Celeb R.E.: Kourtney Kardashian Lists Calabasas Home and Purchases Keyshawn Johnson's Calabasas Home

Celeb R.E.: Kourtney Kardashian Lists Calabasas Home and Purchases Keyshawn Johnson's Calabasas Home

Wednesday, January 29, 2014 / No Comments

[Update May 11, 2014]: This home sold for $2.975 million on March 25, 2014. 

[Original Post]:

Images courtesy Ewing & Associates Sotheby's International Reality

I am about 11 days late (January 17, 2014) this rumor but got to post it anyway because everyone and their mom is talking about it so cant be left out even though I dont understand how the Kardashian clan is still popular and relevant in pop culture. The news officially broke out by Domainehome.com which revealed that Kourtney Kardashian has decided to list her Calabasas mansion after interior designer, Jeff Andrews, finished decorating this fall. 

The home measures 4 Beds/4.5 Baths on 5,400 sqft on a total lot size of 0.52 acres built in 2004 in the exclusive guard-gated Oaks of Calabasas. The home was first listed on January 22, 2014 for $3,499,000 with the following listing description:

East Coast traditional view estate within the prestigious guard-gated Oaks of Calabasas. Dramatically re-imagined by celebrity interior designer Jeff Andrews, and recently featured in several design publications, the home affords approx. 5400 Sq. Ft. The open floor plan provides an entry breezeway and courtyard with detached office/library including built-in book cases and fireplace. The breathtaking formal living room is enhanced by vaulted ceilings. Formal dining room offers wine storage and overlooks the city views. The gourmet kitchen is equipped with all Wolf appliances, 4 dishwasher drawers, cappuccino maker and opens up to the spacious breakfast area and family room. An upstairs bonus room with built-ins services the 3 meticulously detailed secondary bedroom suites. The master bedroom wing features a large sitting area with built-in desk, balcony over looking views, 2 walk in closets, and a spa like bath sheathed in designer marble accents. Rear grounds have a pool, spa, and covered loggia all showcasing the jetliner city views beyond.

Kardashian originally purchased this home on December 3, 2010 for $1.7 million which if sold at today's asking price, translates into a massive gain of $1,799,000 (before any expenses) for barely three years of living in the home. Let's see how long it takes and at what price point for this home to sell. 

Above images courtesy Prudential California Realty

Kardashian indicated to Domainehome.com that the reason for the listing is to move on and try a new project. Lo and behold a couple of days later and Eonline.com reported that Kardashian was purchasing former NFL star Keyshawn Johnson's 6 Bed/7.75 bath on 11,746 sqft on a total lot size of 1.86 acres mansion (shown above) also in the Oaks of Calabasas for an unknown price which should make moving easier. Johnson has been trying to sell this property since 2011 when it first popped up for $11,995,000 and was removed from the MLS on December 31, 2013 with a list price of $8,495,000. Once the sale price is published, this post will be updated with the latest news. In the meantime, you can view more listing pictures and details regarding Keyshawn Johnson's Calabasas mansion here. 

And for a history lesson, Kardashian lived in a smaller Calabasas prior to the purchase of the home mentioned in this post. She purchased the home for $829,000 on July 28, 2006 and sold on July 1, 2010 for $700,000 taking a $129,000 loss. The home measures 3 Beds/2.5 Baths on 2,245 sqft on a total lot size of 6,516 sqft built in 1987 (pictures shown below). You can also view the matriarch Kardashian home here and sister Khloe's home in Tarzana which was recently purchased by Big Bang Theory star Kelly Cuoco here. 

Images courtesy Prudential California Realty

The Calabasas area is home to many celebrities, athletes, and famous execs as discussed in this blog listed below:

1. Former NFL Star Marvel Smith Lists for close to $400K loss on November 12, 2013. 
2. Former Baseball Super Agent Dennis Gilbert lists home for $5,985,000 in May 2013. 
3. Mexican DJ "El Piolin" Eddie Sotelo Re-lists Calabasas mansion for $7,275,000.
4. Will Smith and Jada Pinkett rumors of pocket listing of Calabasas compound for $42 million in August 2013.
5. Marla Maples of Donald Trump fame sold Calabasas home for $2.2 million in July 2013. 
6. David Hasselhoff moves from Encino to Calabasas paying $1.95 million on May 15, 2013. 
7. Former NBA star, Mitch Richmond, listed his mansion for sale on April 29, 2013 for $9,495,000.
8. Former NFL star Keyshawn Johnson listed his mansion for sale on December 3, 2012 for $10,500,000.
9. The late Eazy-E's wife, Tomica Woods-Wright, home was recently foreclosed on May 11, 2012 and later sold for $2 million on November 27, 2012. 
10. Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million. 
11. El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced price of $6.8 million. 
12. The former Britney Spears rental was sold for $5.4 million on October 19, 2012.
13. Baseball great Eric Davis home was sold as a short sale on May 4, 2012 for $1.8 million.
14. Joey Lawrence purchased on December 13, 2011 for $1,442,500.
15. NBA star Bryon Russell's home was foreclosed and later sold for $1,560,000.
16. Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker,  James Wilson's massive ranch, Candi Milo (former), Joel Diamond, and Brad Wilk of Rage Against the Machine to name a few.  

You can view more SFV celebrity real estate here.

Celebrity R.E.: Former NBA Star, Mitch Richmond, Lists Calabasas Mansion

Celebrity R.E.: Former NBA Star, Mitch Richmond, Lists Calabasas Mansion

Friday, May 3, 2013 / No Comments

Above images courtesy Re/Max Olson & Associates, Inc

As first reported by the always hilarious Your Mama at the Realestalker and then the always informative Lauren Beale at LA Times Hot Property, and now this blog, retired NBA shooting guard, Mitch Richmond, has just listed his Calabasas mansion for $9,495,000 on April 29, 2013. This home is located in the exclusives Estates of the Oaks which is home to many celebrities some of which is discussed at the bottom of this post. 

For those who dont follow the NBA, Mitch Richmond was drafted in 1988 by the Golden State Warriors and later won the NBA Rookie of the Year award. He was the 'M' of "Run TMC" with the other first name initials belonging to Tim Hardaway and Chris Mullin that was part of head coach Don Nelson's fast-paced offense that was exciting to watch. He was eventually traded to the Sacramento Kings, Washington Wizards, and the Los Angeles Lakers. While on the Lakers, he won an NBA championship playing off the bench averaging 4 points per game and a total of 4 minutes in the postseason. He was also a 6x NBA All-Star, and an All-Star Game MVP in 1995. Richmond also served his country by winning bronze on the 1988 U.S. Mens National Basketball team that played in the South Korea Summer Olympics. Richmond was also chosen again for the U.S. team in the 1996 Summer Olympics in Atlanta winning a gold medal. 

The other half of the Mitch Richmond family is Juliannah "Juli" Richmond who has been married to Mitch for 17+ years. She appeared on Season 2 of VH1's reality show, Basketball Wives, starring alongside Kimberli Russell, wife of former NBA star Bryon Russell, who lost their Calabasas mansion to foreclosure discussed on this blog. Juli isnt your typical basketball wife as she is heavily involved in raising kids, supporting charities, and a home decorator. You can read more about her in this interview. 

And now onto the more interesting stuff like their massive estate.

The home measures 6 Beds/8 Baths on 12,953 sqft on a total lot size of 2.28 acres built in 2006.  The listing description states:

Spectacular world class Mediterranean ideally located in the prestigious guard gated Estates of the Oaks! Located behind the second gates is this striking single level showplace on approx. 2.25 acres! Boasting unobstructed mountain and canyon views, this property provides unparalleled privacy and quality in a truly sensational setting. Spanning nearly 13,000 square feet this grand estate provides every room dreamed of. Sports bar, game room, state of the art theater, office/library, wine cellar and tasting room, beauty salon, meditation/yoga, children's homework room and an awesome gym with steam and sauna can all be found here. Interior appointments include stone and wood floors, two story dramatic wood beamed ceilings, true gourmet kitchen and an awe inspiring master suite. This is truly an amazing house built in grand scale! The grounds are second to none! Huge pool with slide and water features, full court basketball, barbecue center, covered patios, fireplace, separate fire pit and massive manicured lawns all with unobstructed views!! among the homes other attributes are a five car garage, controlled sound system, 5 fireplaces, video security cameras and much more! This is an important estate with a tremendous location!

Property records reveal that this home was purchased  on July 13, 2004 for $1.7 million which most likely means this was a land purchased with the Richmond's custom building a home probably spending another $1 - 2 million which means that they are somewhere in the neighborhood of $3 million invested into this property. If this home were to sell at today's asking price, the Richmonds would profit roughly $6,495,000 before taxes, commissions, carrying costs, and any renovation costs beyond what was estimated for the construction of this home. 

The Richmonds are no strangers to the SFV and in particular Calabasas as I will discuss below.

