Malibu mansion listed for $48M after Kevin Garnett’s previous woes
Kevin Garnett’s former Malibu dream-house-that-wasn’t is hitting the market with a $48 million price tag after a redevelopment and years of legal drama. The retired NBA star bought the property at 27715 Pacific Coast Highway in 2003 for $6.4 million while playing for the Minnesota Timberwolves, Mansion Global reported. Garnett began building a custom mansion, but he cut a $16 million deal to sell the property before construction was finished. The buyer, developer Ando Hacopian of Hacopian Design & Development Group, never completed the deal, which included $4 million in unsecured debt provided by entities of Garnett. Garnett sued Hacopian […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Selena Gomez Just Sold Her L.A. Home for $5.4 Million
County to investigate Farmers Insurance over LA wildfire claims
LA plunks down $150K to assess makeover of defunct Oceanwide Plaza
Western brokerage head Peter Hernandez out at Douglas Elliman
The Fall Kitchen Trends Designers Say Clients Want Right Now
As the Bayeux Tapestry Heads to London, Textile Art Makes a Comeback
Bel Air, Hollywood Hills portfolio tops contracts with $54M auction bid
Selena Gomez Just Sold Her Encino Home for $5.4 Million
Schrager, Scheetz land $117M to refinance WeHo hotel amid full-scale rehab
Landlords get day in CA Supreme Court over LA eviction threshold
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA