Friday, January 4, 2013

UPDATE: Kelsey Grammer

Did residuals rich sitcom star Kelsey Grammer catch a classic case of The Celebrity Real Estate Fickle? It sure seems so.

It was only seven or maybe eight months ago that the 57-year old and still procreating actor dropped $6,500,000 on a walled and gated 1926 Spanish Colonial Revival-style mini-mansion in an area of Beverly Hills often referred to as 'The Flats.'

Soon came a lot of brouhaha in the tabs and courts about how he wanted to lease the nearly 6,000 square foot house out at $30,000 per month and move his new fourth wife and infant baby back into a significantly larger and more grand mansion in the Holmby Hills 'hood that he still co-owns with third ex-wife Camille Grammer, best known as a semi-regular player on The Real Housewives of Beverly Hills. Not surprisingly, Third ex-Missus Grammer balked at the notion since the 10,567 square foot house is currently for sale with an asking price of $15,995,000 and she quite logically thought it might be tougher to sell if there are people living in it. We have to imagine Third ex-Missus Grammer might also have found it icky and upsetting that Mister Grammer would have the gumption to move his new fourth wife and child into a house she once shared with her ex-husband and their two children.

Anyhoo, not only is sitcom star Kelsey Grammer attempting to lease his newly acquired house in the flats of Beverly Hills, yesterday the property popped up for sale on the open market with an asking price of $7,250,000.

It doesn't take a mathematics savant to see that Mister Grammer has increased the price by $750,000 over the $6.5 million he paid for the place less than a year ago. It also doesn't take a decorative genius to see that Mister and fourth Missus Grammer either purchased the house fully furnished and changed little or that their Real Estate is recycling listing photos from the time of his purchase of the property.

Whatever the case, current listing information shows 6,093 square foot residence was designed by some fella named "Ralph C. Fleming" and includes five bedrooms and 6.5 bathrooms in the main house plus a potential staff suite plus a separate one bedroom and one bathroom guesthouse. The house was actually designed by noted California architect Ralph C. Flewelling and listing information from the time of Mister Grammer's spring 2012 purchase shows the house has a total of six bedrooms and 7.5 bathrooms. The more recent—and still active—lease listing shows the house spans just 5,683 square feet and has five bedrooms and six bathrooms. We're not sure why all the discrepancies but let's just suffice to to be somewhat vague about the details and say it's around 6,000 square feet with five or six bedrooms and 6-7.5 bathrooms.

Mister Grammer, who does not currently have a film or television gig nor anything lined up according to his resume on the Internet Movie Data Base, still maintains an expensive apartment residence in New York City and a nearly 200-acre country spread in upstate New York. He and third ex-Missus Grammer also still co-own an 8,000-plus square foot ski house in near Vail (CO) that's long been for sale and currently carries a $6,995,000 price tag. Third ex-Missus Grammer listed her current residence, a sprawling compound in the guard-gated Serra Retreat in Malibu, earlier this year at $17,900,000 but—as far as Your Mama can find—it no longer appears on the open market.

listing photos: Keller Williams Hollywood Hills

Thursday, January 3, 2013

Petra (Ecclestone) Stunt Sells Up in London, Too

SELLER: Petra Ecclestone
LOCATION: London (Chelsea), UK
PRICE: £32,000,000
SIZE: 7,995 square feet, 3-5 bedrooms, 5 full and 2 half bathrooms (plus a staff flat)

YOUR MAMAS NOTES: In case y'all didn't get your fluffy fill yesterday of the outlandishly spendy real estate ways of 28 year old Formula One racing heiress Tamara Ecclestone today Your Mama has a little ditty about her brassy blond, baby-bumped but still thin as a cat walker 24-year old baby sister Petra (Ecclestone) Stunt who also—as it turns out—has her starter house in London on the market. In Missus Stunts case, instead of a gated contemporary in Chelsea, it's a ritzy, white stucco townhouse mansion on gorgeous Eaton Square in London's super-posh Belgravia nabe that's on the open market with a £32,000,000 price tag. A few quick clickety-clacks on Your Mama's currency conversion contraption shows that's a bone rattling $52,116,500 (U.S.), at today's rates.

