Megan Ellison, the producer of some blockbuster movies like 'American Hustle' and 'Zero Dark Thirty' has reportedly purchased a huge home worth $20 million in Hollywood Hills West, Los Angeles. She has also dropped $10 million on two adjacent underdeveloped parcels of land, according to several news sources.
Megan, who happens to be the daughter of Oracle CEO Larry Ellison, has set real estate headlines on fire with her new acquisitions. According to the Real Estalker, the total buy accounts for about over eight acres of land, with the home spanning a prime 3.01 acres and the plots measuring 5.17 acres put together.
The Realtor blog explains that the residence is a 9200 square feet home, comprising of six bedrooms and eight bathrooms. The multi-winged residence features plush modern interiors with floor-to-ceiling windows that provide for panoramic views of the area. Exquisite amenities include a gym, a theatre, a spa, a motor court, a volleyball court and a swimming pool.
Check out some pictures of the residence, here.
Looks like Megan likes to deal with real estate in 'wholesale'. Recently she sold off three Bird Street, Los Angeles, residences for $47 million. She purchased the home between 2008 and 2011 for a total of $33 million. She sold off the homes for a good profit, reports Curbed.
She had since been looking for a suitable pad. According to the Hollywood Reporter, she went under escrow to purchase actress Angelica Huston's home in Venice, California. However, she pulled out of the deal.
Megan is proving to be just as skilled at real estate like her father. Daddy Ellison recently flared up the property market with his Malibu real estate conquest. He apparently spent about $200-$270 million on more than a dozen properties in Malibu through nine separate transactions over the last ten years. His latest purchase was a two-story, white stucco building in a gated, private compound on Carbon Beach.
