Celeb R.E.: Former Britney Spears Lease Previously Owned by Executive Ron Tutor in Hidden Hills Demolished And On The Market As A Land Purchase

Image courtesy Berkshire Hathaway Home Service

Images courtesy Bing Maps

Fresh on the MLS is the former leased home of Britney Spears in Hidden Hills that was demolished and made available as a land purchase on December 29, 2013 for $10,995,000 for a total of 3.39 acres. 

The home was previously owned by executive Ron Tutor who is chairman of Sylmar-based construction giant Tutor Perini Corportion. Ron Tutor is also known for leading an investment group including Colony Capital in the purchase of Miramax Films from Walt Disney Co. for $660 million in July 2010.

Britney Spears occupied the property reportedly paying $25,000 per month sometime in the beginning of 2011 and vacated at the end of 2011. The listing pictures and description of the property at that time can be viewed here. 

Tutor sold the home to a company called Safari View LLC on June 25, 2013 for $7,350,000 who later deeded the property to a company called Ashley Ridge Land LP on August 20, 2013. 

Surprisingly (or not), the new owners decided to demolish the 10 Bed/13 Bath on 19,107 sqft on 3.39 acres built in 1987 and made no improvements to the property aside from demolition (if that can be considered an improvement but the tennis court and pond remain) and listed the property 6 months later hoping for a $3,645,000 gross profit. So let me repeat here, the property was demolished with no new building erected or any other structure for that matter and listed at $3.7 million more than when a home actually existed on the lot. If this sells anywhere near the asking price, I need to get a job in high end real estate. 

However, to be fair and impartial, the housing market has supposedly recovered and Hidden Hills is a hotbed of activity with limited opportunities available especially land. Take note that Dr. Dre recently purchased 5 acres in Hidden Hills for $10.5 million in October 2012 discussed here. This is obviously a 1.61 acre difference but this was back in 2012 before the housing market rebounded significantly. So maybe the asking price isnt too far off and it just needs to come down $1 million or so. If any prospective buyer is not interested in building their own custom home, there is also the option of purchasing the former Lisa Marie Presley home measruing 8 Beds/9 Baths on 15,667 sqft on a total lot size of 3.01 acres that was demolished and built new currently asking $19.995 million and has been sitting on the market since April 2013 if that is any indication of how overly priced this area has become. The listing description is below: 

TRULY MAGNIFICENT 3.39 ACRE LOT WITH AN ENORMOUS FLAT PAD AND PASTORAL VIEWS, IN THE PRIME ASHLEY RIDGE SECTION OF HIDDEN HILLS. THE FORMER HOME ON THIS SITE HAS BEEN DEMOLISHED, TENNIS COURT AND POND REMAIN. FEATURES INCLUDE HUGE MATURE TREES, WONDERFUL PRIVACY, ALL UNDERGROUND UTILITES AND FINISHED ARCHITECTURAL PLANS! THE PLANS ARE APPROVED AND READY TO PULL A PERMIT FOR A GORGEOUS CUSTOM FRENCH ESTATE THAT INCLUDES AN APPROX. 18,800 SQ. FT. MAIN HOUSE WITH AN ATTACHED 3-CAR GARAGE, PLUS A 945 SQ. FT. DETACHED 4-CAR GARAGE, PLUS 800 SQ. FT. GUEST HOUSE, AND 1,200 SQ. FT. POOL/CABANA WITH INDOOR SPA, PLUS 727 SQ. FT. DETACHED 2-CAR GARAGE STUDIO. THE PROPERTY CONSISTS OF TWO LOTS (11 AND 12) THAT HAVE BEEN TIED TOGETHER. THIS IS ONE OF THE MOST BEAUTIFUL LAND PARCELS IN ALL OF HIDDEN HILLS, SURROUNDED BY SOME OF THE FINEST HOMES YET CREATED THERE. A ONE-OF-A-KIND PROPERTY.

