Massage Chair Guru seeks $ 64.5 million for Brentwood Estate with underground conference room
In today’s frenetic real estate market, many Los Angeles homes are likely to give you sticker shock. But few can do it like this Brentwood mansion, which went up for sale with a searing demand of $ 64.5 million. If the property sold for close to the listing price, it would become one of the biggest residential deals of the year in California.
The Tuscan-style estate has a number of extravagant amenities to justify the billionaire price tag. Chief among them is the land, which spans an unusually large area of 6.22 acres – all fully landscaped. Unusually, the property is bordered by an additional seven acres of government land and the Santa Monica Mountain Preserve, meaning the place is essentially a giant park with no neighbors. The house itself is also located on a hill at the end of a private cul-de-sac in Brentwood’s bucolic Mandeville Canyon, so it doesn’t get much more secluded than that in the city of Los Angeles.
Perhaps surprisingly, the current home owner is not a celebrity or a hedge fund mogul. This is Matt Wollman, a low-key businessman who made his fortune making massage chairs. In 2003, Wollman sold his Los Angeles-based company, Interactive Health, for $ 94 million. Four years later, the longtime entrepreneur – he is now president and CEO of Strategic Services International, a global security consulting firm – bought this Brentwood estate for $ 25.3 million. At the time, that number was one of the highest prices ever paid for the Westside LA home, although that record has since been eclipsed on several occasions.
The current list is a bit stingy with photos, and there aren’t any interior snapshots at all, so you’ll have to use your imagination to imagine the different rooms. But according to the list, the spaces are traditional with a Mediterranean touch. Upstairs, the master suite has a marble bathroom, a separate living room and two walk-in closets. There are also the typical luxury amenities – a media room, a gym, a children’s playroom, a formal dining room, and a double-height living room. The L-shaped home was built in 1993 and has six bedrooms and eight bathrooms over 11,700 square feet of living space, according to public records.
But the property’s most unusual feature is at the rear, under the flat crepe lawn. A set of concrete stairs descend into the ground, to an “imposing arch doorway” which keeps an “auxiliary space in the basement,” according to the listing. The hidden underground space is “perfect for large meetings, with state-of-the-art technology and security”.
And once the lectures are over, the owner can reappear in a peaceful world upstairs. A swimming pool is surrounded by olive trees, while the vine-shaded outdoor lounges overlook endless lawns. Generous sprays of fragrant lavender are scattered, as are dozens of specimen trees. Near the north end of the property, a full-size tennis court is fully lit for nighttime games and has a covered observation pavilion for spectators. For large events, the estate has off-street parking for more than 16 vehicles and an adjoining garage for three cars.
Hilton & Hyland’s Jeff Hyland and David Kramer hold the list.
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