Tim Disney spends big on Kristen Wiig’s Silver Lake stunner

A few days ago, our Mama at Variety reported that critically-lauded actress/comedian/writer Kristen Wiig (Bridesmaids, Saturday Night Live) sold her redone Silver Lake shanty for $5,225,000, or a hefty $100,000 more than the asking price.

For those of y’all unfamiliar with the neighborhood, $5.2 million is a huge number for LA’s Eastside. It’s more than double what any other home in hipster-approved Silver Lake has fetched in the last three years. Moreover, it’s easily the second-biggest sale on record in the area, behind only the $8.55 million that the iconic — and far larger — Silvertop estate by John Lautner brought back in 2014. (FYI, Silvertop happens to be right next door to the just-sold Wiig digs).

Naturally nosy ol’ Yolanda wanted to know who the big-bucks buyer was. Well, the property was technically sold to a trust (as y’all might expect), but we managed to ferret out the new owner’s identity. He’s a guy named Tim Disney.

57-year-old Mr. Disney was born into vast wealth. Yes, kids, we’re talking those Disneys. Tim is a grand-nephew of Walt Disney, founder of the whole shebang, and a grandson of Roy O. Disney, Walt’s older brother and business partner. He’s also a son of the late billionaire Roy E. Disney, the last Disney family member to be actively involved with the company.

As for Tim, he has made a name for himself in Hollywood as a prolific independent filmmaker — he’s a screenwriter, director, and executive producer all in one. His specialty seems to be interesting documentaries, but he’s also got dramas like A Question of Faith and American Violet in his repertoire.

Tim & Neda Disney (photo: KCRW Donor Events)

Now married to his second wife Neda, with whom he has a young daughter, Mr. Disney also has a teenage son — Ciaran Disney — with his first wife, Star Trek actress Martha Hackett.

In addition to his film interests, our boy clearly has a thing for houses, too. Particularly places with interesting or unusual architecture. More on that in a little bit — first, here’s a peek at his new pad.

Designed by relatively unknown mid-century modern architect Albert P. Martin, the house was built in 1954 as his personal residence. Records show that Ms. Wiig scooped up the 0.4-acre hillside property in 2014 for just $1,700,000, after which she hired Taalman Architecture and The Archers to transform the dated abode into a stylish casa fit for a modern lifestyle.

The decidedly retro result spans approximately 2,500-square-feet of living space with 3 beds and 2.5 baths in the main house.

From the street-level two-car garage, it’s a booty-bustin’ steep climb up a long series of stairs to reach the home’s front door. Watch your step if you’ve got arms full of groceries. (Kinda reminds us of that legendary Laurel & Hardy skit, but we digress).

Inside the candy-apple-red front door is a wee entrance foyer and two sitting rooms: one done up as an office and the other with vintage leather chairs by a fireplace.

Also on the main level is a spacious screening room and two guest bedrooms. A slim staircase leads upstairs to the main entertaining areas and the master suite, which features a bedroom with views of the Silver Lake Reservoir, a dressing room, and a spacious bathroom.

The airy living area upstairs includes distinct sitting and dining spaces plus a chic kitchen with high-end appliances and glassy walnut cabinetry. Floor-to-ceiling glass sliders let the indoors spill out to various pavilions outside, and there’s plenty of space for open-air dining and/or sunbathing.

Ms. Wiig’s construction work included the addition of a new 1,000-square-foot glassy guesthouse/entertainment pavilion that is separate from the main residence and includes an additional bedroom and full bathroom. Also within there are a lounge and a sleek living room with concrete walls and hardwood floors.

Just outside the guesthouse is an expansive deck and a brand-new pool/spa combo that appears (form a distance) to be cantilevered directly over the reservoir. That’s quite something. It ain’t cheap to build a hillside pool, kids, and to build a hillside pool situated in that way — and on an ultra-steep lot like this to boot — must’ve cost Ms. Wiig a small fortune in engineering and construction fees. Thank yourselves for getting her those Bridesmaids royalty checks — y’all made this place possible.

Anywho, Mr. and Mrs. Disney currently reside in nearby Los Feliz, in a renovated 1930 Spanish estate they bought for $6,400,000 back in 2016 (below).

For unknown reasons, the Disneys also owned a giant building near the Hancock Park neighborhood of LA. They paid $3,700,000 for the property in April 2013.

To Yolanda the place looks like a warehouse or some sort of laboratory, but the structure includes 7 beds, 5 baths, and a kitchen with fancy stainless appliances. So we suppose it could be used as a residence.

Tim Disney’s former property – near Hancock Park

Records show that Mr. Disney sold the oddball structure for $4,450,000 last year (April 2017). The buyers, in case y’all were wondering, were a non-famous local couple.

The Disneys also keep an offbeat weekend retreat in the desert community of Joshua Tree, a couple hours (by car) east of Los Angeles. The house — a foldable prefab confection — was dreamt up by Bay Area-based builder Blu Homes.

Kristen Wiig’s Case Study House, Pasadena

As for Ms. Wiig, she long since traded the cool kids in Silver Lake for the untamed wilds of the San Gabriel Valley — specifically the far more traditional and family-oriented city of Pasadena. As Yolanda blabbed to y’all, she paid nearly $3 million for the extensively updated Case Study #10 there last year.

Ms. Wiig’s historic Pasadena residence is situated on what is oft-considered to be the most prestigious street in the city. Some of her nearest neighbors include Oscar De La Hoya, billionaire Charlie Munger (he’s Warren Buffett’s longtime right-hand man), and Elon Musk’s (former?) girlfriend Grimes.

Kristen Wiig’s agents: Byrony Atkinson, Maisonre Real Estate; George Penner, Deasy Penner Podley
Tim Disney’s agent: Peter Kinnaird, Compass

  1. L.A. Walsh says:

    Let’s not get it, twisted folks, this is a transaction among rich people that paid a price based on “personal preference”, not “market value”. Upon resale, they will have to convince another individual, from a limited sub-market, that the house is worth that much more money and be willing to take on the additional risk of selling it to some other select individual to turn a profit.

    As opposed to paying somewhere near the typical market price range of similar homes in the area where the value can be justified and documented making it more appealing to the “general market” – many more potential buyers, thereby reducing the owners’ overall risk for return on investment.

  2. Rosie says:

    The front entrance looks like one on a single wide, a vibe that continues inside despite Yolanda’s use of “spacious”. Ah well, what can you do, really, in a .4 hillside lot?

  3. Pingback:Silver Lake | Celebrity Real Estate | Disney

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