[imagesource: Berlyn Photography]
The last time we checked in on billionaire David Geffen, he had deleted his Instagram account after revealing to the world that he was hiding from the pandemic on his expansive yacht.
Not a good look.
Now, fresh off selling his Warner Estate in Beverly Hills estate to the richest man in the world, Jeff Bezos, for a record-breaking $165 million, he’s added another property of his own to his collection.
Here’s Forbes:
Now Geffen [below] has landed on the radar again by purchasing the Foothill Estate for about $68 million [around R1,1 billion], according to the L.A. Times.
The property had originally been asking $125 million and then came down in price to $82.5 million, but hadn’t found any takers until Geffen went into escrow on it last week.
This is another property to add to the growing list of double-digit discounts for ultra-luxury homes that began when the coronavirus pandemic took hold.
Most of the land on which the property resides was originally purchased by studio executive Lew Wasserman and his wife Edie several generations ago. It later extended with land that once belonged to Frank Sinatra.
This five-bedroom, 13-bath home is a subdued contemporary design, with a slatted exterior complementing the double-height industrial style glass walls. Some of the ceiling heights reach 10 and 12 feet to add drama and an airy feel to the indoors.
Some of that airiness in the images below:
We need to take a moment for the walk-in closet which looks like it’s bigger than my apartment:
Not pictured are the amenities for the home, including a 1,000-square-foot home gym, art studio, elevator, staff quarters, screening room, 85-foot outdoor infinity pool and pool house. The listing is with Stephen Shapiro at Westside Estate Agency. Geffen was represented by Kurt Rappaport, also of Westside Estate Agency, according to the L.A. Times.
Take this slideshow tour of the house posted in 2018, when it was still on the market for $125 million:
From physical distancing on a yacht to physical distancing on an estate.
It must be nice.
[source:forbes]
