George Lucas Makes Off-Market Deal for Impressively Pedigreed Estate in Bel Air

George Lucas
Courtesy of Google/REX/Shutterstock

BUYER: George Lucas
SELLER: H. Ross Perot
LOCATION: Los Angeles, CA
PRICE: $33,900,000
SIZE: 8,932 square feet, 9 bedrooms, 8 bathrooms

YOUR MAMA’S NOTES: Just months after “Star Wars” creator George Lucas announced plans to build an aggressively amorphous Ma Yansong-designed architectural tour de force to house his billion dollar Lucas Museum of Narrative Art in downtown L.A.’s Exposition Park, the sci-fi royal surreptitiously shelled out $33.9 million in an off-market deal first sussed out by our tireless pal Yolanda Yakketyyak for an impressively pedigreed property in a covetously plummy pocket of Bel Air.

Known as Mi Patria, the .89-acre spread was acquired via a mysterious corporate entity from billionaire businessman and two-time presidential candidate H. Ross Perot who bought the estate in March 2013 for $18 million from music industry mandarin Freddy DeMann. A deep dive into property records shows Mister DeMann, founder of Maverick Records, acquired the property in 2001 from late philanthropist Nancy Daly who purchased the property with her first ex-husband, veteran entertainment executive Robert Daly, sometime before 1992. Since the deal went down outside the Multiple Listing Service there aren’t current descriptions of the property — at least not that we turned up — but archived marketing materials from the time Mister Perot purchased the property in 2013 indicate the approximately 10,000-square-foot Spanish villa was built in 1929 and renovated to “exacting standards” with five bedrooms and eight bathrooms.

Any number of changes may have been made to the house and grounds during Mister Perot’s ownership but at the time of its 2013 sale plushly appointed interior spaces included: a stately stone-walled double-height entrance hall with sweeping wrought iron railed staircase; a grand scale formal living room with Parquet de Versailles pattern wood floors and a fireplace flanked by arched display niches; and a formal dining room with French doors to a serene courtyard. The gourmet eat-in kitchen featured a marble-topped double wide center work island and a fireplace while a cozy library with antique mantelpiece converted to a 35mm screening room with a screen that dropped out of the ceiling at the punch of a button. Spacious enough to have a sitting area in front of a fireplace, the master suite also included two deluxely appointed bathrooms and custom-fitted walk-in closets lined in rare woods.

Public rooms on the main floor opened to a vast arched loggia and sun-splashed terrace surrounded by lush, tropical gardens. There were several colorfully tiled fountains, verdant rolling lawns, a small putting green and an azure mosaic tiled swimming pool backed by an ever-so-slightly curved open-air pool cabana with fireplace. Behind the pool cabana a detached two-car garage has additional living space above.

Some of the other estates in the immediate vicinity are owned by A&M Records co-founder Jerry Moss, former Yahoo chairman and CEO Terry Semel, former Walt Disney chairman and CEO Michael Eisner, and recently deceased Paramount Pictures chairman and CEO Brad Grey.

Mister Lucas, who presides over an elephantine fortune the bean counters at Forbes estimate at $5.2 billion, and his wife Mellody Hobson, president of a Chicago-based investment firm, maintain a baller-style portfolio of high maintenance properties that include the 4,700-acre Skywalker Ranch near the northern California community of Nicasio as well as a 15,000-square-foot mansion in the nearby town of San Anselmo. The couple additionally maintains a custom-built compound on 1.7 spectacular oceanfront acres in Carpinteria, CA, they snapped up in late 2010 for $19.5 million and a 65th floor condo in a swanky Chicago high-rise scooped up just over two years ago, in May 2015, for $18.75 million.

aerial image: Google

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  1. Toni says:

    Omg people living on the streets and the guy buys all this garbage for himself?????
    Why not build public housing for the disadvantaged…you know the discarded relatives of people who gave you the money you have.
    It’s sickening.
    Build public housing and make public funded jobs for them.
    No brown and garcetti give the disadvantaged ‘ vouchers ‘ to burden the public further forcing a degradation of prime housing values with occupants that need health care and psych care;
    because our leaders are LAZY!!!!!
    TOO LAZY TO BUILD THE PUBLIC HOUSING AND MENTAL HEALTH CARE LIVING FACILITIES that were abandoned years ago just to balance an obscene budget, the same abandonment that is being forced onto the prison facilities.

