Brad Grey, the CEO of one of the oldest movie houses, Paramount Pictures, has reportedly listed his home in Bel Air, Los Angeles, for $27.5 million, according to several news reports.
Grey has decided to sell as he plans on building a brand new home on a 2.3 acre lot in Holmby Hills. The estate apparently once belonged to Frank Sinatra. Grey purchased the property in November 2010 for about $18.5 million, reports the Wall Street Journal.
The Bel Air home is a plush single family residence Grey purchased in March 2009 for about $22 million. The residence is walled and gated, sitting on a 1.12 acre lot. The 10,616 home comprises of five bedrooms and seven bathrooms.
The listing at Redfin describes the house as:
Constructed new in 2006 to exacting standards and quality of yesteryear. The home is over 10,500 sf on a gated and completely private 1.1 acre beautifully landscaped parcel. The home has gracious and spacious rooms that include dramatic 2 story entry with curved staircase, paneled gentleman's den and bar, over-sized living room that converts to professional theater/media, family room off large kitchen and breakfast room. Formal dining room and butler's pantry complete this area. Upstairs is the generous master bedroom with glamorous his and hers separate bathrooms and closets as well as patio overlooking the grounds. Separated from the master are 3 additional en suite bedrooms connected by their own living room area. Currently there is a large gym and separate Pilate's studio with bath. 3 car garage plus security. Large front motor court plus parking for many at the garage area. Grounds are lush. Outdoor living including covered loggia and open lounging areas for the beautiful pool.
Check out the pictures of the residence, here.
Grey has held on to his position at Paramount since 2005. The whole movie industry has metamorphosed and grown by leaps and bounds in the past few years. Under Grey's leadership, Paramount reached the numero uno position by market share in 2011.
Check out a video here where Grey talks about the business and how he wanted to be in the show business with Bloomberg.
