There’s a certain kind of luxury real estate in Los Angeles that passes from celebrity to celebrity. Take the Beverly Hills estate that Ryan Seacrest is in escrow to buy for $37 million from Ellen DeGeneres and her wife, Portia de Rossi. The gated compound in Coldwater Canyon includes a 9,200-square-foot main house, plus three guest houses, a swimming pool and koi ponds.
Perhaps its most valuable amenity: privacy. L.A. has ordinances that prevent new construction of high walls and hedges, which means there’s a limited inventory of homes that can keep prying eyes at a distance. The glitterati tend to trade them among one another.
“The number one feature celebrities need in a house is....
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