The historic Holmby Hills estate was sold to two separate buyers.
Photo: Nils Timm
Holmby Hills Estate That Includes Rod Stewart’s Former Mansion Sells for $86 Million
The nearly six-acre property has been divided into two sections and sold separately
The nearly six-acre property has been divided into two sections. Photo: Nils Timm
A historic Holmby Hills estate featuring Rod Stewart’s former mansion has sold for a tremendous total of $86 million. It was most recently owned by Bradley Bell, executive producer and head writer of The Bold and the Beautiful, and his wife, Colleen Ball, a former diplomat. The couple purchased the dwelling from Stewart in 1992 for $6.25 million.
The nearly six-acre property has been divided into two sections and sold separately, according to The Wall Street Journal. The larger parcel, which is nearly four acres and includes the main house, was sold for $57 million.
The larger parcel, which is nearly four acres and includes the main house, was sold for $57 million. Photo: Nils Timm
The buyer was David Zander, a television, commercial, and film producer. This is not his first time buying a historic property; previously, Zander purchased, renovated, and sold the Hamptons estate where Jacqueline Kennedy Onassis spent summers as a child, known as Lasata. Drew Fenton, CEO and co-founder of Carolwood Estates, represented the buyer, while Ben Bacall of Revel Real Estate represented the sellers.
The other parcel, which features a circa-1911 cabin, sold for approximately $29 million. The buyer was Nick Kaiser, co-founder of private equity firm Marlin Equity Partners.
The estate includes one of the first structures built in the Los Angeles neighborhood of Holmby Hills. Photo: Nils Timm
The estate dates back to around 1925. Photo: Nils Timm
This estate includes one of the first structures built in the Los Angeles neighborhood of Holmby Hills. According to the book The Legendary Estates of Beverly Hills by late real estate titan Jeff Hyland, Rod Stewart’s former Spanish Colonial Revival home was designed by architect George Washington Smith in 1925. This architectural style was highly coveted in Southern California at the time.
Stewart purchased the 17,000-square-foot main house in the 1970s and added Art Nouveau-style elements, such as a disco room. Since then, the Bells have removed such designs and restored as many of the original elements as possible; this includes removing marble floors so that the original tiled floor could take center stage, and uncovering the original coffered ceilings.
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It was most recently owned by Bradley Bell, executive producer and head writer of The Bold and the Beautiful. Photo: Nils Timm
The property features a pool. Photo: Nils Timm
Cover: The historic Holmby Hills estate was sold to two separate buyers.
Photo: Nils Timm
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