Billionaire Steven Cohen About to Buy in Beverly Hills
Your Mama hears that East Coast-based hedge fund fat cat Steven A. Cohen is about to set down some pricey real estate roots in Los Angeles. Though just rumor and gossip at this point, according to Our Fairy Godmother in Bel Air, the famously lavish-living multibillionaire — his personal fortune is estimated at more than 10 billion bucks — is all set to acquire a freshly finished and aggressively contemporary spec-built mansion in Beverly Hills listed at $35 million.
The essentially triangular, 0.66-acre parcel was formerly the site of idiosyncratic silver screen star Glenn Ford’s partly octagonal, 8,800-square-foot one-bedroom mansion, which was later owned, occupied and sold to a corporate entity by Mister Ford’s son in late 2012 for $6.15 million. Digital marketing materials show the newly built and very modern mansion, completely clad in Italian porcelain slabs and close enough to the illustrious Beverly Hills Hotel that Mister Cohen and/or his house guests could quickly and easily pop over to the Polo Lounge for a $38 Kobe beef burger — measures in at 12,664 square feet with nine bedrooms and an unlucky 13 toilets spread throughout 11 full and two half bathrooms.
Expansive interconnected living and entertaining spaces include full walls of floor-to-ceiling glass panels that slip into the walls, “upper and lower outdoor living room loggias,” numerous fireplaces — the master suite alone has three — and a boat load of flat-screen televisions hung here, there and everywhere above fireplaces and on the walls. Additional public and semi-private spaces include a pair of office suites, a professional-grade movie theater and a pool room/lounge with full bar and glass-fronted wine storage room. There are two guesthouses of unknown size and amenities and a temperature controlled eight-car subterranean garage plus additional off-street parking for more than two-dozen additional cars.
In addition to the aforementioned loggia lounges, the estate’s outdoor amenities include roomy sunbathing terraces, an L-shaped fire pit with cushioned built-in seating, a sport court and an entirely tiled saltwater swimming pool with color-changing lights, underwater music system and something listing details call a “sheer descent waterfall.”
Like many if not most billionaires, Mister Cohen leads a financially libertine lifestyle that includes an immense, museum-grade contemporary art collection — in 2013 he paid casino magnate Steve Wynn $155 million for Picasso’s La Rêve — and a substantial portfolio of ludicrously expensive high-maintenance homes. In 2013 alone the trophy property collector shelled out $23.4 million for a 10,000-square-foot maisonette apartment in New York City’s West Village, and he shed another $62.5 million on a 6.5-acre oceanfront estate in East Hampton, N.Y., where he already owned and continues to own a roomy but landlocked, 2.1-acre spread. These properties are in addition to second, nearly 10,000-square-foot townhouse-type condo in the West Village he picked up in late 2012 for $38.4 million, a currently for sale 9,000-square-foot duplex penthouse in Midtown Manhattan — originally priced at $115 million but recently relisted at $82 million — and, of course, let’s not forget his primary residence, a 35,000-square-foot mega-manse in Greenwich, Conn., that sits on about 14 landscaped acres dotted with name-brand artworks that include a massive Richard Serra sculpture in the front yard.
By: Variety
