Jeff Bezos' $165M Home and Why New Moguls Love Old Hollywood Estates
Table Of Content
The purchase marks a homecoming for Bezos, who graduated from high-school in Miami, after his Cuba-born stepdad got a job in Florida. Real estate values have soared there, but also for the high-end Miami area in recent years as the region has drawn some of the world’s wealthiest people. Ken Griffin, Dan Loeb and Josh Harris have also scooped up lush waterfront Miami Beach mansions since the pandemic.
The Secret History of Jeff Bezos’s New Mansion
The work on this residence, which Bezos purchased from media mogul David Geffen in February 2020 for a then-record $165 million, has spanned the last four years. In early 2023, however, the work briefly stalled after applications for a new “game court fence” were denied on the technical basis of incompletion. Jeff Bezos keeps making waves, and not just for being the world’s third-richest man with a staggering net worth of $253 billion (US$163 billion). People representing Bezos reportedly contacted at least three other island homeowners to discuss purchasing their properties, Bloomberg reported in early January. Bezos bought the seven-bedroom Indian Creek mansion for $79 million in October, Bloomberg reported, citing unnamed sources.
Bezos recently purchased a home in Indian Creek, another billionaire hotspot.
The 2.8-acre (1.1 hectare) three-bedroom property, built in 1965, was previously owned by MTM Star International, a company with ties to Panama. Public records show the sale took place in June, but the identity of the final buyer was undisclosed. “I hate to be flippant about it, but I do feel it was excellent value because of the land and the estate and the history. With all of that combined, I think Jeff made a very a good deal,” says Rey. The most expensive home sale in California's history at the time, Bezos purchased the house for $165 million from David Geffen, who bought it in 1990 for $47.5 million.
Watch: Jeff Bezos: Blue Origin is 'the most important work that I'm doing'
The 26-room mansion features a 75-foot swimming pool, a five-bedroom guest house, a tennis court, a 12,000-bottle wine cellar, manicured gardens, a secret underground tunnel, and panoramic views of downtown Los Angeles and the Pacific Ocean. When Jeff Bezos purchased a Hollywood estate from David Geffen yesterday for $165 million, he got 9 acres of prime Los Angeles real estate, an enormous 1936 Georgian-style mansion, and a whole lot of backstory. The home, which adds to Bezos's portfolio as the country's 25th largest landowner, was built in the 1930s by Jack Warner, the head of Warner Brothers Studios, who lived there until his death in 1978. One of Bezos’ first homes he purchased following newfound success at the company was in Medina, Seattle. He paid $10 million in 1998 for a 20,600-square-foot, five-bedroom, four-bathroom house, according to Realtor.com. The 5.3-acre property in the ritzy Seattle suburb is located near the local Post Office and grocery store, property records show.
Jeff Bezos founded Amazon in garage of this Seattle-area home that’s up for sale - MarketWatch
Jeff Bezos founded Amazon in garage of this Seattle-area home that’s up for sale.
Posted: Tue, 23 Jan 2024 08:00:00 GMT [source]
Anna Wintour to crown Jeff Bezos, Lauren Sanchez as new American royalty on Met Gala red carpet
A nursery, three hothouses, two guesthouses, a swimming pool, a golf course, and a tennis court may all be found within this Georgian-style hilly house. Several months later, in July, Bezos built upon his Beverly Hills holdings by purchasing the property adjacent to Geffen’s estate for $10 million, a considerably more humble abode that is still nonetheless luxurious by the average person’s standards. Measuring 4,615 square feet, the two-story traditional home features three bedrooms and four-and-a-half bathrooms, with much of the interiors upgraded by the seller.
The Washington state properties are just one part of his coast-to-coast real estate empire. The resident, who asked to remain unnamed, added that they routinely saw Bezos’ security staff working out in the driveway of one of the homes, which is located next to the only entrance and exit to Hunts Point’s exclusive peninsula, the outlet reported. Bezos’ other three purchases — all of which are within a mile of his lavish estate — were bought for staffers, according to the outlet.
Jeff Bezos drops record-breaking $165M on Beverly Hills home
Aerial images show pristine tennis courts surrounded by perfectly trimmed hedges. A pool, meanwhile, looks adorned with tiles fashioned into the shapes of turtles and other reef-themed elements. He purchased the property from David Geffen, a businessman, producer, and film studio executive, whose net worth is an estimated $9 billion. Geffen bought the property in 1990 for $47.5 million, which would be approximately $92.9 million in 2020 values. This whopping 12,140ha property in the west-most part of Texas is the base for Bezos’ private space company, Blue Origin.
Inside Ankur Jain, Erika Hammond’s wild Egypt wedding: Private jets, pyramids and celebs
Bezos and his girlfriend are also rumored to have toured "Casa Encantada," a 40,000-square-foot estate in Bel-Air, The Post reported. That mansion features a guest house, a pool house, a basketball court, a tennis court, greenhouses, a rose garden, and koi ponds, all with restored 1930s finishings, Business Insider reported. Casa Encantada has an asking price of $225 million, making it the most expensive property currently on the market in the United States, according to The Times. This transaction came several months after Bezos reportedly purchased the $68 million home located right next door on the exclusive “Billionaire Bunker” island. That three-bedroom, three-bathroom home traded hands off-market in June — and neighbors will include Ivanka Trump and Jared Kushner.
There's a large pool and what appears to be an adjacent hot tub outside one of the large guesthouses.
