Heidi Klum Kashes In

SELLER: Heidi Klum
BUYER: Kenneth Panzer
LOCATION: Los Angeles, CA
PRICE: $24,000,000
SIZE: 12,300 square feet, 8 bedrooms, 9.5 bathrooms

YOUR MAMA’S NOTES: Every property gossip on the planet has already discussed how supermodel turned Emmy-winning reality TV mogul Heidi Klum sold her 8.4 acre estate in a posh guard-gated enclave in L.A.’s quietly über-affluent Brentwood area for $24 million but Your Mama’s gonna weigh in anyways…

The German-born blond and her musician ex-husband, Seal, acquired the property out of foreclosure — if y’all can believe that — in December 2010 for $14,200,000. The $24 million recorded sale price means Miz Klum realized a small but proper $9.8 million fortune over the 3.5 years she owned the estate.

The buyer of Miz Klum’s estate shows up in property records as an obscurely named corporate entity so we did what we often do and queried well-informed Platinum Triangle real estate insider Peter Propertyseller who whispered to Your Mama that word on the real estate street is that the buyer of the Klum’s old krib is Kenneth Panzer, the well-compensated COO of a Southern California real estate conglomerate who, Your Mama’s research shows, already owns a 9,000-plus-square-foot bluff-top mansion in Malibu’s Point Dume area he and his missus, Theresa, scooped up in 2001 for $6.95 million.

A few of the more interesting features of the 12,300-square-foot Italian-esque villa that the children might like to diss and/or discuss include a train station sized double-height foyer, a formal dining room sheathed in boiserie ripped from the private dining room of a hotel in Paris, and a library outfitted with glass-fronted and slightly sinister looking ebonized cabinetry once installed in Napoleon’s country house. The 9.5-bathroom behemoth also contains a family room off the expensively and extensively appointed kitchen, a game room, home office, temperature-controlled wine cellar, and a home theater with rivet-accented upholstered walls.

Not surprisingly, one of the seven guest/family bedrooms was done up for Miz Klum as a professional grade dressing and styling room and the sprawling master suite encompasses a bedroom, separate sitting room, private ocean-view terrace, dual bathrooms and extensive fitted closets capable of turning any fashion savvy clothes horse’s knees go jelly with desire and envy.

The high-maintenance spread includes three flat and largely landscaped acres, an infinity-edged swimming pool and spa, formal rose gardens, several fountains and a koi pond, a gazebo or two, sweeping lawns, a children’s playhouse, meandering hiking trails, and a rolling green for putting and driving golf balls into the canyon.

The guard-gated enclave is home to a handful of rich and famous folk who include sit-com super-producer Kevin Bright and philandering former California governor and aging action flick movie star Arnold Schwarzenegger who both own mansions just down the street. Amid much ballyhoo and flabbergast in the celerity real estate gossip columns, Dr. Dre and Nicole Threatt recently paid exceptionally well reimbursed model Giselle Bündchen and her also highly remunerated professional pigskin tosser husband, Tom Brady, a shell-shocking $40 million for their much larger and newly constructed faux-chateau directly across the street. Miz Klum, in case of the children missed it, moved on to another slightly smaller 11,600-square-foot red brick Neo-Georgian manse in a discreet but swank, guard-gated enclave in Bel Air that she picked up in October 2013 for $9,875,000.

Listing photos: The Agency

Popular on Variety

More Dirt

  • Whitney Cummings House

    Whitney Cummings Quickly Lands Buyer for Former Studio City Home

    Within two weeks of stand-up comedian, TV writer and veteran roaster Whitney Cummings hanging a $2 million price tag on her former home in Studio City, Calif., the extensively updated and privately situated 1960s California ranch has been lickety-split put into escrow to be sold for an unknown amount to an unknown buyer. Cummings paid [...]

  • Kanye West House

    Kanye West’s Former East Coast Outpost Back for Sale

    The longtime former New York City bachelor pad pied-à-terre of rapper turned fashion designer and pop culture provocateur Kanye West has popped up for sale with an asking price of $4.7 million. West acquired the two fourth floor units that comprise the house-sized Soho condo more than a dozen years ago in two transactions that [...]

  • Anastasia Soare House Beverly Hills

    Cosmetics Billionaire Buys $19.5 Million Beverly Park Mansion

    Beverly Park, the star-studded gated community of megamansions tucked high into the mountains above Beverly Hills, has a new billionaire resident: Anastasia Soare, the Romanian-born beauty guru who immigrated to the U.S. as an adult, founded her own Beverly Hills salon in the 1990s, and grew the little business into what is now Anastasia Beverly [...]

  • Kendrick Lamar House Manhattan Beach

    Kendrick Lamar Drops Nearly $10 Million on Manhattan Beach Mansion

    When he’s not performing to packed arenas worldwide — the international “Damn” tour wrapped up last year with over $62 million in gross receipts — Kendrick Lamar has long resided in L.A.’s South Bay region, specifically in the posh seaside city of Manhattan Beach. And after a reported long spell as an area home renter, [...]

  • Sully

    Georgia Attorney General Closes Probe of 'Sully' Tax Credits

    The Georgia attorney general’s office has closed a criminal investigation into Warner Bros.’ use of tax credits on the Clint Eastwood film “Sully,” after state revenue agents declined to pursue the case. The state prosecutor’s office opened a criminal probe two years ago, after a whistleblower alleged that the production had claimed more than $600,000 [...]

  • Reno Wilson House

    Reno Wilson Lists Mount Washington Bungalow

    Versatile actor Reno Wilson, best known for his long run in a supporting role on the popular primetime sitcom “Mike & Molly,” as well as providing character voices in the blockbuster “Transformers” film series, has listed a quirky micro-compound in L.A.’s up-and-coming Mount Washington neighborhood with a not quite $940,000 asking price. Wilson hopes to [...]

  • Keith Powell House

    Keith Powell Looking for Buyer in Hollywood Hills

    Former “30 Rock” actor Keith Powell has an updated 1920s Spanish cottage in the Cahuenga Pass area of the Hollywood Hills up for grabs at $1.2 million. Online listings indicate the property is already pending sale for an unknown amount and tax records indicate the creator and eponymous star of the award winning 2015-16 web [...]

More From Our Brands

Access exclusive content