James MacSmith
Updated 2 Oct 2023, 9:54am
First published 2 Oct 2023, 5:00am
James Packer is selling his $132m home.
So, this is what $132m gets you.
It seems James Packer is on the move again, with his peerless $132m mansion for sale.
The billionaire has just listed the prime piece of real estate he has owned since 2018.
Beverly Hills living at it’s finest.
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The Beverly Hills home is priced at $US85m ($A132.23m).
Packer bought the home, which was previously owned by Hollywood star Danny DeVito in 2018 for $US60m ($A93.34m), according to realtor.com.
The marketing for the property says it is “Beverly Hills at its finest”.
DeVito lived in the home for 21 years, before selling it TO developers who undertook an extensive renovation – creating the ultimate luxury home for the most discerning buyer.
Dating back to the 1930s, the sprawling property sits on 2260 sqm and features multiple buildings, including a three-storey accessory dwelling and a separate maids quarter and guesthouse.
Packer has owned the home since 2018.
It has a $132m price tag.
Perfect for the discerning billionaire.
The Packers are saying goodbye to LA. Picture: Ana Badillo/The Australian
RELATED: Erica Packer lets go of exclusive home for $1
Highlights of property include a home theatre with a bar, a game room, wine cellar, resort-style pool and cigar lounge. The primary suite has a fireplace, sitting room, dual bathrooms, and access to a terrace.
The property boasts 12 bedrooms and 18 bathrooms. The master suite features two master baths, double vanitys, a linen closet, powder room, shower and sub and steam shower.
“A magnificent estate nestled on 1.2 sprawling acres in the heart of Beverly Hills, 1028 Ridgedale Drive beckons with iconic L.A. living that fully embodies luxury in every regard,” the listing reads.
Powder room.
Resort-style living.
Outdoor and in.
Leonardo DiCaprio and James Packer on board his superyacht in Cannes Picture: Instagram
“Boasting living space across multiple structures, enjoy an unparalleled gem in one of the most coveted neighbourhoods in Southern California.
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“Take in sweeping views of the grounds and the surrounding canyons. Host dinner parties in the grand formal dining room and savour gatherings in the formal living room.
“The primary bedroom suite is a sanctuary with dual bathrooms, exceptionally spacious closets and a private balcony that overlooks the lush yard.”
The entrance to the palatial property.
It looks just as good at night.
The wine cellar.
According to The Daily Telegraph’s Annette Sharp, Packer is selling the home because he has no interest in living in LA if his kids won’t be visiting. Earlier this year, Packer’s ex-wife Erica Packer moved to London with the couple’s three children.
However Erica still owns the Bel Air home she bought for $13.5m in 2014 and shows no sign of selling.
Her latest property move was in August, when she let go of her exclusive home in Sydney’s Vaucluse to her big sister Joanna for just $1.
James Packer’s LA home was formerly owned by Hollywood legend Danny DeVito. Picture: Getty
Erica Packer, the former wife of billionaire James Packer has now transferred all her former house in Vaucluse to her big sister Joanna and her medico specialist husband, David Hunter. Source: realestate.com.au
The late Shane Warne, James Packer and Erica Packer are seen inside the Crown marquee at the Melbourne Cup at Flemington Racecourse on November 6, 2012 in Melbourne, Australia.
James Packer might now decide to call Sydney home again. In March he jetted back to his home town with Erica and the kids to check out his $60m penthouse in sought-after Barangaroo for the first time.
James Packer bought the home off the plan in 2017.
He hasn’t lived permanently in Sydney, since he sold La Mer, one of the Harbour City’s most incredible homes, for $70m in 2015. At the time it was Sydney’s richest home sale.
James Packer’s Barangaroo penthouse.
The Packer family have been very active in real estate this year.
James’ sister and fellow billionaire Gretel Packer is set to create a mega penthouse in the Art Deco treasure the Macleay Regis, following her $9m purchase of the sub-penthouse in March.
Meanwhile, Gretel’s son and the eldest grandson of late media mogul Kerry Packer, Benjamin Packer Barham splurged on a record-breaking $8.4 million Bondi penthouse in February.
Francesca Packer-Barham pictured on her Instagram account with Gretel Packer.
Francesca Packer-Barham’s level-40 penthouse in Darlinghurt’s Horizon.
Not to be outdone, Gretel’s daughter, Francesca Packer Barnham, has called a Horizon, Darlinghurst, sub-penthouse home since 2019 which cost $16.75m.
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