey foyer flanked by a winding staircase.
Living spaces in the 8,932 sq ft interior include a formal dining room, a wood-beamed living room, a bonus room, an office and a theatre room with a wet bar.
A miniature food elevator runs orders from the kitchen to the master suite, which has its own living and screening rooms.
In all, there are seven bedrooms and seven bathrooms.
Two swimming pools, covered lounges and a gazebo fill the backyard.
Sheen, 52, has a long list of film credits that include Wall Street (1987), Major League (1989) and The Three Musketeers (1993).
CLIPPERS STAR COURTS BUYER
DeAndre Jordan, of the Los Angeles Clippers NBA basketball team, has listed his home in Malibu for sale at US$6.5 million.
The two-storey contemporary house sits at the end of its own gated driveway in the guard-gated Serra Retreat neighbourhood.
Extensively remodelled, the house features high ceilings, wide-plank wood floors and full smart-home and security systems.
Massive pocket doors open to a covered terrace for indoor-outdoor entertaining.
Living and dining rooms, a movie theatre, five bedrooms and 5.5 bathrooms lie within the 4,600 square feet of interior space.
A wet bar finished in reclaimed-wood siding sits off the kitchen, which has been upgraded with sleek custom cabinetry and a broad island.
Off the second-floor master suite is a private balcony.
Outside, the fenced and tree-lined backyard centres on a swimming pool with a tiled spa.
A patio with built-in seating, a detached guest suite, lawns and professional landscaping fill out the more than half-acre setting.
Views from the property take in surrounding mountains and tree lines.
Jordan, 29, has provided a steady presence at centre for the Clippers since being selected in the second round of the 2008 draft.
The 6-foot-11 inch (2.13-metre) Jordan has twice led the NBA in total rebounds and was an All-Star selection in 2017.
LATE PARAMOUNT BOSS’S HOME FOR SALE
The Holmby Hills home of late Paramount Pictures chairman and chief executive Brad Grey is for sale at US$77.5 million.
Called the Grey Estate, the property on Carolwood Drive centres on a modern-farmhouse-style residence with five bedrooms within about 12,800 square feet of living space.
Clad in weathered wood panels, the Howard Bracken-designed home sits behind wood- and steel-framed gates and is surrounded by olive trees, orchards and gardens.
A raised bridge connects the main house to a two-storey recreation facility outfitted with two gyms, a cold plunge and a sauna with a blue-bottomed swimming pool.
At the heart of the home is a barn-inspired and vaulted-ceiling great room that holds an open kitchen and dining area. A sunroom features walls of steel-framed windows, and the den holds an office and a wet bar. There’s also a home theatre.
The wings of the home are positioned to look onto a central courtyard with a reflecting pool and large fireplace feature. Nearby, a slatted-wood trellis for filtering sunlight tops an outdoor dining room.
An organic fruit orchard and a vegetable and herb garden sit adjacent.
Grey, who died last year at 59, oversaw such film blockbusters as the Star Trek and Transformers during his tenure at Paramount.
As a talent manager and a producer, Grey helped bring The Larry Sanders Show and Real Time With Bill Maher” to HBO.
TYCOON’S DAUGHTER SEEKS PENTHOUSE TENANT
Isabel Goldsmith, the jet-setting daughter of late British-French tycoon Sir James Goldsmith, has listed her penthouse in Westwood for rent at US$14,000 a month.
The top-floor residence is in a mid-century-modern-style building built in 1962.
It features nearly 3,300 sq ft of living space, vaulted and arching ceilings and walls with curved windows that take in city and ocean views.
Wraparound terraces provide ample space for outdoor entertaining.
Living spaces include a large foyer that opens to a living room with a fireplace and to a formal dining room.
A Persian-blue island and backsplash give the kitchen a retro vibe.
The master suite, one of two bedrooms, has a separate sitting room and walk-in closet.
Goldsmith is the founder of Las Alamandas, a 16-suite boutique resort on Mexico’s Pacific coast.
She divides her time between London, Paris, Mexico and the Westside of Los Angeles.