Peter Morton Does In Trousdale Estates

BUYER: Peter Morton

LOCATION: Beverly Hills, CA
PRICE: $9,800,000
SIZE: 5,367 square feet, 4 bedrooms, 5 bathrooms

YOUR MAMAS NOTES: Property gossips around the globe went hog wild in October 2012 when a single story French Regency meets mid-century modern style residence high in the terrifically trendy Trousdale Estates 'hood in Beverly Hills hit the open market with at asking price of $12,995,000.

The hoopla and hoo-ha wasn't just because the gated residence occupies a highly desirable 1.18 acre lot on what is arguably one of the better streets in Trousdale Estates where some of the other homes are owned by folks like celebrity photographer Steven Meisel but rather because the house is loosely known in real estate circles as the west coast Graceland. That's right, back in 1967—the year they were married—hip-swiveling music industry icon Elvis Presley and his then new bride Priscilla purchased the house for $400,000.

Property records shows the old Presley pad was sold in mid-December 2012 to a corporate entity for $9,800,000. Everybody Your Mama talked to—including our well-informed confreres Yolanda Yakketyak and Helen A. Hightower—snitched that the buyer was high-end property flipping former restaurateur and hotelier Peter Morton.

Mister Peter Morton—not to be confused with his prolific property flipping restaurateur son Harry who owns the lewdly named Pink Taco eateries in L.A.—made the bulk of his (estimated) half billion dollar fortune in 1995 when he sold his co-founding interest in the Hard Rock Cafe chain for $410 million and in 2006 when he sold the Hard Rock Hotel & Casino in Las Vegas for $770 million to boutique hotel magnate Ian Schrager's Morgans Hotel Group.

Your Mama does not have any idea how long The King and his bouffant-haired bride Priscilla owned the house in Trousdale Estates but we do know that for many years—and even still—fans and fanatics alike scrawled and scribbled messages to their rock-n-roll idol on the mini-estate's front gate (above). We can only hope that Mister Morton preserves the front gate for posterity or donates it to the Rock And Roll Hall of Fame or something like that.

Anyhoo, listing information shows the existing, single-story residence was originally built in 1958 and includes four bedrooms and five bathroom in 5,367 square feet of interior space, plus an attached guest house with additional private bathroom.

The low-slung sprawler, recently upgraded and renovated according to listing information, contains a spacious formal living room with fireplace, a formal dining room, family room, office, media room and a newly installed eat-in kitchen that looks to Your Mama like it belongs in an upscale but uninspired suburban mini-mansion.

Floor to ceiling windows and sliders throughout flood the house with natural light and allow for long vistas down the canyons and—on a clear day—over the glittering lights of Los Angeles all the way to the Pacific Ocean. The walls of windows seamlessly integrate the inside and the outside living spaces that include various terraces and patios, a flat patch of grass for the pooches and a free-form swimming pool and spa. Out front, there's a gated motor court and a four-car car port

Your Mama's been told by someone in a position to know that the house remains remarkably intact from the time Mister Presley and Miss Priscilla owned it in the mid- to late-sixties but that's probably no matter since the scuttlebutt on the Trousdale real estate street is that Mister Morton plans to raze the existing residence to make way for an all new house that he'll no doubt sell at an enviably enormous profit.

Certainly buying, knocking down and building anew seems to be the growing trend on this particular cul-de-sac. Back in August (2012), budding real estate baller—and mid-priced handbag purveyor—Bruce Makowsky quietly paid $12,650,000 for an almost 7,000 square foot house directly across from the old Presley pad that's he's already razed in preparation for what will surely be a bigger and sleeker new house that Your Mama imagines will eventually wind up on the market with a fat eight figure asking price. Next door to the house Mister Makowsky recently tore down movie producer turned property developer Nile Niami paid Oscar-winning screenwriter Robert Towne (Chinatown, Shampoo, Mission Impossible franchise) $9,800,000 for a nearly six thousand square foot house that rumor has it he too will tear down to make way for a bigger and slicker house that will also—no doubt—eventually turn up for sale with an eye-popping eight figure asking price.

Mister Morton has bought and sold more pricey properties in some of the more expensive zip codes of Los Angeles that Your Mama cares to count, including a hulking Tudor style pile on 4.1 private acres in Beverly Hills that he bought in 2006 for $18,500,000, never lived in and sold—at a substantial loss—in the spring of 2011 for $16,190,000 to property-collecting Oscar-winning superstar actress Sandra Bullock.

As far as Your Mama knows—and we really don't know a ham from a gold fish—since the mid 1990s Mister Morton's primary residence in Tinseltown has been a 13,000- plus square foot mansion on 1.3-plus gated and landscaped acres in a particularly plum section of the Holmby Hills that he bought from entertainment industry executive Robert A. Daly for $9,250,000.

