Thursday, March 29, 2012

It's Official: Elton John Lists L.A. Condos

SELLERS: Elton John and David Furnish
LOCATION: West Hollywood, CA
PRICE: $1,600,000 and $3,500,000
SIZE: 1,151 square feet (1 bedroom, 1.5 bathrooms); 1,831 square feet (1 bedroom, 1.5 bathrooms)

YOUR MAMAS NOTES: Several weeks ago property gossips from the east coast to the west reported that famously bespectacled (and meticulously bewigged) music industry icon Elton John and his long-term man-mate David Furnish were preparing to vacate their pair of art- and light-filled condo-cribs at the star-studded Sierra Towers building in West Hollywood, CA. They were not, the reports stated, pulling up west coast real estate roots altogether. They planned, so the story went, to buy a big house in Tinseltown with plenty of room to bring up their bouncing baby boy Zachary.

Within hours of the first published rumors we received covert communiques from a couple of clued-in real estate insiders who we called Frick and Frack who both gleefully whispered to Your Mama that Misters John and Furnish were not looking for a house to call home but had, in fact, already snatched one up: a sleek, low-slung and re-worked mid-century modern residence in the terrifically trendy Beverly Hills 'hood of Trousdale Estates. The sale price has yet to be disclosed—or tattled to Your Mama, hello!—but the 4 bedroom and 7 bathroom spread was last listed at $7,695,000.

Of course, Your Mama don't know a soup spoon from a fly swatter but we presume the English gents have engaged the flamboyant and wonderfully theatrical, nice-gay decorator Martyn Lawrence Bullard to do over the interiors of their new Trousdale Estates digs just as they did with their two adjacent condominiums at the Sierra Towers that have finally and officially hit the (open) market this week at $1.6 and $3.5 million.

Property records show Mister Furnish as the owner of record on both condos, the first and larger of which was picked up in February 2007 for $2,497,000. The Los Angeles County Tax Man shows the mid-floor unit spans a fairly modest 1,831 square feet and was originally designed with 2 bedrooms and 2.5 bathrooms. Current listing information describes the unit as an "oversized" 1 bedroom with 1.5 bathrooms so clearly it's had some cosmetic reconfiguring just as many of the building's famous residents have. Oh. Ouch! Did we say that out loud? It's the early morning gin talking, poodles.

Anyhoo, taxes and common charge total $3,842 per month provide residents with 2 deeded and secured parking spaces, 24-7 security systems, attentive door men, fleet-footed valets and heavy-lifting porters, a thoughtful concierge, a fitness facility with his and her locker rooms and spas, and a 6th floor roof top swimming pool and city-view sunbathing terrace.

Walls of floor-to-ceiling glass wrap the southeast-facing corner condo and explode with a sweeping urban vista that stretches (on a clear day) from downtown over to Century City and clear to Catalina Island. Sliding glass panels open the main living space and the lone bedroom up to a covered and cantilevered terrace that runs almost the entire width of the apartment.

No interior photographs are included with current online listings but Mister Martyn Lawrence Bullard's vibrant, 1970s-inspired day-core was photographed in all its bright and colorful glory for the glossy pages of the December 2009 issue of Architetural Digest. Although we expect the globe-trotting A-gays will take their enviable and extensive art collection with them—it includes works by Damian Hirst, Dale Chihuly, Marc Quinn, Wang Guangyi, Gary Hume, Tracy Emin, and Lee Friedlander—listing information indicates both apartments can be negotiated to be sold furnished.

The A.D. photographs show the main living/dining includes a couple of sitting areas with lime green walls and a lot of very expensive-looking furniture and furnishings that include a scene-stealing matched set of onyx-and-chrome coffee tables and half a dozen or so zebra-skin pillows placed perfectly on a massive white sectional sofa.

The main living/dining areas are open to the sleek and shiny kitchen with high-gloss white lacquer cabinetry, lustrous ebony counter tops (of unknown material), a rainbow assortment of Venini vases, and a built-in flat screen tee-vee that can be viewed from the six-stool island breakfast bar over which hangs a seriously decadent glass chandelier (circa 1969) originally from the Grand Hotel in Milan.

Somewhere in the apartment, as seen in A.D., Mister John keeps a compact office space about the size of a trophy wife's walk-in shoe closet. The wee nook is outfitted like a glamorous ocean liner with delicious, high-gloss wood cabinetry, custom-commissioned green glass knobs, and a futuristic looking office chair upholstered in what appears to our boozy-woozy eyes as chartreuse-colored snake skin.

