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The owner of the Detroit Pistons just bought an insane Los Angeles mansion in a deal worth $100 million


carolwood drive

A Los Angeles mansion that was listed earlier this year for an eye-popping $150 million just sold in a complex deal to Detroit Pistons owner Tom Gores.

According to The Los Angeles Times, Gores will be trading several properties in the area in exchange for this new home, which was built on speculation on the same lot where Barbara Streisand's "Mon Rêve" estate once stood. The deal is estimated to be worth $100 million. 

Located in the ritzy Holmby Hills neighborhood of Los Angeles, the new structure covers a whopping 38,000 square feet and has 10 bedrooms and 20 full baths. Additional amenities include private hiking trails and a movie theater complex with its own guest valet entrance. 

It was developed by Gala Asher of Dream Projects LA, who purchased the land from tech entrepreneur David Bohnett for $13.25 million in 2014. Streisand's original home was demolished shortly after she sold it to former music exec Les Bider in 2000. Bider then sold the empty lot to Bohnett. 

Ginger Glass of Coldwell Banker Previews International had the listing.

SEE ALSO: Take a tour of Cartier's glittery, jewel-filled mansion, which has special rooms for private shopping

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The massive home can be found on Carolwood Drive in Holmby Hills, one of Los Angeles' most exclusive neighborhoods. Walt Disney, Clark Gable, Gregory Peck, Frank Sinatra, Rod Stewart, and Elvis Presley all called Carolwood home at one point, according to a press release from listing agent Ginger Glass.

The home is set behind a gate at the end of a private road.

Heavy vegetation adds to the secluded feel.

See the rest of the story at Business Insider

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