Other celebrities with recent real estate transactions or listings in Hidden Hills include the following:

1. Music Producer/Writer Couple Adam & Nikki Anders list for $5.450 million on September 2013. 
2. Dr. Dre building new mansion in Hidden Hills for $10.5 million land purchase in October 2012.
3. The former Lisa Marie Presley estate flipped at $22 million in April 2013. 
4. Ozzy and Sharon Osbourne (music/reality) who just sold their mansion to Jessica Simpson for $11.5 million in March 2013.
5. LeAnn Rimes and Eddie Cibrian who purchased a $3 million short sale in December 2012.
6. Tamar Braxton and Vincent Herbert who purchased a Hidden Hills mansion designed by Ron Firestone on September 8, 2011 for either $3.4 million or $6.9 million who heaved it back on the market for barely one year later on October 11, 2012 for $7,595,000 and havent budged ever since. 
7. Billy Blanks (Tae Bo) who recently sold his mansion for $7.3 million. 
8. Ron Tutor (Construction) who previously leased to Britney Spears and is currently available for less than $10 million.
9. Beau Bridges (actor) who is trying to sell for under $3 million.
10. Drake (music) who recently purchased for $7.7 million.
11. Taylor Hawkin's (Foo Fighters music) purchase of a former Howie Mandel mansion for $2.7 million.
12. Morris Chestnut's short sale for $2.3 million.
13. Dwayne "The Rock" Johnson's (wrestling/acting) who recently sold for $4 million. 
14. Also, the Kardashians/Jenners live in this area. 

You can view more SFV Celebrity Real Estate here.  

Celeb R.E.: Music Producer/Writer Couple Adam & Nikki Anders List Hidden Hills Crib

Images courtesy Berkshire Hathaway Home Services

Back on October 2, 2013, the always hilarious Your Mama at the Realestalker revealed that hit producing/writing couple Adam & Nikki Anders have listed their Hidden Hills crib for $5,450,000 back on September 9, 2013 which is currently in a pending status as of October 18, 2013. 

Adam Anders has sold more than 60 million albums earning three Grammy nominations, a People's Choice award, and two Golden Globe Awards. He is the executive music producer for his show, Glee, and has written and produced music for the Jonas Brothers, Miley Cyrus, Selena Gomez, Backstreet Boys, Ceelo Green, Nick Lachey, and Clay Aiken. He has also produced music for major films like Disney's High School Musical 3, Hannah Montana, Evan Almighty, The Wedding Planner, and Rock of Ages where he coached Tom Cruise how to sing for that film. Adam's wife, Nikki, is also a writer/producer assisting Adam with their record label Anders Music which was renamed Deep Well Records which happens to be the street name of their home in Hidden Hills. 

The home measures 5 Beds/6 Baths on 5,677 sqft on a total lot size of 1.34 acres built in 1955. The listing description states:

Modern Country Estate! New Construction Completed in 2012. This quintessential Hidden Hills home sits on over 1.3 flat acres. Every detail designed and decorated to perfection. Extensive use of mill work, wide plank oak floors, Carrera and Calcutta marble, and custom built-ins used throughout. 5 bedrooms, 6 bathrooms, each uniquely designed and decorated. Huge chef~~~s kitchen with high-end appliances, large eating area, accented by fireplace and beautiful windows overlooking the manicured gardens. Office, playroom, master with vaulted ceilings, exposed beams, fireplace, and French doors leading to master deck. Theater/ music room (used as recording studio) motorized drop down screen, and digital projector. Upstairs bonus room with kitchenette. Great room features blue stone fire place, 7.1 surround, grand vaulted ceilings with raised cove, clerestory windows, and beams with hand-made iron hardware. 12-foot collapsing doors lead to the magnificent outdoor living room, stunning 8 foot concrete fireplace wall. Sports court, pool, spa, covered man cave, tricycle path, massive cedar playground, custom redwood irrigated vegetable house, outdoor fountains, large fire pit, numerous fruit trees, and destination sitting areas.

The Anders last purchased this property back on June 4, 2010 for $2.2 million and have made numerous updates and renovations to the property. The total amount spent is unknown but based on the current asking price, the Anders stand to gain $3.25 million before any expenses. Its not known where the Anders are moving onto but I am guessing a bigger home in the Calabasas/Hidden Hills area. Also, the Anders previously owned a 3 Bed/2 Bath on 1,489 sqft condo in Old Town Pasadena that was purchased for $340,000 on July 28, 2000 and sold for $535,000 on July 25, 2003. 

