You will be redirected back to your article in seconds

Restoration Hardware CEO Gary Friedman Sells in Napa Valley and Beverly Hills (EXCLUSIVE)

St. Helena & Beverly Hills, Calif.
$7.55 millon & $11.33 million

Style-savvy and always deeply tanned chairman and co-CEO of home renovation and décor juggernaut Restoration Hardware Gary Friedman has substantially lightened his considerable residential real estate load with the sale of two multi-million dollar properties, one in northern California’s Napa Valley and the other in SoCal’s Beverly Hills

In the spring of 2013, Friedman paid $5.9 million for a one-acre wine country retreat just outside the charming Napa Valley town of St. Helena, spent the next couple of years and a considerable fortune on a comprehensive renovation and set it out for sale in late summer 2016 amid piles of publicity with an optimistically aggressive asking price of $10.5 million. The price plummeted to $8.5 million before it was sold at a steep discount last month for $7.55 million. Picturesquely surrounded by vineyards and dubbed Eight Palms, the chichi estate has a 5,410-square-foot main house set amid manicured grounds and done up in a rigorously subdued palette of greys and taupes with five lavish en suite bedrooms, a huge outdoor living room with fireplace, a fitness/yoga studio with massage room and a 630-square-foot one-bedroom/one-bath poolside guesthouse.

The year after he picked up Eight Palms, just before Halloween 2014, the mass-market retailing veteran, previously a top executive at Williams-Sonoma and Pottery Barn, coughed up $9.9 million for a low-slung, sleekly updated 1960s contemporary pavilion in the lower Trousdale Estates area of Beverly Hills that he listed over the summer (2017) at $11.995 million and sold for $11.33 million. The approximately 4,300-square-foot single-story residence has four bedrooms and four full and two half bathrooms. A short bridge passes over a shallow reflecting pool and links the gated motor court to floor-to-ceiling double front doors set between huge panes of floor-to-ceiling glass. Circular pattern filigree panels divide the entrance gallery from the living room that features an inset “carpet” of white marble surrounded by ashy-brown wide plank floorboards along with a 10-foot ceiling and a vast, telescopic row of glass panels that disappear into the wall. The adjoining dining room gets a double dose of drama with a gigantic circular window and a double-sided fireplace shared with a dapperly tailored kitchen. The master suite features a full wall of glass that slips into the walls and opens the room the backyard’s sunbathing and lounging terrace along with a boutique-style dressing room and a bathroom lined mausoleum-like on the floor and walls with beautifully book-matched slabs of grey-veined white marble and a solid panel of glass that vanishes into the wall so one can step from the shower area directly into the swimming pool.

Even with the sale of two significant and, by any financial standard, pricey properties, Friedman still presides over an impressive portfolio of private residences that includes a Tuscan-inspired neo-Mediterranean villa perched on a steep slope in the posh Marin County enclave of Belvedere where it has a sweeping view over the San Francisco Bay from the downtown skyline to the Golden Gate Bridge and Mount Tamalpais. Friedman custom-built the multi-story residence with is now ex-wife, designer Kendal Agins, and had it featured in Architectural Digest in 2008. Several months after he bought the Eight Palms estate in St. Helena, he caught a classic case of the Real Estate Fickle — he’s said he wanted something closer to Restoration Hardware’s not entirely opponent-free food, wine, art and design complex RH Yountville — and set his real estate sights on a larger estate in tiny but sophisticated Yountville, a 4.58-acre spread with a nearly 7,000-square-foot residence surrounded by vineyards he acquired in August for $9.15 million.

listing photos (St. Helena): Sotheby’s International; (Beverly Hills): Westside Estate Agency

More Dirt

  • Rene Russo and Dan Gilroy Rent

    Rene Russo and Dan Gilroy Rent Out a Brentwood Home

    A well-maintained early 1990s contemporary hidden down a long, gated driveway along one of L.A.’s most exclusive streets, owned by actress Rene Russo and screenwriter husband Dan Gilroy, has come available as a fully furnished rental at $19,500 per month. Perched high amid dense and leafy treetops on just over an acre of wooded hillside [...]

  • Rachel Griffiths Selling Encino Home

    Rachel Griffiths Aims to Sell Encino Property

    Rachel Griffiths has her comprehensively upgraded and casually sophisticated mid-century pavilion on a discreet cul-de-sac in the upscale foothills above L.A.’s Encino neighborhood available at just under $1.75 million. The “Six Feet Under” and “Brothers & Sisters” star, a 1999 Oscar nominee set to make her cinematic directorial debut in the biopic “Ride Like a [...]

  • Michael Douglas Catherine Zeta-Jones Selling Bermuda

    Michael Douglas, Catherine Zeta-Jones Seek Buyer in Bermuda

    Michael Douglas and Catherine Zeta-Jones famously maintain a sprawling portfolio of plush properties around the globe. And, given that Douglas’ illustrious family has a prominent, multigenerational history on the Caribbean island of Bermuda, it’s no surprise they’ve long kept a multi-residence compound in the island’s tony Warwick Parish — a property that is now up [...]

  • Hary Tanoesoedjo House

    Donald Trump Quietly Sells Beverly Hills Mansion to Indonesian Business Partner

    In a somewhat surprising move, President Donald Trump has sold his longtime Beverly Hills estate, reportedly his last remaining West Coast residential outpost, for $13.5 million in a hush-hush deal that closed off-market. That transaction price is nearly double the $7 million Trump originally paid for the property, which was rarely used in the twelve [...]

  • Bella Thorne House

    Bella Thorne Snags Secluded Mountaintop Estate (EXCLUSIVE)

    Veteran actress, YA genre novelist, poetry writing memoirist andsocial media mogul Bella Thorne, who’s fearlessly assumed the squeaky clean young Disney star-turned-provocative wild child role once pioneered by Miley Cyrus and who frequently posts personal and racy images to her nearly 20 million followers on Instagram, has swapped her conventional suburban home in the San [...]

  • Jay Stein House

    Stein Mart's Jay Stein Hangs $29.5 Million Price Tag on Beverly Hills Modern

    Less than three years after their $22.5 million splurge on an ultra-slick Beverly Hills mansion, businessman Jay Stein and his longtime wife Deanie have officially flipped out, re-listing the rakishly attractive spread with a $29.5 million ask. Though it does not appear the avid midcentury photograph collectors have made any significant alterations to the .77-acre [...]

  • RuPaul House

    Drag Superstar and TV Host RuPaul Lists Home Above the Sunset Strip

    On the much-publicized heels of last week’s premiere of a three-week test run of a self-titled daytime talk show, uninymic drag superstar and budding showbiz mogul RuPaul has put his glamorously dressed, circa 1960s home high in Bird Streets nabe above L.A.’s Sunset Strip up for sale at a number so close to $5 million [...]

More From Our Brands

Access exclusive content