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Donald Sterling Buys in Beverly Hills … Again

BUYER: Donald Sterling
SELLER: Tom Whalley
LOCATION: Beverly Hills, CA
PRICE: $18,382,000
SIZE: (approx.) 7,000 square feet

YOUR MAMA’S NOTES: It was our plugged-in Fairy Godmother in Bel-Air from whom we first heard word — and property records now confirm — that publicly pilloried former Los Angeles Clippers owner Donald Sterling shelled out almost $18.4 million in an off-market deal to acquire a well-known Sunset Boulevard estate sold by former Warner Bros. Records CEO and chairman Tom Whalley.

The 1.6-acre estate, famous among Angelenos for its over-the-top holiday decorations, was acquired by Whalley in 2001 for $5.15 million. L.A. County tax records show the existing residence was originally built in the 1950s, and measures in at a smidgen over 7,000 square feet, with five bedrooms and six bathrooms. The residence, clad in rustic stone and shielded by mature specimen trees, sits on a slight knoll, and wraps around a pancake-flat backyard with swimming pool and good sized guesthouse.

The cantankerous real estate magnate, who has faced numerous charges of racism and sexual harassment over the years, and recently announced he filed for divorce from his wife of nearly 60 years, needs another multimillion dollar property about as much as a mackerel needs a pet rhinoceros. In addition to dozens of mostly nondescript, post-’60s apartment buildings throughout L.A., Sterling’s vast portfolio of more than 160 properties includes a nearly 16-acre spread above Malibu’s Point Dume and at least four mansions, all just a couple blocks north of downtown Beverly Hills, that he picked up between late 2012 and late 2013 for a total of just over $17.3 million.

photo: Variety

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