Other celebrities with recent real estate transactions or listings in Hidden Hills include the following:

1. Dr. Dre building new mansion in Hidden Hills for $10.5 million land purchase in October 2012.
2. The former Lisa Marie Presley estate flipped at $22 million in April 2013. 
3. Ozzy and Sharon Osbourne (music/reality) who just sold their mansion to Jessica Simpson for $11.5 million in March 2013.
4. LeAnn Rimes and Eddie Cibrian who purchased a $3 million short sale in December 2012.
5. Tamar Braxton and Vincent Herbert who purchased a Hidden Hills mansion designed by Ron Firestone on September 8, 2011 for either $3.4 million or $6.9 million who heaved it back on the market for barely one year later on October 11, 2012 for $7,595,000 and havent budged ever since. 
6. Billy Blanks (Tae Bo) who recently sold his mansion for $7.3 million. 
7. Ron Tutor (Construction) who previously leased to Britney Spears and is currently available for less than $10 million.
8. Beau Bridges (actor) who is trying to sell for under $3 million.
9. Drake (music) who recently purchased for $7.7 million.
10. Taylor Hawkin's (Foo Fighters music) purchase of a former Howie Mandel mansion for $2.7 million.
11. Morris Chestnut's short sale for $2.3 million.
12. Dwayne "The Rock" Johnson's (wrestling/acting) who recently sold for $4 million. 
13. Also, the Kardashians/Jenners live in this area. 

You can view more SFV Celebrity Real Estate here. 

Celeb R.E.: Will Smith and Jada Pinkett Selling Calabasas Mansion?

Image courtesy Bornrich.com

The latest rumor from the always hilarious Your Mama at the Realestalker is that Hollywood power couple, Will Smith and Jada Pinkett, quietly put their Calabasas mansion (sometimes reported as Malibu) up for sale as a pocket listing (meaning not listed on the MLS) asking a monstrous $42 million back on August 27, 2013 which is the highest asking single family real estate property in the SFV at this time. 

The other rumor floating around is that Will and Jada are separated and are currently trying to dissolve of their biggest assets which has already included a 7 acre Hawaiian hideaway on the island of Kauai  that was sold to Russian real estate mogul Dmitry Rybolovlev for $20 million according to the Realestalker. 

And the third rumor which is the main reason for rumors #1 and #2 is that Jada is having an affair with Marc Antony who recently purchased a new home in Encino after filing for divorce against Jennifer Lopez who currently lives in Hidden Hills. I dont know if any of these rumors are true but they make for a good story. 

Image courtesy Architectural Digest

The Calabasas home sits on more than 150 acres with the main home measuring 25,000 sqft that was designed by Santa Fe-based architect, Stephen Samuelson, using "various interpretations of adobe in Persian, Moroccan, Spanish, as well as Southwest American cultures" according to the September 2011 issues of Architectural Digest where the home was featured and you can view many great pictures of the property here. 

Image courtesy Google Maps

The Smiths also own a Hidden Hills home that measures 5 Beds/6 Baths on 5,976 sqft on a total lot size of 4.86 acres built in 1978 and was purchased on April 17, 2003 for $3.4 million. This home was supposedly the temporary residence for the Smiths while the Calabasas home was being built. Currently, the rumors suggest that this is location is where Jada Pinkett lives and has been spotted with Marc Antony assuming the rumors are true. Surprisingly or not, this home is not too far from Jennifer Lopez's home in Hidden Hills.

Image courtesy RE/MAX

The Smiths also own a Woodland Hills home that measures 5 Beds/5.5 Baths on 4,146 sqft on a total lot size of 6,925 sqft that was built in 2007 and purchased on August 16, 2010 for $910,000. The purpose of this home purchase is unknown but could possibly be for family, investment, or even for the kids because when you have that much money, why not?

We currently await for any rumors to be confirmed and when we catch wind of it, definitely will post providing whatever pictures are available for this unique and massive property. Hopefully this is not true as I hope the Smiths will still call the SFV home.  

The Calabasas area is home to many celebrities, athletes, and famous execs as discussed in this blog listed below:

1. Marla Maples of Donald Trump fame sold Calabasas home for $2.2 million in July 2013. 
2. David Hasselhoff moves from Encino to Calabasas paying $1.95 million on May 15, 2013. 
3. Former NBA star, Mitch Richmond, listed his mansion for sale on April 29, 2013 for $9,495,000.
4. Former NFL star Keyshawn Johnson listed his mansion for sale on December 3, 2012 for $10,500,000.
5. The late Eazy-E's wife, Tomica Woods-Wright, home was recently foreclosed on May 11, 2012 and later sold for $2 million on November 27, 2012. 
6. Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million. 
7. El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced price of $6.8 million. 
8. The former Britney Spears rental was sold for $5.4 million on October 19, 2012.
9. Baseball great Eric Davis home was sold as a short sale on May 4, 2012 for $1.8 million.
10. Joey Lawrence purchased on December 13, 2011 for $1,442,500.
11. NBA star Bryon Russell's home was foreclosed and later sold for $1,560,000.
12. Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker,  James Wilson's massive ranch, Candi Milo (former), Joel Diamond, and Brad Wilk of Rage Against the Machine to name a few.  