Mister Morton also maintains an elegantly contemporary Richard Meier-designed mini-compound with a total of seven bedrooms and seven full and two half bathrooms on two—or maybe three—prime ocean front lots on Carbon Beach, Malibu's most expensive stretch of sand where some of the other homeowners include endlessly rich trophy property amassing titans of industry like David Geffen, Michael Milken, Paul Allen, Eli Broad and Larry Ellison.

listing photos: Coldwell Banker 

Your Mama Hears...

...from Bob N. Weave, a well-connected real estate tattle tale who has provided us with accurate intel in the past, that tool and die tycoon Eric Smidt and wife Susan are fixin' to hoist their big ol' compound-like estate (above) in the garishly swanky guard-gated Beverly Park community on the market with an asking price somewhere in the neighborhood of $40,000,000.

Mister and Missus Smidt's sprawling two-parcel compound comprises more than six acres and, as best as we can tell from a perusal of various property record data bases, the couple picked up the first of their two Beverly Park parcels July 1995 from ice hockey honcho Wayne Gretzky for an undisclosed amount of dough. They subsequently scooped up the the adjacent parcel, in November 1999, for just over three million smackers.

The L.A. County Tax Man indicates the seven bedroom and ten bathroom multi-winged main mansion was built in the late 1990s and, at 11,204 square feet, is actually quite modest by the famously steroidal standards of Beverly Park where a fair number of the super-sized single family abodes top 25,000 square feet. Property records also show the compound includes at least one other secondary structure with an additional two bedrooms and five bathrooms in 3,863 square feet of interior space.

That Mister and Missus Smidt would like to unload their custom-built compound in Beverly Park should come as no surprise to Platinum Triangle property watchers who are well aware the lavish living couple also own The Knoll, the storied Beverly Hills mega-estate they bought from oil baron turned Showbiz tycoon Marvin Davis in February 2005 for—according to the folks at Blockshopper—$39,352,500.

The L.A. County Tax Man shows Mister and Missus Smidt—who spent years and Lord only knowns how many millions on a soup-to-nuts renovation that reportedly changed the original 25,000-plus square foot Georgian mega-mansion into an even larger white brick Regency style pile—shelled out $472,540 and eighteen cents in property taxes in 2010.

The Knoll, one of Los Angeles' most illustrious homes was originally built in the 1950s for Lucy Doheny Batson—the wealthy widow of oil heir Ned Doheny—and was later owned by Italian-born movie producer Dino De Laurentiis who sold it to country music king Kenny Rogers in 1980 for $14,500,000. It was Mister Rogers who sold The Knoll to Marvin and Barbara Davis in 1984 for $20,250,000.

Mister and Missus Smidt also maintain an ocean front residence a few doors down for Pierce Brosnan on Malibu's quickly disappearing Broad Beach that they snatched up in early 2003 for $14,950,000.

Now children, keep in mind that at this poing this is all just just high-priced real estate rumor and gossip; We're just passing along a tidbit we heard from someone who plays in the same sandbox as all the Platinum Triangle real estate big mommas and mack-daddies. We wouldn't bet money on it but for all Your Mama really knows Mister and Missus Smidt plan to keep their Bev Park property to house their domestic staff.

aerial photo: Google

Jude Law Lists in London's Maida Vale

SELLER: Jude Law
LOCATION: London (Maida Vaile), U.K.
PRICE: £4,350,000
SIZE: 4-5 bedrooms, 3.5 bathrooms*

YOUR MAMAS NOTES: About two years ago, two-time Oscar nominated British actor Jude Law and his on-again/off-again/on-again gal-pal Siena Miller picked up a £7-plus million property in North London's hoity-toity and star-studded Highgate neighborhood.

We don't know when or if Mister Law (and Miss Miller) moved into their big new house in Highgate  where some of the neighboring residences are owned by folks like supermodel Kate Moss, actor Clive Owens, pop star George Michael and veteran rock star Sting and wife Trudy Styler but thanks to an English informant we'll call Bree Tish we've learned that Mister Law has listed his four-floor, Grade II listed Georgian style house on the border between London's natty Maida Vale nabe and the even more posh St. John's Wood 'hood.

Online listings forwarded by Miss Tish show the asking price set at £4,350,000. A few quick clicks on Your Mama's trusty currency conversion contraption shows that equals $6,869,910 (U.S.) at today's rates.

According to Miss Tish, Mister Law's walled and gated residence sits on a very busy thoroughfare across from a high-rise social housing complex. Not the most elegant location but as anyone who'se ever lived in a major metropolitan area, urban living sometimes pushes the privileged up against the less financially fortunate.

Anyhoo, a good-sized gated and graveled motor court with what appears to be a single car garage in front provides enviably generous off-street parking and the rear garden extends a unusually deep 144-feet.

