CBS Head Honcho Leslie Moonves Buys Paul Allen’s Malibu Estate On Carbon Beach For $28.8 Million

    Posted by Cristin  |  April 15, 2014  |  7:52 am  |  Tags: , , , , , , , , , , ,

    Wikipedia

    CBS Chairman and CEO Leslie Moonves

    Malibu, CA

    Home Stats

    5 bed, 7 bath, 5,794 square feet, oceanfront

    Price

    $28,800,000

    From one mogul to another!

    CBS Chairman and CEO Leslie Moonves and his wife, TV personality Julie Chen, have just purchased a beachfront Malibu estate from Microsoft co-founder (and billionaire) Paul Allen, paying $28,800,000. The deal closed on April 2, 2014 – just in time for summer!

    The massive home has 5 bedrooms, 7 bathrooms, 5,794 square feet, and sits on prime beachfront property on Malibu’s exclusive and coveted Carbon Beach. Allen purchased the home on June 9, 2010 for $25,067,500.

    Moonves’ house is next door to the John Lautner house formerly owned by Courteney Cox and David Arquette, which they sold to former Los Angeles Dodgers owners (and now divorced) Frank and Jamie McCourt on July 31, 2007 for $27,250,000.

    Leslie and Julie are upgrading their lives in Malibu, trading a 3 bedroom, 4 bathroom, 3,014 square foot home on La Costa Beach for their new Carbon Beach digs. Their former Malibu estate is on the market with a $12,995,000 price tag.

    Moonves also owns a $14 million mansion in Beverly Hills and a condo in Pacific Palisades.

    Images via Bing and Google maps.

      Media Titan Rupert Murdoch Spends $57.25 Million On Swank NYC Penthouse

      Posted by Cristin  |  February 21, 2014  |  8:50 am  |  Tags: , , , , , , , , ,

      Forbes

      Rupert Murdoch

      New York, NY

      Most Known For

      Newscorp chairman and legendary businessman

      Home Stats

      6,850 square feet, 5 bedrooms, 5.5 bedrooms

      Price

      $57,250,000

      The newly-single media mogul billionaire Rupert Murdoch is under contract to purchase the stunning penthouse at New York City’s One Madison building for $57.25 million.

      As first reported by the Murdoch-owned Wall Street Journal, he is purchasing the top four floors of the chic One Madison building – the very same NYC condo building where Tom Brady and Gisele Bundchen just bought a place for $14 million.

      According to WSJ’s report, Murdoch bought floors 57 to 60, which total 10,160 square feet, from the developer, Related Companies. His purchase includes two units: a 6,850-square-foot triplex penthouse that had been on the market for $50 million (and toured by multiple A-list celebs, millionaires and billionaires), and a three-bedroom apartment on the floor below that had been listed for $16.5 million. Murdoch’s two One Madison apartments are unconnected, but could easily be combined, according to a representative from the developer.

      The penthouse has five bedrooms, 5.5 bathrooms and a 586 square foot outdoor wraparound terrace. It also has an internal elevator. Rupert will be able to put his own personal touches on the place before he moves in – he bought it in ‘raw condition’ and will install his own finishes and decor.

      Prior to this incredible purchase, Murdoch resided in a Fifth Avenue penthouse that he paid $44 million for in 2005. He and his wife of 13 years, Wendi Deng, recently divorced and she is keeping that residence as a part of the divorce settlement.

      Right as the news of his divorce was coming to light, Murdoch purchased a 13-acre winery estate in Bel Air, CA for $28.8 million.

      Images via Related Properties.

        Billionaire Elon Musk Buys His Neighbor’s Home in Bel Air For $6.75 Million

        Posted by Cristin  |  November 1, 2013  |  7:44 am  |  Tags: , , , , , , , , , , , ,

        Forbes

        Elon Musk

        Bel Air, CA

        Most Known For

        Tesla CEO, also at the helm of SpaceX; previously made a fortune on PayPal

        Home Stats

        3 bedrooms, 4.5 bathrooms, 2,756 square feet, pool and private guest cottage, views

        Price

        $6,750,000

        Billionaire business mogul Elon Musk has just paid $6.75 million for his across-the-street neighbor’s home in ritzy Bel Air, California.

