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Mike Medavoy Lists Renovated Spread in Beverly Hills P.O.

SELLERS: Mike and Irena Medavoy
LOCATION: Beverly Hills, Calif.
PRICE: $14.995 million
SIZE: 8,829 square feet, 7 bedrooms, 8.5 bathrooms

YOUR MAMA’S NOTES: It was via Celebrity Address Aerial that we first learned that veteran film and television producer Mike Medavoy hoisted his fairly recently acquired and freshly renovated estate on a guard-gated and famously celeb-lined street in the Beverly Hills Post Office area up for sale on the open market with an asking price of $14.995 million. Property records show the busy-beaver septuagenarian producer and his charity-minded former-actress wife Irena Medavoy purchased the 1.85-acre spread for $8.2 million in June 2013 in what appears to have been an off-market deal.

Described in current online marketing materials as an “East Coast inspired Hamptons Traditional Masterpiece” with “Ralph Lauren inspired” interior spaces, the 8,829-square-foot, two-story residence includes a double-height foyer, formal living and dining rooms — the former with fireplace and multiple sets of French doors, and a family room with marble-topped wet bar, fireplace and more French doors to the backyard. There’s also a “gourmet kitchen” with octagonal breakfast nook, a library and, natch, a media room. Four guest/family bedrooms on the upper floor are joined, per listing details, by a master suite complete with fireplace, two walk-in closets, a “stunning bath” and private terrace. There’s a staff bedroom and bath on the main floor along with laundry and mud rooms plus self-contained guest quarters atop a detached three-car garage. A wrap-around stone terrace spans the width of the back of the house and gives way to a flat expanse of yard with swimming pool, spa, stone terrace, and built-in barbecue station.

Some of the other multimillion-dollar residences along the guard-gated street are owned by high-profile types like Demi Moore, Jon Voight, “The Real Housewives of Beverly Hills” cast member Lisa Vanderpump and restaurateur Kenneth Todd, British boy bander Harry Styles, beau-hunky actor Channing Tatum, “Amazing Race” co-creator and executive producer Bertram van Munster and movie producer Frank Mancuso Jr., who has his multi-acre estate on the market at $24 million.

That the Medavoys might choose to sell the property in question just two years after they bought and renovated it is no surprise to this property gossip. Since they sold their former estate in the illustrious Beverly Park enclave in the fall of 2009 for $12.5 million to Mexican magnate Isaac Oberfeld, the couple has been in near perpetual real estate motion. In September 2009 they paid $5.85 million for a 6,200-square-foot Trousdale Estates residence they sold less than a year later, in June 2010, for $7.5 million, and in September of the same year they shelled out $6 million for a 9,000-plus-square-foot pile in the guard-gated Mulholland Estates community they flipped just six months later for $7 million to Charlie Sheen. (So far as we understand, Sheen’s ex-wife Denise Richards occupied the manse while she gut-renovated and glammified the Hidden Hills estate she’s currently got up for sale at $7.749 million.) The Medavoys stayed a bit longer in a neo-Tuscan-Mediterranean mash-up mansion that overlooks the swanky Bel-Air Country Club that they picked up in April 2011 for $6 million and sold in 2013 for $7.8 million, just before they bought the BevHills Post Office property they currently have for sale.

Mister Medavoy has been a member of the Hollywood establishment for decades and, through a number of production companies — Orion, TriStar and, currently Phoenix, has had a hand in the making of more than 300 movies including cinematic treasures like “One Flew Over the Cuckoo’s Nest,” “Annie Hall” and “Apocalypse Now.” More recent credits include “The People vs. Larry Flint,” “Shutter Island,” and the 2010 Oscar winner “Black Swan,” and he currently has more than half a dozen projects in various phases of planning and production including “The 33,” an upcoming feature film based on the events that surrounded the August 2010 collapse of the Chilean gold and copper mine that trapped 33 miners underground for 69 days.

Listing photos: Coldwell Banker

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