Almost three months after Jim Demetriades hoisted his extravagant Los Angeles compound known as Villa Theos on the market with an impressive $85 million price tag, the veteran tech entrepreneur has now put another smaller house he owns right next door up for sale, asking a smidge under $12.5 million.
The founder and CEO of Kairos Ventures has owned his larger property in the Beverly Hills Post Office area since 2000. That’s when he and his then-new wife Nancy paid $8.4 million for a single house and then began piecing together a gated collection of red brick and stucco structures that cost tens of millions of dollars to assemble and feature a total of 13 bedrooms and 16 baths in 28,000 square feet, all of it resting on two parcels of land spanning over 2 acres.
The NBA legend’s former home has posh amenities like an indoor sports court.
Paul Barnaby
A glass-lined living room has French doors opening to the backyard pool area.
Paul Barnaby
Highlights include a sunken living room accented by a wet bar and a particularly eye-catching fireplace, as well as an office and a library loft. A formal dining room rests beneath a striking chandelier, while the updated kitchen is outfitted with an eat-in island, top-tier stainless appliances, and an accompanying breakfast nook that opens to a courtyard warmed by a firepit.
Elsewhere in the house is a primary suite that comes complete with a seating area, a private patio, and a luxe bath equipped with a spa tub and a glass-encased shower; and outdoors, the grounds host a swimming pool and numerous spots ideal for al fresco lounging and entertaining. There’s also a motor court and a four-car garage on the premises.
The listing is held by Aaron Kirman of AKG | Christie’s International Real Estate.
Paul Barnaby
Credit : robbreport.com
