Tuesday, December 20, 2011

 Your Mama suggests the children sit down and swaller a nerve pill because several reports from (reputable) New York City real estate gossip columns claim that very controversial former Citigroup CEO Sanford "Sandy" Weill sold–for the full asking price–the opulent New York City penthouse he slung on the open market with much hullabaloo just over a month ago with a glass shattering $88,000,000 price tag and a very public promise to donate the sale proceeds to unspecified philanthropic causes.

The first reports out of the New York Observer on Sunday pinned the prodigious purchase atop limestone sheathed 15 Central Park West on Russian chemist turned multi-billionaire potash potentate Dmitry Rybolovlev, a man who sold his multi-pronged fertilizer concern last year for around $6,500,000,000 and is said to be worth somewhere in the neighborhood of 9.5 billion bucks.

The folks at Forbes quickly followed up with an important (and flabbergasting) clarification: The Weill spread, 6,744 square feet of immaculate interior space with a wide terrace that wraps around three sides of the apartment with drop dead park and city views, was not actually purchased by Mister Rybolovlev but rather Ekaterina Rybolovleva, his horse-minded 22-year old second daughter, reportedly a resident of Monaco, a student at an unnamed U.S. University, and a competitive equestrian.

Forbes actually received a statement from young Miss Rybolovleva's representative(s) who revealed the barely legal heiress "plans to stay in the apartment when visiting New York." That's right, "when visiting." This pampered whippersnapper–a college student, mind y'all–just dropped a record breaking $88,000,000 on a god damn pied à terre.

This news comes on the heels of the $85,000,000 purchase of The Manor, showbiz widow Candy Spelling's severely bloated behemoth in Los Angeles acquired earlier in the year by 22-year old London-based Formula One racing heiress (and out-and-out real estate size queen) Petra Ecclestone. Doth we spot a budding real estate trend, children? College-aged scions with multiple part-time residences around the world that each cost more than the GDP of any number of nations in sub-Saharan Africa? Have mercy.

Whether an emerging real estate trend or not Your Mama smells a back story to the Rybolovlev(a) acquisition that we suspect has less to do with one globe-trotting über-heiress with a thing for pricey pieds à terre trying to outdo another globe-trotting über-heiress with a thing for pricey pieds à terre than it does an exceedingly wealthy international businessman managing his vast fortune in a manner advantageous to his jam-packed pocketbook and swollen real estate portfolio.

We don't know a roller coaster from a dirt clod but we can imagine this pricey procurement could be a good thing for Mister Rybolovlev's tax situation, an easy place to park a substantial amount of cash or possibly have something to do with the ongoing divorce battle with his soon to be ex-wife Elena who has requested the Swiss courts grant her half of everything he's got including the keys and deed to Maison La Amitie, the grotesquely opulent, 33,000 square foot ocean front residence in Palm Beach, FL for which Mister Rybolovlev paid Donald Trump $95,000,000 in cold hard cash back in the summer of 2008.

Mister Weill and his wife Joan coughed up $43,687,750–or $42,405,000 depending on where one looks–for the Robert A.M. Stern designed and Mica Ertegun decorated penthouse at 15 Central Park West back in August 2007. At the time it was one of the highest amounts paid per square foot for a private residence in Manhattan. The single-level, mansion-sized penthouse carries, according to listing information we peeped, monthly maintenance fees and taxes that total $13,824.

A few quick flicks of the well-worn beads on Your Mama's bejeweled abacus shows that Mister Weill now has $44,312,250–or $45,595,000–less capital gains and no-doubt substantial real estate fees to donate to the charity or charities of his choice.

