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Mike Medavoy and wife sell big and buy big

They sell a home for $7.5 million and buy another for $6 million, both in Beverly Hills.

September 28, 2010|By Lauren Beale, Los Angeles Times

Phoenix Pictures Chief Executive Mike Medavoy and his wife, Irena, have sold a house in Beverly Hills' Trousdale Estates area and bought another in a nearby gated community for its asking price of $6 million.

The Mediterranean they bought was built in 1998 and includes a two-story foyer, a screening room, an oversized kitchen, six bedrooms, 6 1/2 bathrooms and maid's quarters in about 9,000 square feet. There is a swimming pool and spa on grounds of more than three-quarters of an acre.

The seller was Antoine Fuqua, the director of "Training Day."

The Medavoys sold a smaller house they had purchased last fall for $5.58 million. They spruced up the 1965 contemporary Mediterranean and sold it for $7.5 million. The 6,200-square-foot home has four bedrooms and seven bathrooms.

Mike Medavoy produced the recent "Shutter Island," directed by Martin Scorsese, and the upcoming 2010 romantic thriller "Black Swan," directed by Darren Aronofsky. He is executive producer of "The Wildest Dream." Released in August, the documentary tells the intersecting stories of two hikers who climbed Mt. Everest 75 years apart.

Barbara Robinson and Nichelle Robinson of Hilton & Hyland, Beverly Hills, represented Fuqua. Jade Mills and Joyce Rey of Coldwell Banker, Beverly Hills South, represented the Medavoys.

lauren.beale@latimes.com

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