Missus Stunt acquired the home—most reports suggest it was paid for by her billionaire daddy Bernie—sometime in 2009 for an unknown sum of dough and shared it with her independently wealthy jet setter boyfriend turned husband James Stunt and a whole bunch of dogs. Mister and Missus Stunt were married in an extravagant ceremony in a 15th century lakeside castle outside Rome—the same one where Tom Cruise married his third ex-wife, Katie Holmes—that the tabs, blogs and gossip glossies say cost Momma and Daddy Ecclestone anywhere from £1.3 million to much as $18,750,000.

Current listing information and the floor plan show the 22-and-some foot wide townhouse spans 8 floors—six above ground, two below, measures 7,995 square feet and contains multiple reception rooms, three dedicated bedrooms plus two more potential bedrooms converted by Missus Stunt into dressing rooms. Your Mama counted five full and two half bathrooms, not including the tiny three-quarter number in the one-bedroom basement level staff flat.

The floor plan included with current marketing materials shows a rather svelte, bowling alley-like ground floor entrance hall that runs alongside the roomy formal dining room with built-in buffet, luscious chevron pattern wood floors, heavy duty moldings and a fireplace over which appears to hang a little something butterfly-ish by artist Damien Hirst. We can't say we care for the drippy chandelier that we're certain cost more than Your Mama earns in an entire year but—at the risk of sounding unforgivably rude—still looks to us a bit too much like a bunch of giant, bedazzled condoms.

The hall makes a slight hitch to the left to squeeze past the main staircase where it open to and continues past a snug central reception lobby/foyer nuzzled between the dining room and kitchen complex.

The corridor narrows as it pushed deeper into the house and passes a half bathroom and passenger elevator that services seven of the townhouse's eight floors. A half dozen steps (or so) steps descend into an airy and very contemporary center island eat-in kitchen with gleaming white marble tile floors, fixture-free milk chocolate-colored cabinetry and top grade integrated appliances. An extra wide (gas) fireplace surmounted by a huge flat screen t.v. anchors one side of the room and on the other a geometric staircase—with railings that resemble crutches—that climbs up to a roof terrace that's also accessible from the upstairs reception rooms.

The casual dining area, lit by a gigantic, jellyfish-like chandelier, spills out though a trio of tall and slender French doors to a narrow but wide balcony that—we imagine—peers our over the mews that runs behind the houses on Eaton Square and provides access to the double garage downstairs.

One floor up—the first floor for for Brits, the second for Americans—a spacious but still manageable, two-room reception suite spans the full 22-plus foot width of the townhouse. Combined the two rooms stretch more than 36 feet front to back where French doors connect to a 200-plus square foot terrace equipped with high parapets and planted with privet hedges for maintaining a modicum of privacy in the middle of the city.

The architecture in the main living and dining areas remains unreservedly grand and retains—or at least mimics—the exact sort of period detail that Your Mama might expect to find in an august townhouse of this era in London. There are polished wood floors, high ceilings with elaborate plaster moldings, three street-facing windows that stretch divinely from floor-to-ceiling and, finally, a fireplace surrounded by a glorious carved mantelpiece and mirror.

Three deep sofas in the gunmetal gray-walled living room girdle a book- and tchotchke-laden coffee table and are all three buried a cacophony of neutral colored but variously-textured pillows. We spy at least one fur lap blanket that is likely to be fake if Missus Stunt's PETA-supporting and foie gras-hating sister had anything to say about it. Real or faux fur throw blankets aside, the snazzy but essentially casual room is unquestionably dominated by a controversial, circa-1970 Terry O'Neill photograph of American bombshell Raquel Welch wearing a her famous chamois bikini from One Million Years B.C. while sexily lashed to a wooden cross. In some other average rich person's house Your Mama would guess the O'Neill photograph would be a expensive reproduction. But, somehow, we imagine Missus Stunt's O'Neill is the real damn deal.

