An 11,818-square-foot mansion in Los Angeles' Bel-Air enclave that once was owned by St. Louis Rams owner Georgia Frontiere and that had been on the market recently for $29,975,000 has sold for an undisclosed amount.
The Los Angeles Times' Ruth Ryon tomorrow will break the story of the sale of the mansion at 10410 Bellagio Road in Bel-Air, which Frontiere had owned until selling it in 2005 for $8,375,000. We first broke the story on October 9 of the property's owner listing the mansion for $29,975,000.
Now, public records show that a New York company called Bellagio Road California LLC bought the property on November 13, with the deal being recorded on December 14. The entity behind Bellagio Road California LLC, remains unclear; public records show only that the company is connected to New York City-based Blackstone Real Estate Advisors. In her column tomorrow, Ryon will erroneously identify Frontiere as the seller of the mansion; in truth, as we noted above and as we noted on October 9, the mansion was sold by Frontiere to Bellagio Road Associates LLC, a real estate investment company headed by a man named Greg Kozak, in 2005 for $8,375,000.
Ryon's scoop about the sale of the former Frontiere mansion sale was part of her annual round-up of high-priced L.A.-area sales. She also reported in her column that Madonna's onetime, 6,458-square-foot Spanish-style home at 1015 N. Roxbury Drive in Beverly Hills, Calif., whose listing for $17,495,000 we wrote about on September 17, recently "closed at almost $17 million." We don't doubt Ryon's reporting that that Roxbury Drive house sold, but the public records databases that we have access to don't yet show that sale.
In addition to the error involving Frontiere's ownership (or lack thereof!) of the Bel-Air estate, Ryon's round-up also contains several more substantial inaccuracies. For instance, she reports that in 2007, Tom Cruise "bought in Beverly Hills at about $35 million"; in actuality, as we exclusively reported on July 27, public records show that Cruise's Fornow Trust paid $30,500,000 for his mansion at 1111 Calle Vista Drive in Beverly Hills. Ryon also reports that Courteney Cox and David Arquette sold in Malibu, Calif. "at nearly $33.5 million"; in actuality, as we exclusively reported on October 11, public records show that the couple's Bring It Trust reaped $27,250,000 for selling their oceanfront property at 22426 Pacific Coast Highway in Malibu.
One other item of note from Ryon's column: she reports that everyone's favorite buyer and seller, actor Nicolas Cage, earlier this month pulled his 11,817-square-foot mansion at 363 Copa de Oro Road in Los Angeles' Bel-Air area from the market after having had it up for sale for $35 million.