Image courtesy Google Maps

While the home featured in this post was being constructed, the Richmonds lived in a 4 Bed/4 Bath on 4,472 sqft home built in 2004 (shown above) for $1,625,000 and later sold for $1,975,000 on February 13, 2007 earning a profit of $350K before you know what which appears to be after the featured home in this post was built. 

Image courtesy Google Maps

Prior to the featured home in this post, the Richmonds lived in a 4 Bed/6 Bath on 8,435 sqft home built in 1997 (shown above) that was purchased on August 17, 2001 for $2,650,000 located in the Mountain View estates of Calabasas (same gated community where Eric Davis short sold, Eazy-E's playhouse was located, Jerry Heller still lives there, and where Bryon and Kimberli Russell's house was foreclosed). 

Surprisingly or not, this home was previously owned by NFL star Keyshawn Johnson  who coincidentally is also currently selling an Oaks Calabasas home literally 0.14 miles down the street at the reduced price of $8,895,000 (I somehow missed this Calabasas home when writing up that post). Is that a coincidence or some coordinated effort to bail out of the Oaks? Good luck to whoever sells first.

This home was purchased by a non-celebrity couple for $3.4 million on October 19, 2004 giving the Richmonds a $750K gain before you know what. The non-celebrity couple later ended up selling on August 3, 2007 before the market crashed for $4.7 million earning a $1.3 million gain before you know what to NBA assist machine (3rd all-time) to Mark Jackson and wife Desiree Jackson.

One random note, Jackson, was involved in an extortion scandal in 2012 for an extramarital affair and nude photos taken in 2006. Jackson went to the FBI to handle this drama after he personally tried to squash it using cash to keep a stripper and an accomplice quiet. Oh and by the way, Jackson and his wife are pastors at True Love Worship Center International in Van Nuys. Jackson is currently the head coach for the Golden State Warriors who currently employs Mitch Richmond as a scout. Its definitely a small and connected world. 

Mitch Richmond was born in Fort Lauderdale, Florida where he currently still owns a home and most recently sold another. Lets start with the recently sold home. 

Image courtesy Zillow

The home shown above is located in Plantation, Florida which measures 5 Beds/5 Baths on 6,393 sqft built in 1999 and purchased by the Richmonds on August 27, 1999 for $675K and sold on March 6, 2013 for $850K representing a $175K gain. 

Image courtesy Google Maps

The other home is currently owned by the Richmonds possibly used by his parents or other family members which is also located in Plantation, Florida. The home measures 4 Beds/2 Baths on 2,997 sqft on a total lot size of 12,978 sqft built in 1989 which was last purchased on October 1989 for $210,800. 

The Richmonds possibly lived in other cities while Mitch played for other teams in his NBA career including Granite Bay, CA, Potomac, MD, Delray Beach, FL, Alameda, CA, and Hollywood, FL. This is all pure speculation which I will not be further investigating as I have exhausted this post already.

So the question becomes, where are the Richmond's headed off to after living in Calabasas for more than a decade? Are they downsizing to another Calabasas home? 

The Calabasas area is home to many celebrities, athletes, and famous execs as listed below:

1. Former NFL star Keyshawn Johnson listed his mansion for sale on December 3, 2012 for $10,500,000.
2. The late Eazy-E's wife, Tomica Woods-Wright, home was recently foreclosed on May 11, 2012 and later sold for $2 million on November 27, 2012. 
3. Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million. 
4. El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced price of $6.8 million. 
5. The former Britney Spears rental was sold for $5.4 million on October 19, 2012.
6. Baseball great Eric Davis home was sold as a short sale on May 4, 2012 for $1.8 million.
7. Joey Lawrence purchased on December 13, 2011 for $1,442,500.
8. NBA star Bryon Russell's home was foreclosed and later sold for $1,560,000.
9. Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker,  James Wilson's massive ranch, Candi Milo (former), Joel Diamond, and Brad Wilk of Rage Against the Machine to name a few.  

You can view more SFV celebrity real estate here.

Celebrity Real Estate: Former NFL Star Keyshawn Johnson Unloading Calabasas Crib

Celebrity Real Estate: Former NFL Star Keyshawn Johnson Unloading Calabasas Crib

Wednesday, February 6, 2013 / No Comments

[Update January 29, 2014]: Kourtney Kardashian sold her Calabasas home and purchased the Calabasas home of Keyshawn Johnson also in January 2014 discussed here. 

[Original Post]:

Above images courtesy Prudential California Realty

Back on January 31, 2013, the always hilarious Your Mama at the Realestalker broke news of the re-listed home of former NFL star Keyshawn Johnson in Calabasas. 

