Hollywood Hills simply noticed its priciest dwelling sale ever. Within the Hen Streets, a property as soon as owned by Ronald Reagan has traded arms for $70 million — by far probably the most ever paid for a house within the neighborhood.
The client is Fanatics Chief Government Michael Rubin, based on a supply acquainted with the deal who requested to not be recognized as a result of they aren’t licensed to talk publicly. Fanatics is a sports activities e-commerce firm valued at $27 billion, and Forbes places Rubin’s web value at $10.2 billion.
Data present the vendor is a restricted legal responsibility firm tied to Francesco Aquilini, a Canadian businessman and developer who serves as chairman of the Vancouver Canucks NHL crew. Aquilini has been on a sizzling streak in Hollywood Hills over the previous couple of years; he set the neighborhood’s earlier worth report in 2020 when he offered a spec mansion to Jeffrey Gou, movie producer and inheritor to the Foxconn fortune, for $42.5 million.
Earlier listings reveal the property was as soon as dwelling to Ronald Reagan and his first spouse, actress Jane Wyman. Pictures are scarce for the reason that home was by no means formally listed on the market, however aerial pictures present that the house underwent a big transform lately.
The rationale for the record-setting worth is the property’s uncommon location. Spanning three-quarters of an acre, it’s perched on the sting of a knoll simply above the Sundown Strip with just about nothing obstructing its view of the town.
Data present it holds seven bedrooms and 12 loos throughout three tales. When the home final traded arms for $8.5 million in 2012, it featured a movie show, library, wine cellar, tennis court docket and Balinese-inspired swimming pool.
The $70-million deal redefines the highest of the market in Hollywood Hills, which all the time noticed high-profile offers however by no means fairly reached the blockbuster ranges of neighbors reminiscent of Beverly Hills or Bel-Air.
It ranks as Southern California’s third-priciest sale up to now this yr. The highest spot belongs to The One, a 105,000-square-foot mega-mansion that was auctioned off for $141 million, adopted by Robbie Williams’ compound in Beverly Crest, which Drake purchased for $75 million.
Branden and Rayni Williams of the Beverly Hills Estates held the itemizing. Kurt Rappaport of Westside Property Company represented Rubin. None could possibly be reached for remark.