Greek Shipping Heir Stavros Niarchos III Buys the $15 Million House Next Door

Beverly Hills, Calif.
$15 million
8,213 square feet, 4 beds, 7 baths

Way back in late 2011, a 26-year-old gent named Stavros Niarchos III became a local Beverly Hills, Calif., hero of sorts when he paid $12.8 million for the run-down Kronish House by Richard Neutra, one of the city’s most architecturally significant properties. Though the previous owners had requested a demolition permit for the premises, the pretty pad was spared at the eleventh hour due to public outcry. Preservationists rejoiced after Niarchos scooped up the estate with the intent to restore the ol’ girl’s faded glory.

Today, some eight years later, the property is undeniably stunning once more — all thanks to Niarchos, naturally, who spent untold millions on a painstaking restoration spearheaded by the acclaimed architectural firm Marmol Radziner.

Anyway, the Kronish House happens to sit on a flag lot directly behind a slightly smaller estate that recently popped up for sale with a $22 million ask. After several hefty price chops and many months on the market, that house has just sold for exactly $15 million — to Niarchos, of course.

Built in 1952, the gated “French Country Manor retreat” (per the listing) is set on a 1.34-acre flat lot. Long owned by local couple Herb and Beverly Gelfand, the sprawling mansion boasts over 8,200 square feet of decidedly grand, gilt-trimmed living space. There are multiple fireplaces, parquet hardwood floors, generously proportioned public rooms and maid’s quarters downstairs. The second floor, accessible via elevator, is entirely devoted to a downright hedonistic master suite with dual baths (both equipped with built-in soaking tubs), dual walk-in closets, a sitting room and a private balcony.

The well-maintained grounds include a full-size sports court, a motorcourt capable of accommodating two dozen automobiles, an irregularly shaped swimming pool entirely surrounded by a broad red brick terrace and a croquet-ready oversized lawn.

Plans for the property’s future remain a mystery, but it’s worth noting the house does not appear to be architecturally significant, meaning a proposed teardown would likely be an easily approved affair.

Niarchos, a former professional skateboarder, is a grandson of multi-billionaire shipping tycoon Stavros Niarchos and was most recently in a high-profile relationship with prolific art collector Dasha Zhukova, ex of Russian oligarch Roman Abramovich. But besides his real estate activities, Niarchos is likely best-known to the public for dating Paris Hilton in the mid-aughts, though that fling ultimately swirled down the toilet of love.

The newly upsized $30+ million Niarchos compound, now spanning 3.3 contiguous acres of prime real estate, is situated in what is oft-considered the best neighborhood pocket of Beverly Hills, where some of his other next-door neighbors include Paradigm agency chief Sam Gores, Rockstar energy drink billionaire Russ Weiner and socialite Anna Shay. Also in the immediate vicinity are the Wonderful Company owners Stewart and Lynda Resnick and the new $42.5 million mansion of Ellen DeGeneres.

Sam Plotkin of the Passman Group and Linda May of Hilton & Hyland jointly held the listing and also repped Niarchos.

More Dirt

  • Zayn Malik House

    Zayn Malik Reduces Price on Bel Air Home

    Former boy bander Zayn Malik, who would like to be known mononymously as just Zayn, has re-listed his secluded hideaway in L.A.’s posh Bel Air community with a reduced price of just under $3.2 million. The heavily tatted 26-yearold One Direction star, who released his 27-track sophomore solo album, “Icarus Falls” in December 2018, acquired [...]

  • Harry Styles House

    Harry Styles Takes Huge Hit on Sale of Sunset Strip Home

    Harry Styles was so ready to get rid of his sleekly appointed pied-à-terre above Los Angeles’s perennially chic Sunset Strip, he’s taken a huge loss on the property, selling the multi-level contemporary after more than two years on the market for $6 million. That’s a pearl-clutching $870,000 less than the English pop star paid three [...]

  • Ellen DeGeneres House

    Ellen DeGeneres and Portia de Rossi Slash Price on Hideaway Near Santa Barbara

    Ellen DeGeneres and Portia de Rossi have dramatically slashed the price of a photogenic vintage farmlette near Santa Barbara, Calif., to $7.95 million. The new price is a whopping $1 million dollars under the original $8.95 million ask, but still substantially more than $1 million above the $6.7 million the prolific high-end house flippers paid, [...]

  • Jesse Jo Stark House

    Jesse Jo Stark Pays $10.6 Million for Brad Falchuk's Brentwood Cottage

    When Brad Falchuk — the “American Horror Story” executive producer, “Glee” co-creator, and Gwyneth Paltrow’s new husband — put his celebrity-pedigreed Brentwood Park home on the market for exactly $10 million, property gossips went bananas and qualified buyers flocked to the relatively modest residence. The farmhouse-inspired house subsequently sold in just one month for a whopping [...]

  • Cedric Nicolas-Troyan Lists Sherman Oaks Home

    French Director Cedric Nicolas-Troyan Selling Sherman Oaks Home

    French filmmaker Cedric Nicolas-Troyan, an accomplished visual effects artist-turned-film director who made his directorial debut with the 2016 sequel “The Huntsman: Winter’s War” — a box office disappointment in an otherwise blockbuster franchise — has his mid-century-era home in the affluent foothills above L.A.’s Sherman Oaks up for sale at close to $1.75 million. Slated [...]

  • Randy Travis Selling Nashville Condo

    Randy Travis Says 'Amen' to Condo in Nashville

    Multiplatinum-selling country music mandarin Randy Travis, who rarely performs publicly after a 2013 illness and stroke, has sold a house-sized condominium in the upscale Belle Meade area of ​​Nashville for $545,000, just shy of its $550,000 asking price. The seven-time Grammy winner and 2016 inductee to the Country Music Hall of Fame acquired the top-floor [...]

  • Jho Low House

    Jho Low's Gutted Hollywood Hills Mansion Lists at $15 Million Loss

    Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for $39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own “trophy” modern mansions in the hills. Very soon, the [...]

More From Our Brands

Access exclusive content