Business & Economy

Los Angeles mansion sells for record $102 million

A Los Angeles mansion has reportedly sold for $102 million, a Southern California record, but it's unclear who the buyer is.
A Los Angeles mansion has reportedly sold for $102 million, a Southern California record, but it's unclear who the buyer is.
screengrab from KCAL9

A Los Angeles mansion has reportedly sold for $102 million, a Southern California record, but it's unclear who the buyer is.

Citing the grant deed, the Los Angeles Times reports taxes for the 50,000-square-foot estate in Holmby Hills have been mailed to the Santa Monica headquarters of the Milken Institute, the think tank founded by financier Michael Milken.

But Milken spokesman Geoffrey Moore says neither Milken nor the Milken Institute is the purchaser.

Socialite Suzanne Saperstein built the trophy home, called Fleur de Lys, a dozen years ago with her then-husband, Metro Networks founder David Saperstein. They've since divorced and she first listed the property in 2007 for $125 million.

The 4.9-acre grounds include two motor courts, a swimming pool and spa complex, and a tennis court.