It was less than two years ago that music manager Scooter Braun, who helped rocket Justin Beiber and Ariana Grande into the stratosphere of global fame and immense fortune, and famously inflamed Taylor Swift’s legions of excitedly devoted fans when he bought and quickly sold the rights to her master recordings, paid $18 million in a off-market deal for John Travolta’s longtime estate in the Brentwood area of Los Angeles. Though the deal was done on the down low, it was not much of a surprise to celebrity property watchers that Travolta sold the estate since he’d been selling off much of his cross-country portfolio since shortly after his now late wife, Kelly Preston, was diagnosed with breast cancer.
Presumably Braun planned to incorporate Travolta’s old spread into the neighboring property, which he’s owned since October 2014, when he bought it for $13.1 million from high-powered showbiz exec Stacey Snider, co-founder of the independent film studio Sister.
However, since then, Braun’s seven-year marriage to mining heiress Yael Cohen went kaput. He filed for divorce in July and, of course, divorce has a way of changing even the best-laid real estate plans. With Cohen and the kids ensconced in the Brentwood mansion they bought in 2014 — Cohen’s parents, Canadian mining mogul David Cohen and his wife Diane, own the estate across the street, which they scooped up in 2018 for $12.5 million — Braun needed a new house in L.A. to call home. (Braun still owns a contemporary desert getaway that he picked up in 2017 for $8 million.)
So, in September, a couple months after their split became public, the newly minted bachelor shelled out $65 million for an ultra-modern mansion in Brentwood’s bucolic Mandeville Canyon, right about the same time he lucratively sold his beloved Montecito estate for $28 million, nearly three times the $10.9 million that was paid about seven years earlier. Now, no longer in need of Travolta’s old house, Braun has hoisted it back on the market asking $23.95 million, a ballsy 30% markup considering not a thing seems to have been touched besides some basic landscape maintenance.