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Friday, January 17, 2014

Hot Property: House Where Perry Never Made a Grand Entrance Sells

By Lauren Beale

Katy Perry has tidied up some old business, selling her fortress-like compound in Hollywood Hills West for $5.565 million.

The pop singer bought the property in 2011 with her then-husband, actor Russell Brand, for $6.5 million. But the couple never moved in and was divorced in 2012.

The double-gated Mediterranean-style house, built in 1925, features an impressive baronial stone foyer with a sweeping staircase. A two-story living room, stained-glass windows, a carved fireplace mantel in the living room, a pub, a study and a media room are among other features.

Called Park Hill, the house sits on nearly 3 acres with a caretaker’s apartment/carriage house and a guesthouse. The 8,835 square feet of living space includes a four-room master suite, two guest suites and staff quarters, seven bedrooms and nine bathrooms.

Perry, 29, released the album “Prism” last year. Among her previous albums are “One of the Boys” (2008) and “Teenage Dream” (2010), which included five No. 1 hits on the Billboard Hot 100 list.

She is slated to perform Jan. 26 at the Grammy Awards.

©2014 Los Angeles Times

Like Father, Like Daughter

Film producer Megan Ellison seems to be taking after her billionaire father, Larry Ellison, chief executive of Oracle Corp., when it comes to making shrewd real estate purchases.

He owns a string of houses along Malibu’s exclusive Carbon Beach. She is becoming known for buying up adjacent properties to create larger holdings.

Last year she sold her three-house compound in Hollywood Hills West for close to $47 million, pocketing a gain of about $14 million in the five years since she bought the first property. Now she has spent $20 million on a striking mansion and $10 million on adjacent land to create a 9-acre mountaintop estate in the same community.

The contemporary house, looking like a cross between an art museum and a modern church, was built in 1990. The city view home features nearly 10,000 square feet of living space containing guest apartments, a bar, a gym, a media room, a sauna, six bedrooms and eight bathrooms.

The grounds include a grotto swimming pool with a spa, a sand volleyball court and parking for 25 vehicles.
Ellison, 27, is the founder of Annapurna Pictures. Her producer credits include “Lawless” (2012), “Zero Dark Thirty” (2010) and “True Grit” (2010).

She is also a producer on the recently released “American Hustle.”

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