Friday, July 8, 2011

Friday Quickies: Klum and Seal Sell



SELLERS: Heidi Klum and Seal
BUYER: Frank Guistra
LOCATION: Beverly Hills, CA
PRICE: $7,000,000
SIZE: 6,794 square feet, 6 bedrooms, 9.5 bathrooms

YOUR MAMAS NOTES: It didn't take lucky lucky lucky Heidi Klum and Seal very long to unload their Beverly Hills, CA mansion, though they did sell it at a significant loss.

Property records show the supermodel/entertainment mogul and the soulful singer bought the privately situated 6,794 square foot house on 2.49 acres in late 2005 for $7,600,000. They listed the 6 bedroom and 10 bathroom mansion–described in listing information as a Loire Valley Chateau–in mid-May 2011 with an asking price of $6,900,000. Within two weeks, the house was in escrow and three weeks after that the deal was done for $7,000,000. Yes, puppies, that's a hundred grand more than the asking price but it's also a substantial $600,000 less they they paid for the posh property not counting carrying costs, renovations and/or the fat real estate fees.

The buyer, according to the property records Your Mama peeped, is Canadian investment banker, mining magnate, entertainment executive and left-leaning philanthropist Frank Giustra. Although he's sold much of his stake in the company, Mister Giustra is perhaps best known to Tinseltown types as the founder of the independent film production and distribution company Lions Gate Entertainment. He's also a well-known crony of former U.S. president Bill Clinton. They are, in fact, thick as thieves: Mister Giustra has on several occasions lent his private plane and accompanied President Clinton on various international trips, some of which proved extraordinarily lucrative to the Canadian.

Mister Giustra's home base is in West Vancouver (British Columbia, Canada) where he owns a deluxe waterfront estate on the Burrard Inlet.

As for Miz Klum and Mister Seal, they've decamped for an 8.5(ish) acre estate with a 12,300 square foot Mediterranean mansion in the Brentwood Country Estates, the same small and swank gated enclave tucked into the hills above Brentwood where some of the other home owners include supermodel Gisele B√ľndchen and pro pigskinner Tom Brady, philandering former California governor Arnold Schwarzenegger, Band-Aid heiress Libet Johnson (who we hear through the real estate grapevine leases out her house), and Sheikh Hamad bin Jassim bin Jaber bin Muhammad Al Thani, the current prime minister of Qatar. Property records show they paid $14,200,000 for their new digs back in December 2010.

listing photos: Coldwell Banker Previews International / Beverly Hills South

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