×

Robert Flaxman, Embroiled in College Admissions Scandal, Buys Neighboring $11 Million Mansion

Location:
Beverly Hills, Calif.
Price:
$11.23 million
Size:
5,573 square feet, 3 beds, 5 baths

Though he’s facing a slew of charges and up to 20 years in prison for his role in the highly-publicized college admission scandal, bigshot real estate developer Robert Flaxman isn’t letting any pesky legal woes dog his real estate game. Just last week, records reveal, he tossed down a hefty $11.23 million for his next door neighbor’s house in prime Beverly Hills.

But Flaxman has never been one to shy from attention. The flamboyant Crown Realty & Development CEO, who was formerly engaged to ex-Playboy Playmate Kristen Nicole and owns not one but two Rolls Royces that he uses as daily drivers, has long been famous among a certain segment of Angelenos for his mansion pool parties, which are frequently attended by an assemblage of scantily-clad young women. Known as “Robert Emerald” to his younger friends, the name he continues to use on social media, Flaxman enjoys an extravagantly spendy lifestyle.

That spending extends to his personal real estate collection. Two summers ago, the 63-year-old developer dropped just over $12 million to acquire a Regency-style villa in Beverly Hills, on a quiet cul-de-sac north of Sunset Boulevard. As seen in gallery images, the renovated 1970 structure features a windowless red brick front facade, neutral interior decor, and all the requisite modern luxury amenities — a swimming pool, multiple fireplaces and an eat-in kitchen with fancy appliances — in just over 5,500 square feet of living space. Flaxman has since made the property his main residence.

Popular on Variety

The $11.23 million house next door was never on the market, so no interior photos are available, but records show the low-slung midcentury modern last sold over 30 years ago, underwent an extensive remodel in the 1980s and also contains just over 5,500 square feet of multi-winged living space. There are three bedrooms, five bathrooms, detached garaging for three vehicles, a wee guesthouse and a fan-shaped swimming pool.

It’s not yet known for certain what future plans, if any, Flaxman has for his $23.3 million Beverly Hills compound, but it seems likely that a veteran developer such as himself will want to maximize the property’s value by uniting the two parcels that comprise his 1.65-acre property into a single, cohesive estate. The easiest way to do that, of course, is by demolishing both structures and starting afresh with a single megamansion. And since neither existing house is of particular historic architectural significance, it would seem that route — should he choose to pursue it — is open to him.

Also worth noting is that Flaxman now owns two of the three homes that comprise his wee cul-de-sac. Should he buy the third property — which is significantly smaller and less valuable than the two he already possesses — he may be able to create his own private gated street, a very rare opportunity in Beverly Hills. And this is indeed prime real estate; his compound is located just a stone’s throw from trendy Trousdale Estates and happens to sit immediately adjacent to the historic Greystone Mansion and directly below The Knoll, the $100+ million megamansion owned by Harbor Freight Tools billionaire Eric Smidt.

And in addition to his $23 million Beverly Hills compound, Flaxman — who has pled guilty to charges he paid a total of $325,000 to help his daughter cheat on the ACTs and secure his son’s admission to the University of San Diego — continues to maintain a multimillion dollar Laguna Beach, Calif. getaway located inside the prestigious Emerald Bay guard-gated enclave.

More Dirt

  • Meghan Markle House Malibu

    Meghan Markle, Prince Harry Eyeing Kylie Jenner's Former Malibu Rental House

    Although they’re currently bunking up in a $14 million Vancouver mansion, it’s long been widely speculated that ex-royals Meghan Markle and Prince Harry eventually plan to settle in Los Angeles, where Markle was raised and where her mother, Windsor Hills-based Doria Ragland, still resides. It was Caitlyn Jenner who first leaked the news that the [...]

  • Russell Brand House Los Angeles

    Russell Brand Snags Hacienda-Style Hollywood Hills Hideaway

    English performer Russell Brand has opted to ring in the new decade by springing for a celeb-style new house in the proverbial heart of Hollywood. The stand-up comic and occasional blockbuster actor (“Forgetting Sarah Marshall,” “Get Him to the Greek”) has paid just over $3 million for a very private property in Outpost Estates, a [...]

  • Dwyane Wade Gabrielle Union House Hidden

    Dwyane Wade, Gabrielle Union Drop $20 Million on Hidden Hills Mega-Manse

    Though they spent a fortune in 2018 on a big, brand-new mansion in the affluent foothills above Sherman Oaks, Calif., word on the celebrity real estate street is Gabrielle Union and Dwyane Wade have already substantially upgraded their residential circumstances with the roughly $20 million off-market purchase of a brand-new mega-mansion in the guard-gated and [...]

  • Kaley Cuoco House Hidden Hills

    Kaley Cuoco, Karl Cook Buy $12 Million Hidden Hills Estate

    Although they’ve been married for nearly two years, “The Big Bang Theory” alum Kaley Cuoco and billionaire heir Karl Cook still do not live together. (“We have an unconventional marriage,” Cuoco’s previously noted.) But that unusual setup looks like it has changed, or soon will, because the pair have jointly purchased their very first family [...]

  • Zaha Hadid Buildings Architect

    Zaha Hadid's Lasting Legacy on the International Architecture Community

    When a building designed by Zaha Hadid takes shape in your city, you might think for a second you’ve time-traveled 100 years into the future. But don’t worry. Marty McFly and his DeLorean won’t be waiting outside your front door. Four years after her death from a heart attack at 65, the innovative Iraqi British [...]

  • Adam Pritzker House Los Angeles

    Adam Pritzker Downsizes to $8.5 Million Beverly Hills Villa

    Though he’s still struggling to unload his Beverly Hills “starter” home — a lovely 1920s Spanish estate that’s lingered on and off the market for over two years — youthful entrepreneur Adam Pritzker has already moved on to greener pastures, quietly purchasing a slightly smaller villa on a good street elsewhere in the Beverly Hills Flats [...]

  • Joachim Ronning House

    Joachim Rønning and Amanda Hearst Buy L.A.’s World-Famous Wolff Residence

    Maverick architect John Lautner’s Wolff Residence, a world-famous architectural tour-de-force dramatically cleaved to an almost vertical hillside above L.A.’s Sunset Strip, was sold last week for $5.9 million. Someone in a position to know first whispered and tax records confirm the new owners are recently wed Norwegian film director Joachim Rønning — he helmed the [...]

More From Our Brands

Access exclusive content