        Musk, who has amassed billions via Tesla, SpaceX and PayPal, currently lives across the street in a home he purchased on January 1, 2013 for $17,000,000. His current home has 7 bedrooms, 9 bathrooms and has 20,248 square feet of interior living space and incredible outdoor spaces.

        According to property records, his brand new purchase, just a few hundred feet away, was purchased on October 24, 2013 for $6,750,000.  The ranch-style home is substantially smaller than his existing abode, with just 3 bedrooms, 4.5 bathrooms and 2,756 square feet, with an oval pool and private guest cottage. The home was the longtime residence of “Charlie and the Chocolate Factory” actor Gene Wilder, who lived there from 1976-2007.

        What it lacks in size, Musk’s new property makes up for in opportunity. The home is the perfect location to develop a dream property. It sits on a one acre promontory overlooking a beautiful stream, mature trees and the white sand traps of the 13th green and 14th fairway of the prestigious Bel-Air Country Club Golf Course.  The lot is elevated, allowing for distant city views.

        Musk currently lives in an incredible estate that he previously rented for three years before he officially purchased it January 2013. It’s likely he’ll either capitalize on the opportunity presented by the new home and build an even more over-the-top mansion, or he’ll raze the existing home and create even better views and privacy for his current home.

        He’s not the first billionaire to buy their neighbor’s homes. Facebook CEO Mark Zuckerberg and Yahoo! CEO Marissa Mayer both recently paid millions of dollars for adjacent and nearby properties to ensure privacy.

        With a net worth of $6.7 billion, Musk has the purchasing power to gobble up all the pricey estates for miles and miles.

        Musk has made headlines recently when he unveiled plans for the Hyperloop, a rapid-speed train that claims to be able to transport passengers from San Francisco to Los Angeles in 30 minutes.

         

        Images via the MLS.

        Report: Yahoo! CEO Marissa Mayer Spends $11.2 Million For Funeral Home Near Her Suburban Home

        Posted by Cristin  |  October 30, 2013  |  11:47 am  |  Tags: , , , , , , , , ,

        Peter Kramer/ASSOCIATED PRESS

        Marissa Mayer

        Palo Alto, CA

        Most Known For

        Longtime Google employee, turned Yahoo! CEO

        Home Stats

        Funeral home, likely to be demolished

        Price

        $11,200,000

        Just in time for Halloween, Yahoo! CEO Marissa Mayer is the proud new owner of a funeral home in Palo Alto, CA.

        According to reports by The Silicon Valley Business Journal and Palo Alto Weekly, Mayer bought the property that houses Roller & Hapgood & Tinney, Palo Alto‘s oldest funeral home for $11.2 million. The funeral home is set to close its doors on October 31st, and the land on which it sits is currently zoned “planned community,” and a 2012 Palo Alto city report identified the funeral-home property as a potential site for up to 21 residences.

        No one knows exactly what Mayer plans to do with the property, but the deal does resemble the buying spree Mark Zuckerberg just went on in Palo Alto. Zuckerberg bought the three homes adjacent to his main residence to protect his privacy and to stop a developer from marketing a home as being “next door to Mark Zuckerberg. Mayer may be taking a similar approach, as her Palo Alto residence is just a short block from her new purchase.

        Standard with high-profile buyers, Mayer’s name isn’t directly associated with the purchase. County transfer tax records show a blind LLC paid $11.2 million for the site and the deal closed on Oct. 7th.

        Image via Google Street View.

         

          Paramount Pictures Chairman And CEO Brad Grey Asks $27.5 Million For Bel Air Mansion

          Posted by Cristin  |  September 17, 2013  |  2:40 pm  |  Tags: , , , , , ,

          The Hollywood Reporter

          Brad Grey

          Bel Air, CA

          Most Known For

          Chairman and CEO of Paramount Pictures

          Home Stats

          5 bedrooms, 7 bathrooms, 10,616 square feet

          Price

          $27,500,000

          Brad Grey, Chairman and CEO of Paramount Pictures, is selling his Bel Air mansion for $27.5 million.

