Media tycoon Byron Allen has chosen an enhanced spot for residential leisure as he awaits the Supreme Court’s review of his well-known $20 billion racial discrimination claim against Comcast. The billionaire owner and founder of Entertainment Studios, which is home to Fox Sports Group and The Weather Channel among other properties, has shelled out close to $20 million for a brand-new mansion on a particularly desirable street in the highly sought-after Beverly Hills Flats neighborhood.
Constructed by the celebrity-favorite architect Ken Ungar, who is renowned for his opulent “contemporary traditional” homes in Pacific Palisades and Brentwood, the majestic white brick mansion, with over 11,300 square feet of living area, went into escrow just two weeks after it was put on the market. Enclosed by walls and gates, the.38-acre mini-estate features more off-street parking in front and a second, separate garage that can accommodate two cars out back.
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No doubt, both delivery personnel and guests will be impressed by the grand, double-height foyer. The three-story building, which is impressive due to its fine craftsmanship and stylish finishes, has light brown oak floors running throughout. Formal living and dining rooms, a large eat-in kitchen, and a family room with a wet bar are all located on the main floor. French doors that resemble accordions lead to a loggia with an outdoor fireplace.
A luxurious master bedroom with a fireplace and a separate terrace, as well as enormous walk-in closets and marble-slathered baths for each person, are found in the hedonistic upstairs master. Meanwhile, the underground bottom level has a home theater with multiple rows of tiered seating, a wet bar, a large walk-in wine closet, and a lounge that’s ready for a party. There are also spa services and a gym with mirror walls for fitness enthusiasts.
Those who follow real estate closely will know that Allen has previously ventured into Beverly Hills real estate. He paid precisely $17 million to wealthy Texan banker Gerald J. Ford back in May 2012 for an enormous modern mansion located in an even more affluent area of Beverly Hills, north of Sunset Boulevard. The house has been empty for a number of years, ready to be demolished as Allen and his longterm spouse Jennifer Lucas push through plans to replace it with a 24,000 square foot mega-mansion complete with a subterranean garage and bowling alley. Though many people on the street, including his next-door neighbor, multibillionaire financier Leon Black, have written letters to the Planning Commission endorsing Allen and Lucas’s proposed project, the project has sparked some opposition from the neighborhood.
In addition, Allen still owns his “starter” house in the neighboring Hollywood Hills, a one-story modern Mediterranean fusion situated high in the posh Bird Streets enclave that was formerly owned by Fred Durst of Limp Bizkit. His $22.8 million Hawaiian estate, however, is without a doubt his most striking residential asset that he purchased last year. The modern home is beautifully situated on Maui island and has 130 feet of ocean frontage. It has a negative-edge swimming pool and an elevator.
The Beverly Hills Flats listing was held by Drew Fenton of Hilton & Hyland and David Offer of Berkshire Hathaway HomeServices; Terence Hill of BT Equities represented Allen.
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