Friday, October 3, 2008

A Big Buy in Beverly Park

BUYER: Ronald Tutor
LOCATION: Beverly Park Circle, Beverly Hills, CA
PRICE: $32,200,000
SIZE: 27,000 square feet (approx.), 9 bedrooms, 18 bathrooms

YOUR MAMAS NOTES: The Private Properties people at the Wall Street Journal recently broke the news of a big buy of a behemoth mansion in Los Angeles' exclusive and insanely expensive Beverly Park community. In case you didn't already know, this guard gated community, where the smallest houses are well over 10,000 square feet, is where mcmansions go to get super sized.

As was reported by the Wall Street Journal, property records show that the not yet completed estate was scooped up by colossally rich construction tycoon Ronald Tutor for a heart stopping $32,200,000. The mega-manse is being designed by Richard Landry, perhaps Beverly Park's most prolific architect. The property had been on the market for whopping $49,000,000, which means the sellers, mobile home mogul Lee Kort and his wifey Jill, accepted a number far less than they had hoped for. Is that a sign of the times children, or does the $12,300,000 discount indicate that the tremendous tab for finishing the property will fall on Mister Tutor? Anyone? Bueller? Bueller?

According to listing information, the faux-Tuscan style sprawler sits on a 3.55 acre shelf overlooking Franklin Canyon and measures in at a hulking 27,000 square feet. The plans call for 9 bedrooms and a breathtaking 18 terlits. We imagine that least one poor gurl will need to have a terlit brush strapped to her hand all damn day, every day to keep all 18 of those poopers pristine.

Other amenities include heavy gates that open to a long curving driveway that Your Mama happens to know has been lined with mature trees that give the property a dramatic entrance, a movie theater, large gym, and a party room. A party room? For real? Pleeze. Can't the guests congregate and festivate in what we can only imagine is an immense living room?

Also on the property is what listing information calls a "spacious guest house," which means it's probably bigger than your entire house, garage parking for at least 6 automobiles, a 75-foot long swimming pool, a pond and waterfall, a tennis court pavilion/pool house (although there isn't any mention of an actual tennis court), sprawling lawns, and a 110-yard par 3 golf hole which will become an expensive to maintain but useless feature once Mister Tutor masters the damn thing.

Many of the hotel sized houses in Beverly Park are owned by famous folks like Oscar winning actor Denzel Washington, Eddie Murphy (who the Dr. Cooter saw in the grocery store last week looking all shy and smooth faced), Sylvester Stallone, aged rock star Rod Stewart, funny ladee Jami Gertz, six time Emmy nominated actor Paul Reiser (always a bride, never a bridesmaid) and country super stars Faith Hill and Tim McGraw. And that, children, is only a partial list of the famous residents of Beverly Park.

Some of the other lavish living home owners in Beverly Park include billionaire media mogul Haim Saban, billionaire bizness baron Steve Udvar-Házy, porn purveyer Norman Zada and several properties rumored to be owned by the Saudi royal family.

56 comments:

Anonymous said...

I love it when you follow up things with the selling information. Thank you. At the risk of being pushy, I was wondering if you could follow up on some other stories you have blogged about: Molly Simms house - did it fall out of escrow? Sam Goldwyn's house -- what happened to it, its gone from the MLS? Same with Andrew Lazar's house, or whatever you would call that pile.
Thanks

Anonymous said...

Uh, are those ABOVE GROUND electrical wires at the bottom of that image?! Maybe I'm a little picky, but if I were going to live in a superhood like Beverly Park I would at least expect buried utilities.

Anonymous said...

Is it just me or is it a bit strange to have a gated driveway in a gated neighborhood?

Anonymous said...

Ron Tutor is perfect for this house. Anything needs repair, he owns one of the largest construction companies.

Anonymous said...

Everybody in that gated community has gates around their 2-3 acre estates. Many of the residents also have their own 24 hour guards, in addition to the Beverly Park main gate and patrol security. That place is no nonsense when it comes to privacy.

Anonymous said...

Madonna's BH Wallave Neff is on market--anybody have indoor pics??

Chris said...

Having a "party room" is so lower middle class. It's like having a "rumpus room" in middle class houses so the "living room" can stay unused and immaculate to show "important people" when they come to visit.

