Billionaire Bruce Karsh drops $68 million on a Holmby Hills contemporary farmhouse

More than a month ago, Yolanda snitched that billionaire financier Bruce Karsh — the co-founder of LA-based Oaktree Capital Management — was about to drop tens of millions on a “contemporary farmhouse” estate compound in the Holmby Hills neighborhood of Los Angeles.

Well, it happened. Looks like the fine folks over at Mansion Global were the first to suss out that Mr. Karsh paid a strangely complex $68,822,500 for the property, which spans 2.15 acres in one of LA’s poshest neighborhood pockets — the billionaire-lined street of North Carolwood Drive.

Mr. Karsh’s new $68 million farmhouse

Designed by Napa Valley-based architect Howard Backen, the residence was custom-built in 2016 for Brad Grey, the former CEO of Paramount Pictures, and his (second) wife Cassandra Huysentruyt Grey. Unfortunately, Mr. Grey only got to live a few months in his dream home before he succumbed to cancer.

RIP.

For loads more photos and details about the home, y’all can visit Yolanda’s previous tale on the subject. For now, suffice to say that this place is pretty damn spectacular and probably worth the brain-searing price of admission, believe it or not.

Anyway, Mr. Karsh and his longtime wife Martha — an attorney and architectural designer by trade, she is — are world-class ballers with mansions in lots of fancy-schmancy neighborhoods. They have a massive pad on Hawaii’s Big Island. They own a tennis court estate up in Montecito (CA). In 2014, they purchased a $33 million spread in Brentwood (CA) that has interiors done up by Obama’s White House decorator Michael S. Smith. They still own their longtime family home, a rambling old mansion up in the mountainous Beverly Hills Post Office area of LA. And just a month or so ago, they paid approximately $25 million for the NYC townhouse of legally-embattled former movie mogul Harvey Weinstein.

Mr. & Mrs. Karsh

Although none of their other houses are currently on the market, Yolanda would be shocked if Mr. and Mrs. Karsh were not looking to unload their Brentwood and B.H.P.O. spreads in the very near future. So if anyone out there is looking (or has clients looking) for a enormous Traditional-style place in either the 90049 or 90210 zip codes, give Mr. Karsh or the missus a ring-ring.

Oh, P.S., don’t worry about the Widow Grey being homeless. Homegurl is already basking in a gorgeous mid-century modern — the historic Loring House by Richard Neutra — over in the Hollywood Hills.

Listing agents: Stephen Shapiro, Westside Estate Agency; Linda May, Hilton & Hyland
Bruce & Martha Karsh’s agent: Linda May, Hilton & Hyland

5 Replies to “Billionaire Bruce Karsh drops $68 million on a Holmby Hills contemporary farmhouse”

  1. Yolanda! Have you seen that Jenna Marbles and her Boyfriend just bought a house?i don’t know the address nor am I very firmiliar with the L.A. region but I think that it’s in tarzana or encino it seems like it would fit In with that area.

  2. They also bought Harvey Weinstein’s tainted townhouse on Bank Street, for 20m, a month or two ago.

    1. Yolanda Yakketyyak says: Reply

      Totally forgot about that one – thanks!

  3. Interesting that Mrs. Grey moved from this $70 million home in prime Holmby Hills to a relatively-tiny $5.6 million house less than a year after Mr. Grey died. She must have started house hunting almost immediately after her husband died. Either she’s really modest or this house wasn’t really her idea of a dream house.

    1. Maybe she just didn’t want to live in the house where her husband died? He also had kids from his first marriage, so she only inherited a portion of his fortune I’m sure. Time to scale back.

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