James Packer offloads LA mansion for $93 million

James Packer has offloaded his celebrity Los Angeles mansion for a record price of $US60 million ($A93 million).

The Aussie billionaire’s latest home sale is believed to be the most expensive property deal in Beverly Hills this year, The Australian reports.

The former Crown chairman snapped up the stunning LA home mansion in 2018 for a cool $US60m ($A93.34m), according to Realtor.

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Previously owned by Hollywood star Danny DeVito, the home features multiple buildings, including a three-storey accessory dwelling and a separate maids quarter and guesthouse.

The seven-bedroom property includes a home theatre with a bar, a game room, wine cellar, resort-style pool and cigar lounge.

The primary suite has a fireplace, sitting room, dual bathrooms, and access to a terrace.

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In 2023, the famed casino tycoon listed the sprawling estate with a hefty $US85m ($A132 million) price tag.

Last year, Packer took the property off the market after failing to find a buyer.

PACKER’S NEW $174M HOME

The news comes a month after the former media mogul forked out a whopping $US110m ($A174m) on a mega-mansion in Bel-Air, California

The sprawling property features 10 bedrooms, 15 bathrooms, 14 fireplaces, two pools, a traditional Turkish bath, parking for 20 and Moroccan mosaic tiling.

The three-storey home also boasts a wine cellar with its own dining room and a Baroque-style cinema with a mural on the ceiling.

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The dwelling, which boasts 280 degree views over Los Angeles, was originally home to fashion models Gigi and Bella Hadid, the daughters of US property developer Mohamed Hadid and his ex wife Yolanda.

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The latest purchase is a small part of the businessman’s impressive $400 million property portfolio, with houses in America, Australia, Mexico, Argentina and Israel.

Barangaroo

In 2017, the former media mogul splurged an astonishing $60m on a two-level pad in the Sydney Crown Resorts.

At the time, ​​the sale smashed the Sydney apartment record of $26m, set in 2016 with the sale of Sydney’s Opera Residences penthouse.

Now said to be worth $100m, the luxury ‘Sky Home’ boasts stunning views of the Sydney Opera House and Harbour Bridge.

Packer renovated the apartment, installing an elevator and removing stairs, with other features including Scandinavian bleached birch wood, ripple textured bronze glass and silver-veined stone slabs from Greece.

When he purchased the home, Packer planned that his ex-wife Erica would decorate.

The couple previously shared a home in Sydney’s east, La Mer, which they sold for $70m in 2015.

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Argentina

The former Crown chairman inherited the residential part of the La Ellerstina Polo Club in Buenos Aires from his father, Kerry Packer, who founded the property with polo legend Gonzalo Pieres Snr.

Named after the Packer family’s Australian polo property in Ellerston NSW, the estate has eight polo fields, seven stables housing 268 boxes, two exercise tracks, one schooling arena, a tennis court and an 18-hole golf course.

It breeds and sells horses from embryo to stud, runs an annual horse auction, hosts its own Gold Cup Tournament, and rears the next generation of polo champions at Polo Week school.

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Aspen

In 2013, Packer and his then-wife Erica splashed a reported $20m on a luxurious estate in Aspen, Colorado.

The seven-bedroom compound features a movie theatre, a games room with a Billiard, library, bar, steam room and man-made lake with a waterfall.

Other amenities include a state-of-the-art kitchen with an island breakfast bench, a medieval-style dining room and a living room looking out to scenic hills.

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Israel

The rich-lister bought a house in Israel in 2015 on the back of his friendship with one of Hollywood’s high-­profile independent film producers Arnon Milchan.

Packer told The Daily Telegraph that he had bought a house in Tel Aviv, Caesarea next door to Israeli Prime Minister Benjamin Netanyahu.

But the home’s purchase price and other details are not known.

Cabo San Lucas

Packer put the finishing touches on his sprawling $50m Mexican compound in 2021 after three years of construction.

The massive single-storey estate occupies one of the largest beachfront blocks in Cabo San Lucas, located on Mexico’s Baja California peninsula.

The billionaire started construction on the palatial home after he purchased the site in 2018.

The mansion is tucked behind a towering wall facing the street. Seven separate buildings make up the residence and features a large open air courtyard, an infinity pool and manicured lawns.

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