Tom Cruise Sells Beverly Hills Estate to Billionaire Financier Leon Black

Tom Cruise Beverly Hills Estate
Pacific Coast News

SELLER: Tom Cruise
BUYERS: Leon and Debra Black
PRICE: reported to be about $40,000,000
SIZE: 10,286 square feet, 7 bedrooms, 9 bathrooms

YOUR MAMA’S NOTES: Last Fall this property heard word from impeccably plugged in snitches Ann T. Pasto and Our Fairy Godmother in Bel Air that Tom Cruise had surreptitiously engaged the services of at least one prominent real estate broker to quietly shop his Beverly Hills estate as a super-secret whisper listing with a price tag of about $50 million and today the celebrity gossip juggernaut TMZ reported the movie star is said to be in escrow to sell the heavily secured estate for around $40 million to conspicuously profligate private equity multibillionaire Leon Black. Mister Cruise and his third ex-wife, Katie Holmes, purchased the 1.3-acre spread in April 2006 for $30.5 million — the seller was Platinum Triangle real estate mover and shaker Kurt Rappaport who co-owns the prestigious Westside Estate Agency — and according to the L.A. County Tax Man’s records and other online resources the posh spread provides a 10,286-square-foot multi-winged manor house with seven bedrooms and nine bathrooms plus a motor court that circles up around a fountain, lighted tennis court with basketball hoops, lap-length swimming pool, children’s playground, and a couple of ancillary apartments for guests and/or staff.

The three-time Oscar nominee and outspoken Scientologist, now 53 and still a reliably bankable star — the latest installment of his high-octane “Mission: Impossible” franchise (“Rogue Nation”) has all by itself generated nearly more than $680 million dollars in worldwide box office receipts, has been much in the mood to lighten his once fat property portfolio. In 2013 he sold a 10th-floor condo at the American Felt Building in New York City’s East Village neighborhood for $3 million, last September (2015) he quietly unloaded a multi-residence compound above Mulholland Drive in the Hollywood Hills for $11.4 million to “Telenovela” star Eva Longoria, and his rustic-luxe 298-acre compound in Telluride, CO, remains available on the open market at $59 million.

Mister Black, an art hoovering Manhattan-bred financier whose fortune is estimated at $4.7 billion — in 2012 he paid $119.9 million for Edvard Munch’s iconic “Scream” painting and the following year coughed up $47.9 million for a small drawing by Renaissance master Raphael, is certainly no stranger to the property gossip columns. In the fall of 2014 he and his wife, theater producer and dedicated melanoma activist Debra Black, paid London developer Christian Candy $50.25 million for a 30-room Italian Renaissance-style fixer-upper mansion on New York City’s Upper East Side and last year they shelled out $16.5 million for a 4,730-square-foot ocean-view condo at the sensually curvaceous Faena House in Miami Beach, FL, that’s likkety-split already back up for sale at $18.5 million. Our research indicates the Manhattan-based Blacks’ extensive private residential holdings also include a sprawling, full-floor co-operative apartment in a prestigious Park Avenue building along with a 100-plus-acre country estate in bucolic Bedford, NY, and a multi-residence compound in Southampton, NY, that spans 6.68 couldn’t-be-more-prime oceanfront acres.

Aerial photo: Pacific Coast News

Filed Under:

Post A Comment 11

Leave a Reply


Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. raintree667 says:

    Who cares? Maybe he will move to New Guinea.

  2. Dunstan says:

    There’s such a thing as simply having too much money.

  3. Desert Donna says:

    TMZ says Beyonce got beat out on a Bel Air house by Tom Ford. Anyone? Bueller?

    • Rabbi Hedda LaCasa says:

      Yes, however, the house is located at 809 N. Hillcrest in Beverly Hills, and not in Bel Air.

      • Desert Donna says:

        Thank you Rabbi. Did Mama previously report on it? Or anything you can share?

  4. Tony says:

    I never liked this estate because it seems like they squeezed it onto such a small lot. I have seen estates on bigger lots in the bel air/beverly hills area sell for around $15 million. Those estates that sold for less may have needed a little work. But I rather buy a $15 million home on a bigger lot and renovat it or tear it down and build a mega mansion than spend $40 million to $50 million for a home like this on a small lot. Now this home would be nice for around $20 million or less. But for the price he is asking I think the lot is just too small. It looks like it is only 1 acre. It should be at least 1.5 acres for this kind of money. There is barely a front lawn because it is all taken up by the tennis court and there is barely a back lawn because it is all taken up by the pool. A house in this price range should have a tennis court and pool and still have a decent size lawn and park like grounds with gardens. Also the house should be over 25,000 square feet for this price.

    • Rabbi Hedda LaCasa says:

      I dropped Mama a line last night; of course she already knew, and reminded me the seller is Kelly Wearstler. Recent photos document a moderately deWearstlerized interior.

      • Desert Donna says:

        Thank you Rabbi and Shalom. TMZ made it sound as if there was a bidding competition between Beyonce and Ford, however the Hillcrest place has been shopped (at least off market) for a while? There is a story here somewhere.

      • Rabbi Hedda LaCasa says:

        (The response above is for Desert Donna.)

    • Desert Donna says:

      I agree Tony. I never could see why this was such an expensive place. I know its in a very desirable area of Beverly Hills and I have never viewed interior photos to see inside. However it does seem to overstep the lot (any decent sized party would require on street parking or a shuttle) and the style is just so so.

  5. That place is amazing. I don’t know if I’d ever get a place with a tennis court, though, personally…

More Dirt News from Variety