You can view more SFV celebrity real estate here.

Celeb R.E.: Dr. Dre Building Mega Mansion in Hidden Hills?

Image courtesy Google Maps

Back on August 20, 2013, the always hilarious Your Mama at the Realestalker was the first to reveal that rapper, producer, and headphone entrepreneur, Dr. Dre, purchased two parcels totaling more than 5 acres in Hidden Hills for $10.5 million in October 2012 shortly after he had already purchased a $15.4 million Hollywood Hills home in the Birds street area. The fact that Dr. Dre shelled out close to $30 million on two different properties in a short period of time suggests that 2012 was an exceptional year for Dr. Dre (Forbes reported that Dr. Dre earned $110 million in 2012 alone through his various endeavors) and needed to spend the gains to minimize tax liability. 

I have not been able to find other details regarding this transaction nor the exact address but I believe I found the vacant lots shown in the picture above which is next door to the mansion recently purchased by Jessica Simpson that was previously occupied by the Osbournes. 

Dr. Dre has been residing in the West Valley since the early 90's as he currently owns a home in Woodland Hills (directly across from Scott Baio's home). I will follow up with another post on the various homes Dr. Dre has owned in the SFV which includes a mansion in Chatsworth and I believe Calabasas. Dr. Dre was also recording hits at Death Row which was based in Tarzana. 

You can read more SFV Celebrity Real Estate here.

Celeb R.E.: Marc Anthony Settles Down in Encino's Amestoy Estates

Above images courtesy Rodeo Realty

According to the gossip kings at TMZ, Latin singer-songwriter, actor, and record producer, Marc Anthony, has just purchased an Encino mock-Med mini mansion in the Amestoy Estates area which is located north of Ventura Blvd and South of the 101 Freeway (as a matter of fact the home is a stones throw away from the 101 and not too far from the old Edward Everett Horton ranch) for reportedly $2.5 million. Online property records dont reflect any transactions occurring in this amount or in Anthony's name so we have to assume that TMZ is correct and that the records will be updated  in the near future. 

The home measures 5 Beds/4.5 Baths on 6,263 sqft on a total lot size of 0.41 acres built in 1988. Prior to Anthony's purchase, this property was purchased for $1.4 million on January 14, 2011. The pictures shown above are from the 2011 listing and not the most recent sale.  However, the listing description from when the home was first listed on October 4, 2012 is below which states that over $300K has been invested in the property so one can assume that the home looks much different than what is shown above.

Enter your entertainer's paradise. Tucked away behind gates and within a gated community is this gorgeous Spanish mansion. Over $300,000 in renovations have made this home an idyllic retreat. From the gorgeous hardwood floors to massive chandeliers to new electrical and plumbing no cost was spared. Enter into a grand foyer with soaring cathedral ceilings and impressive finishes. The home comes complete with 6 beds and 9 baths. The massive gourmet kitchen comes complete with commercial grade venting hood, SubZero Dual Fridges and Freezers, a Wolf Grill and Stove that would make a chef salivate. In the spacious master bed you can curl up by the fireplace or enjoy a cup of coffee on the balcony. The master bath is an absolute treat with a fireplace, dual steam showers, dual wash closets and dual vanities and, not to mention, every woman's dream... a store sized closet! Additional features are a recording studio and so much more. Inquire ASAP! 

Prior to this home, TMZ stated that Anthony was leasing a 10,000 sqft Italian Renaissance villa in West Hollywood for $23,800 per month in October 2011 shortly after his separation from Jennifer Lopez in July 2011 with Anthony eventually filing for divorce on April 9, 2012. 

