Billionaire Bruce Karsh, co-founder of Oaktree Capital, sold his Beverly Crest mansion for $38,000,000 on March 29th. The estate, which had been listed since 2020 at approximately $60m, is located in the prestigious Beverly Hills market. Situated on three acres, the property boasts a 6,000 sq ft tennis court building, a cinema, a recording studio, and a golf simulation room. Designed by Michael Smith and featured in Architectural Digest, this single-family home offers luxury and sophistication.

Summary of transation details

• Property Type: Single Family
• Transaction Amount: $38,000,000
• Market: Beverly Hills
• Acres: 3

The buyer, known as 1201 TGD Trust, acquired the property from Bruce Karsh. Representing the seller was Linda May from Carolwood Estates and Joe Cilic from Sotheby's International Realty. With a spacious floor plan spanning 6,000 square feet, the property is valued at an estimated price per square foot of $6,333, showcasing its high-end features and exceptional craftsmanship. This transaction marks a significant sale in the Beverly Hills real estate market, attracting attention due to the notable individuals involved and the property's distinctive design and amenities.