    • Dunstan says:

      Toni,

      Wake up and smell the coffee. Read this from Forbes magazine from about 5 years ago:

      Donating Star Wars Billions Will Make George Lucas One Of The Biggest Givers Ever

      Brian Solomon , FORBES STAFF

      George Lucas introduced the world to Star Wars back in 1977, and he profited handsomely from it. Now, after selling the mega-franchise to Disney for $4.05 billion, Lucas is preparing to give back in a big way.

      In a statement released to The Hollywood Reporter, a Lucasfilm spokesperson said that once the sale is final, the Hollywood billionaire will donate most of the haul to charity: “George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors.”

      The move isn’t a complete surprise (although the sale may have been). Lucas signed on to Bill Gates and Warren Buffett’s Giving Pledge back in July of 2010, promising to give at least half of his wealth away by the time of his death.

      “I am dedicating the majority of my wealth to improving education,” Lucas wrote in his pledge letter. “It is the key to the survival of the human race. We have to plan for our collective future — and the first step begins with the social, emotional, and intellectual tools we provide to our children. As humans, our greatest tool for survival is our ability to think and to adapt — as educators, storytellers, and communicators our responsibility is to continue to do so.”

      Lucas founded the George Lucas Educational Foundation and the website Edutopia to reform and improve K-12 education. The foundation emphasizes hands-on, project-based learning over plodding devotion to standardized tests and traditional textbooks. It highlights innovative teaching efforts that are already working in classrooms. You can read more about Lucas’ efforts in a Q&A with Forbes’ Luisa Kroll.

      While Lucas may choose to donate the billions he made from selling Lucasfilm to a broader range of efforts, it is likely that a large portion will be distributed to this cause. And when Lucas does make that donation official, he will have placed himself into rarified company among philanthropists. Only a select few billionaires will have given away as much as he plans to. While his $4 billion won’t get him as far as Gates or Buffett, who have donated more than $45 billion combined, Lucas is following their example and should reach the next tier of biggest givers.

      George Soros has given over $8 billion and IntelINTC -0.25% founder Gordon Moore has donated more than $6 billion. The wealthiest man in the world, Carlos Slim Helu, has reached $4 billion and counting. Lucas will also join other major philanthropists like Eli Broad, George Kaiser, and Michael Bloomberg among those giving back more than a billion dollars total to charitable efforts.

      It’s an admirable goal for the world’s richest film director. After tickling the imaginations of kids everywhere with lightsabers and the Millenium Falcon, maybe now he can focus all of his attention on helping those same kids learn and thrive in the classroom.

      Brian Solomon was a Forbes staff writer from 2011 to 2017 covering technology, entrepreneurs, billionaires, and more. Follow him on Twitter, Facebook and LinkedIn.

  2. CNote says:

    This is incorrect… this was on by Perot Jr. NOT the Presidential candidate.

  3. chopp5 says:

    Hyperiflation is right! I’m waiting for the big crash. This cant go on. Anyway, it’s a beautiful house. I was shocked to learn that he bought a beautiful Mid Century Modern house in Carpeteria, tore it down, and put a ridiculous Cape Cod pile in its place.

  4. Nancy Morris says:

    $34 Million today. $18 Million three years ago. Yikes! Hyperinflation is with us.

    • Jsmooth says:

      They are not making any more land, prices will only go up. These are all cash buyers so they don’t care what they pay, it’s about having a lifestyle you want not the money. Welcome to the Platinum Triangle, going up at 9% a year for the last 50 years.

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