Image courtesy Google Maps

Above images courtesy Prudential California Realty

When Anthony was married to Jennifer Lopez (married on June 5, 2004), they lived in a massive Hidden Hills mansion (shown above) which is currently occupied (and I guess 100% owned??) by Jennifer Lopez. The home measures 9 Beds/11.25 Baths on 17,129 sqft on a total lot size of 3.04 acres built in 1993. This home was purchased by the Lopez and Anthony on January 15, 2010 for $8.2 million from retired businessman, Andrew McIntyre, who was the former chairmen of AME Inc., which was acquired by Arctic Oil and Gas in the later 1980's. The listing description states:

SPECTACULAR, ONE-OF-A-KIND, CUSTOM ESTATE WITH ABSOLUTELY PANORAMIC, CITY LIGHT VIEWS. OVER 17,000 SQUARE FEET OF QUALITY AND LUXURY ON A HUGE (3-ACRE) DOUBLE LOT. FABULOUS, 20-SEAT THEATER, HUGE GAME ROOM, STELLAR GYM, RECORDING STUDIO, GOURMET KITCHEN, STUDY, BIG BONUS ROOM, FULL GUEST SUITE WITH PRIVATE ENTRANCE, WINE CELLAR, BIG SPORTS COURT, 8-CAR GARAGE WITH MOTORCOURT, EXPANSIVE ROLLING LAWNS, POOL, SPA, BBQ CENTER, MATURE TREES! WONDERFUL PRIVACY AND A PRIME, ASHLEY RIDGE LOCATION TOO. NOTHING LIKE THIS ON THE MARKET. (PLEASE SEE AGENT REMARKS REGARDING YEAR BUILT AS HOME WAS BUILT IN TWO-PHASES OVER TWO ADJOINING LOTS). QUALIFIED BUYER'S ONLY PLEASE.

Other celebrities living or previously lived in Encino discussed on this blog are the following:

1. Funnyman Kevin James recently sold two homes; the larger mansion for $5.5 million in May 2013 and the smaller home for $1.6 million in March 2013.
2. The late Warren Cowan, who was a publicist to the stars, just sold for $2 million on March 2013.
3. Shirley Jones of the Partridge Family is currently available for $2.1 million.
4. The late Fred Travalena's long time Encino home currently listed at $1,425,000. 
5. David Hasselhoff's long time Encino Mansion currently priced at $3,795,000.
6. Joe Simpson's Royal Oaks Mansion which is currently listed for $4,395,000
7. The former Al Jolson Estate which was owned by Charlie Sheen at one time is listed for $6.5 million. 
8. The former home of Selena Gomez just sold for $3.5 million in December 2012.
9. Heidi Saban Stills (father is billionaire Haim Saban) home just sold for $2.4 million in February 2013.
10. The former Macy Gray home is available for $5.9 million.
11. The former Joey Lawrence home just sold for $1.875 million in February 2013.

There are many celebrities who previously or currently call Encino home like Tori Spelling (former), Scott Baio (former), the Jackson Family compound, Leighton Meester, Annette Funicello's fire destroyed home, Brian Bloom, Tamar Braxton and Vincent Herbert (former), Vampire Diaries Director (former), Jennifer Morrison (former), Dave Grohl, Donald Penn, and Shirley MacLaine (former) to name a few (or several).

Other celebrities with recent real estate transactions or listings in Hidden Hills include the following:

1. The former Lisa Marie Presley estate is flipped for $22 million in April 2013. 
2. Ozzy and Sharon Osbourne (music/reality) who just sold their mansion to Jessica Simpson for $11.5 million in March 2013.
3. LeAnn Rimes and Eddie Cibrian who purchased a $3 million short sale in December 2012.
4. Tamar Braxton and Vincent Herbert who purchased a Hidden Hills mansion designed by Ron Firestone on September 8, 2011 for either $3.4 million or $6.9 million who heaved it back on the market for barely one year later on October 11, 2012 for $7,595,000 and havent budged ever since. 
5. Billy Blanks (Tae Bo) who recently sold his mansion for $7.3 million. 
6. Ron Tutor (Construction) who previously leased to Britney Spears and is currently available for less than $10 million.
7. Beau Bridges (actor) who is trying to sell for under $3 million.
8. Drake (music) who recently purchased for $7.7 million.
9. Taylor Hawkin's (Foo Fighters music) purchase of a former Howie Mandel mansion for $2.7 million.
10. Morris Chestnut's short sale for $2.3 million.
11. Dwayne "The Rock" Johnson's (wrestling/acting) who recently sold for $4 million. 
12. Also, the Kardashians/Jenners live in this area. 

