Another Behemoth Beverly Hills Beast Hits the Market

SELLER: Lou Gonda
LOCATION: Lexington Road, Beverly Hills, CA
PRICE: $35,000,000
SIZE: 16,733 square feet, 6 bedrooms, 9 bathrooms (as per assessor)
DESCRIPTION: …Situated behind the Beverly Hills Hotel on over 1.5 acres of finely manicured grounds, complete with salt water, mosaic tiled pool, n/s championship tennis court, complete guest house, flat grass pad with meandering pathways, streams, waterfalls and creek. This Georgian-style traditional estate was built using the finest materials and craftsmanship of unparalleled quality. Large-scale rooms with an intimate feel create an inviting home of magnificent proportions…

YOUR MAMAS NOTES: A couple of weeks ago, Your Mama discussed a number of mega-mansions currently for sale in Los Angeles wherein we briefly mentioned the Beverly Hills home of aircraft leasing billionaire Lou Gonda. At the time, we were not aware of the house being on the open market, but thanks to Snooping Sebastian, it’s come to our attention that Mister Gonda’s Lexington Road residence has arrived on the open market with an asking price of $35,000,000, reduced from it’s original (off-market) asking price of $42,000,000.

According to an earlier report in The Wall Street Journal, much of Mister Gonda’s mountain of money came from his huge holdings in a little company called American International Group, Inc., otherwise known as AIG. We all know what’s happened to AIG, right? When AIG’s share prices plummeted from $60 to $2, Mister Gonda lost untold millions of dollars.

Your Mama don’t know nuthin‘ from nuthin‘ about Mister Gonda’s personal finances, but this severe drop in net worth may have something to do with the little known bizness man putting his big Beverly Hills house on the market. Of course, it should be no surprise that Mr. Gonda told the good people at The Wall Street Journal that his children are grown, he and the wifey want to travel more and therefore no longer need such a significantly sized home and also that the family began diversifying there assets away from AIG six years ago which he said “has served us well.” We’ll let the children decide what they think is truth and what is fiction in all that.

Records on file with the County of Los Angeles show the Georgian-style pile’s taxable square footage is 16,733, but we’d bet our long bodied bitches Linda and Beverly that number does not account for all the interior spaces because children, this house is a monster. Records also show there are 6 bedrooms and 9 bathrooms and listing information indicates there is also a guest house.

The meticulously maintained 1.5 acre estate includes a 5-car garage, a properly aligned north/south tennis court separated from the mosaic tiled salt water swimming pool by a long pavilion, enough lawn to pitch a large tent for philanthropic functions, meandering paths, waterfalls and creeks.

The interior spaces are, according to listing information, both “large-scale…with an intimate feel.” We’ll just have to take the listing agent’s word on that since there are not currently any photos of the interior spaces that we were able to locate in our precaffeinated state. However, we’d imagine they are as opulent and lavish in that special way that only billionaires and Beverly Park residents do up their day-core.

Given that there are a butt-load of behemoth mansions with $20+ million price tags currently on the market in Los Angeles, Your Mama fears Mister Gonda faces some stiff real estate competition for the small pool of qualified buyers who are still looking to spend the big bucks for a house in which they can live like pashas and Gilded Age robber barons.

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  1. Charles Fosbrook says:

    This comment has been removed by a blog administrator.

  2. Anonymous says:

    The new owner is the billionaire Ming Hsieh, founder of Cogent Systems who owns a huge estate in Pasadena as well.

  3. ItalianEstalker says:

    Who is the new Owner?

  4. Alex says:

    This home sold on December 17th for $23million. Great price for this home but a few rooms (especially master bedroom with those awful bookshelves) need some attention.
    The pool and landscaping are so “family friendly” (pathways etc. and it would be difficult for a small child to fall into the raised pool).
    Great link for some pics: http://priceypads.com/2011/01/a-new-record-sale-for-beverly-hills-24475000/
    I love the upstairs landing, although the game room is a little bit “woody” for my tastes. Tennis court could also do with some resurfacing.

  5. Anonymous says:

    Amazing to see how petty some of you are. If you have the money to buy one of these homes, then you can find one you like. Taste is individual. The blame for the financial crisis is much bigger and broader than some individuals affected by it. It is a wide-spread, global phenomena. The mean comments about this family clearly sound like sour grapes, and are not deserved. I can tell you from personal experience that the Gondas are considerate and generous people. Stop your criticisms towards those you may be jealous of and take action to find solutions and contribute.

