Maurice Marciano, the fashion designer best known for co-founding the Guess Inc. clothing brand with his brothers in the 1980s, just dropped $37.5 million on a newly renovated Beverly Hills mansion — one of the most expensive deals he’s seen city at this point year.
Records show he bought the home through his limited liability company, Beverly Financial Holdings. It’s less than a mile from his old home, a Paul McClean-designed home in Trousdale Estates that he’s currently buying for $27.5 million.
The seller is real estate agent Fred Bernstein of Westside Estate Agency, who doubled as a developer and bought the property for $12.25 million in 2016 from Megan Ellison, a film producer who founded Annapurna Pictures. Listing photos show that Bernstein kept the home’s original style, adding 3,000 square feet in later years.
Completed this year, the one-story residence is a contemporary blend of limestone, marble, oak, steel and glass. Five bedrooms and eight bathrooms spread over 9,300 square feet. Highlights include a library, gym and media room.
Entrance. (Mark Singer)
Open floor plan. (Mark Singer)
Corner dormer windows. (Mark Singer)
Living room. (Mark Singer)
Kitchen. (Mark Singer)
Dining room. (Mark Singer)
Media room. (Mark Singer)
Office. (Mark Singer)
Bedroom. (Mark Singer)
Recently renovated house. (Mark Singer)
Swimming pool. (Mark Singer)
Backyard. (Mark Singer)
A floating entry approaches the home, leading to a wide open floor plan topped with wood ceilings and corner skylights. Pocket doors open to the rear where patios and lawns surround the pool and spa. The territory occupies a little less than one hectare.
The sale officially closed at $35.5 million, with additional furnishings adding $2 million, bringing the price per square foot to $4,032, according to the Multiple Listing Service. This is the highest price per square foot in Beverly Hills since last April Ellen DeGeneres unloaded her 10,376-square-foot mansion for $47 million — or $4,530 per square foot.
The huge sale is a shot in the arm for Beverly Hills, which had a typical 2022 sales volume of $20 million but fell short of the staggering totals of its neighbors such as Bel-Air or Beverly Park.
Bernstein and Ethan Peskawitz, both of Westside Estate Agency, handled the listing. Kurt Rapaport, also of Westside, represented Martian.
A regular in the real estate headlines, Marciano last made waves in 2015 he sold his Bel-Air mega-mansion to casino mogul Steve Wynn for $47.85 million. Wynn is currently aiming for $100 million valuable property.