Amazon billionaire Jeff Bezos just obliterated California’s home sale price record, paying $165 million for David Geffen’s famed Warner estate in Beverly Hills, according to real estate sources with knowledge of the deal. The mammoth sale was first reported by the Wall Street Journal.
The purchase of the Warner estate is the most ever paid for a home in California, topping Lachlan Murdoch’s $150-million purchase late last year of Bel-Air’s “Beverly Hillbillies” mansion.
Spanning nine acres, Bezos’ new showplace was originally designed in Spanish Colonial Revival style but was reimagined as a grand Georgian mansion in the 1930s by architect Roland Coate for movie mogul Jack Warner, according to the book “Master Architects of Southern California 1920–1940: Roland E. Coate.” Geffen had owned the home since 1990, when he paid $47.5 million for it in an all-cash deal, the Los Angeles Times previously reported.
“It looks like Versailles,” Geffen said at the time.
Read the full story on LATimes.com.