You can view more SFV Celebrity Real Estate here. 

Celebrity Real Estate: Former Lisa Marie Presley Estate in Hidden Hills Flipped at $22 Million Asking Price

Fresh on the MLS is the former home of Lisa Marie Presley in Hidden Hills (where Jessica Simpson just acquired the Ozzy and Sharon Osbourne masnion for $11.5 million in March 2013) which has been just listed with a staggering price of $21,950,000. This is currently the highest list price in Hidden Hills with the next closest listed at $7.5 million. This is most likely the highest list price in the entire SFV and if sold near this price, could possibly make it a record. 

Lisa Marie Presley is the only daughter of Elvis Presley and Priscilla Presley who dont need any introductions.  Elvis is so damn popular that impersonator, Danny Uwnawich, built a mini Graceland in Northridge dubbed Melody land which unfortunately doesnt exist today but the home remains. 

But back to Lisa Marie who inherited Elvis' estate on her 25th birthday in 1993 which was estimated to be worth $100 million. In February 2005, Lisa Marie sold 85% of the estate's business holdings but retained 100% sole personal ownership of Graceland Mansion and its over 13-acre original grounds and her father's personal effects. Lisa Marie is also a singer-songwriter like her famous father and recorded three studio albums with the most recent, Storm & Grace, in 2012 which hit #45 on the US charts. 

Lisa Marie's personal life is quite busy as she has been married four times including former SFV resident, the late Michael Jackson (1994 - 1996), and Valley Girl movie star, Nicolas Cage (2002 - 2004). Lisa Marie was first married to Danny Keough (1988 - 1994) who they had had a daughter and son. She is currently married to Michael Lockwood (2006).

The former home of Lisa Marie was first purchased on December 15, 1993 for $2.6 million and first listed on February 14, 2010 for $8,999,000 million. Eventually it was sold for $5 million on November 24, 2010 representing a gain of $2.4 million before taxes, commissions, carrying costs, and any renovation expenses. This property was purchased by what appears to be a doctor based out of UCLA hospital. This doctor subsequently razed the entire property and started from the ground up as first reported by Your Mama at the Realestalker on June 20, 2011. I am not sure if anything from the original home was retained but looks like every damn structure and even the pool was razed which got me thinking something.

If a doctor can purchase a $5 million home, completely raze it and spend say another $5 million building a new estate, and then list it for $22 million hoping for a gross profit of roughly $10 million in two years time, we must be in another bubble. I have no idea what was wrong or lacking in the first property (shown below) but did it warrant a complete tear down? Maybe I am wrong but I am highly suspect that this home will sell for $22 million. If someone is going to pay $22 million in Hidden Hills, they will most likely pay that much in Beverly Hills or Bel Air. Good luck and I will be watching this property closely as all kinds of new precedents could be established with the sale of this estate. 

Above images courtesy Prudential California Realty

The home measures 8 Beds/9 Baths on 15,667 sqft on a total lot size of 3.01 acres built in 2012. The listing description states:

THE CROWN JEWEL OF HIDDEN HILLS! BRAND NEW, GATED AND SUPERBLY PRIVATE, COUNTRY FRENCH MASTERPIECE ON 3-FLAT ACRES. THIS SPECTACULAR ESTATE OFFERS A STUNNING MASTER SUITE WITH DUAL BATHS, RETREAT, STONE FIREPLACE, SKYLIGHTS, MIRRORED DRESSING AREA, ENORMOUS CUSTOM CLOSETS, GYM, STEAM SHOWER, SAUNA, AND A PRIVATE PATIO WITH SPA. THE STELLAR GOURMET KITCHEN WITH DUAL ISLANDS OPENS TO THE FAMILY ROOM WITH VOLUME CEILING, LARGE FORMAL DINING WITH FIREPLACE AND REFRIGERATED WINE STORAGE, GORGEOUS HOME THEATRE WITH UPHOLSTERED WALLS, GAME ROOM WITH SUEDE WALLS & STONE WET BAR, CUSTOM PANELED LIBRARY WITH HERRINGBONE FLOORS, CUSTOM OFFICE, LIVING ROOM WITH VAULTED TRUSS CEILING, BONUS ROOM, WIDE, ART GALLERY WALKWAYS WITH GROIN CEILINGS, 8 TOTAL FIREPLACES, STONE & WIDE PLANK HARDWOOD FLOORS, AND CONTROL 4 SMART HOME SYSTEM (MUSIC, LIGHTING, HVAC, T. V. 'S). THE WONDERFULLY PRIVATE GROUNDS INCLUDE 2 SWIMMING POOLS, 2 SPAS, 2 BBQ CENTERS, AN APPROX. 1,050 SQ. FT. ENTERTAINING PAVILION WITH FIREPLACE AND MUSIC, A SECLUDED POOL HOUSE WITH FIREPLACE AND BATH, 3 BUBBLING FOUNTAINS, "ROCK" SPEAKERS, SPORTS COURT AREA, 2 VINEYARDS, ROSE GARDEN, MATURE TREES, GATED COURTYARD ENTRY, AND OVER AN ACRE OF LAWNS. NOTHING LIKE THIS HAS BEEN CREATED BEFORE IN HIDDEN HILLS.