As far as we know Mister and Missus Weill continue to own and maintain a much smaller apartment on a much lower floor at 15 Central Park West, a significant estate in big money Greenwich, CT, a camp in the Adirondacks, and a nearly 400 acre spread in Sonoma, CA they scooped up in October 2010 for (a reported) $31,000,000.

floor plan: Brown Harris Stevens

Monday, December 19, 2011

SELLERS: Barbi Benton and  George Gradow
LOCATION: Los Angeles, CA
PRICE: $11,950,00,000
SIZE: 11,608 square feet,

YOUR MAMAS NOTES: While hanging around Your Mama's momma Goose's crib over the weekend we honed in on a sizable estate high in the mountains above Los Angeles' Bel Air 'hood that's been on and off the market for quite some time and is currently listed with an asking price of $11,950,000. The contemporary compound, according to property records and other online resources, is owned by former Playboy model-slash-(h)actress Barbi Benton and mobile home park mogul George Gradow.

Miz Benton, now a bit of a high-camp icon, hasn't really been relevant in the entertainment industry for decades. Her brunette-haired salad days were, of course, the 1970s and 80s when she several times appeared with her naughty bits out in the glossy pages of Playboy and lived for nearly 10 years in unmarried sin with soft-porn purveyor Hugh Hefner. Not surprisingly, she was a dewy 19 and he a Viagra-free 43 when they hooked up. Missus Gradow-Benton–née Klein–eventually parlayed her nekkid modeling in to a regular role as a hayseed on Hee Haw, went on to a pretty forgettable career as a country music singer, and later became a staple on both Love Boat and Fantasy Island, where b- and c-list showbizzers went to make a few pennies and sunset their lackluster careers. Settle down now. We're not trying to be awful and snide. We don't make the rules in Tinseltown, we just calls 'em as we sees them. Anyhoo, not long after Miss Benton and Mister Hefner went splitsville she married the much more conventional real estate tycoon George Gradow whose claim to fame–or, rather, infamy–came many years later in the early-Naughts when he was convicted and sent to a federal pokey after he fessed up to doctoring financial documents in an effort to defraud and mislead the I.R.S.

After they married in the late 1970s Miz Benton and Mister Gradow shacked up in high style on a gated, privately situated six-acre estate in sleepy (and somewhat staid) Pasadena, CA with a quarter-mile long palm tree-lined driveway, massive multi-winged mansion, rolling lawns dotted with mature specimen trees, and the requisite swimming pool and tennis court. Property records show the couple sold the estate in mid-1990 for $3,700,000.

We're not quite sure where the couple bedded down in Los Angeles between when they sold their Pasadena palace in 1990 and 2003 or '04 when they bought a big-ass modern mansion just off legendary Mulholland Drive high above the natty and nabob-y Bel Air 'hood. Property records are a bit vague but as best as Your Mama can tell Mister and Missus Gradow acquired the star-style compound through a corporate entity in either late 2003 for $7,000,000 or in March 2004 (through a corporate entity) for an undisclosed amount.

The Gradows have actually had the property on and off the market several times at various prices since September 2008–shortly after Mister Gradow was released from federal prison–when it landed with a dull thud on the open market with an asking price of $17,500,000. Redfin reveals the 2.75 acre estate was last heaved on to the open market in mid-July 2011 with an asking price of $11,950,000. In early October the price dropped to $10,950,000 but two months later, in late November, the price inexplicably jumped back up to its current $11,950,000.

The gated compound runs along the precipitous ridge of a private promontory with an almost entirely unobstructed view from downtown over Hollywood and Beverly Hills, past the towers of Century City and across the flat expanse of the West Side until it abruptly dead ends into the Pacific Ocean. A giant roof top terrace actually provides even more comprehensive 360-degree views that tackle and taken in the San Fernando Valley.

The Los Angeles County Tax Man shows the boxy, collection-filled main manse has 4 bedroom and 7 bathrooms in 11,608 square feet while current listing information shows 15,270 square feet with a total of 8 bedrooms and 14 bathrooms. In addition to the number of bedrooms and bathrooms in the main house, the larger figures encompass (but do not fully account for) the detached 2 bedroom and 2 bathroom guest house and the separate 2 bedroom and 2 bathroom staff residence.

We're not sure who designed the all-white and all but unadorned residential structure, built in 1990 according to tax records and listing information, but first impressions upon arrival to the front motor court makes Your Mama think it might be an male architect who operates–or operated–in the same architectural vein as minimal minded modern masters–or "masters" depending on your proclivities, preferences and points of view–like 1984 Pritzker Prize winner Richard Meier.

