You will be redirected back to your article in seconds

Bai Brands Billionaire Ben Weiss Buys in Bel Air

Mark & Semira Moshayedi
Bel Air, Los Angeles, Calif.
$27 million
7,942 square feet, 5 beds, 6 baths

Most folks can’t afford a $27 million house, so it may seem odd that those who can often see the house not as a home but rather a canvas ripe for extensive customizations. Or, in some cases, a total teardown. And in Bel Air, where properties have sold for $70 million and up, such cases are merely routine.

Last month, ultra-wealthy beverage entrepreneur Ben Weiss shelled out $27 million — in cash, apparently — for a 1.28-acre estate on a prime Bel Air promontory. Though the lot currently contains a rambling, nearly 8,000 sq. ft. house, it would seem that 99% of those property’s value lies in the land itself. From the hilltop perch, there are jetliner views stretching from the Downtown L.A. and Century City skylines to the Pacific Ocean.

And it’s something of a miracle how rapidly that land has gained in value. Ten years ago, the same house fetched $9.2 million from billionaire Jerry Perenchio, the late multibillionaire founder of Univision Television. Perenchio — who long owned the far larger Chartwell estate nearby — reportedly used this place as little more than an extra parking lot for his multitude of household staff.

In late 2018, following Perenchio’s death, the estate was sold for exactly $16 million to Newport Coast, Calif.-based investor Mark Moshayedi, who only held onto the property for a year before flipping it to Weiss at an $11 million profit before taxes, closing costs and always-hefty realtor fees.

The U-shaped residence has a distinctive stone front entryway that lends the property a decidedly John Elgin Woolf-style vibe, and there are floor-to-ceiling walls of glass that drink in the spectacular views. Originally built in 1951, the low-slung structure includes five bedrooms, six baths, a gated driveway and generous motorcourt.

Weiss, who founded the beverage company Bai Brands a decade ago in his New Jersey basement, became an overnight billionaire — or something close to it — in 2016, when he sold his company to Dr. Pepper in an all-cash $1.7 billion deal. Following the acquisition, Weiss remained as CEO for a short while but ultimately departed Bai under unclear circumstances.

Realtors Branden and Rayni Williams at Hilton & Hyland handled the transaction.

Popular on Variety

More Dirt

  • Ali Tamposi House Los Angeles

    'Señorita' Songwriter Ali Tamposi Lists 1930s Los Feliz Villa

    Though she’s not quite a household name in the vein of Ryan Tedder or Taylor Swift — or even Dr. Luke and Max Martin — 30-year-old Florida native Ali Tamposi is a powerhouse songwriter responsible, either in full or in part, for some undeniably catchy pop ditties. A small sampling of her credits include Kelly [...]

  • Jessica Walter House Pound Ridge

    Jessica Walter Struggles to Sell in Pound Ridge

    An eagle-eyed property snitch sent word that the semi-suburban country getaway owned by married actors Jessica Walter and Ron Leibman in pastoral Pound Ridge, N.Y., is available with a freshly reduced price of just under $700,000. Leibman and Walter, she a stage and screen veteran best known by modern-day audiences as the imperious, spoiled matriarch [...]

  • Walter Hill House Malibu

    Walter Hill’s Broad Beach Micro-Compound for Sale

    Hollywood polymath Walter Hill has hung a price tag of close to $9 million on a loft-inspired, oceanfront residence along Malibu’s prestigious, fearsomely expensive — and unfortunately shrinking and, hence, ironically named — Broad Beach. Tax records show the prolific, two-time Emmy-winning film and television writer, director and producer and his talent agent wife, Hildy [...]

  • Brennan Elliott House Los Angeles

    Brennan Elliott Lands Studio City Home

    Canadian-born and Julliard-trained actor Brennan Elliott, the excessively vain host of fictional dating reality show “Unreal” on Lifetime, has put down some serious real estate roots in Los Angeles with the $2.2 million purchase of a family-sized residence in the foothills of the rapidly gentrifying community of Studio City. Listed with Diana Braun of Compass, [...]

  • Bill McDermott House Atherton

    Bill McDermott Buys David Sacks' $22 Million Silicon Valley Estate

    One-eyed corporate mogul William “Bill” McDermott achieved tech legend status as SAP’s longtime CEO. During his near-decade as head (or co-head) honcho at the German tech firm, he transformed the struggling software giant into one of the world’s most highly-valued companies. Last month, in a somewhat surprising move, McDermott left SAP and quickly pivoted to take [...]

  • Norah Jones House

    Norah Jones Lists One of Two Brooklyn Townhouses

    Singer-songwriter Norah Jones has made her historic townhouse in Brooklyn’s leafy, historic Cobble Hill neighborhood available at exactly $8 million. The famously private torch singer, whose 2002 debut album “Come Away With Me” sold more than 10 million copies and earned her five Grammy Awards, and whose most recent album, “Begin Again,” dropped earlier this [...]

  • Katie Holmes House

    Katie Holmes Looks to Shed West Coast Home

    New York City-based actor and style icon Katie Holmes has put her West Coast residence in L.A.’s expensive and celeb-packed if not exactly fashionable far-western suburbs on the rack at just over $4.6 million. Tucked into an affluent, guard-gated community chock-a-block with famous folk, the “Kennedys After Camelot” star, set to appear on the silver [...]

More From Our Brands

Access exclusive content