An entity linked to the co-founder of buy-now-pay-later firm Afterpay, Nick Molnar, has bought an estate in Holmby Hills for $65 million, marking the most expensive residential sale across Los Angeles County this year, The Real Deal has learned.
Lapro Property Trust, based in Sydney, Australia, bought the home on North Faring Road, also known as the “Funny Girl” Estate, given it was built for legendary comedian Fanny Brice in 1938, according to property records. The trust was tied to Molnar after it sold a penthouse in Century City for $21 million in March 2023 to Rihanna.
James Harris and David Parnes of Carolwood Estates brokered the deal on behalf of the buyer and seller.
Molnar did not respond to a request for comment.
British pop singer Robbie Williams sold the 18,900-square-foot, seven-bedroom estate in an off-market deal. Williams bought the property for $49.5 million in March 2022, using a $32 million loan from JPMorgan, records show.
Last year, the building was put up for rent asking $220,000 a month, according to online listings, though by October the listings were removed.
The Georgian-style main house has three stories, with a grand spiral staircase, chef’s kitchen, and marble and stone fireplaces.
The sweeping 2-acre estate has no shortage of amenities: a garage for more than 15 cars, a sauna, fitness center, two guesthouses, a wine cellar, saltwater pool, koi pond and vegetable gardens, according to the 2022 listing for the property.
Given the property is in the city of Los Angeles, Lapro Property Trust coughed up almost $3.9 million in transfer taxes, under Measure ULA, which adds a 5.5 percent transfer tax on all residential and commercial sales of $10 million or more.
The transfer tax hasn’t scared off everyone from buying and selling. Last month, a spec home in the Bird Streets sold for $63 million, the second most expensive deal across L.A. County this year.
Lapro Property Trust also owns an estate less than a mile away in Bel-Air. In 2022, the trust bought a home on Copa De Oro Road from nightclub and hotel mogul Sam Nazarian for $34.8 million, records show.
The post Afterpay co-founder buys $65M mansion in priciest LA deal this year appeared first on The Real Deal.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
Uncategorized, celebrity sales, Luxury Real Estate Los Angeles – The Real DealRead More