Fashion Tycoon Serge Azria Buys Historic Bel Air House – Variety
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Trend Tycoon Serge Azria Buys Historic Bel Air Home – Selection

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After it first popped up on the market earlier this 12 months, so-called “Microsoft Millionaire” Chris Peters has managed to unload his historic Bel Air property for about $16.45 million. That’s a hefty amount of cash by any customary, in fact, nevertheless it additionally represents a slight loss for Peters, who had paid a sky-high $16.5 million for the property a full 15 years in the past, again in summer time 2005.

Initially constructed within the 1920s and co-designed by prolific and honored architects John Byers and Wallace Neff, the low-slung Spanish hacienda-style compound spans greater than 8,000 sq. toes and has had its share of notable householders. Within the 1970s and ’80s, the property was owned by colourful Hollywood filmmaker Peter Bogdanovich, who had a recurring position on “The Sopranos,” along with writing and directing “The Final Image Present.” In response to Tinseltown lore, Bogdanovich’s longtime good friend Orson Welles was a frequent houseguest within the Bel Air dwelling.

In 2002, the home was bought to actor/actual property buff Diane Keaton, who subsequently employed designer Stephen Shadley. The pair reimagined the place for a extra up to date way of life, whereas staying true to Byers and Neff’s unique architectural intent. The end result, a decidedly trendy and sometimes Keaton affair, was photographed for a 2005 situation of Architectural Digest, and the property was thereafter nearly instantly bought to Peters and his longtime spouse June.

As we speak, the house’s interiors seem remarkably unchanged from its 2005 AD photoshoot, save for some minor decor alterations. Walled and gated for safety, the one-acre property provides a motorcourt hewn from decomposed granite, plus a bountiful array of Mediterranean-esque flowers, hedges and olive bushes that evoke the Italian Riviera.

California Mission-style block partitions encompass the sprawling construction, which homes luxe facilities like maid’s quarters, a movie show and an open cook dinner’s kitchen with an island slathered in colourful tile. There’s additionally a bonus room that would simply be transformed right into a health club, plus a library and a chic grasp retreat sporting views of the gardens.

Out again there’s a grassy garden, dark-bottomed swimming pool lined with classic tile, and a lined cabana with loads of house for alfresco entertaining and an outside hearth.

The house’s new proprietor is Malibu-based style mogul Serge Azria, the person behind labels like Joie and Tools, and a longtime fan of pedigreed L.A. actual property. Earlier this 12 months, he bought one other Bel Air property for $24 million to his buddies Jens and Emma Grede; that home was constructed by Paul R. Williams, carried out up by the late Sandy Gallin and was as soon as owned by Tinseltown star Jane Wyatt.

Azria’s essential residence, nevertheless, is a freshly rebuilt blufftop compound out on Malibu’s Paradise Cove. Bought for $41 million in 2013 and since renovated from the studs up, that multi-acre property is probably going price a lot nearer to $100 million right this moment.

Josh Flagg at Rodeo Realty held the itemizing; Kurt Rappaport of Westside Property Company repped Azria.