By Lauren Beale
Like Father, Like Daughter
Film producer Megan Ellison seems to be taking after her billionaire father, Larry Ellison, chief executive of Oracle Corp., when it comes to making shrewd real estate purchases.
He owns a string of houses along Malibu’s exclusive Carbon Beach. She is becoming known for buying up adjacent properties to create larger holdings.
Last year she sold her three-house compound in Hollywood Hills West for close to $47 million, pocketing a gain of about $14 million in the five years since she bought the first property. Now she has spent $20 million on a striking mansion and $10 million on adjacent land to create a 9-acre mountaintop estate in the same community.
The contemporary house, looking like a cross between an art museum and a modern church, was built in 1990. The city view home features nearly 10,000 square feet of living space containing guest apartments, a bar, a gym, a media room, a sauna, six bedrooms and eight bathrooms.
The grounds include a grotto swimming pool with a spa, a sand volleyball court and parking for 25 vehicles.
Ellison, 27, is the founder of Annapurna Pictures. Her producer credits include “Lawless” (2012), “Zero Dark Thirty” (2010) and “True Grit” (2010).
She is also a producer on the recently released “American Hustle.”
Visit the Los Angeles Times at www.latimes.com
Distributed by MCT Information Services
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