Real Estate Industry News

Russell Peters is looking to leave his landlord responsibilities behind in Malibu. The comedian-actor’s ocean-view estate, which is now tenant-occupied until 2023, is back up for sale at $7.995 million.

There’s plenty to like about the coastal abode, which spans 10,000 square feet on 1.35 acres. Past a gated driveway and porte-cochère, the home opens through double doors to a grand chandelier-topped foyer.

Completely remodeled under his ownership, the interior holds such highlights as a restaurant-quality wet bar, a rounded sunroom, a movie theater, a gym and a wraparound terrace overlooking the ocean.

Advertisement

Dark floors of tile and hardwood switch off in the living spaces, which include an indoor-outdoor living room, formal dining room, family room and sleek kitchen with a breakfast nook.

The master suite — one of seven bedrooms and 10 bathrooms — extends to a rounded lounge and a spacious bathroom with a free-standing tub and sauna.

Out back, landscaped lounges and lawns surround a swimming pool and spa.

Peters, 48, has produced a number of comedy specials, including “Outsourced” and, more recently, “Almost Famous.” The Canadian stand-up comedian voiced the character Rocky the Rhino in the 2016 film version of “The Jungle Book.” He also appeared in, among other movies, “Source Code” and “Chef.”

Advertisement

He bought the place in 2014 for $4.725 million.

Gary Gold of Hilton & Hyland holds the listing.

Sweet offering on the coast

Candy Spelling is making waves in the real estate scene once more. After her former estate in Bel-Air set a new California record by selling for $119.75 million, the socialite has listed her waterfront mansion in Malibu for sale at $23 million.

Spelling shared the home for decades with her husband, prolific TV producer Aaron Spelling, until his death in 2006.

Enjoying 81 feet of water frontage on La Costa Beach, the brick-clad abode offers a markedly different feel from its coastal neighbors.

Past a stately courtyard entry, it opens to more than 8,000 square feet of limestone floors, crown molding and other custom details. The center-island kitchen features rich wood cabinetry and granite countertops. Picture windows and glass doors found throughout frame ocean views.

Advertisement

The family room has beamed ceilings and a wet bar. Blackout curtains and a projector turn the space into a screening room. Of the seven bedrooms, two are master suites. Two offices and a bonus room complete the floor plan.

Outside, a patio spans the length of the home. Two staircases descend to the sand below.

Spelling, 74, is an author, theater producer and philanthropist. Her autobiography, “Stories from Candyland,” made the New York Times bestseller list. Multiple plays she produced, including “The Color Purple” and “Nice Work If You Can Get It,” won Tony Awards.

Spelling’s former home, the Manor in Holmby Hills, is one of the most iconic estates in L.A. County. Nicknamed “Candyland” during her ownership, the W-shaped chateau is larger than the White House, clocking in at 56,500 square feet. She sold the property in 2011 to British heiress Petra Ecclestone for $85 million.

Chris Cortazzo of Compass, Joyce Rey of Coldwell Banker Global Luxury and Linda May of Hilton & Hyland hold the listing.

From the South Bay sidelines

As the NBA and NHL seasons near, two of L.A.’s newest head coaches are getting settled into their new surroundings.

Kings head coach Todd McClellan and Lakers head coach Frank Vogel have purchased homes in Manhattan Beach for about $6.77 million and $5.35 million, respectively.

Advertisement

McClellan’s house, described as a combination of a “N.Y. loft meets modern farmhouse,” has six bedrooms, seven bathrooms and more than 6,300 square feet of space.

The three-story floor plan includes formal living and dining rooms, an office, an open-plan kitchen, a family room and an elevator. The lower level is dedicated to entertaining and has a wet bar and a game room. Sliding barn doors conceal a home theater.

Vogel’s home, built new this year, weighs in with five bedrooms, seven bathrooms and nearly 4,900 square feet of living space. Features include white wainscoting, beamed ceilings and a center-island kitchen. There are fireplaces in the living room and master bedroom as well as the patio. An elevator serves each floor.

