Billionaire Howard Marks Sells Mansion for Almost $30M

January 25, 2023


Oaktree Capital's Howard Marks and 219 South Mapleton Drive in Holmby Hills (Getty, Oaktree Capital, Hilton & Hyland)
Oaktree Capital’s Howard Marks and 219 South Mapleton Drive in Holmby Hills (Getty, Oaktree Capital, Hilton & Hyland)

Billionaire Oaktree Capital co-founder Howard Marks has left Mapleton Drive in Holmby Hills, the same street where the sprawling Playboy Mansion is located.

Marks, estimated by Forbes to have a net worth of $2.2 billion, sold 219 South Mapleton Drive for almost $30 million. The sale of the 11,500-square-foot mansion pencils out to $2,913 per square foot, and was recorded on Jan. 12, according to the Realtor.com listing site. The buyer was a group called Ballabustin LLC.

Marks had purchased the mansion in 2020 for $26 million, or $2,280 per square foot. Kristen Tutor of Douglas Elliman represented a seller in this listing’s 2020 deal, according to a Los Angeles Times article. No information was available about agents involved with the recent deal.

Kristin Tutor, sister of actress and real estate agent Tracy Tutor, was a former owner of the nine-bedroom, nine-bathroom house at 219 South Mapleton, which was originally built in 1937. Kristin Tutor redesigned the mansion and had initially listed it for around $39 million in January 2020. The grounds of the mansion include a two-bedroom guesthouse, a two-bedroom studio, a swimming pool and a spa.

Marks’ former Holmby Hills digs had some pricey neighbors. One was 133 South Mapleton Drive, a nine-bedroom, 12-bathroom mansion which is currently listed for $65 million. Eva Chow and ex-husband Michael Chow, who founded the Mister Chow restaurant chain, designed their Holmby Hills mansion to look like the Reina Sofia museum in Spain. It has been listed at $65 million since 2020. It was initially listed for $78 million in 2018.

Another neighbor is 111 South Mapleton. Listed for $39 million, the home was designed by 20th-century architect Paul Williams.



Source link

logo
Prudential Cal strives to provide the most detailed information about the real estate industry. We assist people in making the best decisions possible by offering unique insights into the global real estate market and advice for both homebuyers and sellers.
Quicklinks
Additional Information
Copyright © 2023 Prudential Cal. All Rights Reserved.
DMCA.com Protection Status
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram