Daryl Katz, the billionaire owner of the Edmonton Oilers hockey franchise, has bought a house in Bel-Air for $9.1 million. The seller was Henry Morton, the son of hotelier Peter Morton.
Tucked behind chrome gates on about one-third of an acre, the late 1950s Midcentury residence was once owned by Arthur Marx, the son of comedian and actor Groucho Marx.
Entered through a glass front door, the 3,040 square feet of space opens to a formal living room with a wall fireplace. A dining room, a kitchen with a wine refrigerator, a media area, three bedrooms and 4.5 bathrooms complete the open-area living space.
Walls of sliding glass doors open to a loggia, an outdoor living area and a swimming pool and spa. Views take in the downtown cityscape and ocean.
A motor court sits off the entrance to the home.
Josh Flagg of Rodeo Realty was the listing agent. Donovan Healey of John Aaroe Group repped the buyer.
The sale marks the second time the property has changed hands in the past year. Last May, it sold for $8.25 million. Marx, who died in 2011 at 89, sold the home six years ago for $1.685 million, records show.
The house is also nearby the onetime Art Linkletter estate, which Katz acquired last yearfor $34.5 million in an off-market deal. He is currently developing the 4.6-acre estate, according to real estate sources.
Katz, 54, is a Canadian investor and businessman who bought the NHL franchise in 2009. Last year, he partnered with Hollywood producer Joel Silver to form the production company Silver Pictures Entertainment.
His net worth is estimated at $3.2 billion, according to Forbes.
Article courtesy of the LA Times