That was quick! Barely a month after the snazzily contemporary structure first popped up for sale, the longtime 90210 home of media mogul Sumner Redstone has sold in a cash deal — and for $27 million, just $900,000 under the asking price. Located in the exclusive guard-gated community of North Beverly Park, where other homeowners include Denzel Washington, Sofia Vergara, Mark Wahlberg and Eddie Murphy, the unique property offers sprawling park-like grounds, a full-sized tennis court and one-of-a-kind infinity pool.
Records reveal the spendy buyer is Rufus Hankey, chairman of software developer Nowcom and an officer at the Hankey Group, the massive insurance/software/real estate/hard money lending conglomerate founded by his billionaire father Don Hankey. It’s perhaps not entirely surprising that the younger Hankey would be in the market for a lavish new home; the 47-year-old is recently divorced from former wife Amber, who herself recently dropped $10.3 million on a 90210 mansion.
Redstone, who died in 2020 at age 97, was majority owner and chairman of National Amusements, a private theater chain company, founded the second iteration of Viacom, and had holdings that included CBS; the Paramount film and television studio; the publisher Simon & Schuster; the video retail giant Blockbuster; and several cable channels, including MTV, Comedy Central and Nickelodeon — that were worth more than $80 billion at their peak, according to The New York Times.
The billionaire entrepreneur lived out the last decades of his life in this mansion, which was custom built in the 1980s by fashion designer Dorothy Schoelen and later owned by Sylvester Stallone, who sold it to Redstone in 2002 for $14.5 million.
Resting behind gates at the end of a quiet cul-de-sac, atop a coveted mountain rim, the house is one of only a handful of Beverly Park properties with truly sweeping city, canyon and mountain vistas; and the secluded abode holds five en-suite bedrooms and nine bathrooms across 15,000-plus square feet of living space rife with floor-to-ceiling walls of glass and soaring ceilings.