Anyhoo, Missus Stunt's master suite spans the full width of the townhouse and occupies the entire third and fourth floors. The lower portion contains the street-side bedroom with fireplace, a fitted walk-in closet and additional cupboards an da large but hardly egregiously sized bathroom that opens to a small private balcony. The upper portion of the master suite—originally two bedrooms with private facilities and only inconveniently accessible by the main public stair—was custom converted by Missus Stunt into a pair of sleek and jam-packed dressing rooms, each of which have direct access to a small private bathroom. In an early 2011 article in the Daily Mail—an article that includes a picture of the heavily maquillaged lady-girl of the house languidly lounging in her living room in front of the aforementioned O'Neill photo—Missus Stunt remarked that one dressing room is for her "casual wardrobe" and the other her "evening wear." That, children, is a perfect example of how an arguably overindulged, modern day heiress with access to unlimited funds rolls.

Each of the two guest/family bedrooms on the fifth floor have private attached bathrooms. A tight staircase curls up to a small attic space under the eaves on the sixth floor that is marked on the floor plan as a "Storage Room." We don't know what exactly Missus Stunt stores here but Your Mama would bet both our long-bodied bitches, Linda and Beverly, that whatever it is has a designer label and/or was luridly expensive.

The decked terrace off the second floor reception room(s)—the one that's also accessible from a staircase in the kitchen—has a couple of portable heaters for taking the edge off London's notorious damp. A large square glass panel in the deck sky light for a light well/atrium that drops through the kitchen and down into the basement where it allows Miz Stunt's personal fitness room a little bit of natural light. In addition to the gym, the basement also includes a half bathroom, a two-car attached garage with direct entry, a wet bar/kitchenette and a staff flat with living room, kitchen, bedroom, bathroom and a semi-private outdoor space with direct access to the street.


A sub-basement, conveniently accessible by stairs and elevator, contains a room for the home's mechanical systems and laundry equipment as well as cinema/media room with built in snack bar and shelving, upholstered walls, mood lighting and deep sectional sofas.
 
As Your Mama and every other property gossip around the globe have discussed the recent real estate activities of (Mister and) Missus Stunt ad nauseam over the last couple years we'll suffice to say that the expecting couple frequently reside in the Holmby Hills area of Los Angeles where in the summer of 2011 she paid $85,000,000 for Showbiz widow Candy Spelling's immense, 123-room pile known as The Manor. The Stunts had the place worked over in short order by L.A.-based designer-builder Gavin Brodin who also oversees the overhaul of sister Tamara's 70-or so million dollar mega-mansion on London's leafy, guard gated and brutally expensive Kensington Palace Gardens.

The previous year, in late 2010, Missus Stunt—most likely with a huge financial leg up by one or another of her expensively divorced parents—shelled out an ear piercing $90-100,000,000 on what's known as Sloane House, an historic Grade II listed mansion (and adjoining lodge) in London's hoity-toity Chelsea 'hood. Missus Stunt has since gutted—and we mean gutted*—Sloane House and proceeded with a custom refurbishment that Your Mama unscientifically guesstimates could easily cost her and her Mister a right proper ten or more million pounds.

Have a look see at the photos and floor plans here, while they're still online because they're really quite a doozy.

*Your Mama thanks a kind commenter for sending through the link for the developer-builder of Missus Stunt's new home in Chelsea. To see just how far down to the stud Sloane House was taken, click through to the developments page and scurry around in there until you find the photos marked at "Sloane House."  

Wednesday, January 2, 2013

Did Ken Griffin Spend $130 million in Palm Beach?

The real estate scuttlebutt on the palm tree-lined streets in more moneyed codes of south Florida is tha married Chicago-based hedge fund managers Ken Griffin and Anne Dias-Griffin may have coughed up a teeth chattering $130,000,000 for four contiguous properties in Palm Beach situated just south of Donald Trump's flamboyantly opulent Mar-a-Lago and the über-elite—and high-WASP—Bath & Tennis Club. The four deal(s) went down quietly, simultaneously and off-market, according to the Palm Beach Daily News, and were recorded by the Palm Beach County Clerk in the last few days of December.*

The four properties—two of which were bought from the same seller—were purchased by a pair of Delaware-based limited liability companies. The children should note that only one the LLCs can be tangentially connected through an Miami Beach condominium linked to Mister Griffin's Citadel Investment Group in Chicago.

