The mystery buyer of the $47.5 million side-by-side property in the Pacific Palisades has been identified as hedge fund executive Thomas Laffont.
The billionaire partner at New York-based Coatue Management and his wife, Liz Laffont, bought the properties at 525 and 521 Spoleto Drive in separate transactions, Reported by Dirt.com.
In November, the Laffonts reportedly purchased two lots at 525 and 527 Spoleto Avenue, including a 7,200-square-foot house and a tennis court, for $29.5 million. real deal.
In March, the couple bought two other lots at 521 Spoleto Drive for $18 million that contain the 5,100-square-foot house next door.
The seller of both properties is TV producer Ben Silverman, who made The Office and Jane the Virgin. Silverman bought all four lots, totaling 1.4 acres, for $20 million between 2010 and 2017.
Broker Kurt Rappaport of Westside Estate Agency handled both sides of the Palisades deal.
Pacific Palisades Riviera’s two East Coast heritage homes offer sweeping views of the Pacific Ocean. Both are two stories. Both are gray with white trim. Both have outdoor swimming pools.
The extensive grounds are connected by unfenced lawns and include tennis courts, bocce court, vegetable garden and unspecified orchard.
The properties are across the street from a mansion owned by billionaire David Bonderman and his partner, filmmaker Krista Campbell. In December, they paid $17.5 million For a newly built home.
The Laffonts own properties in some of the wealthiest communities in the state, including Montecito, Malibu and Woodside.
In February, Thomas Laffont announced that Coatue Management would open a new Los Angeles office.
Belgian-born Lafont started his career In the CAA Mailroom He bought and sold a number of high-end estates before joining the hedge fund founded by his brother Philippe Laffont.He now owns a $12 million estate in Montecito and a $13 million compound On Point Dume in Malibu. Last year, he sold a Silicon Valley mansion in Woodside for $17.6 million, Dirt reported.
