Seems like most Bel Air properties available for purchase these days are of the ultra-contemporary architectural variety, but there are still a handful of old-school classics, too. Though it’s not publicly listed for sale, mega-loaded Idol franchise creator Simon Fuller has quietly engaged one of LA’s most successful realtors to discreetly shop around his historic Bel Air spread as an off-market pocket listing.
The asking price? A very serious (and aggressive) $37,500,000.
Originally designed by legendary architect Gordon Kaufmann — he’s also responsible for the Greystone Mansion in Beverly Hills — the so-called Fredericks Residence was built in 1928 and has changed hands many times over the ensuing decades. Although it has likewise undergone multiple renovations, the home’s grand ol’ bones remain mostly the same as nearly 100 years ago.
In the 1990s, the hilltop property came to be owned by fashion designer Mossimo Giannulli and his wife, Full House actress Lori Loughlin. The couple had the home’s interiors done up by acclaimed designer Michael S. Smith before selling the place (in 2001) to elderly billionaire David Murdock.
Though our Mr. Murdock is still alive and kickin’ at 95 years old, he elected to downsize in 2014 by selling his big Bel Air spread to Mr. Fuller for the princely sum of $24,000,000.
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American Idol creator Simon Fuller seeks $37.5 million in Bel Air