Listing information indicates the raised main floor contains an entrance hall with powder pooper and a double reception room, both filled with all sorts of interesting unusual objects like an over-sized Pez dispenser, an under-sized Foosball machine, a classic Eames lounger, lots of artwork both on the walls and leaning against the walls and scores of books stacked on just about every flat surface. The children will note that the decidedly eclectic decorative chaos is cleverly balanced by matching circular mirrors mounted above the simple fireboxes that anchor the outer wall of each room.

As best as Your Mama can tell from listing information, the partially subterranean lower ground floor contains a guest/staff bedroom, utility rooms, a family room with blood red walls and an all-glass garden view conservatory-style dining room furnished a giant farmhouse table. Also on the lower ground floor—we think—is a U-shaped kitchen with a country house meets city living vibe that's expensively outfitted with slate tile floors, crisp white Shaker style cabinetry, gleaming black granite counter tops, a white porcelain farmhouse style sink and high-grade stainless steel appliances. Regrettably the cabinets stop just shy of the ceiling, a ugly situation that creates a hard-to clean space ripe for growing buffalo sized dust bunnies.

Marketing materials and listing photographs suggest there are two guest/family bedrooms that share a bathroom/shower room plus a master suite with attached dressing room and en suite facility. It's not the low ceilings or the deep burgundy-colored walls in the master bedroom that make Your Mama most squeamish but rather all that stuff tucked up under the bed. If there's anything we loathe more than a lethal-looking pot rack in the kitchen it's a bunch of visible shit shoved up underneath a bed.

The affluent and centrally located Maida Vale neighborhood has long attracted high-profile Showbizzers. Some of the past and present residents with recognizable names include actor Jonathan Rhys-Meyers, Victoria Secret bra and panty model Rosie Huntington-Whiteley, wacky Icelandic singer Björk, brilliant comedienne Jennifer Saunders, The Cure's lipstick wearing front man Robert Smith and iconic actor John Inman.

*We're not 100% sure the actual count is four-to-five bedrooms and three-point-five bathrooms. We've come up with that number based on a careful parse of somewhat vague online marketing materials which aren't—as it turns our—terribly specific abotu such things.

listing photos: Ian Green Residential

Big Time Banker John J. Mack Lists Duplex Penthouse

SELLER: John J. and Christy Mack
LOCATION: New York City, NY
PRICE: $22,500,000
SIZE: 3,650 square feet, 4 bedrooms and 4.5 bathrooms (plus a staff suite)

YOUR MAMAS NOTES: Back in the fall of 2009, former Morgan Stanley CEO John J. Mack and his wife Christy (reportedly and allegedly) coughed up $13,500,000 for a tired but still stunning 33-foot wide Beaux Arts style carriage house with private garage on the Upper East Side owned by high society horticulturist Bunny Mellon who used the 100-plus year old building as a storage facility for her pricey gew-gaws and doo-dads.

Whatever upgrades and renovations Westchester County-based Mister and Missus Mack made to the comely carriage house must be complete—or nearly complete—because they've recently tossed their duplex penthouse pied-a-terre atop an historic pre-war condo building on East 63rd Street on the market with an asking price of $22,500,000.*

The floor plan included with online marketing materials shows the approximately 3,650 square foot penthouse has four bedrooms and 4.5 bathrooms, plus a prison cell-sized staff room with attached bathroom.

The main living spaces are on the lower level and include a 26-foot long room with fireplace that Mister and Missus Mack use as a living/dining room combination. The original dining room is set up in listing photos as a library/den that connects directly through to narrow but recently renovated kitchen.

A long corridor off the entrance hall connects to a small guest/family bedroom with large private bathroom and a large master bedroom with decorative fireplace, three closets and a bidet-equipped bathroom.

Upstairs there are two more guest/family bedrooms, both with two closets and private—not to mention properly windowed—en suite bathrooms. Also upstairs are laundry facilities, a 27-plus foot long all-glass solarium with city views and built-in wet bar and an approximately 625 square foot private terrace furnished with what appears to be a whole lotta high-priced patio furniture designed by Richard Schultz.

Listing information suggests the Mack's duplex spread was decorated "in the spirit of" the very proper and 5-star Dorchester Hotel in London. As far as we can tell that means it's all a bit frou-frou, decidedly traditional and a wee bit stuffy but very correct if not exactly exciting.

Property records show Mister and Missus Mack's property portfolio also includes an 8,512 square foot house on 3-plus acres in Rye, NY, at least five bay and ocean properties—three with houses, two vacant—in the upscale seaside community of Wilmington, NC.

*For the record, property records show this penthouse owned by a corporate entity that links directly back to a residential address in Rye, NY owned, according to property records, by Mister and Missus Mack.

exterior photo: Nicholas Strini for Property Shark
(interior) listing photos and floor plan: Sotheby's International Realty