The California home of Jerry Buss, the deceased dynamic owner of the famous NBA team 'LA Lakers' has reportedly sold for $5.1 million.
The residence hit the market early December last year. It was asking a little lesser than $6 million. Now, theRealtor Blog is reporting that the home sold late last month.
Buss's large Italian-style villa is a true king-size retreat, spanning about 0.31 acres of land. The home is a three-story, 10,846-square-foot building comprised of seven bedrooms and eight full and three half bathrooms. The villa has an eight-car garage and an attached guest house as well.
Large, stained glass double doors featuring the Lakers logo welcome you into the grand home. Interiors feature beamed, high ceilings, French doors and windows and mixed flooring.
The listing described it as, "One-of-a-kind celebrity owned personally custom-built Italian Villa with breathtaking ocean, marina & city views, offers the ultimate indoor/outdoor California living."
Jerry Buss had purchased the Los Angeles Lakers in 1979. Under his leadership, the team won ten championships. He started his career as a chemist and then tried his luck in real estate where he gathered a lot of money swooping up and flipping properties.
Buss passed away at the age of 80 in a hospital in Los Angeles of prostate cancer in February 2013. He reportedly left a swanky condo in Honolulu and a 2009 Bentley car for his much-younger and "longtime" girlfriend, Delia Cortez.
According to a copy of the will that TMZ acquired, Buss left all his property to his family trust. Buss made amendments to his will in 2012, when he included Cortez in the decree. Apparently, the Hawaiian estate is worth $5.5 million and is being looked after by Buss's daughter, Jeanie Buss, who is also a trustee of the family trust.
More recently, Jim Buss, Jerry's son, recently sold his home in Dana Point, Calif., for $3.7 million. After listing the place, Buss went on a crazy buying spree, picking up four other properties in Dana Point and a posh condo in the Ritz Carlton overlooking the Staples Center in Los Angeles. In all, the transactions cost him a total of $17.58 million, reports the Los Angeles Times.
