×

Megan Ellison Buys House Next Door for $5.25 Million (EXCLUSIVE)

Ever-reliable real estate yenta Yolanda Yakketyyak swears on a mile-high stack of crisp $100 bills that it was software heiress-turned-young-gun super-producer Megan Ellison who quietly and via corporate entity dropped $5.25 million on a slickly renovated house in the Mount Olympus neighborhood, high above Hollywood.

Listing details show the boxy and low-profile, two-story residence has five bedrooms and six bathrooms in 5,240 square feet. Meticulously and expensively finished open-concept living spaces feature wide expanses of electronically operated sliding glass doors, walnut-paneled walls, a Brazilian-marble staircase, a cutting-edge home-automation scheme and a state-of-the-art security system equipped with surveillance cameras. Most rooms open to deep, glass-railed balconies with toe-curling canyon and city-lights views, and set below the house, a large deck offers ample sunbathing space and a small, dark-bottomed pool and spa.

The 0.62-acre property sits directly adjacent to the eight-plus-acre, multi-parcel estate the 29-year-old Ellison bought in several transactions in late 2013 that totaled $30 million. It might seem folly for her to drop another $5 million on the house next door, but wacky are the real-estate ways of the super-rich and, this isn’t the first time young and prodigiously moneyed Miss Ellison has owned neighboring multimillion-dollar residences in Los Angeles; between February 2008 and February 2011, she shelled out a combined $32.6 million for three bluff-edge dwellings in the much-coveted Bird Streets ’hood above the Sunset Strip, which sold over the summer and fall of 2013 for a total of $46.75 million — quite a tidy profit.

Ellison, whose father’s all-but-unfathomable fortune is estimated at well above $50 billion, also maintains a pied-a-terre in lower Manhattan: an architecturally idiosyncratic and luxuriously fitted one-bedroom and one-bath penthouse in a storied Beaux-Arts building with a circular and skylit rotunda-roofed living room that she picked up in May 2013 for $2.8 million.

The property was last listed by Josh and Matt Altman at Douglas Elliman.

listing photos: Hilton & Hyland (via Zillow)

Popular on Variety

More Dirt

  • Dorit Kemsley House Encino

    Real Housewife Dorit Kemsley Snags $6.5 Million Modern Farmhouse

    Though she and her husband, British property developer Paul Kemsley, have been plagued by highly-publicized reports of legal and financial woes, “Real Housewives of Beverly Hills” cast member Dorit Kemsley has managed to cough up $6.475 million for a brand-new Los Angeles mansion, records reveal. Located in a primo pocket of the increasingly posh Encino [...]

  • Twitter CEO Jack Dorsey Selling Hollywood

    Twitter's Jack Dorsey Lists Hollywood Hills Architectural

    Back in August 2018, longtime Twitter and Square CEO Jack Dorsey forked out $4.225 million for an uber-contemporary home set near the very top of the Hollywood Hills. Scarcely a year later, the tech titan’s award-winning property — it was the AIA’s L.A. Residential Architectural Merit Award recipient for 2017, the year it was built [...]

  • Garrett Camp Mansion Los Angeles

    Uber's Garrett Camp Asks $10 Million for Hollywood Hills Mansion

    On the heels of his record-breaking $72.5 million splurge on a brand-new Beverly Hills contemporary compound, Uber and Expa founder Garrett Camp has listed one of his two “starter” homes in the nearby Hollywood Hills. Tucked high above the eternally chic Sunset Strip and bearing more than a passing resemblance to a hulking concrete bunker, [...]

  • Anne Heche House

    Heche and Tupper Split With Rustic Lakeside Cabin

    It’s been about 1.5 years since Anne Heche and James Tupper publicly confirmed they’d parted ways after a decade together and, not surprisingly, they’re now looking to get rid of their formerly shared homes in both Los Angeles and the southern California mountain resort community of Lake Arrowhead. The erstwhile couple’s stylishly dressed Hollywood home [...]

  • Todd Chrisley Mansion

    ‘Chrisley Knows Best’ Stars Try to Sell Nashville Mansion Amid Fraud Indictment

    Just two months after they plunked down nearly $3.4 million for a stately mansion in the tony Nashville suburb of Brentwood and two months before they pleaded not guilty and posted a combined $200,000 bond for their release this week on a multi-count indictment that alleges myriad financial crimes, Todd and Julie Chrisley of USA [...]

  • Paul Schrader Condo

    Paul Schrader Writes Himself Out of Manhattan Condo

    After almost a decade of ownership, vaunted veteran movie scribe and director Paul Schrader plans to write himself out of a glass-walled condominium in New York City’s trendy, art-gallery filled West Chelsea neighborhood with a ticket price of $3.25 million. The 2019 Oscar nominee (“First Reformed”), who has written and, in some cases, directed an [...]

  • Justin Bieber Mansion

    Justin Bieber and Hailey Baldwin’s Snazzy Toluca Lake Rental Now Up for Sale

    Sometime around Justin Bieber and Hailey Baldwin’s surreptitious marriage last September in a downtown Manhattan courthouse and a handful of months before they dropped $8.5 million on a spec-built mansion in the Benedict Canyon area of Beverly Hills earlier this year, they were rumored and reported to have forked over a knee-buckling $100,000 per month [...]

More From Our Brands

Access exclusive content