Home Business Denim mogul Maurice Marciano spent $37.5 million on a mansion in Beverly...

Denim mogul Maurice Marciano spent $37.5 million on a mansion in Beverly Hills

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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.

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.

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