A Home Fit For A (Saudi) Prince Is Just One Palatial LA Pad For Sale

Share this Post!
9434 Cherokee Lane-6

When you’re the Saudi Royal family you can afford to have a 14-acre Beverly Hills estate sit vacant for while. But even the opulently wealthy know when it’s time to sell. After all, a listing price of $110 million is enough to get anyone’s attention, even billionaires’. The 35,000 square foot of interior space at 9434 Cherokee Lane comes with a pool, tennis court, and much manicured outdoor space including tree-lined promenades.

“This trophy compound sits beautifully on a 14-acre knoll with views spanning from the city to the ocean and there are very few of these left,” said Jeff Hyland of Hilton & Hyland, who listed the estate. “Additionally, this is the first time it has been on the market.”

Its not all old-school glamor, either. The formal entrance, according to The Wall St Journal,  comes with a retractable roof offsetting the eye catching courtyard entrance and water feature.

9434 Cherokee Lane-9

Courtesy: Hilton & Hyland

“Because the original design was so impeccably executed, the home was only partially staged, resulting in a timeless elegance,” said Hyland. “Very little preparation was needed to make it camera ready.”

The property is deeded under the name of Canessa Investments, a NV business entity connected to the late Saudi Prince Saud al-Faisal, a Princeton alum, who died in 2015, and his wife, Princess Johara bin Faisal, according to property records and filings. The Prince served as the Saudi Foreign Minister from 1975 to 2015.

The compound’s asking price is keeping in step with comps in the area. The neighboring property, Palazzo di Amore, is owned by billionaire real estate investor Jeff Greene, who is asking $129 million for his palatial spread — down from $195 million when first listed.

The Saudi/al Faisal affiliated spread has come down in price too. The Journal says it was unofficially touted by Douglas Elliman’s Josh and Matt Altman who reportedly talked of a $145 price tag.

However, both these listings pale in comparison to the $350 million estate of the late media mogul Jerry Perenchio and an under construction $500 million mansion compound by Nile Niami, both of which are not not currently listed.

Still, nosing ahead Jeff Green’s property, by a mere $5 million is The Manor, which is priced at $200 million (gulp). It’s a 56,000 square foot mansion located at 594 S. Mapleton Drive, in the Holmby Hills, with 123 rooms and was built by TV producers Aaron and Candy Spelling. The current owner is Petra Ecclestone, daughter of Bernie, the Formula One racing mogul who purchased the property for $85 million cash in 2011. That’s a potential profit of over $100 million in 7 years. Not a bad ROI.

Malibu was once a laid-back hippy beach town, which was all about being one with nature. The aptly titled 6962 Wildlife Road is a 4-acre property, which stays true to the former vibe of its locale. Once owned by talk show king, Johnny Carson, the Ed Niles-designed main residence contains an arboretum, a fully grown tree in the living room and also has a guest house along with views of Little Dume Beach. Add a koi pond and along with the obligatory gym and tennis court and its a California vacation escape.

If Carson’s old place represents old-school Hollywood then a recently completed 28,000-square-foot Beverly Hills Mansion at 901 N. Alpine Drive, is definitely brand new. With no previous owners, the 11-bedroom, 18-bathroom French Chateau style residence also has an elevator, 11 fireplaces, a three bedroom guest house and a motorcourt that can hold up to 40 cars when extreme partying is called for.  There’s enough wood, marble, chandeliers and ornate mantels to never forget where you are entirely. It’s currently listed for $80 million.

“Buyers are attracted from all over the world to Los Angeles and to this type of estate for several reasons which are never changing: extreme privacy, breathtaking vistas, stunning architecture and always-perfect weather,” said Hyland.

Related post