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The Beverly Hills estate of Paul Allen, the late co-founder of Microsoft, has come onto the market for $55.5 million, according to the Real Deal. Allen, who died in 2018, had amassed an impressive property portfolio that continues to reverberate through the real estate market.
Although this 90210 mansion traces its history back to the 1920s, it had been “heavily customized” by the billionaire after he bought it in 1997 for $10 million.
The hilltop estate, a 24,000-square-foot compound of multiple structures, features downtown and ocean views and comes with a funicular.
Located on a 3.2-acre lot, the Spanish-style estate is accessed from a bougainvillea-covered courtyard. All modern inside, the five-bedroom main residence features a living room with beamed ceilings, library, a family room, and a gourmet chef’s kitchen with an adjacent dining space.
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The luxurious master bedroom suite contains large walk-in closets and limestone bathrooms.
Additionally, there’s a screening room building and a gym with a massage room.
The grounds include plenty of space to make this your living and work headquarters. There’s a two-bedroom, 2.5-bathroom guesthouse, and another two-bedroom, two-bathroom structure for staff.
In addition, another glass-and-steel building is currently outfitted as a recording studio, but it could be used as an additional guest room or private office. It features a single bedroom and 3.5 bathrooms, spread across over 9,000 square feet.
The spread also comes with a swimming pool, lighted tennis court, decks, and patios, along with multiple outdoor areas for entertaining.
Kurt Rappaport of Westside Estate Agency holds the listing.
In the year that Allen picked up this legendary Beverly Hills mansion, he also purchased a choice, 120-acre parcel of land, also in Beverly Hills, for $20 million.
It was intended that this acreage, known as “Enchanted Hill,” be developed into a megacompound.
It was first placed on the market in 2018 for $150 million, but the price was dropped to $110 million in 2019, when it nevertheless topped our most expensive listings. Now reduced to $95 million, the parcel is available, currently the most expensive listing in Beverly Hills.
Although the plans never came to fruition, work had started on the site. The property, which hovers over the city, has undergone extensive infrastructure improvements, including a 1-mile private street, utilities, and two separate gated entrances.
The listing suggests that a developer could create a luxury gated community, or it could be used as a horse property, winery, or multifamily compound with multiple structures and amenities, such as a sports complex, wellness center, and entertainment building, the listing suggests. Plans have even been drawn up to envision a future for the land.
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Allen also owned a contemporary estate in the upscale community of Atherton, in Silicon Valley. He purchased the brand-new property in 2013, for $27 million, records show. The massive, 21,000 square-foot mansion on 2 acres went back on the market in 2019 for $41.5 million, and sold for $35.25 million in 2020.
The businessman also owned properties in Seattle and Manhattan, as well as a superyacht called Octopus, according to the Los Angeles Times.
In 1975, Allen co-founded Microsoft with Bill Gates, and clearly had an eye for good investments. In addition to his pricey properties, Allen owned the Portland Trail Blazers and the Seattle Seahawks. According to the Forbes ranking of billionaires, at the time of his death at age 65, Allen had a net worth of $20.3 billion.
The post Paul Allen’s Beverly Hills Compound Lands on the Market for $55.5M appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/paul-allen-beverly-hills-compound-for-sale/
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