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.
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.
