Denim magnate Maurice Marciano goes down $37.5 million on Beverly Hills manor

Maurice Marciano, the designer best understood for co-founding garments brand name Presume Inc. with his siblings in the 1980s, simply paid out $37.5 million for a freshly redesigned manor in Beverly Hills– among the most costly offers the city has actually seen until now this year.

Records reveal he purchased the residence via his restricted responsibility business, Beverly Financial Holdings. It’s much less than a mile far from his old area, a Paul McClean-designed residence in Trousdale Estates that he’s presently searching for $27.5 million.

The vendor is property representative Fred Bernstein of Westside Estate Company, that functioned as a programmer and also purchased the building for $12.25 million in 2016 from Megan Ellison, the movie manufacturer and also little girl of billionaire Larry Ellison. Detailing pictures reveal that Bernstein protected the residence’s initial design while including 3,000 square feet in the years given that.

Completed this year, the single-story house is a modern mixture of sedimentary rock, marble, oak, steel and also glass. 5 bed rooms and also 8 shower rooms are spread out throughout 9,300 square feet. Emphasizes consist of a collection, fitness center and also media space.

A drifting access comes close to the residence, introducing a large open layout covered by timber ceilings and also tilted skylights. Taking doors open up out back, where patio areas and also grass border a pool and also health club. The premises cover simply under an acre.

According to the Numerous Listing Solution, the sale formally shut at $35.5 million with extra home furnishings including $2 million, bringing the price-per-square-foot to $4,032. That’s Beverly Hills’ highest possible rate per square foot given that last April, when Ellen DeGeneres unloaded her 10,376-square-foot manor for $47 million– or $4,530 per square foot.

The massive sale is a pick-me-up for Beverly Hills, which has actually seen its common slate of $20-million sales in 2022 however hasn’t fairly got to the incredible amounts of its next-door neighbors such as Bel-Air or Beverly Park.

Bernstein and also Ethan Peskowitz, both with Westside Estate Company, held the listing. Kurt Rappaport, additionally with Westside, stood for Marciano.

A normal in property headings, Marciano last made waves in 2015 when he marketed his Bel-Air mega-mansion to gambling establishment magnate Steve Wynn for $47.85 million. Wynn is presently going for $100 million for the treasured building

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