×
You will be redirected back to your article in seconds

Megan Ellison Makes $35.7 Million Off-Market Deal to Sell Mountaintop Mansion

SELLER: Megan Ellison
LOCATION: Los Angeles, CA
PRICE: $35,700,000
SIZE: (approx.) 10,000 square feet, 6 bedrooms, 8 bathrooms

YOUR MAMA’S NOTES: Although none of the property record databases we checked yet reflect a change of ownership, word on the high-end Tinseltown real estate street is that software heiress turned powerhouse film and television producer Megan Ellison made a surreptitious, off-market deal to sell her mountaintop estate in L.A’s Mount Olympus neighborhood for $35.7 million. Ellison purchased the multi-acre property in late 2013 for $20 million and later spent another $10 million on two additional vacant parcels that ballooned the size of the estate to not quite 8.25 acres. According to the Hollywood Reporter, who first caught wind of and reported the under-the-radar transaction, all eight-and-some acres were included in the deal. The buyer has yet to be identified but we’ve heard unconfirmed rumors it’s a big-name developer.

Prominently sited on a private promontory high above Laurel Canyon, Hollywood and West Hollywood, the curvilinear, architecturally eccentric 10,000-square-foot residence was originally designed by relatively unknown architect Richard Schwartz and built in 1990. The property was long owned by internet news pioneer turned venture capitalist Eddie Aslanian who was well-known as a host of large, loud, and — allegedly — sometimes sordid soirees.

At the time of Ellison’s purchase, the main residence contained six bedrooms and eight bathrooms and there were two self-contained apartments for guests or staff. At the front of the house a gated drive leads to a motor court capable of accommodating two-dozen or more cars and at the back, where Ellison removed a sand volleyball court, there’s a lagoon-style swimming pool and grotto, a vast expanse of lawn that falls away to steep, undeveloped hillside and a small pavilion with unobstructed views that sweep over the city from the downtown skyline to the Pacific Ocean.

Ellison later acquired a nearby residence, a sleekly finished contemporary with five bedrooms and 5.5 bathrooms, that’s been available on the open market for nearly a year, first at $5.9 million and now at $4.395 million. Although she can no doubt more than afford it, unfortunately for her, the current asking price nearly a million dollars under than the $5,250,000 she paid for the property in March 2015.

The thrice Oscar-nominated producer decamped Mount Olympus for in a posh and plummy pocket of Beverly Hills where in December 2016 she paid celebrated cinematographer Janusz Kaminski $15.5 million for a 1.12-acre compound sequestered behind gates at the end of a long, gated and tree shaded drive. The compound comprises a 1920s Spanish-style main residence of 4,954-square-feet, a one-bedroom and one-bathroom guest cottage and a glass-walled contemporary pavilion designed as an office and media lounge with a drought-tolerant green roof. Earlier this year, as she is wont to do, the deep pocketed, property mad producer shelled out another $6,895,000 for a neighboring property that hosts a low-slung mid-century modern fixer upper of 4,351-square-feet designed by architect Alfred T. Wilkes and built in 1957.

Unsurprisingly, the prolific producer, who has ten or twelve high-profile projects in various stages of production including the Cate Blanchett starring “Where’d You Go, Bernadette,” also maintains a multi-million dollar real estate foothold in New York City where, true to real estate form, she owns at least two units in the same storied Beaux-Arts building in lower Manhattan’s Soho ‘hood. In May 2013 she paid $2.8 million for an idiosyncratic one-bedroom and one-bathroom penthouse with a circular, dome-roofed living room and in early 2016 property records indicate she coughed up another $3.425 million for the two-bedroom and two-bathroom unit next door.

 

More Dirt

  • 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 [...]

  • Simon Helberg House

    Simon Helberg Upgrades to Celeb-Pedigreed Pad in Los Feliz (EXCLUSIVE)

    Simon Helberg has marked the end of his long, lucrative run as one of the high-paid co-stars of the spectacularly popular megahit sitcom “Big Bang Theory” with the just shy of $6.9 million acquisition of a conscientiously restored and updated, early 1930s Spanish Colonial residence in one of the more coveted neighborhoods in L.A.’s Los [...]

  • Steve Kloves House

    Steve Kloves Lists Loft-Style West Hollywood Condo

    Screenwriter and occasional director Steve Kloves has put his West Hollywood condo up for sale at next to $1.2 million. Kloves, who wrote and directed the critically acclaimed box office disappointment “The Fabulous Baker Boys,” acquired the loft-style unit less than a year ago for just under $1 million dollars. The nearly 1,300 square foot, [...]

  • Byron Allen House

    Byron Allen Adds $20 Million Beverly Hills Mansion to Bulging Portfolio

    While he awaits the upcoming Supreme Court review of his high-profile $20 billion racial discrimination lawsuit against Comcast, media magnate Byron Allen has selected an upgraded location for residential relaxation. The owner and founder of billion-dollar Entertainment Studios — which owns The Weather Channel and Fox Sports Group, among other assets — has splashed out nearly [...]

  • BD Wong House

    BD Wong Buys Into Deconsecrated Brooklyn Heights Church

    Star of stage and screen BD Wong has picked up a $1.25 million duplex apartment in a deconsecrated Gothic Revival-style former Presbyterian church on a bustling corner in Brooklyn, N.Y.’s historic, charming and relatively affluent Brooklyn Heights neighborhood. First sussed out by the property gossips at the NY Post and listed with Terry Naini and [...]

  • Jan Koum House

    WhatsApp Co-Founder Jan Koum Assembles an $80 Million Atherton Compound

    The leafy California town of Atherton has long garnered fame for its residents, many of whom are among the nation’s wealthiest. In the decades following its 1860s beginnings, when city founder Faxon Atherton and other Gold Rush-rich capitalists chose to build their country estates in the area, Atherton became known as a bastion of quiet [...]

More From Our Brands

Access exclusive content