Anonymous said...

Poor "six time Emmy nominated actor Paul Riser (always a bride, never a bridesmaid"

Couldn't we just spell his name right?!

the poor dear...

Anonymous said...

Chris sure does know a lot about how the lower middle class live. ;)

Jimmy said...

I look at these properties via MSN Mapping's birdseye view, and I keep wondering what do the tradesmen who work on these places think. They have got to wonder that the difference in status and lifestyle.
Or maybe it's just another day's work which is why they don't own the place.

Anonymous said...

I was wondering what happened to this house when it slipped off the market. Really wondering now with that sale price if it was as is finish the construction yourself or is that for the finished house???

Might be, cuz the house around the corner that was $45m was reduced to $39.9m and is also 27k sq ft but on a smaller lot... Hmmm.

I think the big 77 Beverly Park for $50m was over-price and this house just priced with it to see, but probably took whatever offer they got as there is no way it cost that much to build the house. Even at $1,000 a sq /ft (which it probably cost a lot less) the house would be $27m plus the land, which the developer paid $8.23m for he still be looking at a small profit.

Anonymous said...

And there are most certainly NOT above ground wires shooting around Beverly Park.

Anonymous said...

Someone needs to check their facts cuz the lot didn't sell for $8.32m, it was $10.5m to a Hollander Trust on Jan 7 2005.

Anonymous said...

Mama,

Can you search out what happened to 2 Beverly Ridge Terr? THe house was on the market for $22.75mm but recently disappeared, is it under contract or whats up with it?

Suzy Zabiche said...

If Mr T ever feels the need to economise what with the punishing rises in utility bills, that golf range thingamebub could be put to good use as an au naturel place to hang out the freshly laundered cleaning cloths that the poor terlit girl will get through by the barrel load.

Anonymous said...

Just what America needs - another 27,000 square foot 'house'. I guess one has to live in California to understand why.

Anonymous said...

Anybody knows if his mega-house in Hidden Hills is listed ?

Ivy Lane said...

I do love this blog...however, sometimes i just can't stomach the people who have to have 27,000 sq.ft. homes.. I know..people say.."if you got it, spend it..".. in the wake of the nation's economic crisis.. this kinda thing just makes me a tad ill!!

It is fun to learn all the quirks of the deals and ins and outs of these big listings.. Thanks Mama!!!

Chris said...

We can hope that the coming depression will put an end, at least for now, to the proliferation of these gargantuan monstrosities in extreme bad taste. Phony Tuscan, phony British, phony French, phony phony phony, thy name is Hollywood. Or better Phonywood.

chris said...

I can't afford the used terlit brush.

Anonymous said...

Run Down of Presently on Markets:

14 Beverly Park - Under Contract - List $23,000,000
40 Beverly Park - Active - $39,995,000
27 Beverly Park - Active for nearly 2 years - $29,000,000

There are several Beverly Park adjacent properties available, and I've heard rumors of a few houses be "quietly shopped" among the brokers who have the type of clientel that plays in this strasisphere.

The interesting thing I am wondering is if Maurico Umansky pop this listing, carrying both the list and sale side, anyone know? Think about that monster commision!

Do they even do a standard commision or is it adjusted?

Anonymous said...

I have to just say it -

GROSS, GROSS, AND GROSS!!

Everything about it. The size, the architecture, and the neighborhood. Tacky address for tacky people.

Anonymous said...

14 Beverly Park went into contract really quickly - I'm quite surprised.

"phony British" - when did "British" become a style? Georgian, Edwardian, Victorian, Elizabethan, Tudor etc... perhaps?

brooklawn dr. said...

"27 Beverly Park - Active for nearly 2 years - $29,000,000"

Why is this home still on the market? The one photo I've seen is tasteful and not garish.

Does anyone know who the owneer is? Is it run down and needs work?

http://www.catalisthomes.com/searchDetail.aspx?PropertyId=895414

Anonymous said...

My above ground wires comment was in reference to the actual photo used in the New York Times piece. Look closely at the bottom of the page. Those are DEFINITELY above ground wires.

http://www.nytimes.com/2006/07/02/fashion/02mansion.html?_r=1&ex=1166677200&en=6760c8b8eac64f37&ei=5070&oref=slogin

Anonymous said...