  6. Anonymous says:

    Although the last posting was in January, I thought I’d leave my 2 cents for the record.
    My construction company did all of the finish carpentry work on this wonderful home. We were not allowed to take any photos while we worked there and so I was always hoping to see interior photos of this home. My partner and I installed the grand staircase and now I finally have a shot of it. I had up to 25 finish carpenters working at one time on the home. One poster above who said they had been in the home and said the moldings were all pre-fab, whatever that means. But absolutely not true as my company supplied all the finish materials. Most of the moldings came from the wood shop at Paramount Studios.
    We were there about a year and a half.
    I’ve worked for many millionaires and billionaires during my twenty-five years working in Beverly Hills. Ted Fields at Green Acres , Marvin Davis at Lionsgate, Kenny Rogers, Pia Zadora/Meshulam Riklis at Pickfair.
    I have to say that besides Kenny Rogers, Lou Gonda was one of the most down to earth likable guy and a real pleasure to work with during that time.

  7. Anonymous says:

    Just been reduced to $28.5m. A long slippery road for Mr. Gonda me thinks.

  8. Anonymous says:

    It is a nice house, though I wouldn’t decorate it as they have, it’s too dark and stuffy, especially the family room. The kitchen is fabulous, but the nicest rooms in the house are his study, and the downstairs room with the stage & drop down viewing screen and bar. But not to fear folks, he’s not broke. He also has a home in Hidden Valley (El Campeon Farms)where he has horses and until recently, a camel, and numerous other animals. I heard the camel died, such a shame.

  9. Anonymous says:

    ive been to the house before since i am good friends wit the Gonda’s
    Its a masterpiece to say the least

  10. The Blogger says:

    I’ve been in the house and regardless of whatever else you think of rich people and their houses, the house is frickin’ fabulous! I personally do not like Spanish style houses, which abound in L.A. Also, the influx of Middle Eastern people to Beverly Hills over the past 10 years has caused a lot of the charming mansions with historical value to be ripped down. Sadly, they were replaced with HUGE, flat roofed, square boxes, jammed up to the property line with no landscaping. Ugly as hell. Gonda’s house always was great but compared to those, it now looks even better.
    Even judged alone, sour grapes or not, it really is fabulous. It is as large as a hotel and just as gorgeous. It’s not too close to the street, especially since the street it’s on is very secluded and quiet. For years Gonda’s house has been the one everyone refers to as the ultimate in good taste. The “one” house anybody would want. No extra flash or bling, just the best of everything. It really is one of a kind. I have nothing to do with the house, no kickback if the house sells (I wish!) but I I’ve been in most of the bajillion dollar mansions around here and I just wanted to say, Gonda’s house is one of the best of them.
    As far as whether rich people should spend their money on houses and whether they are responsible for the problems of us all – I won’t pretend I know enough to have an opinion. I’m just offering one of the house. If I could buy any house, that’d be it. I sure hope whoever does buy it doesn’t rip it down and build some monstrosity.

  11. Jeff 2 says:

    No one is making you read this blog Jeff. If you don’t like it, move on.

  12. Jeff says:

    I am not sure of the news value of this blog other than to spread gossip and innuendo about someone who has no public role at any company and leads a private life without publicity. As for the illiterate writing style of the author, I would consider a basic course in journalism and ethics.

    Regards

  13. Anonymous says:

    Beautiful home!

  14. Anonymous says:

    All I know is the listing agent on this prop is fine-

    EM

  15. Anonymous says:

    It is a pretty good burn when you were pretending (as usual) to be an Angelino. You don’t know the streets, you don’t know marine layer from smog, you don’t know jack, do you joe?

  16. Anonymous says:

    wow, such a burn… i have a lack of useless LA knowledge. god u know how to hurt…. ha

    ill stick to the nyc, thanks!

  17. Anonymous says:

    3:04 – Try a better updated online directory next time. There is no Olive Garden on Westwood. Your lack of real knowledge of LA is showing…..

  18. Anonymous says:

    you are a bitchy queen, who lives in a studio apartment in WeHo and waits tables at the olive garden on westwood blvd.

    what a life you have.

  19. Anonymous says:

    8:35 isn’t Avg Joe’s “friend”. It is Average Joe.

  20. Anonymous says:

    Anon 5:07,
    If the USD no longer exists in a few years, the rest of the world will likely be in a wee spot of trouble as well…Aside from the unwinding of the carry-trade, there’s a reason why the USD has rallied throughout the crisis: flight to quality & liquidity. Similarly, there’s a reason why China just announced it will purchase more US treasuries. No one wants the USD to fail as such it will not. Sure, there are genuine fears of hyperinflation now, but the Fed is as aware of this as any journalist, economist, blogger etc.

