Just a few short months after finalizing a $190 million contract with the Lakers, Anthony Davis has reinvested a substantial chunk of those earnings into a new Los Angeles home. The Real Deal first revealed that the Chicago native forked over an eye-popping sum for a huge estate in Bel Air Crest, a guard-gated community tucked into the mountains about halfway between Bel Air proper and the San Fernando Valley.
Developed in the late ’80s and ’90s, Bel Air Crest consists of roughly 200 homes, most of them hulking Mediterranean-style mansions set behind driveway gates of their own. Due to the enclave’s security features and semi-remote location, celebrities are known to roam the premises — other Bel Air Crest homeowners have included Gordon Ramsay, Kathy Griffin, and Kim Kardashian and Kanye West, who lived in the neighborhood while their Hidden Hills mega-compound was under construction.
As for Davis, his house was never on the market, but records reveal he paid exactly $31 million for the new digs, securing a $20.1 million mortgage in the process. That’s a huge amount of money, of course, and easily the most ever paid for a Bel Air Crest home, but the estate in question is also the largest and most lavish in the entire neighborhood, flaunting approximately 20,000 square feet of living space and set on a 3.5 acre promontory with jetliner views to the Pacific Ocean and Catalina Island.
Property records also show that the 8-bedroom, 9.5-bath house was completed in 2010 and built for the Changs, a local family. In 2016, the perfectly symmetrical structure — it’s perhaps best described as an vaguely International-style, European-influenced chateau fusion take on the White House — was sold for exactly $10 million to Ted Foxman, a retired semiconductor exec-turned-real estate developer. Foxman subsequently spent another fortune on renovations to the giant property; the interiors were extensively redone, as was the landscaping, which now feels far more lush and vibrant than before.