- 🏡 Brad Pitt sold his 2-acre compound in the Los Feliz neighborhood for $33 million.
- 🤫 The property was “whisper listed” for $40 million earlier this year.
- 🏢 The buyer is a limited liability company linked to heiress Aileen Getty.
- 🕒 The deal closed just before a new Los Angeles mansion tax went into effect.
- 📜 Property records show Brad Pitt bought the main house in 1994 for $1.7 million.
- 🛏️ The main 6,700-square-foot house has seven bedrooms and seven bathrooms.
- 🏞️ The property includes two swimming pools, a tennis court, and lush gardens.
- 👪 Brad Pitt and Angelina Jolie raised their six children at the compound before their 2016 split.
- 🏠 Last year, Brad Pitt bought a century-old home in Carmel Highlands for $40 million.
Brad Pitt has proven time and again that he is not only an acclaimed actor but also a shrewd real estate investor. The recent sale of his Los Feliz compound for $33 million adds another chapter to his impressive property portfolio. In this blog post, we’ll dive into the details of this significant sale, the luxurious features of the property, and the implications of the Los Angeles mansion tax that preceded the transaction.
Brad Pitt’s Los Feliz Compound: An Overview
Los Feliz, a picturesque neighborhood in Los Angeles, has been home to numerous celebrities over the years, and Brad Pitt was no exception. His 2-acre compound in this affluent area recently sold for $33 million through an off-market deal, capturing attention across the real estate industry.
The Details of the Sale
Whisper Listing and Final Price
- Original Whisper Listing: Earlier this year, the property was “whisper listed” for $40 million. A whisper listing is a marketing strategy where a property is showcased to an exclusive group of potential buyers rather than listed publicly.
- Final Sale Price: The property eventually sold for $33 million, a significant drop from the original asking price but still a lucrative deal for Pitt.
Timing and Mansion Tax
- Closing Just in Time: The deal closed just days before Los Angeles’s new mansion tax, which adds an additional 4% on property sales valued above $5 million. This strategic timing likely saved the buyer a substantial amount of money.
Luxury Features of the Compound
The Main House
- Size and Style: The primary residence, known as Briarcliff Manor, is a sprawling 6,700-square-foot shingle-style house purchased by Pitt in 1994 for $1.7 million.
- Bedrooms and Bathrooms: The house boasts seven bedrooms and seven bathrooms, offering ample space for family and guests.
Additional Structures and Amenities
- Residential Structures: Beyond the main house, the property includes several other residential structures, enhancing its value and usability.
- Recreational Features: Two swimming pools and a tennis court provide luxurious recreation options.
- Lush Gardens: The property is surrounded by meticulously maintained gardens, offering a serene and private environment.
Historical Note
- Family Home: Brad Pitt and his ex-wife, Angelina Jolie, raised their six children here before their split in 2016. This makes the property not only luxurious but also rich in personal history.
The Buyer: Aileen Getty’s Connection
- Limited Liability Company: The buyer of Pitt’s compound is a limited liability company linked to Aileen Getty, an heiress and philanthropist.
- Family Background: Aileen Getty is the granddaughter of oil magnate J. Paul Getty and the president of her namesake foundation. Her involvement in high-profile real estate transactions is well-documented.
Brad Pitt’s Real Estate Strategy
New Acquisitions
- Carmel Highlands Purchase: Demonstrating his continued interest in prime real estate, Brad Pitt purchased a century-old home in Carmel Highlands for $40 million last year. This property, located along California’s central coast, adds another gem to his portfolio.
Real Estate Savvy
Pitt’s successful sale of the Los Feliz compound and his selective acquisitions highlight his acumen in the real estate market. By buying properties with potential and selling them at strategic times, he maximizes his investments’ profitability.
Conclusion
Brad Pitt’s sale of his Los Feliz compound for $33 million is more than just a significant real estate transaction; it reflects the strategic, well-considered decisions that define his approach to property investment. From the luxurious features of the estate to the savvy timing of the sale, Pitt’s actions offer valuable insights into high-stakes real estate deals.
