Real Estate Industry News

“The Real Housewives of Beverly Hills” star Sutton Stracke just bought in Bel-Air, shelling out $5.35 million for the former home of late Lakers owner Jerry Buss, The Times has confirmed.

Records show that’s about seven times more than the $775,000 Buss sold the home for back in 1984. In March, it surfaced for sale for the first time in 35 years.

Built in 1938, the Georgian-style haunt sits on a double lot. Grassy lawns and tiered gardens touch up the grounds, surrounding a swimming pool and tennis court.

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Black shutters offset the white façade, and inside, hardwood floors line 4,400 square feet of formal living spaces. Curves pop up throughout the floor plan, including in the foyer with a sweeping staircase and in the two-story great room with a rounded piano nook.

Elsewhere are four bedrooms, 5.5 bathrooms, a formal dining room, tile kitchen and family room with a bar and brick fireplace.

A balcony lines the front of the home, and out back, a flagstone patio wraps around the swimming pool. The property covers just over an acre.

Buss, who died in 2013 at age 80, was a businessman and real estate mogul who took the Lakers to new heights under his tenure, bringing in legendary players such as Kareem Abdul-Jabbar, Magic Johnson, Shaquille O’Neal and Kobe Bryant. For his contributions to the game, Buss was elected into the Naismith Memorial Basketball Hall of Fame in 2010.

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Anthony Marguleas of Amalfi Estates held the listing. Michael Mahoney of Keller Williams Beverly Hills represented the buyer.