After First Listing at $75 Million, a Beverly Hills Mansion Sells for $40 Million to the Neighbors

After First Listing at $75 Million, a Beverly Hills Mansion Sells for $40 Million to the Neighbors

  • Dirt
  • 01/10/23

More than three years after it popped up for sale with a whopping $75 million ask, an extravagant Beverly Hills residence marketed as “The Glazer Estate” has officially traded hands for the heavily slashed yet still pricey sum of $40 million.

Both property records and The Real Deal, which first reported the transaction, reveal the buyer is Shirin Akhtarzad and her husband Kourosh Akhtarzad — both socialites about town, who happen to own and reside in an equally posh property just a few doors away. The Akhtarzad family, originally from Iran, is a major owner of L.A. commercial real estate.

When combined with their $21.6 million estate on the same street, this purchase gives the Akhtarzads just under 3 acres of land in prime Beverly Hills, just north of Sunset Boulevard, plus two homes — one an extravagantly restored 1920s Italian-style villa, and the other described as a “world-class modern” — with a total of 13 bedrooms, 23 baths and more than 40,000 square feet of living space between them. They also now own three pools, two nestled outdoors and one of the indoor lap variety.

The $40 million Glazer Estate was built by the late Guilford Glazer — perhaps best known as the developer behind Del Amo Fashion Center in Torrance, at one time the country’s largest mall — who died in 2014. Glazer and his wife Diane, who passed away in 2019, acquired the land and then custom-built the mansion, which was completed in 1995. Before that, the site was occupied by the longtime home of the late entertainer Dean Martin and his second wife Jeanne.

Hidden away behind a lengthy gated driveway, the three-level concrete structure rests amid park-like grounds laced with manicured lawns, manmade ponds, waterfalls and a 98-foot swimming pool. Inside, six bedrooms and 15 baths are spread across almost 27,500 square feet boasting teak doors and windows, high ceilings and built-ins throughout, as well as an elevator.

Especially standing out is a soaring atrium-style foyer that opens into a formal living room and a pair of dining rooms — one a grand formal affair and the other a glass-encased junior option. Other highlights include a ballroom and “water lounge” surrounded by ponds, along with a sumptuous master retreat outfitted with dual closets and baths.

The listing was held by Drew Fenton of Carolwood Estates.


Story courtesy of Dirt


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