Fleur de Lys mansion sells for $102 million

The 4.6-acre estate reportedly is the most expensive home ever to sell in Los Angeles County.

By MSN Real Estate partner Apr 1, 2014 10:46AM

Microsoft Corp.By Erin Carlyle, Forbes

 

The 50,000-square-foot estate known as Fleur de Lys has sold for $102 million, making it the most expensive home ever sold in Los Angeles County. Although the buyer's name is not on the deed, tax bills for the property will be mailed to a law firm at the same address as the Milken Institute, founded by billionaire and junk-bond king Michael Milken, according to the Los Angeles Times, which first reported the sale Monday afternoon.

 

Geoffrey Moore, a senior adviser at the Office of Michael Milken, tells Forbes that "neither Mike Milken nor the Milken Institute is the purchaser." The Times is now reporting that the tax deed goes to a law office at the same address as the Milken Institute.

 

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The massive French-style estate in the Holmby Hills neighborhood, which together with Beverly Hills and Bel Air form Los Angeles' Platinum Triangle, was first listed at $125 million in 2007, after David I. and Suzanne Saperstein completed renovations of the behemoth place. After the renovations the couple divorced and Suzanne Saperstein put the home on the market. Since, it has been off and on the market, agent Kurt Rappaport, of Westside Estate Agency says.

 

"The sale did close," says Rappaport, who has had the listing for just three months.

Rappaport would not confirm the identity of the buyer or how many people bid, but he did acknowledge that multiple were interested in the property. According to the Times, Saperstein finally sold the home in a bidding war involving three bidders, with the winning buyer closing in 10 days in an all-cash deal that includes the home’s antique furniture.


 

Rumors about the buyer and the price have been swirling for a couple months now. Initially, the buyer was believed to be a French billionaire. Although the sale is a record for Los Angeles County, it is still less than the $117.5 million paid by Softbank billionaire Masayoshi Son for a Woodside estate in November 2012.

The home was modeled after Vaux-le-Vicomte, a castle outside of Paris and is situated on 4.6 acres of grounds. It features 12 bedrooms and 15 bathrooms, a 3,000-square-foot wine cellar, a ballroom with space for 300 guests and, of course, tennis courts.

 

More from Forbes


 

 

Tags: celebrity
 
49Comments
Apr 1, 2014 8:43PM
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 Shhhh dont drool it's a ultra rich democrat so relax.
Apr 1, 2014 6:29PM
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Probably the guy that just came forward with the $425 million dollar winning PowerBall lottery ticket. 
Apr 1, 2014 6:02PM
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never even thought about place's costing that much !!! wish someone could just help me out with a home !!! never  owned any property in my life !!! 
Apr 1, 2014 3:45PM
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Then he said to them, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.”  This is how it will be with whoever stores up things for themselves but is not rich toward God
Apr 1, 2014 3:21PM
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Well,  when the rich don't pay their fare share in taxes they can afford homes/mansions like this...too bad republicans who vote republican "can't" afford them as well, not even close...most republican voters live in trailers...LOL  Especially those living in the south. 
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I'd love to be one of the 300 guests for their first party in that ballroom! All cash bid, nice.
Apr 1, 2014 2:41PM
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former America...land of opportunity to build wealth....current state American...land of redistributed wealth (****ing meek have inherited 1600 PA avenue...for now)
Apr 1, 2014 2:39PM
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Obviously some of the negative comments come from jealous people.  If they can afford it, why not?  Most of these wealthy people donate hundreds of millions to charity and we seldom hear about that.


Apr 1, 2014 1:49PM
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Just like the robber barons of the 1890's and 1910's.  I've got mine and fu*k you.
Apr 1, 2014 1:45PM
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Wow,  And I was gonna bid on it, LOL ;-)
Apr 1, 2014 1:43PM
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The nicer the nice, the higher the price.
Apr 1, 2014 11:31AM
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Who but an a'hole could even THINK of living in a place like that? Obviously they never cleaned a bathroom in their life!

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