An opening in a vast white wall connects the front motor court to a more intimate rear motor court with 3-car attached garage. All-glass front doors set into the winter-white front façade swing open to a capacious double-height entrance hall with stone tiles on the floor, twin staircases on opposite ends of the room that meet in an arched second-floor balcony, and a woozy-making ceiling with sculptural, dog bone-shaped detail. The airy cream-colored space leads into a decidedly voluminous "formal" living room with fireplace that has more in common size-wise with a hotel lobby than it does most ordinary peoples' living rooms. Towering place anchor and define various sitting areas and natural light floods the room through a checkerboard pattern skylight. Like in the entry and throughout the entire house, the couples considerable and sometimes visually cacophonous art and crafts collections hang on the walls, stand on the floor, and pepper the flat sufaces.


Other rooms that pinwheel off the main living room include a library with fireplace ringed by high-shine paneling and built-in bookshelves, a separate room equipped with full-sized and fully stocked u-shaped bar, a banquet hall-like dining room that seats 32 diners at four seriously high-gloss burled wood dining tables, and a tee-vee nook with built in cabinetry and entertainment center and an entire wall of glass that opens to a long allée that connects the main house to the swimming pool and spa and beyond that a self-contained pool/guest house. Normally we discuss a bit of the day-core but we can not bear to to approach the haphazard "screen" of potted plants that separates the main living room from the tee-vee nook nor will we touch with a ten foot pole that mortifying quintet of cawkee-colored electrified recliner-loungers.

The eat-in kitchen has a generous breakfast area lined with mirrored Biedermeier-style cabinetry, French doors with city views and dining terrace access, and an L-shaped center island with a snack bar at one end and a second but elevated snack bar at the other. The gleaming, finely tailored upper and lower cabinets have entirely flat fronts and lack hardware, the counter tops are a lustrous flecked  ebony, and the appliances up-to-date and high end.

At least one of the guest/family bedrooms is furnished with intricately painted Mexican folk art furniture and has walls and ceilings completely covered in a hand painted cloud pattern we find so cockamamie and egregious we fail to find a pithy remark.

The master bedroom, larger than Your Mama's entire house it seems, encompasses a conference hall-sized space with party-friendly sitting area, two fireplaces, half a dozen or more gigantic square windows to take in the rugged canyons and sparkling lights, curving walls that swoop in to embrace the bed, and a set of relatively prosaic French doors that access a private terrace. There are dual streamline moderne-tinged bathrooms with black granite (or some other fancy black stone) detailing and at least one, boutique-y dressing room lined with glass fronted closets for protecting but still displaying clothing and footwear.

Back on the main floor, several rooms open out to multiple terraces with canyon and city views and an entire wall of glass in the tee-vee nook disappears into the walls and opens the room to a long, up lit allée carpeted with thick lawn and lined with trimmed shrubbery and partially shaded by a variety of well-tended, mature specimen trees. The lawn gives way to the stone (or maybe it's stamped concrete) terrace that surrounds the sunken spa and swimming pool. Beyond the swimming pool a guest house/pool pavilion has building-wide set of steps that climb from the pool deck to an open air covered porch.

The Benton-Gradow's Bel Air spread sits between Usra Major, the angular and melodramatic former Wilt Chamberlain mansion, and a 9,951 square foot residence once- and long-owned by now-deceased poster babe Farrah Fawcett and currently held in the luxury property portfolio of international superstar-new mommy-songstress Mariah Carey and her man-mate Nick Cannon.

