Hearst-Davies Estate in Beverly Hills Listed at $125 Million

Built in 1927, Beverly House features 18 bedrooms, 25 bathrooms, 12 fireplaces, two swimming pools, exquisite formal water gardens and six separate structures.

Photo credit: The Agency       Source: www.theagencyre.com

BEVERLY HILLS, CA -- As Southern California’s ultra-luxury housing market has gone bananas this year, mega-mansions that have been sitting on the fence for the last few years are again selling for unfathomable amounts - making it a good time to list the historic Beverly House.

William Randolph Hearst

As the former estate of newspaper magnate William Randolph Hearst and actress Marion Davies, it became memorable in its own right in the films The Godfather and The Bodyguard.

Marion Davies

The epitome of Old World elegance, Hollywood history and drama, it has recently been listed at $125 million, according to TopTenRealEstateDeals.com.

Petra Stunt

Proving that the luxury market is quite well in Los Angeles, the fabulous Chartwell estate, where the Beverly Hillbillies intro was filmed, has sold for $150 million.

Aaron Spelling

 The former estate of deceased television-producer Aaron Spelling, previously purchased by racing heiress Petra Stunt in 2011 for $85 million just sold for $120 million.

Jeff Bezos

 But the winner of the most expensive purchase so far is Jeff Bezos, who just closed the deal on the home of David Geffen for an ungodly price of $165 million.

David Geffen 

 With one more mansion on the market in Bel Air stratosphere-priced at $225 million, the elegant Beverly House’s price tag of $125 million might be a bargain.

Jacqueline and John F. Kennedy stayed at the Beverly House in 1953 as one of the stops on their three-week honeymoon; it was also the West Coast presidential election headquarters for JFK.

Jacqueline and John F. Kennedy

 The home features 18 bedrooms, 25 bathrooms, 12 fireplaces, two swimming pools, exquisite formal water gardens and six separate structures.

Gordon Kaufmann

Designed by Gordon Kaufmann, the architect behind the Hoover Dam and some of the most important estates in the Beverly Hills area, the Beverly House stands as an emblem of Hollywood’s Golden Era.

Mauricio Umansky

Built in 1927, the estate is well known in the architectural world for its H-form design characterized by long colonnades, wide balconies, arched floor-to-ceiling windows and its spaciousness:

---a stunning two-story library with hand-carved paneling and a wraparound walkway; a formal living room with its 22-foot-high, hand-painted arched ceiling;

 Santiago Arana 

 ---a state-of-the-art spa; and a billiards room with herringbone parquet floors and an intricately designed ceiling and carved fireplace - both from the Hearst Castle in San Simeon.

 The main-level hallway is a staggering 82 feet, seven inches up to the 32-foot billiard room, which is open to the main hallway, for a total of 114 feet and 7 inches visible upon walking into the entry.

The grand upstairs hallway is more than 102 feet long and features a 40-foot wide, nearly 9-foot-tall Dennis Abbe mural. A substantial addition was made in the 1990s expanding the size of the building as seen in The Godfather.

Located only three blocks from Sunset Boulevard and the Beverly Hills Hotel, the Beverly House is situated on approximately five acres of landscaped flat land in the heart of Beverly Hills.

It offers extreme privacy and security with four security gates and several perimeter housing structures.

 The listing agents are Mauricio Umansky and Santiago Arana of The Agency, Beverly Hills.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Dream Finders Homes Started Construction on Model with Bonus at Ardmore Reserve near Lake Minneola, FL

The 2,945-square-foot Arlington with Bonus model at 1300 Blarney Street in Minneola, FL features a spacious second-story bonus room and a three-car garage

MINNEOLA, FL – Dream Finders Homes recently started construction on the Arlington, a four-bedroom, four-bath model planned for completion by this summer at the Ardmore Reserve community in the peaceful rolling hills of Lake County.

The 2,945-square-foot Arlington with Bonus model – at 1300 Blarney St. in Minneola – features a spacious second-story bonus room and a three-car garage, according to Gerry Boeneman, president of Dream Finders Homes’ Central Florida division.

“Prospective buyers will love the open floor plan of the Arlington with Bonus,” he said, “along with the number of upgrades and beautiful design features we offer to customize the homes.”

Gerry Boeneman

Four- to eight-bedroom homes are available at Ardmore Reserve with prices starting at $339,900. 