  21. avg joes friend says:

    curious are you the same anon that has been berating avg joe ?

  22. Anonymous says:

    5:41 – So I guess that means I get to decide that 5:07/7:03 is an idiot while you are just a bitchy queen?

  23. Anonymous says:

    each reader decides for him/herself which comments are good and interesting…….get over it

  24. Anonymous says:

    so who gets to decide which comments are “good & interesting”?

    Hello 507am– unhappy much? Take an English course and learn to distinguish between it and it’s

  25. Anonymous says:

    End of the day AMERICA WILL PAY FOR IT’S GREEDY FUCK-UPS.

    The US dollar will no longer exist in 4 years time and your houses will be worthless. America will become MEXICO

  26. Anonymous says:

    What good interesting comments?

  27. getovahit says:

    It is easy enough to skip the rants and read the good, interesting comments. The wooden spoon is not there to spoon feed you, but to keep you in line.

  28. Anonymous says:

    Yeah but you might find a different street to walk down if the sidewalks are covered in sh*t.

    There is censorship and there is blatant attempt to derail on-topic discussion.

  29. Mama supports free speech and I suspect most of the children do too. You don’t stop walking your longbody because of a few turds on the sidewalk.

  30. Anonymous says:

    Mama doesn’t need to moderate comments.

    Mama doesn’t need to turn off the comments.

    All she needs to do is change the settings to only allow comments from registered users. It doesn’t have to be a blogger account. People can use OpenID which can be a LiveJournal, WordPress, TypePad, or AOL AIM account. It won’t eliminate all the trolls but it will certainly cut down on them dramatically with out Mama having to set down the G&T for more than 1 minute as she changes the setting.

    Unless of course Mama is counting on the annoyance and strife caused by the trolls to raise her hit count……..

  31. Anonymous says:

    greddy huh? not sure what that is

    sounds like youre the lazy fat ignorant one

  32. Anonymous says:

    I STILL BELEIVE AMERICANS ARE GREDDY FUCKERS – + they are fat

  33. Anonymous says:

    well………

    there goes our comment privileges

  34. Anonymous says:

    Lou & Steven Udvar-Hazy were biz. partners way back in the day.

  35. Anonymous says:

    who is doing that? come on, get a life .

  36. Candian Wench says:

    Oh my, Children.

    Ya’ll are actin’ very much like children.

    If I read one more C*** comment I’m gonna cut a b*tch.

    That word is unacceptable. Do not use it.

  37. Anonymous says:

    everyone has good and bad….

    people are greedy, resentful, lazy, (fill in the blank)

    and these apply to EVERYONE… we are so caught up in playing the blame game that we don’t just solve the problem and get moving. who is responsible, doesnt really matter at this point… its time to just end it.

  38. Anonymous says:

    “AMERICANS at least 99.99999 % of them are upstanding moral citizens”

    Now that is funny. Now what (for example) are those figures on red-state porn consumption again?

  39. Anonymous says:

    Diagnosing anger and maturity issues over the internet is difficult at best, but it seems that Anon 8:45/8:56 has a titch of unhappiness in his or her life. Could it be relative poverty? Has this person recently been affected by cutbacks at the USPS? The purge of incompetent fry cooks at McDonalds? Had his or her Chevy Aveo reposessed?

  40. STARCHY says:

    People here, have the illusion they are rich, when in reality they are in a world of debt. This has come as a sudden realization, now that the debt game is in its final stages. Credit is being choked off and the emperor has no clothes. Everywhere, are signs of people retrenching and trying to eliminate what debt they have. Business, which survived on credit are going out faster than could be imagined. On the Westside, high end sales of real estate, cars etc… are at a standstill, just about dead in the water. Driving around Montana Avenue in Santa Monica, I counted 15 commercial businesses in a 1/4 mile that have gone out of business and the rest seem to be barely hanging on. People on the Westside are submerged in debt and now worried about their jobs. The downturn is surely picking up more steam.

    It doesn’t help, that the Fed Chairman has resorted to making pleas on 60 minutes, trying to sell the American public, that everything is OK.