Keyshawn Johnson (full name is Joseph Keyshawn Johnson) was born in Los Angeles and attended Susan Miller Dorsey High School. He later attended USC in 1994 and 1995 and led the team to victories in the 1995 Cotton Bowl Classic and 1996 Rose Bowl. Keyshawn entered the NFL in 1996 playing for the New York Jets, Tampa Bay Buccaneers, Dallas Cowboys, and Carolina Panthers retiring in 2007. Keyshawn went out to become an ESPN analyst for Sunday NFL Countdown and Monday Night Countdown.

The home was first listed on December 3, 2012 for $10,500,000 which measures 6 Beds/7.75 Baths on 11,746 sqft on a total lot size of 1.86 acres built in 2011. The listing description states:

SPECTACULAR, NEWER CUSTOM ESTATE LOCATED AT THE TOP OF THE ESTATES AT THE OAKS, ON A HUGE, LUSHLY LANDSCAPED 1.86 ACRE LOT OFFERING PANORAMIC PASTORAL VIEWS, SUPERB QUALITY, AND WONDERFUL PRIVACY! DESIGNED BY RENOWNED ARCHITECT RICHARD LANDRY, FEATURES INCLUDE A BEAUTIFUL CHEF'S KITCHEN WITH DUAL ISLANDS, ADJOINING FAMILY ROOM, BIG MEDIA/GAME ROOM, THEATRE/MULTI-PURPOSE ROOM, STUDY, BONUS ROOM, SPA ROOM, AND MORE. FINISHES INCLUDE STEEL FRAMED WINDOWS AND DOORS, OPENING WALLS OF GLASS, STONE & HARDWOOD FLOORS, IRON & GLASS DOORS, OPEN BEAM CELINGS, ELEVATOR, SAUNA, AND HOUSE SOUND SYSTEM. THE GROUNDS INCLUDE A GATED COURTYARD ENTRY, GATED DRIVEWAY LEADING TO GARAGES FOR 4-CARS PLUS ADDITONAL OFF STREET PARKING, COVERED PATIOS WITH OUTDOOR FIREPLACE, CABANA/GAZEBO, SUNKEN BASKETBALL/SPORTS COURT, POOL, SPA, FRUIT & SHADE TREES, BBQ CENTER, STONE WALKWAYS, AND EXPANSIVE ROLLING LAWNS. NOTHING ELSE LIKE THIS ON THE MARKET!

This isnt the first time Keyshawn has listed this home when he first attempted to unload back on March 11, 2011 for $11,995,000 which was reduced to $10,995,000 on September 22, 2011, and then reduced again on November 5, 2011 for $9.5 million which brings us to the current listing price of $10,500,000. Anyone want to guess on the final selling price?

According to the property records, it appears the Keyshawn acquired this property back on August 31, 2004 for an unknown amount. Based on the build year of 2011, this means Keyshawn hung onto the property as land since 2004 and possibly started constructing his mansion sometime in 2009? This seems odd to me but what do I know. 

Image courtesy Bing Maps

In addition to the Calabasas home mentioned above, Keyshawn currently owns a Tarzana home measuring 7 Beds/8 Baths on 6,549 sqft on 0.70 acres built in 1995. This home was purchased  on December 26, 1996 for $1,143,000 which is located in the guard gated community of Mulholland Park which also has other famous residents like Chris Lord-Alge, Chris Tucker, and Kloe Kardashian/Lamar Odom.

I am not sure why Keyshawn is selling this home. Its possible he is moving up onto a bigger home or this was simply a real estate flip for his business/real estate firm, First Picks Management based in Thousand Oaks. Whatever the situation, we wish Keyshawn Johnson the best of luck with the highest listed price in the city of Calabasas at the time of writing this post.

The Calabasas area is home to many celebrities, athletes, and famous execs as listed below:

1. The late Eazy-E's wife, Tomica Woods-Wright, home was recently foreclosed on May 11, 2012 and later sold for $2 million on November 27, 2012. 
2. Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million. 
3. El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced price of $6.8 million. 
4. The former Britney Spears rental was sold for $5.4 million on October 19, 2012.
5. Baseball great Eric Davis home was sold as a short sale on May 4, 2012 for $1.8 million.
6. Joey Lawrence purchased on December 13, 2011 for $1,442,500.
7. NBA star Bryon Russell's home was foreclosed and later sold for $1,560,000.
8. Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker,  James Wilson's massive ranch, Candi Milo (former), Joel Diamond, and Brad Wilk of Rage Against the Machine to name a few. 

You can view more SFV celebrity real estate here.