Thousand Oaks’ most exclusive piece of real estate is changing hands for a record price.
Jordan Cohen, estate director for Re/Max Olson & Associates, Westlake Village, announced this week a $35-million deal had closed for the massive 33-acre North Ranch compound built by movie mogul and self-made billionaire Thomas Tull and his wife, Alba.
Cohen represented the Tulls in the sale.
“It’s literally the biggest deal I’ve ever done,” said Cohen, a veteran agent who’s represented over 100 professional athletes.
The Tulls bought what had been three different homes on a cul-de-sac at Kanan Road and Westlake Boulevard in 2011 and turned the hilltop property into one sprawling estate designed by architect Brian Biglin.
The 32,000-square-foot main house, a French-style chateau, was completely reimagined after the purchase. There are 12 bedrooms and 33 bathrooms. The 5,000-square-foot master suite is larger than most homes. There are two 4,000-square-foot garages.
The grounds, which include a fish-stocked millpond complete with a water wheel, were planted with hundreds of trees and a garden modeled after Impressionist painter Claude Monet’s gardens in Giverny, France, Tull told the Acorn during a 2015 interview at his office, then in Burbank.
“It’s a great place to go down and reflect,” said Tull, whose Legendary Pictures produced such hits as “Dark Knight,” “Inception,” “The Hangover” and “42” before he sold the company in 2016 for over $3 billion.
According to an article last week in the Los Angeles Times, “The stone-clad main residence includes three levels of living space filled with custom millwork, domed ceilings and rich wood paneling. There are French-inspired chef’s and commercial prep kitchens, grand formal rooms, a library and a temperature controlled wine vault.”
It also includes a movie theater with a 20-foot screen, 21 speakers and six subwoofers that provide cinematic-quality sound, the L.A. Times reported.
Outside are a 5-acre organic farm complete with a glass greenhouse, a swimming pool nearly half the length of a football field and an 11,000-square-foot guesthouse that has a guesthouse of its own.
Tull tried unsuccessfully to convince the City of Thousand Oaks to allow him to build a helipad there.
In 2017, after just a few years on the property, Tull moved his family to a farm outside Pittsburgh, where he is a part-owner of the National Football League’s Pittsburgh Steelers.
Originally listed in January 2018 for $85 million, the property’s $35-million fetch makes it the most expensive single residential property ever sold in Ventura County or the Conejo Valley.
Cohen said it closed with a one-week escrow.
The previous record in the Conejo was the $19.2 million the Tulls paid for the main 16-acre parcel in 2011, according to the LA Times. A property in Malibu (the Ventura County portion) sold for $20 million in 2017, the Times reported.
The name of the buyer, represented by another Re/Max Olson & Associates agent, Bryan Bumbarger, has not been made public.
“He’s right here in my office,” Cohen said of Bumbarger. “It’s pretty sweet to see two local guys get a record deal like this done.”
Many Thanks To The following Website For This Valuable Content.
Record deal done for Tull house