In the boo-dwar the bed frame is wrapped in snake skin—or some sort of material printed with a black and white snake skin pattern—and other furnishings include a lipstick red Pierre Paulin Ribbon chair and a mirrored Cityscape credenza by the too-fab-for-words Paul Evans that Your Mama can assure the children cost Misters John and Furnish more than most people cars. The walls look like to Your Mama like they're draped in milk chocolate suede (or covered with a suede paint treatment), the ceiling has been completely covered with high-glam platinum leaf, and the floor-to-ceiling glass sliders that open to the terraces are covered with glimmering Mylar curtains (or some material similar to Mylar). We have not seen nor heard hide nor hair about the master bathroom and dressing area(s) but we imagine they are ample, luxuriously appointed, and a clothes horse's custom-fitted wet dream.

The smaller of the the two apartments also has sweeping downtown to ocean views but measures, according to current listing information, 1,151 square feet with 1 bedroom and 1.5 bathrooms. Taxes and common charges rack up to $1,753 per month.

Property records show the smaller unit was acquired in September 2008 for $2,100,000. It doesn't take a mathematics genius to see that even with a full price sale Misters John and Furnish are looking at a loss of half a million clams on this apartment. Any potential loss on the smaller unit may (or may not) be absorbed by the just-under-a-million dollar increase in asking price over sale price of the larger unit.

Listing information for the smaller unit does not specifically mention Mister Bullard's handiwork. It instead states more generically that there are "designer finishes throughout." Maybe Mister Bullard worked over this unit with the same flair as the larger unit and maybe he did not. At this point we don't know. We also don't know—thank you very much—what purpose this smaller unit served (Guests? Domestic staff? Security?) and we also don't know—thank you very much—if the two units are actually joined or if a person much exit one to enter the other via the public hall.

Other owners/renters/residents of the modernist tower that rises above the western end of the Sunset Strip include Courtney Cox, Cher, Joan Collins, PJ Harvey, Lily Collins, and Ozzy and Sharon Osbourne, who also had Martyn Lawrence Bullard do up their pied-a-terre.

listing photos: Sotheby's International Realty

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Wednesday, March 28, 2012

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Your Mama Also Hears...

The online and print media is all agog and atwitter over today's announcement that beleaguered and publicly pilloried Los Angeles Dodgers owner/executive Frank McCourt has finally reached an agreement to sell the bankrupt baseball team (and media rights) for 2-and-some billion bucks to a coalition that includes long-retired professional hoopster Magic Johnson.

While all that sports stuff was being hollered about Your Mama received a covert communique from a savvy and always exquisitely informed real estate industry acquaintance we'll call Heidi N. Holmbyhills who divulged to Your Mama that Mister McCourt's new ex-wife Jamie—the two were bitterly and expensively divorced earlier this year—has plans to significantly lighten her own extensive residential real estate load.

In addition to cash, prizes, a couple of delectable ocean front abodes in Malibu and a condo in Colorado, (ex)Missus McCourt was granted in her divorce sole ownership of the erstwhile couple's primary residence, a humongous Neo-Something style pile directly across the street from The Playboy Mansion in the posh Holmby Hills area of Los Angeles between Beverly Hills and Bel Air. The McCourts bought the prominent property back in 2004 from the very dapper Babyface Edmonds for a newsworthy $21,250,000.

According to Heidi, (ex-)Missus McCourt has on the hush-hush recently allowed one of the Platinum Triangles fanciest and most successful female real estate agents to discreetly show her heavily secured and gated Holmby Hills estate with a fat asking price of $65,000,000.

The Los Angeles County Tax Man shows the property spans 2.58 acres and is loosely described in divorce court documents published online (in .pdf form) as having—we paraphrase—15,000 square feet of interior space that includes, among other necessities and luxuries, 4 bedrooms, 10 bathrooms, a fully-equipped work out room, dance studio, guest quarters and a brand new, partially underground complex with Olympic-length indoor swimming pool and adjoining massage, dressing, showering, steam/sauna, and ablution facilities. Missus McCourt, it seems, is a dedicated lap swimmer and the estate's outdoor pool was not suitable for her watery endeavors. The extensively engineered addition is shown under construction above (at right of image), but is now completed and fully landscaped. The new pool complex is essentially invisible from the motor court and lawn that covers the roof.