The listing photos and description above are from the current listing. Below is the listing description and photos from the time that Lisa Marie listed in 2010 showing the original house prior to being demolished.

Above images courtesy Partners Trust

The previous home measures 8 Beds/9 Baths on 8,000 sqft on a total lot size of 3.07 acres built in 1981. This home was also discussed by Your Mama at the Realestalker. The listing description at that time stated: 

Behind the gates of the exclusive community of Hidden Hills is a truly private estate on just over 3 acres. At the end of Long Valley, this home is neighbor to the famous Ahmanson Ranch. Boasting almost 8,000 square feet, the main residence offers 5 bedrooms and 5.5 baths and is complimented by architectural details like pitched ceilings and beautiful archways. There is an enormous gourmet kitchen with custom cabinetry and stainless steel appliances. The master suite is truly exceptional with a catwalk to a private office and customized closet. The surrounding grounds include extensive rolling lawns, a large pool and waterfall, an orchard, and outdoor entertaining area for guests. Additionally, the property has a single bedroom guesthouse, recreational annex/studio with sound booth and second story guest unit above, and a 3-stall barn with a bedroom and private ~~ bathroom.

Just like any other big baller celebrity, Lisa Marie owned the property next door (shown below) for her first husband, Danny Keough and their two children. This home was purchased at the same time as the first home mentioned above on December 15, 1993 for $625,000 and first listed on February 14, 2010 (same as above) for $2,999,000 which was eventually sold for $1.2 million on February 24, 2011 representing a gain of $575,000 before any associated costs.

Images courtesy Partners Trust

The second home measures 4 Beds/3 Baths on 2,842 sqft on a total lot size of 1.47 acres built in 1954. The listing description at that time stated:

Reduced and Motivated! A truly rare opportunity to acquire property in one of the most desirable areas in Hidden Hills. Bordering the famous Ahmanson Ranch and sprawling high above the neighboring estates, this property offers incredible views and privacy. The 4 bedroom and 3 bath ranch home is situated on approximately 1.5 manicured acres with endless possibilities to renovate or build a custom estate.

The former homes of Lisa Marie Presley in Hidden Hills, larger home is shown at the bottom with the Ahmanson Ranch to the left. Image courtesy Google Maps

While Lisa Marie was in the process of selling her Hidden Hills homes, she and Michael Lockwood moved to East Sussex, England and purchased the historic Coes Hall estate. Lisa Marie Presley has surely been missed in the SFV as we hope she one day returns. There arent too many celebrities with a history like Lisa Marie Presley. 

And here is a bonus for all of the SFV die hard fans and those creepy like me who like to know every real estate detail of the rich and famous. According to celebrity location favorite site, Movielanddirectory.com, Lisa Marie Presley possibly lived at 18531 Wells Drive Tarzana, CA in the early 90's. That home measures 3 Beds/3 Baths on 2,806 sqft built in 1961. I tried to verify this location but no luck so take it with a grain of salt.

Additionally for the Michael Jackson die hard fans, Lisa Marie Presley rented a Canoga Park home prior to purchasing the Hidden Hills home mentioned above which was the location where MJ could first reach Lisa Marie Presley. According to the book, The Magic, The Madness, The Whole Story: Michael Jackson 1958 - 2009 by J. Randy Taraborrelli:

Michael decided to calm himself by calling the one person who could somehow help him forget that his career hung in the balance: Lisa. She had certainly been persistent in her pursuit of him. She left telephone numbers for a house she was renting in Canoga Park, California. She also left the number of the new three acre estate which had just purchased and was getting ready to occupy on Long Valley Road in Hidden Hills. Then, just to be sure, she left the number where she could be reached in Clearwater, Florida, where she was planning to spend time at the Scientology retreat. She even sent him party balloons with messages attached. Somehow, she could always put a smile back on his face, even if it was just her raspy voice proclaiming, “Oh, fuck them!” He found her in Canoga Park.

