It’s Jackie Collins’ latest best-seller, but this deal isn’t for a pulpy romance novel.
The estate of the late author (and sister of Joan), who died last year of breast cancer at the age of 77, has sold off two adjacent homes in affluent Beverly Hills, Calif. for a whopping $30 million, reports the Wall Street Journal.
You could call it a starstruck two-for-one transaction. The sale includes the sprawling, approximately 20,000-square-foot mansion that Collins built in the early 1990s, as well as her unlisted neighboring 5,200-square-foot pad, which actor Al Pacino has rented for the past 10-or-so years. (The Journal notes Pacino will remain in that home for now.)
The real estate snoops at Variety peg the price for Collins’ mansion alone at $21 million. That’s hardly chump change, but it’s below the original $30 million ask when the listing debuted in February — and even less than its most recent $24.5 million sticker price.
The inclusion of Pacino’s home, which Collins reportedly bought in the early 1990s, appears to have added an extra $9 million.
Local real estate investor Ben Nehmadi — the founder of commercial real estate firm Republic Investment Company — was outed as the buyer. He snagged himself quite the deal.
Collins’ 20,000-square-foot spread fits eight bedrooms, 10 full bathrooms and five powder rooms. It also has a 100-foot-long art gallery that leads from the main part of the home to the secondary area, which has a 12-seat screening room, gym and a guest apartment. This pad also has an impressive courtyard with a pool and spa, the design of which reportedly takes cues from David Hockney’s famed “A Bigger Splash” painting.
Meanwhile, the smaller dwelling has six bedrooms, five bathrooms, pool and tennis court.
Brett Lawyer and Susan Smith of Hilton & Hyland repped this listing.