Last week, Patrick Schwarzenegger sold his West Hollywood starter cottage to top Merrill Lynch advisor Nazie Saffari Moini for $3.2 million, about $300,000 more than he paid for the place in 2018. So it’s no surprise the 27-year-old Hollywood scion-turned-up-and-coming investor has already moved on to bigger and better things, shelling out $4.4 million for a lavish house that lies just a block outside the WeHo city limits, in a centrally-located neighborhood of Los Angeles known as Beverly Grove.
Built new last year by a developer and initially offered at nearly $4.6 million, the redwood-sided modern farmhouse stands two stories tall and spans nearly 5,400 square feet with five bedrooms and 5.5 baths. Inside, the place goes for all the decorative wows with honey-colored hardwood paneled walls and matched hardwood floors, plus a living room with a statement floor-to-ceiling black marble fireplace with thin white veins cascading across its fascia.
Beyond the living room are a formal dining room and a staircase that delicately curves up a paneled wall; at the rear of the main floor is an open-plan living area with a bespoke chef’s kitchen with a black-and-white marble backsplash and designer appliances. There’s also a large family room with its own marble wet bar and a glass Fleetwood sliding door that opens to the compact backyard. Elsewhere on the main floor are a movie theater, a stylish powder room with its own marble sink, and a guest/staff bedroom.
Four more bedrooms lie upstairs, all of them with ensuite baths and custom closets. The master sports a linear fireplace set into a floor-to-ceiling marble surround, and other amenities include a private covered balcony and a marble-slathered master bath with an enormous shower that can easily accommodate multiple humans. The master closet also features bespoke glass-fronted cabinetry, plus a dressing area to rival any luxury boutique.
Like many other properties in the tightly-packed Beverly Park neighborhood, Schwarzenegger’s 6,550-square-foot lot isn’t particularly big. But that’s good for maintenance costs — beyond some tall hedges surrounding the perimeter, there’s really no landscaping, just some small patches of faux grass front and rear. The wee backyard also includes a concrete patio surrounding a plunge pool with inset spa.
Besides these stylish new digs, Schwarzenegger still owns another property elsewhere in the L.A. area, this one a vacant lot in prime Santa Monica. The USC grad paid just under $3 million for the lot in 2019; it’s now back on the market with an asking price just under $3.9 million. Per the listing, plans and permits for an East Coast traditional-style estate will be included with the transfer to the property’s next owner.