Unfortunately, I wasnt able to confirm this location especially since public records dont exist for rentals. Its possible that this home was located more in West Hills than Canoga Park because this was right around the time that West Hills separated from Canoga Park. I would love to find the location of that Canoga Park (or West Hills) rental but I doubt anyone has this info and Lisa Marie Presley probably forgot about this location if she was willing to divulge. 

Other celebrities with recent real estate transactions or listings in Hidden Hills include the following:

1. Ozzy and Sharon Osbourne (music/reality) who just sold their mansion to Jessica Simpson for $11.5 million in March 2013.
2. LeAnn Rimes and Eddie Cibrian who purchased a $3 million short sale in December 2012.
3. Tamar Braxton and Vincent Herbert who purchased a Hidden Hills mansion designed by Ron Firestone on September 8, 2011 for either $3.4 million or $6.9 million who heaved it back on the market for barely one year later on October 11, 2012 for $7,595,000 and havent budged ever since. 
4. Billy Blanks (Tae Bo) who recently sold his mansion for $7.3 million. 
5. Ron Tutor (Construction) who previously leased to Britney Spears and is currently available for less than $10 million.
6. Beau Bridges (actor) who is trying to sell for under $3 million.
7. Drake (music) who recently purchased for $7.7 million.
8. Taylor Hawkin's (Foo Fighters music) purchase of a former Howie Mandel mansion for $2.7 million.
9. Morris Chestnut's short sale for $2.3 million.
10. Dwayne "The Rock" Johnson's (wrestling/acting) who recently sold for $4 million. 
11. Also, the Kardashians/Jenners live in this area. 

You can view more SFV Celebrity Real Estate here. 

Celebrity Real Estate: Jessica Simpson and Retired NFL Star Eric Johnson Purchase Hidden Hills Home from Ozzy and Sharon Osbourne

According to US Weekly magazine, Jessica Simpson and retired NFL star Eric Johnson have purchased the Hidden Hills home that was previously owned by Ozzy and Sharon Osbourne for 11,500,000 on March 12, 2013 which is $888,500 less than the original purchase price of $12,388,500 back on August 3, 2007 by the Osbournes.  

The Osbourne's originally listed the home for $12,999,000 back on June 30, 2011 which translated into a massive $1,499,000 reduction to the sold price. This home sold in over two years time which at one point included a lease option. To further confirm said purchase, the name listed on the property records is Jessica Simpson's business manager, David Levin. Additionally, this home is already being remodeled by Simpson who is converting the walk-in closet into a nursery for Simpson's second child. Also, there is rumor that the home may be the location of her wedding to retired NFL star Eric Johnson.

Jessica Simpson and the Simpson family are no strangers to the SFV as the list shows below:

1. Jessica Simpson and Nick Lachey when they were married lived at 24944 Lorena Drive in Calabasas from 2002 to 2006 which was sold to Justin Berfield. This home was the location for their reality show, Newlyweds: Nick and Jessica. On a separate note, the reality show was originally intended for Michael Jackson and Lisa Marie Presley who both had spent time in the Valley (Wikipedia). 
2. Ashlee Simpson lived at 16187 Royal Oak Road in Encino which overlooks her parents home. She lived here from 2005 to 2006 selling the home for a $1 million gain back in the bubble days. 
3. Ashlee Simpson married rocker Pete Wentz in Ashlee's parents Encino home in 2008.
4. Nick Lachey's brother, Drew lived at 201314 Ruston Road in Woodland Hills from 2005 to 2009. 
5. Nick Lachey and Vanessa Minnillo purchased in Encino on August 11, 2011 shortly after their marriage. 
6. Pete Wentz who divorced Ashlee Simpson in 2011 purchased a Studio City home on April 13, 2012.
7. Joe and Tina Simpson who are in the process of getting divorced have listed their Encino home for $4,395,000 on October 2, 2012. 

You can view more SFV Celebrity Real Estate here.