Mister Gradow and Miz Benton have long split their time between Tinseltown compound and Aspen, CO where in the late 1980s they custom built an ultra-contemporary (approximately) 25,000 square foot mega-mansion they dubbed the Copper Palace (above). The house, located on 40 pristine acres in the snazzy Starwood enclave overlooking the Roaring Fork Valley, was designed by organically-minded and wildly imaginative Albuquerque-based architect Bart Prince. The truly one-of-a-kind house, which looks almost nothing like what most people think of when they think of a house, encompasses a handful of dramatically cantilevered pods that contain 6 bedrooms suites (including a mirrored master with circular bed that rotates 360-degrees at the touch of a button), a family kitchen plus an industrial-scaled catering one too, a disco with disco ball, a domed, multi-colored screening room, gym and massage rooms, and his and her indoor lap pools. Miz Benton and Mister Gradow's nearest neighbor in Aspen is Prince Bandar of Saudi Arabia who some years ago had his hotel-sized ski house on the market with an asking price of $135,000,000.

In the spring of 2001 Miz Benton and Mister Gradow unsuccessfully attempted to unload their futuristic hillside house with an asking price of $25,000,000. The house did not sell but they do offer the property up as a vacation rental for an undisclosed amount of money.

listing photos (Los Angeles): Rodeo Realty
listing photos (Aspen): Aspen Holiday Homes

Sunday, December 18, 2011

It will not likely come as a surprise many if any celebrity real estate watchers that Courtney Love's New York City landlord is spitting mad at the always eccentric and sometimes volatile rock star.

Miz Love's Chicago-based landlady Donna Lyon, who leased the picture perfect West Village townhouse to Miz Love earlier in the year at a rate of $27,000 per month, claims the Hole front woman violated the terms of her lease agreement by wallpapering and painting significant portions of the four floor townhouse decorated and designed by the previous owner, the accomplished and exceedingly accomplished Steven Gambrel.

Miz Love says something a little different–natch–and allowed the xoJane website exclusive access to the townhouse that's now filled to the gills with tatted doilies and a Buddha statues.

Miz Lyon also claims Miz Love is $54,000 in arrears on the rent but Miz Love told the Post that she's absolutely not behind on the rent but rather that Miz Lyon is asking that the last two months of the lease be paid up front.

Whatever.

Listing images above show townhouse as it appeared in listing photos before Miz Love got her hands on the place.

photos: Corcoran
floor plan: Halstead via Curbed
Private investor and professional soccer team owner Gabriel Brener, the scion of a Mexican industrialist, has reportedly floated his leviathan limestone mansion in the hoitiest of the toitiest section of Holmby Hills in Los Angeles, CA on the market with an elephantine asking price of "more than $80,000,000."

The Wall Street Journal reported late last week that the mega-mansion has 6 bedrooms that include a main floor master suite while the Los Angeles County Tax Man shows the Neoclassical Georgian monster manse measures a stupendous (but hardly record-breaking) 22,396 square feet with 7 bedrooms and 14 bathrooms.

No listing for the gated and heavily fortified estate exist online but aerial images show the tree-ringed estate encompasses parking lot-sized front and rear motor courts, deep and wide terraces, manicured expanses of expensively-watered lawns, lengthy dark-bottomed swimming pool with semi-circular spa, lighted tennis court, and small putting green

The approximately 3.5 acre multi-parcel spread occupies the hallowed real estate grounds where Walt Disney's private residence once stood and is surrounded by grand (and grandiose) estates owned by couture queen Suzanne Saperstein, showbiz über-executive Brad Grey, soap story tycoons Bradley and Colleen Bell, big businessman Gary Wilson, art world honcho Larry Gagosian, and high-powered talent agent Bryan Lourd whose clients include (or have included) Penelope Cruz, Tom Cruise, Oprah, Drew Barrymore, George Clooney, Brad Pitt, Natalie Portman and Robert De Niro.

aerial image: Bing
Now that seasoned movie star Demi Moore has booted her philandering, much younger husband from their once-happy family home in Beverly Hills, the soon to be single Ashton Kutcher needs a sexy new nest to bed down and bed babes.

According to multiple reports the well-compensated sitcom star, producer and Twittering tycoon recently peeped a supah-sleek, 9,385 square foot modern mansion elegantly perched on a ridge high in the Hollywood Hills

The very contemporary 5 bedroom and 8 bathroom hill top aerie hovers over Lake Hollywood and includes entire walls of retractable glass, glass floors, a floating dining room (whatever that is), a sizable and swank kitchen, state-of-the-art screening room, fitness/massage room, expansive patios, cantilevered decks, various outdoor rooms, several built-in fire pits, and an infinity-edged swimming pool with elevated spa.

