The Most Notable Luxury Real Estate Deals of March 2016
Fashion designer Max Azria, who founded the BCBG Max Azria Group, has listed his Holmby Hills mansion (pictured above) for US$88 million, the Wall Street Journal reported. Designed by architect Paul R. Williams in the 1930s, the property was purchased by Azria in 2005 and measures about 30,000 square feet after a reported US$30 million in renovations. The 17-bedroom home includes a floor-to-ceiling waterfall chandelier made from more than 150,000 crystals in the grand entryway, a home theater, swimming pool with bar, “Moroccan-themed” pool house, home office with gold-leafed ceiling, greenhouse, gym and tennis court.
Last year, Azria listed the estate for US$85 million, but withdrew it from the market after eight months, Curbed reported.
Photos via Hilton & Hyland
Rolling Stones guitarist Keith Richards is selling his penthouse at 1 Fifth Avenue with an asking price of US$12.23 million, according to Curbed. Richards and his wife, model Patti Hansen, purchased the apartment for US$10.5 million in 2014. The four-bedroom, four-bathroom duplex features three setback terraces, a 47-foot-wide living space with views of Greenwich Village, fully integrated Sonos sound system and an open staircase with leather wrapped bronze handrail. Architect Joe Serrins renovated the apartment in 2011.
A company controlled by Microsoft founder Bill Gates, the wealthiest person in the world, paid US$13.5 million for a Wellington, Florida mansion next to Gates’ current seasonal residence. The recently acquired four-acre property at 3060 Mallet Hill Court was sold by local developer Stuart Roffman; it features a 7,000-square-foot Spanish-style home and its own horse barn, according to the South Florida Business Journal. Built in 1990, the residence last traded for US$1.2 million in 2010, although it has been recently remodeled.
Three years ago, Gates spent US$8.7 million on a 4.5-acre ranch at 3155 Mallet Hill Court, which has a 12,864-square-foot mansion. Gates purchased the home via a trust managed by attorney William McCaughan,The Real Deal reported. Gates now owns about 8.6 acres on Mallet Hill Court, but he’s considering purchasing four more parcels on the street, for a total of nearly 20 acres, sources told GossipExtra. Three of those four lots are vacant.
Photo via Zillow
Lake Tahoe, Nevada
24 Hour Fitness founder Mark Mastrov has placed his 13-acre property in Lake Tahoe on the market, with an asking price of US$35 million. Located in Glenbrook, the lakeshore parcel is known as “The Pines” and has three separate homes. Mastrov purchased the estate as a vacation home when his kids were young, but spent less time there as his children got older, listing agent Trinkie Watson told the Sacramento Business Journal.
The 13,686-square-foot main home at The Pines was built in 1998 and has six bedrooms, five bathrooms, ceilings made of Douglas fir, lakefront dining room, gym, spa room, game room/bar, theater and an automated control system. The property also has a 3,000-square-foot, four-bedroom guest house and a two-story, three-bedroom caretaker’s house. Features include a full gym, batting cages, three-hole golf course, swimming pool and boathouse with shared pier.
Photos via Chase International
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