The California home of former HBO CEO Chris Albrecht and his wife, Tina Trahan, sold this week for $16.25 million.
The sale of the six-bedroom, nine-bathroom Pacific Palisades property was the third-priciest transaction in the Los Angeles neighborhood this year, according to Zillow records. There were multiple offers on the home, including one that came in after closing, according to listing agent Marcy Roth of Douglas Elliman.
“This is in a great location on a great lot,” said Ms. Roth, who shared the listing with Zac Mostame of the Agency. “It’s essentially brand new and has a nice backyard with a pool and a pool house. It’s what people are looking for.”
Ms. Trahan bought the white-brick home from the developers in 2017 for $16 million, according to property records. She and Mr. Albrecht, the former CEO of Starz and HBO, married in 2016. Neither immediately returned requests for comment.
Mr. Albrecht, 68, stepped down from his role at Starz in early 2019 after nearly a decade at its helm. Before that, he spent more than two decades at HBO, bringing in hits like “The Wire,” “Sex and the City” and “The Sopranos.”
The residence was first listed for $18 million in early 2020. It was removed from the market in March, as fears of Covid-19 caused economic shutdowns across the country. It was relisted for $16.9 million in January.
Located in the Riviera neighborhood of Pacific Palisades, the house boasts a “clean, open” layout, ocean views, an eat-in kitchen, a sitting area with a retractable wall that leads to the lawn, a gym, recreation room, wine cellar and bar, Ms. Roth said.
The home is set up for family living during a time of remote work and school, she added.
“There’s plenty of space for those who are doing a lot of living at home,” Ms. Roth explained.
Sandi Jacoby of Berkshire Hathaway Home Services represented the buyer, according to Elliman. Ms. Roth declined to comment on the identity of the buyer.
Article Source: Mansion Global