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Beverly Hills Trophy Property Sells To E-Commerce Heiress For $13.8 Million

Billionaire filmmaker and artwork collector Katharina Otto-Bernstein has expanded her multimillion-dollar assets portfolio, buying a Midcentury Modern-day-design and style trophy property in Beverly Hills.

A real estate entity linked to the Otto Group fortune heiress—Otto Team is the e-commerce juggernaut that involves the effectively-identified decor chain Crate & Barrel—recently purchased the roughly 6,500-sq.-foot residence in an all-income offer for $13.8 million, according to true estate sources familiar with the deal.

Set in the extremely-affluent enclave of Trousdale Estates, the 4-bed room home was constructed in 1966 but recently acquired sweeping renovations to meet up with modern day preferences.

Midcentury trademarks, however, can nonetheless be viewed all over the house, like walls of movable glass, outsized residing areas and a solitary-tale format.

An array of stand-by itself and wooden facade partitions will maybe develop into the placing for some of Otto-Bernstein’s renowned artwork selection, which features works by Cézanne, Picasso and Grosz.

Connected to the rounded official eating place is an remarkable glass wine closet.

A motif of sleek traces and wood grains run in the course of the residence, viewed in the overlay kitchen cabinetry, gray faux-wooden wallpaper and vertical shelving driving a mirrored soaked bar.

Other highlights incorporate a cozy film theatre, a principal bed room with dual closets and twin loos and a research with floor-to-ceiling crafted-ins.

Grassy patches cleanly define the home’s backyard areas, such as a hearth pit, spa and swimming pool with a working waterfall.

The Emmy-nominated producer of HBO’s Mapplethorpe: Glimpse at the Images at present sits at amount 778 on the Forbes’ Authentic Time Billionaires listing with a noted web truly worth of $3.8 billion. She is now a member of the board of administrators of the Metropolitan Opera as nicely as the International Council of the Guggenheim Museum.

The listing was held by the late Jeff Hyland, co-founder of Beverly Hills-based mostly Hilton & Hyland.

Hilton & Hyland is an exclusive member of Forbes World Qualities, a shopper marketplace and membership community of elite brokerages providing the world’s most luxurious residences.