Burt Sugarman and Mary Hart Dump Downtown Penthouse, Buy Another at Sierra Towers (EXCLUSIVE)

SELLERS: Mary Hart and Burt Sugarman
LOCATION: Los Angeles, CA
PRICE: $6,700,000
SIZE: 4,250 square feet, 3 bedrooms, 3.5 bathrooms

YOUR MAMA’S NOTES: It was good ol’ real estate yenta Yolanda Yakketyyak who first whispered in this property gossip’s eager ear and property records do indeed confirm that Burt Sugarman and Mary Hart sold a house-sized penthouse at the Ritz-Carlton Residences at LA Live in downtown Los Angeles for $6.7 million. Even though the couple took a staggering $2.1 million less than their last official $8.8 million price tag, they still made out pretty well on the glass-walled downtown aerie that was acquired according to property records in April 2013 for $3.5 million. Listing details show the 4,250-square-foot spread, with glittery, wrap-around city-lights views, has three en suite bedrooms and 3.5 bathrooms plus a spacious combination living/dining room, and expensively outfitted kitchen with eating area, and a separate family room. The penthouse transfers with two parking spaces in the valet-serviced on-site garage and other creature comforts available to those who can afford to buy into the five-star high-rise include 24/7 concierge and doormen, hotel-style in-room dining and housekeeping services, a state-of-the-art fitness facility and 8,000-square-foot full-service spa, private screening room, and a rooftop swimming pool.

As has been reported in property gossip columns far and wide the Sugarman-Harts decamped their downtown penthouse for the Sierra Towers building on the plummy border between West Hollywood and Beverly Hills where in January 2015 they paid acclaimed jewelry designer Loree Rodkin — First Lady Michelle Obama wore her baubles at the 2009 inaugural ball — $8,000,000 for a high-floor two-unit combination with two bedrooms and three bathrooms in 3,533-square-feet. Then, in April of this year (2016) they shelled out another $4.65 million in an off-market deal for a 1,672-square-foot unit located on a higher floor. Now, buckle those real estate safety belts, kids, because this is where things get interesting but a wee bit confusing. According to property records, at the very same time the Sugarman-Harts bought the higher floor condo, which was sold by Evan Metropoulos, son of billionaire C. Dean Metropoulos, they made a concurrent off-market deal in which they essentially swapped the upper level apartment for another equally sized one on the same floor as the two-unit combo they bought in 2015 from Miz Rodkin. That unit, according to property records, was sold by prominent L.A. real estate agent Stephen Resnick who picked it about three years earlier for $2.45 million from socialite and diet guru Nikki Haskell who, our research shows, acquired it in 2011 from Oscar-winning “Chinatown” screenwriter Robert Towne.

Alas, it seems the Sugarman-Harts wanted even more room to ramble around high in the sky at Sierra Towers and even though property records don’t yet show a transfer of ownership we hear from trusted and impeccably connected informant Tom Collins the couple recently made a private deal for somewhere in the neighborhood of $2 million to acquire an additional apartment — 1,237-square-feet with one bedroom and two bathrooms — that adjoins the units they bought from Rodkin and Resnick. All together, according to our calculations, the Sugarman-Harts have spent close to $15 million for their Sierra Towers holdings that now encompass four contiguous units that comprise 6,442-square-feet with a total of five bedrooms and 7.5 bathrooms not to mention several terraces that provide unobstructed views from the downtown skyline to the Pacific Ocean.

Before they started condo hopping in, Miz Hart — the host of “Entertainment Tonight” for nearly three decades (1982-2011) — and Mister Sugarman — producer of several game shows in the 1970s and an Oscar nominee for the 1987 film “Children of a Lesser God” — owned an 11,536-square-foot house in the popular and powerfully expensive Trousdale Estates area of Beverly Hills that was sold in July 2013 for $27 million to — so the scuttlebutt goes — a well-connected and clearly very rich Saudi sheikh. The couple have also long maintained significant real estate holdings in Montana. They previously owned a lakefront compound in Whitefish, MT, that was last listed at $5.9 million and sold, according to property records, in late 2014 for an undisclosed amount and they continue to own at least two rustic-luxe properties at the super-exclusive Yellowstone Club near Big Sky, Montana, that are currently for sale. An approximately 6,700-square-foot, custom-built residence on 2.56 acres was first listed in 2014 at $7.9 million and remains unsold at an un-listed price and a 160-acre multi-residence ranch compound is currently available for an undisclosed amount but was first listed in 2013 at $26.5 million and later reduced $21 million.

Listing photos floor plan: LA Lofts Realty

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