          According to reporting by the Wall Street Journal, the Greys are now selling the home because they have decided to build a new house on a 2.3-acre property in Los Angeles’s Holmby Hills. Mr. Grey bought that property, which once belonged to Frank Sinatra in the 1950s, in November 2010 for $18.5 million.

          Brad and his second wife Cassandra Huysentruyt married at the new Holmby Hills property in front most of Hollywood’s A-listers back in April 2011, and have decided to build a new, modern estate on the property.

          Now, the duo are divorcing their former estate – not each other – and moving on to their next great real estate adventure in Holmby Hills. Grey purchased the home at 385 Copa De Oro Rd for $22 million in March 2009, when he and Huysentruyt were dating and he was finalizing his divorce from his wife of 25 years.

          Constructed brand new in 2006, the 5-bedroom, 7-bathroom home is over 10,500 square feet on a gated and completely private 1.1 acre lot. The home has spacious rooms that include dramatic two-story entry with curved staircase, paneled gentleman’s den and bar, over-sized living room that converts to professional theater/media, family room, large kitchen, breakfast room and formal dining room.

          Upstairs, the master bedroom has glamorous his-and-hers separate bathrooms and closets, as well as a patio overlooking the sprawling grounds. Separated from the master are 3 additional en suite bedrooms connected by their own living room area.

          The outdoor living area includes a covered loggia and open lounging areas beside the beautiful pool.

          In Bel Air, Grey has no shortage of celebrity neighbors. This property is next door to the property that Nicolas Cage lost to foreclosure and across the street from Rick and Kathy Hilton.

          Aside from this trophy property in primo Bel Air and the Holmby Hills teardown, Grey also owns a pricey co-op in NYC’s famous Carlyle.

          Stephen Shapiro of The Westside Agency is Grey’s real estate agent.

            Former Yahoo! CEO Terry Semel Sells Malibu Home for $37M to Oracle CEO Larry Ellison

            Posted by Cristin  |  September 26, 2012  |  9:19 pm  |  Tags: , , , , , , , , ,

            Forbes via Oracle.com

            Larry Ellison

            Malibu, CA

            Most Known For

            CEO of Oracle and avid collector of exceptional personal properties across the globe.

            Home Stats

            nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage

            Price

            $37,000,000

            Talk about a high tech, high dollar deal! Former Yahoo! CEO Terry Semel has sold his compound on Malibu’s Carbon Beach for $37M to none other than Oracle CEO Larry Ellison, who has been dubbed “The Nation’s Most Avid Trophy-Home Buyer.” This real estate transaction between Semel and Ellison is strictly a B2B deal. No, we don’t mean business-to-business. We’re talking about billionaire-to-billionaire here!

            Malibu’s Carbon Beach has been dubbed “Billionaire’s Beach,” and Ellison already owns numerous properties along that strip of sand. Perhaps he only lives on streets named exclusively for billionaires, because his primary residence in San Francisco sits on “Billionaire’s Row” in Pacific Heights.

            The seller, Terry Semel, was at the helm of Yahoo! from 2001-2007 and made quite the nice stash of cash from the gig. Since leaving Silicon Valley behind, Semel has resided in Los Angeles and has gobbled up some exceptional real estate in the area. Just last year, Semel and wife Jane listed and sold their swank Beverly Hills mansion.

            The Malibu home that just transferred hands from Semel to Ellison sits on a three-quarter-acre lot includes three structures, creating a compound just steps from the sand. The main house is entered through a three-story skylit rotunda. Aside from the main home, there is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage.

            We’re not surprised to hear Ellison was the buyer in this big deal. Since becoming one of the biggest earners in America while at the helm of Oracle, Ellison has spent hundreds of millions of dollars acquiring incredible properties across the globe. Ellison’s known property roster includes five adjacent lots in Malibu, a Newport, R.I., mansion formerly owned by the Astor family; a historic garden property in Kyoto and an estate in Rancho Mirage, Calif., with a private, 19-hole golf course. He’s currently adding a Lake Tahoe compound to that incredible line-up and is rumored to be on a buying spree in his native San Francisco.

