What market slowdown? Only a month after putting his sumptuous Los Angeles estate up for sale, UTA’s CEO Jeremy Zimmer has already sold it for $26.9 million, the full asking price.
Zimmer bought the home nearly two decades ago, way back in 2004. At that time, the existing 1920s house had been taken down to the studs and freshly rebuilt by architect Steve Giannetti; in its current iteration, the East Coast traditional-style mansion offers six bedrooms and nine bathrooms spread across nearly 11,000 square feet of interior space.
Records indicate the spendy new owners are Sofia Richie and her fiancée Elliot Grainge, who recently sold their Bauhaus-inspired Beverly Hills home for nearly $22 million, or about $5 million more than they paid for the place barely one year ago.
The couple’s new home is sited in Brentwood Park, one of L.A.’s most expensive neighborhoods, and sprawls across a rare double lot that dwarfs most of its neighbors. The street-to-street property offers a “main” front entrance protected by gates, high hedges and towering trees, plus a discreet “back” entrance more suitable for staff or vendors. Out front, a wide walkway leads past grassy lawns to the house, which is partially covered by thick, flowering vines.
Inside, lustrous hardwood floors stained a deep brown are contrasted by white wainscoted walls and cream-colored area rugs. Zimmer’s somewhat eclectic art collection also provided the place with bright pops of color, and the double-height foyer is topped by a skylight, filtering in ample natural light.