Mauricio didnt double pop the property. The Buyer had their own agent.

List price of $49 million was for the home to be fully finished. The Buyer paid less because he is going to finish the rest of the home himself.

Anonymous said...

I don't remember who owns 27 Beverly Park. I believe they are "foreign" business man. The house looks lovely from the outside and is on 6 acres, my guess is the inside must be very "taste specific" (my real estate agents way of saying disgusting).

Anonymous said...

Han Moeljadi owns 27 Beverly Park, he's an Indonesian business man. I concur with Anon 4:41 - the House is probably tacky on the inside.

14 Beverly Park is mind boggling, the house hit the market for $19,995,000, then did a $4m increase about a month later to $23,995,000 and then a while later a price chop to $23mm flat. I saw the virtual tour someplace and have to say it is TACKEY!!! The kitchen is gross, the house needs millions in renovations.... plus its not even in the main section of Beverly Park, its off in the side section.

Should be interesting to see what 14 Beverly Park goes for, I can't imagine paying more for a house than it was listed at a month ago, so it better be under the $19,995,000.

Anonymous said...

Here is the virtual tour for 14 Beverly Park

http://tour.circlepix.com/tour/skin.htm?skin=6&id=683650

(sorry, I don't know how to make it a hyperlink)

Anonymous said...

omg, the orange kitchen with green knobs and miss matching appliances in a $23mm house? WTF???

Anonymous said...

omg, the orange kitchen with green knobs and miss matching appliances in a $23mm house? WTF???

brooklawn dr said...

http://www.beverlyparksouth.com/

Another link for 14 BP. Tre-cheesey!!

Anonymous said...

14 Beverly Park is way dated. The bones of the house could be good, just needs a massive cosmetic overhaul including renovation the kitchen and every single of its 6 full and 2 half baths.

Anonymous said...

Anon 4:48 raises a question I've wondered,

What is with that odd side area that they call "Beverly Park South?" It's not even like in the rest of the neighorhood. I would imagine prices would be way less over there, seems like the Ghetto version of Beverly Park, the houses are all older (built in the late 80's mostly).

I guess that's where Faith Hill & Tim McGraw's house is, and from the virtualglobe site, it looks pretty blah.

Anonymous said...

How many ties do you think were on the rack? If you guess correctly, you get the 1998 beige Frigidaire refrigerator with the in-door black ice maker!

Anonymous said...

georgian, edwardian, tudor. there are a lot of nice 'folks', as sarah would say, out here who can't exactly identify the style but they know phoney when they see phoney. in fact, phoney british is perfect because, believe me, there's no one designing, constructing or buying these actually mostly phoney italian or spanish monstrosities that would know, or care about, the difference. philistines all.

Anonymous said...

He's in real estate, of course he bought the home in its present stage and is finishing it to his own specifications himself.

The house I feel is kinda odd looking, perhaps its just this cartoon-ey drawing but it's not doing anything for me.

40 Beverly Park on the other hand is simply gorgeous!

www.40beverlypark.com

Anonymous said...

40 Beverly park - thumbs up for that cozy home

lil' gay boy said...

14 Beverly Park:
"…quelle fromage…"

40 Beverly Park:
"…quelle vulgaire…"

Beverly Park, in general:
"…taudis riche…"

But then, "…les oiseaux d'une plume…"

The views are lovely, however.

Anonymous said...

I have seen pictures of the inside of 27 Beverly Park, "taste specific" and extremely tacky. They do have a pretty sweet tree house in the backyard though and an enormous lot. I would buy that bitch and tear it down.

Anonymous said...

27 Beverly Park

- Tearing down this home is not a realitiy. Plus, the house is lovely from the outside with great grounds. The land is worth no-where near the asking price so there is no way anyone would buy a rip down.

- Whoever buys the house will just get the interior and do a make over, which on a 20k sq ft house in Beverly Park would cost millions, the house should be priced considerably lower to account for that.

Anonymous said...

"27 Beverly Park - Active for nearly 2 years - $29,000,000"

Actually the house has been on the market 818 days, that's over 2 years.... without a single price adjustment. Is their agent an idiot? Does anyone even look at the house anymore?

