"The property was sold out of bankruptcy to Fashion Nova founder and CEO Richard Saghian for $141 million, a far cry from 944 Airole Way's $295 million listing. Property and state records show Hankey bought the home in 2018 for $12.4 million, nabbing a steal given the estate originally hit the market for $30 million."
"The nearly 14,000-square-foot home is in the gated Oak Pass community and sits on a sprawling, 1.7-acre lot that includes a main residence, guest house, two-floor gym and basketball court. Other highlights include a salon, theater and orchards."
"Located in the Beverly Hills Flats neighborhood, the home underwent a major renovation that was finished in 2020 and expanded the home's footprint by about 3,500 square feet. Highlights include a library, meditation room and theater. The property also has a guest house spanning almost 1,000 square feet."
A seven-bedroom, 12-bathroom Beverly Hills mansion at 9694 Oak Pass Road has entered into contract for $21.8 million, topping last week's signed contracts in Los Angeles County. The nearly 14,000-square-foot property sits on 1.7 acres in the gated Oak Pass community and includes a main residence, guest house, two-floor gym, basketball court, salon, theater, and orchards. Current owner Don Rufus Hankey, son of billionaire Don Hankey, purchased the home in 2018 for $12.4 million, significantly below its original $30 million asking price. The listing is held by Christie's International Real Estate Southern California agents Aaron Kirman and Daniel Milstein. A second major Beverly Hills property at 621 North Maple Drive also went into contract, listed at $17.5 million.
Read at therealdeal.com
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