Anthony Davis, who had just signed a $190 million contract with the Lakers a few months prior, re-invested a significant portion of his earnings in a newly constructed residence in Los Angeles. The Chicago native reportedly paid an astounding sum for a mansion in Bel Air Crest, a guard-gated community situated in the mountains between Bel Air proper and the San Fernando Valley, as first reported by The Real Deal.
Bel Air Crest, which was constructed between the late 1980s and early 1990s, comprises an estimated 200 dwellings, the majority of which are mansions designed in the Mediterranean style and featuring private driveway gates. Gordon Ramsay, Kathy Gryphon, Kim Kardashian, and Kanye West, who lived in the vicinity during the construction of their Hidden Hills megamansion, are among the other notable residents of Bel Air Crest.
Davis obtained a $20.1 million mortgage and paid precisely $31 million for his new residence, according to public records. There was never an offer on his residence. With an approximate 20,000-square-foot living area and a location atop a 3.5-acre promontory that offers breathtaking views of the Pacific Ocean and Catalina Island, the estate in question is the most expansive and opulent in the entire neighborhood.
According to property records, the eight-bedroom, nine-and-a-half-bathroom residence was finished construction in 2010 for the Changs, a local family. Ted Foxman, a retired semiconductor executive-turned-real estate developer, acquired the precisely symmetrical house in 2016 for an exact sum of $10 million. The structure is perhaps best described as a chateau fusion interpretation of the White House influenced by European design. Following that, Foxman invested an additional fortune in the extensive restorations of the property; both the interiors and the landscaping were completely redesigned, and the latter is now considerably more vibrant and lush than before.
Foxman further expressed his artistic preferences by adorning the residence with vivid splashes of color and by positioning a classic Porsche 356 in the aqua-painted living room. The outcome of his efforts, executed under the guidance of Lonni Paul, an interior designer based in Los Angeles, was featured in an Elle Decor photograph from the prior year.
A solarium-like ambiance permeates the interior of the double-height vestibule, which is crowned by a massive dome. Numerous intimate chambers are available, including a music room designed for guitar jam sessions, a games room featuring a wet bar, a wine cellar, and a movie theater. The magnificent view and the Olympic-quality, 120-foot-long pool are the focal points of the property, not the mansion despite its immense size. Additional amenities include a cabana by the pool, expansive grassy lawns, and a full-size tennis court.
Prior to that, Davis owned a mansion situated in Westlake Village. He acquired the property in 2018 for $7.5 million and subsequently sold it in 2020 at an enormous loss of one million dollars. Foxman, whose investment in the Bel Air sale to Davis more than tripled his initial investment (excluding renovation costs and taxes, of course), has downsized to an Encino mansion valued at $13.8 million, which features a basketball court and 13,000 square feet of living space.