Ms. Know-it-All said...

id say the agent is an idiot...

she also claims the property sits on 6 acres but according to the beverly park plat map the lot is 5.13 acres.

so_chic_darling said...

I am not rich and I have some ideas about what a dream property would be for me, the two bedroom penthouse in the previous posting would be everything I would ever need. Beverly Park on the other hand represents something else altogether a type of look at me and fuck you kind of rich that is, dare I say it republican to the core, look at them now loading the treasure of our nation into the back of their hummers as they sack Washington just as Geiseric king of the Vandals sacked Rome in 455 AD. Is it worth saving they ask? No let it burn they say as they drive into the sunset of a ranch in Texas or Wyoming, we have money and guns and the lord told us to stock our compounds with ten years of food because we believe in the end of the world so we'll help usher it in. Let the masses fight for what's left we have gates, security, helicopters and YOU paid for all of it so thank you and fuck you!

caveman said...

i always think of republicans whenever i see a big stupid mansion in hwood.

Polly said...

Or Persians, wait that's the same thing!

Jigsaw said...

Almost 37.000.000...
Thats just pathetic...

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Cut the crap... said...

Oh, Please.

There is nothing democratic or republic about the excess of Beverly Park. No one left in this country is even a true republican or true democrat to begin with, both parties need to go bye bye.

I see nothing wrong with the opulent life-stye some chose to live, if they can afford to do so. Why judge? Do you like them judging you for not having money? Chances are, no.

To each their own, if the sky was the limit, i would love to live in a secure, dream enclave like Beverly Park, and truth be told... most of you would too.

Anonymous said...

Not everyone goes over the top in Beverly Park tho. Reba has a beautiful but modest (atleast by Beverly Park standards) home in the neighborhood, and nothing about over-the-top opulence, down with the masses comes to mind when I think about Reba.

caveman said...

i was being sarcastic & was wondering if so chic will delete her post when she sobers up.

Anonymous said...

Any overhead power lines must be a remnant from construction. There aren't overhead, standard service lines in Beverly Park.

Anonymous said...

Anon 4:22... in reference to your comment about above ground wires....

Beverly Park has NO above ground wires. The article you are reading in the New York Times is showcases a home at the top of it that is NOT even in Beverly Park.

Shows the acuraccy or reliablity of the times I guess, the home is located at 2553 Summitridge, in an adjacent area that is not gaurded, but gated called Bella Vista.

Not really sure why the Times had to use that house, when there are many much larger Beverly Park homes they could have showcased.

Anonymous said...

http://www.nytimes.com/2006/07/02/fashion/02mansion.html?_r=2&ex=1166677200&en=6760c8b8eac64f37&ei=5070&oref=slogin&oref=slogin

yes, the home show above the article is not in beverly park. i forget who it belongs to but its on summitridge in an area that does ahve above ground power lines. the house while looking impressive is only like 13,000 sq ft. they should picked one of the mega-manse in beverly park.

Anonymous said...

Much like Mama, I am just in love with Beverly Park. Something about the exclusivity of such an uber-rich community makes my spine tingle.

Any word on whatever happened to Bisno's foreclosure woes? The house accross from their's that belongs to Steve Udvar-Hazy is amazing!

Care to share your full list of residents mama? Cuz I know you have it.

so_chic_darling said...

I was sober when I posted my last comment and don't take from it that I'm some sort of communist or someone who resents other people having money, I don't in fact I admire people who make it in this great country and although I'm not rich America has been VERY good to me too! I guess I'm just feeling that the people who have profited from all the tricks the republicans have pulled on us, the war etc., are the ones building non green monsters. You know the drill baby drill crowd.

Anonymous said...

According to Housefront.com

Avi Arad owns both 29 Beverly Park as well as 46 Beverly Park. 46 Beverly Park is a much smaller home said to have been owned by Reba McEntire since 2003 when she bought it for $9,000,000. I know now that her television show is over perhaps she no longer wishes to have property in LA, anyone know, did she unload it? Seems odd that Avi would want a second much smaller house down the street, but as Mama says, who are we to question the real estate dealings of the rich.