              Despite A Shrinking Stock Price, Zygna Chief Mark Pincus Buys Big Mansion in San Francisco

              Posted by Cristin  |  August 6, 2012  |  6:47 pm  |  Tags: , , , , , ,

              ZUMA Press/Newscom

              Mark Pincus

              San Francisco, CA

              Most Known For

              CEO of Zynga, creator of Farmville, Cityville and other addicting games

              Home Stats

              Four-levels with 7 bedrooms, 6 full baths, and 4 half-baths

              Price

              $16,000,000

              While Zynga’s stock price continues to trade lower and lower, CEO Mark Pincus is trading up his lifestyle. According to sources, Mark Pincus and his wife Alison, co-founder of the delightfully addictive home decor flash sale site One Kings Lane, have just picked up a posh new San Francisco pad. Originally priced at $16.5M, the Pincus family paid $16M for the home in the posh SF neighborhood of Pacific Heights.

              Pacific Heights, or “Pac Heights,” according to locals, is the must-live-in neighborhood for the billionaire set. The Pincus’ new neighbors include Oracle CEO Larry Ellison, the Getty familyUniversity of Phoenix owner Peter Sperling, and dozens of other monied folks.

              The Pincus family has been very active on the San Francisco real estate scene as of late. In late December 2011, they sold an understated San Francisco home in the Cole Valley neighborhood for $1.97M. Also now sold is their stunning, never-lived-in Presido Heights home for $8.2M.

              What could possibly top their former properties? Let’s dig into the details of the new Pincus family playground: built in 1907, and never before been on the market, this Pacific Heights view mansion is a classic piece of San Francisco architecture that has remained in the same family since it was built. Set back from Pacific Avenue for the utmost in privacy, the grand residence is perched on the south side of the 2800 block of ‘Outer Broadway,’ one of only three blocks known as the ‘Gold Coast’ of San Francisco – where the most prestigious homes in all of San Francisco sit and elicit gawks from tourists and locals alike.

              The residence was originally owned by Edwin W. Newhall and the architect for the home, Albert Farr, was renowned in San Francisco and the Bay Area. Today, the historic residence stands as it was – a classic example of Dutch Colonial Revival architecture with shingled facade, period lighting, and myriad diamond divided light windows, plus picture windows that present magnificent Golden Gate Bridge and Bay views. Spanning four levels plus a spacious attic, the home reflects the design of the early 1900s, with grand formal rooms on the main level, a continuous succession of family bedrooms and sitting rooms on the second and third floor, plus original staff quarters and the main kitchen on the basement level. With over 15 main rooms and approximately 11,500 square feet, the home presents a remarkable opportunity to reimagine the interior design for a variety of 21st century lifestyle needs – something Alison Pincus and her One Kings Lane team will likely have no problem perfecting.

              Steve Gothelf of Pacific Union International represented the sellers.

                Cisco CEO John Chambers Selling Sprawling Silicon Valley Estate

                Posted by Cristin  |  July 17, 2012  |  3:47 pm  |  Tags: , , , , , , ,

                AFP via @daylife

                John Chambers

                Los Altos Hills, CA

                Most Known For

                Long-time CEO of tech company Cisco

                Home Stats

                5 bedrooms, 9, bathrooms, 8,250 square feet

                Price

                $14,800,000

                John Chambers, Cisco Systems’ longtime CEO, has just listed his massive estate in Los Altos Hills, CA, one of Forbes’ ‘most expensive zip codes in America‘. New to the market, the sparkling $14.8M listing gives us a sneak-peek into how this private tech titan lives.

                Chambers’ for-sale property is actually comprised of 3 adjoining parcels, totaling over 6 massive acres that must be accessed from two separate streets. The main residence  features 5 bedrooms, a library, an expansive CEO-worthy office, a stunning home theater and 3 family rooms. The estate is secluded – perfect for Silicon Valley-types who want some semblance of privacy in a hyper-connected, social world.

                Paver stone walkways connect the main residence to park-like grounds and expansive parking areas. The grounds also feature an impressive swimming pool, spa and tennis court.

                According to the Wall Street Journal, Chambers and his wife Elaine purchased the property in the mid-1990s and are selling this home because he has since built a new home nearby.

                Mary and Brent Gullixson of Alain Pinel hold the listing.