With a current net worth recently estimated by the folks at Forbes to be in excess of three billion bucks—that's down from a high of $3.7 billion in 2008 but way back up from the $2.3 billion it had fallen to in 2011—Mister Griffin and Missus Dias-Griffin can easily afford to shell out $130 million all at once for a quartet of luxury homes on one of Palm Beach's most desirable stretches of sand. But that does not mean they did. What that means, hunny bunnies, is that—for now—this fascinatin' potentiality that Mister Griffin and Missus Dias-Griffin might be the buyers of all four properties is little more than a juicy bit of high brow real estate rumor and gossip. Let's proceed unarmed with any confirmation of Mister Griffin's alleged possible purchase in Palm Beach anyways, shall we?

Two of the properties—one ocean front and the other landlocked to the adjoining west—were sold by trusts connected to a lady named Mary Bolton, a Palm Beach grande dame whose grandfather built one of the first ocean front properties in Palm Beach. Miz Bolton's pair of properties were bought by the same oddly named Black Calabash Family Holdings LLC . The landlocked parcel—1.65 acres with an award winning 4,376 square foot Old Florida-style residence designed by Miz Bolton's architect son and built in 1989 with 5 bedrooms and 4 bathrooms—went for $14,300,000 according to the Palm Beach Daily News. The neighboring ocean front spread spans 1.98 ocean front acres with an approximately 10,000 square foot Mediterranean-style mansion built in 1989 with 5 bedrooms and six bathrooms. It went for $35,700,000.

The two adjoining ocean front properties stacked directly to the north of the two sold by Miz Bolton were sold in separate transactions by two different sellers. Both were purchased, again according to the Palm Beach Daily News, by PBH LLC., the mysterious above mentioned corporate entity that is somewhat circuitously "linked in public records to Citadel Investments Group" via a condo in Miami Beach.

The 2.21 acre northernmost parcel, with its 14,354 square foot mansion, was bought from businessman Walter McPhail and his wife Mary Anne and went for $37,950,000. Interestingly the most expensive of the four transactions was the $41,650,000 spent by PBH LLC to acquire a 2.04 acre currently vacant parcel between the Bolton and McPhail properties. The as yet unidentified  sellers did very well on the sale as they had only acquired the beach front property in May 2011 for $29,150,000 after which they knocked down the then-existing house down. That's an impressive $12,500,000 profit, less carrying costs, demolition expenses and real estate fees.

Altogether the four parcels total 7.88 acres and currently contain three substantial houses and three swimming pools. But again, Your Mama must street, children, that the various transactions and LLCs may or may not have anything to do with Mister Griffin.

Whether or not they're the actual buyers of all or any of the four Palm Beach parcels Mister and Missus Griffin none-the-less maintain an impressive portfolio of private residences in Chicago, New York City and the big island of Hawaii.

New York City property watchers may recall that it was Mister and Missus Griffin who, in December 2009, paid wildly wealthy banking widow and international society fixture Lily Safra $40,000,000 for her full-floor penthouse level spread at 820 Fifth Avenue. Those children may also recall that Miz Safra's team of movers didn't have to pack up and haul her precious collectibles very far since she'd paid house builder Ara Hovnanian and his artist wife Rachel Hovnanian $33,000,000 for their seriously sophisticated and almost all white Piet Boon-designed digs on the fourth floor.

In 2009 various property gossips in the business media revealed the hedge fund fat cats coughed up $11,380,000 for a four acre vacant parcel at the Four Seasons Hualalai in Hawaii and in early 2011 they coughed up almost $17,000,000 more for a 5,600 square foot Balinese style house that sits right on the ocean.

In August 2000 Chicago-based Mister Griffin spent $6,900,000 on a penthouse level apartment in a mixed-use skyscraper on Chicago's Miracle Mile. Just a few months ago it was revealed by the Chicago Tribune's real estate chronicler Bob Goldsborough that Mister and Missus Griffin bought the 7,900 square foot full floor unit directly below for a record breaking $15,000,000. Of course, Your Mama don't know an apple from a barbecue pit but we'd bet both our long-bodied bitches, Linda and Beverly, they plan to spend millions more combining their pair of Michigan Avenue aeries.

*Your Mama has zero reason to quibble with or dispute the accuracy of the details in the Palm Beach Daily News report but—for the record—as of today none of the several online databases Your Mama checked, including the Palm Beach County Property Appraiser, reflect a transfer of ownership of any of the four properties.