The privately situated residence is listed for lease at $50,000 and for sale with an asking price of $10,800,000.

listing photos: Nick Springett Photography for The Partners Trust
It's official.

Late last week the peeps at People revealed property mad chat show hostess Ellen Degeneres and her wife Portia di Rossi paid a hefty $12,000,000 and signed all the necessary deeds and documents to acquire a glassy, bluff-top Malibu (CA) residence owned by a-list actors and global do-gooders Brad Pitt and Angelina Jolie.

Told you so. And told you so again.

Mister Pitt picked up the property for $8,410,000 in March 2005 and, after quietly shopping the 1.26 acre ocean front estate off-market for around $18,000,000, officially listed the C-shaped contemporary in mid-August 2011 with a much lower asking price of $13,750,000.

Mister Pitt (and Miz Jolie) own a number of homes around the world including in Los Angeles' Los Feliz area, an ocean front compound near Santa Barbara, a mansion in New Orleans and a 1,000-ish acre spread in the south of France.

The Missus Degeneres and di Rossi own a horse ranch in upscale Hidden Valley area near Thousand Oaks (on the market earlier in the year for $16,500,000) and a colossal compound in the hills above Beverly Hills currently on the open market with a $49,000,000 price tag. 
listing photos: Coldwell Banker / Malibu West

Friday, December 16, 2011


It is predicted that close to 13 million baby boomers will become Florida residents between now and 2023. These future buyers will begin home hunting, and the Tampa Bay area is one of the most attractive places to purchase. We have already seen a 22% increase in homes sold over the last two months compared to last year’s sale’s numbers. An increase is always nice to see, but another interesting statistic to point out would be the 32% decrease in unsold homes in Hillsborough, Pinellas, and Pasco counties. A clear sign that sales volume is up, and home inventory is falling. If you are looking to move due to a change in job status or simply wanting to start fresh, Tampa Bay offers great incentives to relocate.
Before making the decision to rent any type of real estate for the snowbird season, you may ask yourself “what is so special about the Tampa Bay area?” The answers can be endless, and depending on what you enjoy doing, they may be infinite. The greater Tampa Bay area is home to some of the most beautiful beaches like Clearwater, Ana Maria Island, and the St. Petersburg strip. And whether you are into fishing, boating, scuba diving, or just relaxing in the white sands, The Tampa Bay area is suitable for all needs and hobbies. Something that may help bring more snowbirds to the Tampa Bay area is a proposal made by the Canadian Snowbird Association. They were in Washington last week lobbying for passage of the proposed “Canadian Retiree Visa”, which would allow Canadians over the age 50 to stay in the states for eight months instead of the regular six months that is in place now. Florida could see a long term increase in vacation rentals especially real estate near beaches.
The Tampa Bay area brags an extensive list of leisure activities suitable for all, but what some people may not realize is that Tampa Bay is a prominent business oriented city in Florida. The downtown Tampa and Channelside area are major business districts with many classy restaurants, boutiques, and commercial businesses. This is also home to the 2002 Superbowl Champion Buccaneers, Stanley Cup winning Tampa Bay Lightning, and Arena Bowl Champs Tampa Bay Storm. Tampa Florida has hosted two Superbowls in the last ten years bringing visitors to our town for a nationally celebrated sporting event. The amusement parks here in Tampa Bay are second to none. Busch Gardens, Adventure Island, and the Florida Aquarium always top tourists “must do” lists and increase commerce in our city.
Florida is also well known for its remarkable golf courses. Many Tampa Bay communities are specifically tailored for these sports fanatics who also have a need for single family homes. Tampa Palms, Hunters green, Heritage Isles, and Pebble Creek are a few that cater to these real estate investors. Many of these communities have real estate for sale with price points that are more affordable now than ever.
Tampa Bay = YOUR DESTINATION!