Former Bostonians…Frank and Jamie McCourt moved to L.A. when they bought the L.A. Dodgers baseball franchise in 2004 for a $430 million.* The now bitterly divorced former couple settled into a 2.6 acre estate in the Holmby Hills area that they bought $21,500,000 from Grammy-winning R&B musician Babyface Edmonds. Court documents related to the McCourts’ much publicized and scrutinized divorce indicate that they spent another $14,000,000 on upgrades, renovations and expansions.**


Back in the spring of 2012, shortly after the couple’s divorce was finalized, Your Mama heard word from Platinum Triangle real estate insider Heidi N. Holmbyhills that ex-Missus McCourt—granted sole ownership of the Holmby Hills estate in her divorce—quietly floated the fancy, fortified property as a whisper listing with an (unconfirmed) asking price of $65 million. More than two years later, with no off-market takers, ex-Missus McCourt opted this week to push the palatial property on the open market with a much lower but still sky-highofficial asking price of $55,000,000.

The compound, across the street from the Playboy Mansion behind thick and towering hedges, comprises of a 20,637 square foot main house—described as a “Contemporary European Villa” in listing details—as well as two additional structures that contain guest quarters, a staff apartment and a pool house.

 

Read More at http://realestalker.blogspot.mx/2014/03/midweek-mash-up-mccourts.html?m=1

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