  41. :{} avg joe says:

    Uh anon if this blog gets the comments cut off it will be your damm fault

    the anon s you think are me are not

    and for what it is worth

    AMERICANS at least 99.99999 % of them are upstanding moral citizens

    it is that .0001 which equates to a few hundred thousand that are the bad apples, developers, bankers are at the top of that list

    and yes I have been reading elsewhere that in parts of the country estates are getting sold quietly for 90% off but to keep up the illusion there is still shady record keeping going to the books

    in other words what you read in the PUBLIC RECORDS is not true

    they keep 2 sets of books

    just sayin

  42. angeleyes says:

    8:55, agreed, and thanks for pointing that out. The economic meltdown is the fault of greedy people at the top around the world.

    To the Anon is so angry, PLEASE read through the comments again, SLOWLY. You have jumped to an incorrect conclusion. Thanks!

  43. Anonymous says:

    But this didn’t just happen in America. You all keep focusing on America like its the only place on the planet and the only place this happened. It’s a world-wide backlash at corperate irresponsiblity and greed.

  44. angeleyes says:

    8:45, read Canadian Wench’s comment again. She was defending Americans, not attacking them.

    4:00, you’re unfairly painting Americans with a bit of a broad brush. Assuming you aren’t one, perhaps a little educating might might help. In oversimplified terms to facilitate discussion, the Bush administration embodied the far right conservative ideology which included, 1.) the deregulating of private sector business on the premise that it’s not the government’s job or place to involve itself with them, and 2.) implementing tax cuts for the wealthiest Americans on the premise that they will in turn spend that money in ways which financially benefit the rest of society (what former President Reagan dubbed “trickle down economics”), and 3.) the forced democratization of the Middle East on the premise that it will stabilize the world.

    That far right conservative ideology dominated what was the majority Republican congress at the time, so Bush had no trouble passing legislation which accomplished both the deregulation of business and tax cuts for the wealthiest Americans. That ideology has since proved itself extremely flawed in that big business did indeed become greedy, and with no regulation or oversight in place to keep it in check, they capitalized on their new found ‘freedom’ and followed Bush’s example of doing whatever he wanted with no accountability.

    Further complicating matters, to begin democratizing the Middle East, Bush became emeshed in a war of his own choosing – Iraq. The war spun out of control, requiring Bush to obtain enormous amounts of money, most of which was borrowed, from the then majority Republican congress to continue fighting it. This in turn created a situation which allowed congressional Republicans to load up their bills up with pork for Bush to sign off on and approve – a you scratch my back and I’ll scratch yours financial arrangement between them.

    Put a war that was being financed by placing it on a charge card and a free spending legislative congress together with an economy that was being artificially and irresponsibly stimulated, and you have the perfect storm for a meltdown, which is exactly what happened. The bottom line is that the government at the time failed miserably in it’s duties, making the vast majority of Americans victims of the greedy and reckless in the top percentile of the population rather than greedy themselves.

  45. Candian Wench says:

    Why is London real estate the most expensive if Americans are so greedy? Why is EVERY corner of the world being hurt financially if Americans are so greedy? If it wasn’t for their greed they wouldn’t have invested in us or orperated their banks by the same priciples Americans were.

    EVERYONE IS FUCKING GREEDY! Stop blaming the Americans. It’s EVERYONE’S FAULT!

  46. Anonymous says:

    Mama needs to start up-dating this more often, its like 3 stories a week lately… b-o-r-i-n-g!

  47. Anonymous says:

    avg joe / anon

    you are sto stupid, atleast if you have half a witt of intelligence you would change up your writing a bit so we couldn’t tell every fuckin’ comment by you. which since they all reak of bullshit, we’d still be able to tell but some of the slower children who got dropped off by the short bus may mistake a comment by you for having some merit.

    the real estate market is not going to go down by 90% regaurdless of what you want or think. sayin’ so won’t make it so.

  48. cow Patty says:

    I got plenty of nothing and nothing is plenty for me. I got no car, got no mule, I got no misery.

    The folks with plenty of plenty, they got a lock on the door…it seems with plenty you sure got to worry, while they’re out making more…what for????

    I got no lock on my door, thant’s no way to be. They can steal the rug from the floor, thats ok with me, ’cause the things that I PRIZE like the STARS IN THE SKIES, they’re all FREE……..

    have a great day y’all

  49. Anonymous says:

    AMERICANS ARE GREEDY FUCKERS.

    Soon the US Dollar will not exist.

  50. Anonymous says:

    Simple

    2002-2009
    millionaires 100 MM of them
    billionaires 1MM of them

    2009
    millionaires 1MM of them
    billionaires 100k of them

    and so real estate should drop accordingly

    BY 90%

    then we can all breathe again

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