Mister McCourt and (ex-)Missus McCourt, for those who haven't already heard the story, created a west coast whirlwind in 2004 when they swooped in from Boston and scooped the Los Angeles Dodgers from Rupert Murdoch's NewsCorp for $430,000,000 and almost, as mentioned above, immediately shoveled out another $21,250,000 to acquire their Holmby Hills estate. They quickly spent another $6,500,000 to buy an adjoining estate with substantial Sunset Boulevard frontage and  reportedly purchased for use by staff and guests.

At about the same time the McCourts moved to California they splashed out upwards of $6,000,000 on a 3 bedroom and 2.5 bathroom ski condo in Vail, CO. In 2007 the real estate high-hoggers shelled out $27,250,000 to snatch up an iconic John Lautner designed ocean front home in Malibu—bought from then-still-coupled Courtney Cox and David Arquette—and quickly tossed down another $18,975,000 to buy the perfectly charming but much less architecturally spectacular beach shack next door where (ex-)Missus McCourt received conditional permission to build an beachfront lap pool.

In August of last year (2011)—after they split but before their divorce was finalized in early 2012—the ferociously feuding McCourts sold the less lavish of their two Holmby Hills residences, an 8,000-plus square foot rambler with 8 bedrooms and 10 bathrooms on 1.63 acres. Records show the property was sold for $6,525,000 to a corporate entity.

The McCourts own (and maybe still own, we're not sure) a number of other high-priced properties from Massachusetts to Cabo San Lucas. Your Mama spoke about these properties in greater detail back in October 2009 when we took a long spin through their famously extensive property portfolio. If any of y'all feel the need to dig deeper, grab a cocktail and take a turn through that very lengthy discussion.

aerial photo: Google

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Rumor Has It...

...fit-as-a-fiddle sitcom star (Cougar Town, Friends) and well-known real estate freak and design fiend Courtney Cox and her estranged actor/producer husband David Arquette have covertly off-loaded their architecturally thrilling mid-century modern residence in Beverly Hills, CA.

Patty Propertyseller—you may remember her from today's earlier rumors about Madonna's Bev Hills house—told us she heard the Trousdale Estates treasure, originally designed by by A. Quincy Jones and re-worked by talented lady architect (and A. Quincy Jones expert) Cory Buckner, was in escrow. Another source, let's call her Helen A. Hightower, whispered in Your Mama's ear that she heard the down-low deal was all but complete and the buyer is a scion of an illustrious and powerful American dynasty.

Property records don't yet reflect a transfer of ownership and neither of our plugged in sources slipped us a sale price but the children may recall back in mid-September (2011) we heard from trusted informant Ivana Blowarealestatewhistle that the erstwhile Cox-Arquettes were in stealth preparations to make their Trousdale Estates property available off-market with a sky-high but not, so was the consensus amongst Your Mama's compadres, unreasonable price tag of somewhere around $20,000,000. 

Make of this celebrity real estate smoke what you will but for now it's all just some rumor and gossip, kids, rumor and gossip.

Property record and other online resources reveal Miz Cox and Mister Arquette acquired the low slung, nearly five thousand square foot single story residence just minutes from the Sunset Strip and downtown Beverly Hills in mid-June 2004 for $5,450,000. The Bizzy Boys at Celebrity Address Aerial show the Cox-Arquettes also picked up the house next door in late 2008 for an undisclosed amount of money.

Last year Miz Cox spent $2,050,000 up a 1,672 square foot, high-floor condo crib at the star-studded Sierra Towers building for use as her in-town pied a terre, according to tattle tale Anna Falactic. The real estate, architecture and design aficionado recently completed a Michael Kovac (architect) and Trip Haenisch (nice-gay decorator) headed overhaul of a sprawling bluff-top compound in Malibu, CA she bought in early 2007 for $17,150,000 and had photographed in all it's glory for the July/August 2011 issue of Elle Decor.

Just prior to that acquisition she and Mister Arquette sold a rather heavenly John Lautner-designed house on Malibu's Carbon Beach to then-married now bitterly-divorced Frank and Jamie McCourt for $27,250,000. The McCourts quickly dropped another $19,000,000 to snatch up the much more modest beach shack next door. Speaking of Jamie McCourt and her over-stuffed property portfolio, stay tuned for a little real estate dish about her humongous house in Los Angeles' hoity toity Holmby Hills 'hood.

aerial photo (top): Pacific Coast News
swimming pool and view photo (bottom):  Cory Buckner Architects

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Your Mama Hears...

