max palevsky

Price For Max Palevsky's House Drops, Items From His Estate Go On Sale

Last July we chronicled the listing of late Intel founder Max Palevsky's home on Sea Lane in Malibu. Back then that house was listed at $55 million but it now carries a price of $45 million. Last July we mentioned that the home was designed by architect Joe Weiser in 1975 and renovated by Italian designer Ettore Sottsass in 1984. Most of the time when a luxury home goes up for auction we don't always know where the furnishings go but in this case we know where some of the ended up and I got to see some of them hands on recently at Los Angeles Modern Auctions where they will be part of a sale of Modern Art and Design on March 6.

Tags: los angeles modern auctions, max palevsky

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Sunday Real Estate Round-Up: 08/29/10

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

From the LA Times Hot Property:
--David W. Higgins, the president of production at Sobini Films, has listed a midcentury home in Sherman Oaks at $949,000. The listing for the colorful home is here.
--Internet pioneer David Bohnett has sold his Holmby Hills compound to art dealer Larry Gagosian for $15.5 million.

From the NY Observer:
--Real estate mogul Aby Rosen's townhouse at 22 East 71st Street may have finally sold or at least been pulled off the market. It was listed at $75 million in 2008 but later had a price cut to $59 million.

Gallery: Forstmann Mansion

--Official records show that Damon Dash's foreclosed Tribeca condo at 25 North Moore Street went to Platinum Capital for $5.6 million.
--Society staple Countess Sharon Sondes sold her Trump International Hotel & Tower pied-a-terre for $1.45 million.
--Allen Ginsberg's apartment at 437 East 12th Street is now up for rent for $1,700 a month.
--Interior designer Jamie Drake purchased an apartment at 200 11th Avenue (the star-filled building where Nicole Kidman and Keith Urban recently bought) for $4.662 million and is already planning renovations.
--CB Richard Ellis vice chairman Darcy Stacom and her husband, Chris Kraus, a managing director at Jones Lang LaSalle bought a four-bedroom apartment at 447 East 57th Street for $4.775 million.
--Actor Liam Neeson recently sold his two-bedroom co-op at 91 Central Park West for $1.352 million. He and his late wife, actress Natasha Richardson, bought the apartment for $1.4 million in 1994.
--Ponzi schemer James Nicholson's three-bedroom at the Time Warner Center has finally been sold by the U.S. Marshal's office for $6.75 million. Nicholson bought the home for $8.5 million two years ago.
--New York Philharmonic flutist, composer and pianist Gary Schocker and Richard Norton purchased a brownstone at 215 West 137th Street in Central Harlem. They purchased the home from Vincent and Kim Van Doorn for the listing price of $2 million even.

From the Wall Street Journal's Private Properties:
-- Winecup-Gamble Ranch in Nevada, one of the largest in the West, with access to nearly one million acres of land has hit the market for $50 million. The ranch is owned by a corporation headed by Paul Fireman, the former chairman and chief executive of Reebok and the chairman of Fireman Capital Partners. The listing is here.
--A Beverly Hills home owned by Max Palevsky, the late philanthropist, art collector and a founder of Intel is listed for $9.5 million. The property website is here. His Malibu home remains listed at $55 million.
--Bert Saberhagen's Calabasas, California home is back on the market. The former Major League Baseball pitcher listed his home for $3.25 million last year but it is now for sale for $2.699 million.

Gallery: Bret Saberhagen in Calabasas

From the Real Estalker:
--Filmmaker Brett Morgen and actor/director/writer Debra Eisenstadt have listed their home in the Rockaways, Queens, New York for $4.495 million. The listing is here.
--Rumor has it that Kristen Stewart and Robert Pattinson are cozied up in a contemporary love nest in Bel Air.
--Courtney Love has leased actress/model Milla Jovovich's West Village townhouse.

Gallery: Milla Jovovich in New York City

--Andrew Dice Clay has sold his Hollywood home for the asking price of $1.399 million.

From Housing Watch:
--Christina Aguilera has dropped the price again on her Hollywood Hills home. It is now listed at $5.995 million, a full $2 million off the original asking price when she put it on the market in 2008. She bought the home in 2003 for $5 million.

Gallery: Christina Aguilera in West Hollywood

Tags: aby rosen, Allen Ginsberg, Bret Saberhagen, celebrity real estate, damon dash, david bohnett, jamie drake, liam neeson, max palevsky

Continue reading “Sunday Real Estate Round-Up: 08/29/10”

Sea Lane Drive, Estate of the Day

by Ann Brenoff (RSS feed) —

Filed under: Estates

Properties that come with 339 feet of beach and occupy 6.6 acres just don't come on the market that often in Malibu and when they do, they command pretty high price tags. In this case, it's $55 million for a house expected to hit the MLS early this week. The home belongs to the estate of Max Palevsky, the founder of the computer chip giant Intel. Palevsky died in May at age 85.

His long-time Malibu house was designed by architect Joe Weiser in 1975. It was renovated by Italian designer Ettore Sottsass in 1984. The two-story Mediterranean villa has 11,313 square feet, with fire bedroom suites all in a separate wing. The master suite has two fireplaces, one in the sleeping area and one in the adjacent office. There are two side-by-side tubs, a sauna and a private deck with speakers. All of the bathrooms in the house have rare Catalina Tile Factory tiles. (The Catalina Island Tile and Pottery factory operated from 1927 to 1937 and the pottery and tiles produced during the factory's ten years are unique and highly sought-after.)

The home also has a theater room and a large formal dining room with a burl wood ceiling. The room has ocean views and a fireplace. The kitchen has three SubZero refrigerators, two dishwashers, oak cabinets, two cook tops and a butler's pantry with a sink, a wall of storage and large counter areas. There are 25-foot-tall ceilings in the living room, which also has a fireplace. The covered loggia entry was may play second fiddle to a secondary entrance that has a fountain and a geometric hedge garden basked on a section of The Alhambra in Spain with the foyer serving as an art gallery. there is a spa on the ocean side bluff with a fire pit and a large deck. Stairs lead to the private sandy beach.

Flooring in the house is a mix of tile with custom inlays and borders, cherrywood and some carpet. The home has a temperature-controlled wine cellar, stain glass windows and is surrounded by a 15' high wall with a large wooded gated entry for security. A guesthouse outside the walled estate has a bedroom, living room, bath and kitchen. The resort-style gardens feature Palm Groves, bougainvillea, a large Eucalyptus forest, an orchid shade house, coastal redwood trees, segos, coral trees, grassy lawns and a fruit tree orchard. There is a lighted tennis court with a half-bath and drinking fountain, plus a 20' x 40' pool with a large tiled fountain and speakers.

Jack Pritchett of Pritchett-Rapf Associates, Malibu, and Chris Cortazzo of Coldwell Banker Previews International, Malibu, share the listing.

http://www.sealanemalibu.com/

Gallery: Sea Lane Drive