Billionaire Michael Milken Reportedly Buys Fleur de Lys Estate For $102 Million

 

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After nearly 7 years on the market, the Fleur de Lys estate has finally sold for $102 million, and the Los Angeles Times reports that the mansion was purchased by Michael Milken via the Milken Institiute. A rep for Milken denied that the businessman bought the property, but LAT got their hands on a copy of the grant deed which shows that the taxes will in fact be mailed to Milken Institute in Santa Monica, so believe what you want.

The 50,000-square-foot French-style mansion has 12 bedrooms and 15 bathrooms, and noteworthy features include a two-story library, a 35-mm digital movie theater, a 3,000 square foot wine cellar and tasting room, several kitchens and a staff dining room.

The home, which sits on a 4.6-acre lot on the border between Beverly Hills and Holmby Hills, has a 600-foot long driveway, formal gardens, a tennis court, a jogging track and a gorgeous swimming pool with spa and fitness facilities.

The LAT reports that three billionaires were bidding on the pad and its final sale price was the highest ever recorded in Los Angeles County.

Source: celebdigs.com