Sources with insider knowledge previously revealed to The Post that Bezos has been quietly scouting for off-the-market ranches in Maui, further solidifying his presence in Hawaii after acquiring property along the shores of La Perouse Bay. And each unit in the building, which overlooks Madison Square Park, has galleried hallways, solid oak and marble floors and luxury finishes. This mansion last traded hands in 1982 for $1.4 million — or some $4.4 million today when adjusted for inflation. Bezos reportedly has plans to bulldoze this property to build a grand megamansion in its place. The Medina neighborhood of Seattle sits on Lake Washington, and Bezos’s home there features 310 feet of private shoreline and a boathouse. Indian Creek boasts about 40 waterfront properties all facing the water, along with an 18-hole golf course stretched across 294 acres.
He scored a 7.1% discount from the property’s May listing price of $85 million, according to Bloomberg, which first reported on the sale, citing people familiar with the matter. Jeff Bezos reportedly scooped up a $79 million mansion in Florida’s exclusive “Billionaire Bunker” island — two months after buying the home next door for $68 million. After demolishing several neighboring mansions, Warner hired architect Roland E. Coate to reimagine and expand the existing Spanish Colonial-style home to suit the tastes of the day. Actor-turned-decorator William Haines outfitted the ornate interiors, which featured a two-story entryway, parquetry floors and a cantilevered staircase. The final sale price makes it the most expensive home every purchased in the Los Angeles area, according to the Wall Street Journal. The title had previously been held by Chartwell estate, commonly known as the Beverly Hillbillies mansion, which sold for $150 million in December 2019 to Rupert Murdoch's son.
Jeff Bezos buys third mansion for $90 mn in Florida's 'Billionaire Bunker' - Business Standard
Jeff Bezos buys third mansion for $90 mn in Florida's 'Billionaire Bunker'.
Posted: Thu, 04 Apr 2024 07:00:00 GMT [source]
The purchases brought his grand total to $119 million of real estate in the one building, which has a fitness center, golf simulator, game room, and movie-screening room, according to the property's website. Finally, in 2015, he purchased a $3.9 million property across the street from the Medina compound, Business Insider previously reported. The comparatively smaller property is likely for staff or guests, and was purchased through a trust managed by the same law firm, and with the same property tax address, as the other Medina properties Bezos and Scott purchased before their divorce. Bezos, worth $204 billion according to the Bloomberg Billionaires Index, purchased several properties with his former wife MacKenzie Scott. Their divorce was finalized in 2019, and it's unclear which of these properties Bezos still owns, as divorce records were not made public.
The estate and plot of land are just the latest additions to Bezos' property portfolio, which already includes two L.A. Homes, a mansion in Washington D.C., a ranch in Texas, an estate in Seattle and three adjacent apartments in New York City worth around $80 million combined. As well as purchasing this estate, Bezos also purchased a plot of land from the estate of late Microsoft co-founder Paul Allen for $90 million.
A Mexican-style bar adjacent to the screening room has a circa-1820 Mexican chandelier. Then, in 2005, he reportedly spent $50 million on a neighboring 8,300-square-foot mansion with five bedrooms and four bathrooms. The properties have a combined 310 feet of shoreline, according to Realtor.com. The main structure stands as a testament to elegance, boasting three bedrooms and three bathrooms, offering 4,450 square feet of living space. The second property is a charming two-bedroom, 2.5-bathroom guesthouse with 1,839 square feet. Meanwhile, the third structure is a three-bedroom, one-bathroom dwelling, offering 1,815 square feet.
The home has 300 feet of coastline, a rooftop deck with a fireplace, and a glass bridge connecting to a two-story guesthouse. This 30,000-acre property in the west-most part of Texas is the base for Bezos’ private space company, Blue Origin. What’s more, the trans-America move to Florida unveiled news that Bezos owns a property portfolio in Seattle worth a staggering $190 million, which includes five homes that went previously unreported. Among them, a $37.5 million mansion overlooking Lake Washington and three homes for his staffers. In April, Bezos bought a fourth unit in the luxe Madison Square Park apartment building where he’d snapped up three homes the previous summer, dropping $16 million for a three-bedroom unit adjacent to the two lower-level units from the original purchase. While it was unclear at the time what Bezos’ plans were for combining all four units, building permits were submitted in fall 2019, so it’s likely the fourth acquisition was meant to be an addendum to the already-grand Manhattan megamansion.
The grounds also include two guesthouses, a tennis court, swimming pool, and nine-hole golf course. He first bought property in the cushy neighborhood in 2007, shelling out $24.45 million for a mansion that had tennis courts, a guesthouse, a six-car garage, and a pool, the Los Angeles Times reported at the time. The penthouse, which spans three stories of the 1912 neo-Gothic structure at 212 Fifth Avenue in Madison Square Park in New York City, is said to feature a private elevator and spacious terraces. This apartment has three bedrooms and three and a half bathrooms spread throughout its 3,000 square feet. The eight-bedroom, 10-bathroom estate contains a koi pond, a European garden, a lagoon-like pool and spa, waterfalls, a tennis court, a tree-lined cobblestone driveway, and a courtyard with an outdoor fireplace. The contemporary-style, single-story home was built in 1956 and covers 420 sqm with four bedrooms and six bathrooms, according to Mansion Global, which noted that Google Maps shows a large pool in the backyard.
The Gulfstream G650ER's top speed is greater than 1,110 km/h, and its range is greater than 13,890 km, thanks to its two Rolls-Royce BR725 engines. The G650ER is a more advanced version of the Gulfstream G650, which itself holds over 110 world speed records. Medina, a peaceful little town on a peninsula on Lake Washington not far from Seattle, is a great place to relax. Many of the world's wealthiest people live here, including Microsoft cofounder Bill Gates, and their extravagant mansions line Evergreen Point Road. A group of men were recently seen back at work on the roof of the sprawling, three-story mega-mansion in Beverly Hills, Calif.
Comments
Post a Comment