                  Mark Pincus Sells One of Two Homes in San Francisco

                  Posted by Cristin  |  December 21, 2011  |  5:55 pm  |  Tags: , , , , , ,

                  Marc Pincus

                  San Francisco, CA

                  Most Known For

                  CEO of Zynga

                  Home Stats

                  3 bedrooms, 3 bathrooms, 2,875 square feet

                  Price

                  $1,970,000

                  Mark Pincus is on the move. The internet super-entreprenuer recently had not one, but two high-priced homes on the market in San Francisco. We recently put the spotlight on the $8,900,000 mansion Pincus and his wife heaved onto the market in the Presidio Heights neighborhood. To much less fanfare, the Pincus’ quietly listed their other property in San Francisco’s Cole Valley neighborhood, and now it’s being reported that the home has a buyer. Like the other property, the Cole Valley home is highly-stylized and decorated to the max, a given since Marc’s wife Alison is co-founder of decor marketplace One Kings Lane.

                  This second Pincus home was first listed in late September 2011 at $2,189,000 and endured a price chop in early November to $1,970,000. Property records indicate that the Pincus’ will likely take a substantial loss on the home. They bought the house in August 2005 for $2,850,000. If they get the full asking price from the buyers who are currently under contract to purchase the property, that’s still an $880,000 loss before you even count carrying costs, renovation expenses and real estate fees. With Zynga’s recent IPO, we suspect Marc may be able to cover the losses.

                  What will the buyers get? Current listing information shows that the home has a total of 3 bedrooms and 3 bathrooms in 2,875 square feet. Set on a lovely and peaceful block just a few minute walk to the shops of Cole Street, this home has been designed for large scale engagements in an impactful and creative atmosphere. The main level of the home features a modern, open-plan kitchen that flows into the formal dining area with dramatic black and white accents. Nearby, the adjacent main entertaining room features expansive open spaces punctuated by a modern forest motif along the southern wall that floats past a frost shrouded staircase. The upper level master suite features panoramic city and Golden Gate Bridge views and is washed with light from three sides. Off the main level, a walk out deck overlooks the redwood covered yard below with lush foliage.

                   

                    Game On! Zynga CEO Mark Pincus Selling $8.9M San Francisco Mansion

                    Posted by Cristin  |  October 26, 2011  |  1:30 pm  |  Tags: , , , , ,

                    Marc Pincus

                    San Francisco, CA

                    Most Known For

                    CEO of Zynga, creator of Farmville, Cityville and other addicting games

                    Home Stats

                    6-bedrooms, 6.5 bathrooms, 4 stories

                    Price

                    $8,900,000

                    Zynga founder and CEO Mark Pincus‘ four-level mansion in the prestigious Presidio Heights neighborhood of San Francisco has just hit the market for $8,900,000. Originally reported by The Business Insider, the gaming mogul and his wife are selling the stunningly well-decorated home for undisclosed reasons. After flipping through the listing photos, you can see that home’s interior decor is a pseudo-advertisement for One Kings Lane, the flash home decor sale site cofounded by Pincus’ wife, Alison. Bright colors, chic accents and delightful surprises define this home and make it one of the most covetable properties currently on the market in San Francisco.

                    The grand, livable and well-decorated modern home has 6-bedrooms and 6.5-bathrooms and was built on an extra-wide lot. It offers both a bold street presence and pleasing scale, but is intentionally pulled back from the street for privacy. The steps up to the house bring you to a beautiful courtyard and striking entrance. Extremely balanced and well-appointed, all the public rooms on the main level connect, ideal for flow and entertainment. The kitchen includes a unique but functional family room area. The kitchen morphs from great to truly magnificent as soon as you set your eyes on the large doors that open onto the tranquil grass garden. The second level features four bedrooms, including the master suite. There is a full floor penthouse level with a “grand master,” featuring a spa-like bathroom, terrace and office. The lower level has an au pair suite and media room/large play room.

                    For those who have been following Mark’s career, it’s no surprise he owns a home this big and beautiful. Zynga and Pincus are on a major roll, launching successful game after successful game, acquiring companies left and right, reporting record profits, and filing for an IPO. Zynga is rumored to be a publicly-traded company before the end of the year.