This community offers floor plans that range from 2,510 to more than 5,000 square feet on oversized 70-foot homesites.

Boeneman said only 30 homes will be built in the development, giving it a sense of real community.

“With so few residences, buyers will be able to get to know their neighbors as they enjoy the amenities like the covered playground and picnic areas, the spectacular sunsets on Lake Minneola and other nature views,” he said. 

The community is located in a top-rated school district, and is close to the scenic seven-mile South Lake Trail, downtown Winter Garden and main arterial highways (US 27, Hwy 50, Turnpike) providing easy access to dining, shopping and theme parks.

For more information about the Arlington and other models offered at Ardmore Reserve, please call 888-208-0483.

CONTACTS:

Gerry Boeneman, division president, Dream Finders Homes, 

888-214-1164 or Gerry.Boeneman@dreamfindershomes.com

Jassy Friddle, director of marketing, Dream Finders Homes, 

888-214-1164 or Jassy.Friddle@dreamfindershomes.com

Beth Payan, Larry Vershel Communications, 

407-644-4142, 407-461-3781 or beth@larryvershel.com

Arbor Funds Five Fannie Mae Loans in Alabama, Arkansas and California

Jonathan Chaim 

Two Arkansas housing properties, totaling 111 units, receive $5.4 million in acquisition funding 

Jefferson Court Apartments
 Pine Bluff, AR

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae portfolio in Arkansas. 

The two housing properties, totaling 111 units, received $5.4M in acquisition funding. The loans have 12-year terms, one year of interest only payments, followed by a 30-year amortization period.

Jonathan Chaim of Arbor’s New York City office originated the loans.

“At Arbor, relationships are the foundation of our business,” Chaim said. “Through our trusted partnership with Fannie Mae, we were able to secure the best customized solution for each of these properties to align with our borrower’s needs.”   

Country Estates Manor White Hall, AR

Jefferson Court Apartments, located in Pine Bluff, Arkansas, received $2.9M through the Fannie Mae Small Green Rewards Loan program. 

The 63-unit multifamily property was built in 1971 and includes one- and two-bedroom apartments. It features a pavilion building with storage rooms, a central laundry facility, picnic area and underground parking for residents.

Country Estates Manor, located in White Hall, Arkansas, received $2.5M in financing through the Fannie Mae Small Loan program. The 48-unit complex was built in 1999. The property includes a swimming pool and a clubhouse.

Matt Norman

Homewood, AL Multifamily Property Receives 
$15.2 MillionFannie Mae DUS® Loan

UNIONDALE, NY -- Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in Homewood, AL. The multifamily property received $15.2M in cash-out refinancing with a 12-year fixed rate.

 Matt Norman of Arbor’s Bloomington, Indiana, office originated the loan. 

 "Arbor provided for the refinance of a terminating Fannie Mae loan, which afforded the sponsor an opportunity to secure additional funds for future improvements to the property, while maintaining its place as a workforce housing leader in the submarket," Norman said.

The Crescent at Lakeshore Apartments
 Homewood, AL,

 The Crescent at Lakeshore Apartments in Homewood, AL, was built in 1967 and renovated in 2013. The 220-unit garden style property includes spacious modern living areas, crown moldings and walk-in closets.

 It also features a fitness center, swimming pool and playground. Retail shopping and the Birmingham Zoo are nearby.

$19M Fannie Mae Streamlined Rate Lock Loan Completed in

Santa Monica, CA

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $19M Fannie Mae Streamlined Rate Lock (SRL) loan in Santa Monica, CA. 

Garth Davis

The refinance cash-out deal for this 34-unit luxury apartment complex features 10 years full term interest only.

Garth Davis of Arbor’s San Francisco office originated the deal.

“This deal was unique in several ways, but mainly that it is a brand new build in Santa Monica, which is quite rare,” said Davis. “We were able to accomplish this transaction swiftly by negotiating with our long-term Fannie Mae partners to replace the borrower’s construction loan with an attractive permanent solution.”

Pico Eleven Luxury Residences
Santa Monica, CA

Built in 2019, Pico Eleven Luxury Residences offer amenities such as spacious, brightly lit open floor plans and top-of-the-line appliances. 

Outdoor features include large private decks and three ocean view community lounge areas with barbecues, firepits and WiFi access.

 The complex is also conveniently located near shopping venues, local parks and beaches, as well as the Santa Monica Pier Aquarium.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com