James Packer Purchases Le Belvedere Estate In Bel Air For $110 Million With Carolwood Estates And Westside Estate Agency
630 Nimes Road
$110,000,000
$3,109/SF
Building Size
35,378 SF
Asset Type
Single Family
Closing
May 6, 2025
AI
The property asset involved in this transaction is a single-family home located at 630 Nimes Road in the Bel Air market. It spans 2.2 acres and features 35,378 square feet of living space. The sale was executed at a price of $110,000,000, translating to a price per square foot of approximately $3,109.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $110,000,000
- Address: 630 Nimes Road
- Market: Bel Air
- Acres: 2.2
- Square Footage: 35,378
- Price per Square Foot: $3,109
- Buyer: James Packer
- Seller: European Investment Management Services Inc.
- Buyer's Representatives: Drew Fenton - Carolwood Estates; Kurt Rappaport - Westside Estate Agency
- Seller's Representatives: David Parnes, James Harris, Jonathan Nash & Stephen Resnick - Carolwood Estates
Notably, James Packer, formerly the chair of Crown Resorts, finalized the acquisition of the 10-bedroom Le Belvedere estate. This transaction is recognized as the most expensive residential deal in Los Angeles County for the year 2025, with the involvement of agents from both Carolwood Estates and Westside Estate Agency in the brokerage process.
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93