...from a frightfully well-connected informant we'll call Patty Propertyseller that Her Madgesty Madonna has surreptitiously made her Beverly Hills, CA estate available as a pocket listing.

As soon as Patty Propertyseller dropped that juicy celebrity real estate nugget in our fat lap a day or two ago we contacted a few of our other trusted tattletales and quickly heard back from Knancy Knowsthedish—like Patty Propertyseller, an exceedingly well-connected Beverly Hills real estate insider—who snitched that Madge wants $28,000,000 for her French Country-style mansion that sits down a long gated drive off a particularly swish stretch of Sunset Boulevard.

When in residence in Beverly Hills the still-epically-famous-at-50 international superstar is surrounded by massive mansions and exuberantly landscaped estates owned by high fallutin' folks like Stewart and Lynda Resnick, star maker Simon Cowell, sitcom royal Max Mutchnick, and shopping mall magnate Guilford Glazer. Last year it was widely reported Madonna's Bev Hills estate sits next door to the depressingly disheveled Richard Neutra-designed Kronish House bought last October (2011) for $12,800,000 by—Your Mama heard last year from Anita Tellsomebody—Paris Hilton's ex-beau, Greek shipping heir Stavros Niarchos.

Miz Ciccone Penn Ritchie bought her 1.14-acre Sunset Boulevard estate back in June 2003 when married to her most recent ex-hubby English filmmaker Guy Ritchie. The seller was actress Sela Ward (CSI: NY, House M.D., Sisters). Property records aren't entirely clear but most reports on the matter say she/they paid around (or exactly) $12,000,000.

The Los Angeles County Tax Man shows the main house measures 5,800 square feet with 3 bedrooms and 5 bathrooms but those figures may or may not be accurate given the lavish-living Madonna is thought to have expanded and completely redecorated the residence. Knancy Knowsthedish didn't drop the 411 on the number of bedrooms and bathrooms but did mention the interiors are "comfy" and "surprisingly normal." 

The house sits at the rear of the essentially-flat parcel that includes substantial off-street parking, intimate gardens tucked behind and around the side of the main house, a lighted tennis court, and a rectangular swimming pool with an adjacent pool house.

Some of the children may recall this is the very house, so the story we (and others) heard through the celebrity real estate gossip grapevine goes, David and Victoria Beckham wanted to buy back when they moved to Los Angeles in 2007 but were turned off when Madge (allegedly) jacked up the price by ten or so million clams and then told them she didn't want to sell it after all. Rumor and gossip, kittens, rumor and gossip.

This is not the first—nor will it likely be the last—great house in Los Angeles owned by Madonna. In the mid-1990s she owned Longdons Castle (more familiarly known as Castillo del Lago), a legendary wedding cake of a mansion set high on a slim ridge above Lake Hollywood and currently owned by fashion designer Leon Max.

From there The Material Girl decamped to Los Pavoreales, a sprawling Wallace Neff-designed hacienda in Los Feliz, later owned by Bodhi and Jenna Elfman who sold it to Katey Sagal and Kurt Sutter who sold it to Rachel Sweet and Tom Palmer who sold it in April 2010 for $4,895,000 to a non-celebrity financier. Madge moved on from Los Pavoreales to another Wallace Neff-designed Mediterranean-mansion on North Roxbury Drive in Beverly Hills she bought from actress and historic home saver Diane Keaton in May 2002 for around $6,500,000. She sold that house for $8,750,000 shortly after she purchased her current westcoast bedsit, the one she bought from Sela Ward and (allegedly) available for those with the dough able to get in touch with one of the real estate agents in the know.

In addition to her up for grabs abode in Beverly Hills, Madonna's stateside holdings currently include (but may not be limited to) a slew of contiguous apartments at Harperley Hall on New York City's Central Park West, a triple-wide townhouse on the Upper East Side she bought in 2009 for $32,500,000 and extensively renovated, and Wild Ocean Farm, an equestrian facility in Bridgehampton (NY) she picked up in late 2009 from fashion designer Calvin Klein's equestrian-minded ex-wife Kelly. Across the pond, the former couple's English country estate Ashcombe went to Mister Ritchie in the dee-vorce but Madonna continues to maintain at least one Georgian-style townhouse in London's Marylebone neighborhood.

Now remember kids, this is all just rumor and gossip for now but remember you got The T here when you see this matter discussedd in the property gossip columns of more mainstream and respectable publications and websites.

aerial photo: Pacific Coast News

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