Billionaire investor Thomas Barrack sells his Santa Monica mansion for $34 million
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Billionaire investor Thomas Barrack sells his Santa Monica mansion for $34 million
"The 23,515-square-foot mansion, designed by architect Richard Landry, briefly appeared on the open market last summer for $46.5 million. It changed hands two months ago in a deal finalized outside the Multiple Listing Service. The home, built in Neoclassical Colonial style in 2012, boasts such details as scaled formal rooms, an indoor sports court, a professional home theater and a wine cellar."
"French doors lead to a covered pavilion with 1,000 square feet of additional living space. A pathway lined with citrus trees leads to the swimming pool and spa. Views overlook the fairways and greens of the Riviera Country Club. Also on the property is a 5,000-square-foot subterranean garage."
"Barrack is founder and executive chairman of Los Angeles-based Colony Capital Inc. The investment giant, which manages more than $60 billion in assets, was consolidated into Colony NorthStar Inc. earlier this year as part of a three-company merger."
Thomas J. Barrack Jr., a billionaire real estate mogul and informal advisor to President Trump, sold his Santa Monica mansion for approximately $34 million. The 23,515-square-foot Neoclassical Colonial-style home, designed by architect Richard Landry and completed in 2012, features scaled formal rooms, an indoor sports court, professional home theater, wine cellar, gourmet kitchen with Calacatta gold marble countertops, and an elevator servicing each floor. The property includes a covered pavilion with 1,000 square feet of additional living space, a citrus tree-lined pathway leading to a swimming pool and spa, and overlooks the Riviera Country Club fairways. A 5,000-square-foot subterranean garage completes the estate. Barrack purchased the property three years ago for approximately $21 million through a corporate entity. He is founder and executive chairman of Colony Capital Inc., an investment firm managing over $60 billion in assets.
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