McLellan, 51, in April signed a five-year contract to become the head coach of the Kings. His previous head coaching stops include stints with the Edmonton Oilers and the San Jose Sharks. He also led the Canadian team to a gold-medal finish in the 2015 World Championships and coached the North American team in the 2016 World Cup of Hockey.

Vogel, 46, has been coaching in the NBA since 2001, serving in assistant roles with the Celtics, 76ers and Wizards before becoming the Pacers head coach in 2011. After six seasons with the Pacers and two with the Magic, he was named the Lakers head coach in May.

John Chuka and Kerry Dawson of NWRE Brokers were the listing agents for McLellan’s property. June Emerson of Vista Sotheby’s Realty represented the Kings coach and his wife, Debbie.

Tracey Nesicolaci of Vista Sotheby’s Realty and Sheri Kapust of RE/Max Estate Properties were the listing agents for Vogel’s property. Kristi Seth of 3 Leaf Realty Inc. represented the Lakers coach and his wife, Jennifer.

Grand traditional remains golden

The onetime home of Golden Age film star Tyrone Power has come on the market in Brentwood for $11.995 million.

The Georgian traditional-style home, built in 1937, was designed by architect Paul R. Williams for singer Grace Moore and her husband, Spanish actor Valentín Parera, according to the Paul R. Williams Project. Moore and Parera never lived in the home, however, and Power and his wife, Annabella, purchased it the same year it was built.

Fenced and gated from the street, the classic two-story sits on more than an acre dotted with gardens and mature trees. Brick siding, thin columns and a half-moon portico are among character details. An ornate frontispiece creates visual interest above the front door.

Beyond the entry, some 5,600 square feet of living space includes a living room with a fireplace, a formal dining room, an enclosed lanai, seven bedrooms and seven bathrooms. The paneled den features an oval pub room. Two upstairs terraces take in city-to-ocean views.

A guesthouse and sprawling fields make up the grounds.

The Brentwood house is one of two Williams-designed homes owned by Power. In the late 1940s, Power commissioned the architect to design a residence in Bel-Air, according to the Paul R. Williams Project.

Power, who died in 1958 at 44, gained fame in 1936 with his breakout performance in “Lloyd’s of London” and by the late 1930s was the second-biggest male box office star, after Mickey Rooney. Known for his magnetic looks and charisma on screen, Power is remembered for his roles in “Jesse James” (1939), “The Mark of Zorro” (1940) and “The Razor’s Edge” (1946).

David Offer and Laurence Young of Berkshire Hathaway HomeServices California Properties hold the listing.

Padre to head east during offseason

San Diego Padres slugger Manny Machado has swung for the fences in the Sunshine State, shelling out $11.3 million for a waterfront mansion in Coral Gables, Fla.

It’s a massive sum, but only about half of the property’s original asking price of $22 million.

For Machado, a four-time All-Star, the purchase is more or less putting his new contract to good use. After playing out last season with the Dodgers, Machado inked a 10-year deal with the Padres earlier this year worth $300 million. At the time, it was the largest free-agent contract in the history of North American sports.

Claiming an acre in the gated community of Tahiti Beach, the property overlooks Biscayne Bay and has 121 feet of private frontage. The 8,300-square-foot home sits at the end of a sprawling field framed by palm trees.

Typical for luxury listings in the Miami area, the home is a sleek mix of tile floors, crisp white walls and glass — lots and lots of glass. Angled skylights brighten the chef’s kitchen, and floor-to-ceiling windows bring water views into nearly every room.

Six bedrooms and 7.5 bathrooms include a master suite with a rounded lounge, office and bathroom with a spa tub. A glass elevator navigates the three-story floor plan.

Outside, there’s a custom swimming pool with a triangular spa, waterfront lounges and a covered poolside patio.

Chad Carroll of Douglas Elliman held the listing. Yvette Rivero of Rockway Realty represented Machado.

A native of Miami, Machado spent seven seasons with the Orioles before helping lead the Dodgers to the World Series in 2018. Also talented with the glove, the 27-year-old has won two Gold Glove Awards manning third base.