Jeff Bezos drops $255 million in wild California real estate shopping spree

By James McClain | Variety

The Roaring ’20s redux has only just begun, but it’s already
been a whirlwind decade for Amazon head honcho Jeff Bezos and his
girlfriend, former TV news anchor Lauren Sanchez. The couple made
their public red carpet debut in India, purchased their
neighbors’ home in Washington D.C., and have just capped off a
Beverly Hills real estate money flex that’s one for the record
books.

For the last few months, it’s been widely rumored that Bezos
and Sanchez have been house-hunting in Los Angeles, and now the
Wall Street Journal reveals that they’ve sealed the deal(s) in a
truly epic manner befitting the planet’s biggest bank
account.

The couple has locked down two enormous estates in the coveted
90210 zip code, paying a California record $165 million for David
Geffen’s legendary Jack Warner estate in Beverly Hills. They
shelled out another $90 million for the vacant Enchanted Hill
estate in the Beverly Hills Post Office neighborhood, sold by the
estate of the late Microsoft co-founder Paul Allen.

Although the Jack Warner property was never officially listed
for sale, it’s no secret among high-powered real estate brokers
that Geffen has wanted to sell the massive spread for many years.
As far back as 2007, there were whispers about the billionaire
toying with putting the Roland Coate-Designed manor on the market
with a $100+ million pricetag, though it never officially surfaced
on the MLS.

Geffen purchased the estate 30 full years ago, back in 1990, for
$47.5 million. At that time, his splurge was reportedly the highest
price ever paid for a home in the United States. He’s since
extensively renovated the property, which encompasses nearly 10
flat acres — all of them fully landscaped with dozens of specimen
trees, enormous swaths of grassy lawn, and a 1937 colonial-style
main house that spans 13,600 square feet of living space. There’s
also a separate, secluded pool complex area with guest quarters.
Naturally, the whole spread — which is sited at the northern edge
of Beverly Hills in lower Benedict Canyon — is walled, gated and
protected with a state-of-the-art security system. The property is
also surrounded by one of the tallest hedgerows in all of Beverly
Hills.

The $165 million deal obliterates the previous California record
that was set only three months ago, when News Corp. heir Lachlan
Murdoch paid $150 million for Chartwell, the former Beverly
Hillbillies estate in Bel Air. It’s also the second-biggest U.S.
transaction ever notched, behind only Ken Griffin’s $238 million
Manhattan penthouse splurge.

Just about 1.7 miles up the hill from the Jack Warner estate
lies a vacant hilltop property. Known as Enchanted Hill, this is
the estate last owned by Paul Allen, who purchased the 120-acre
spread in 1997 for $20 million, razed the existing ranch-style
structures, and replaced them with little more than a flat grassy
pad. Allen reportedly planned to build a private compound on the
property, but that project never came to fruition.

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Shortly after Allen’s death, the Enchanted Hill was offered for
sale at $150 million, later cut to $110 million. According to the
Wall Street Journal, Bezos is paying $90 million for the estate,
which features a mile-long paved driveway and two gated entrances,
one on Angelo Drive and the other on Benedict Canyon road.
Presumably Bezos and Sanchez will eventually build a new
mega-complex lovenest on Enchanted Hill, but as of now their exact
plans officially remain a mystery.

Jeff Hyland, Rick Hilton, Jesse Lally and Zach Goldsmith, all of
Hilton & Hyland, held the listing on Enchanted Hill. No real
estate agents were involved — or harmed — in the $165 million
Jack Warner estate deal.

Source: FS – All – Real Estate News 1
Jeff Bezos drops 5 million in wild California real estate shopping spree