The lavish Holmby Hills estate of the late Paramount CEO, Brad Grey is on the market, seeking $77.5 million.
Grey died of cancer at the age of 59 in 2017, only months after stepping down from his post at the renowned Hollywood studio.He finished building the main, 5-bedroom residence almost two years ago.
The Grey Estate sprawls on over 2 acres behind steel-framed wooden gates on the exclusive Carolwood Drive. It is a modern masterpiece, brought to life by famed architect Howard Backen, who seamlessly combined contemporary design with natural finishes to allow for an easy transition between interior and exterior.
"There is no finer location in the Beverly Hills/West Los Angeles estate marketplace than Carolwood Drive," said Joyce Rey, broker with Coldwell Banker Global Luxury, who has shown Grey's property to clients. "I met Howard Backen on one of his trips to Southern California and I have always been a huge fan of his architecture, which optimizes the casual California lifestyle."
The heart of the main house resides in the open, barn-like great living room, which flows to the kitchen and dining quarters as well as to the family room, where an elongated fireplace commands attention.
The second floor, accessible by a dark wooden elevator, accommodates the opulent master suite, which affords spectacular vistas of Century City. Four other bedrooms occupy the guest wing of the residence.
The main house also boasts a den with a bar, a studio-quality theater and a private office. A separate structure features a gym, steam room, sauna and a Pilates studio.
Envisioned by British landscape architect, Miranda Brooks, the outdoors present a private world of lush vegetation, sensuous patios and a large swimming pool that capture the relaxed California lifestyle.
Its architectural and design splendor aside, the property also harbors a sliver of Hollywood history. In the 1940s, singer Frank Sinatra lived here with his first wife and children. Their house, however, no longer stands, as Grey and his wife Cassandra, founder of beauty brand, Violet Grey, razed it shortly after listing the mansion for $23.5 million in 2011. After another bout on the market, they decided to instead build the current residence. The Greys have owned the estate since 2010, when they purchased it for $18.5 million.
The Grey Estate is co-listed by Linda May of Hilton & Hyland and Stephen Shapiro of Westside Estate Agency.
Photos credit: Simon Berlyn
Updated on Feb. 23 to include Joyce Rey's comment about the property.
