The estate of late fashion designer Max Azria is set to be listed for $55 million by Branden and Rayni Williams of The Beverly Hills Estates. It will also be heading to a no-reserve auction with Concierge Auctions from May 9 through May 23.
The nearly three-acre estate in LA’s Holmby Hills was initially listed for $85 million in 2015. Over the years, the price fluctuated and the property changed hands between different brokerages.
The estate, designed by Paul Williams, spans 30,000 square feet and includes 14 bedrooms and over two dozen bathrooms. Max Azria, who founded BCBG Max Azria Group, purchased the property in 2005 with his wife, Lubov Azria.
Lubov Azria mentioned that the property underwent a $30 million renovation over several years. Now, with their children grown and Max no longer alive, Lubov is ready to sell the estate.
The property boasts lush gardens, a hammam, a swimming pool, a tennis court, and a greenhouse. It also features a home office, a secret doorway to a home theater, and a catering kitchen.
Since the initial listing almost a decade ago, LA’s luxury real estate market has seen fluctuating trends. The median sales price for luxury single-family homes in Q4 2023 was $11.8 million, down 8.5 percent year over year.
An earlier version of this story incorrectly referred to the auction house as “Sotheby’s Concierge Auctions,” when it actually goes by “Concierge Auctions” now.
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The estate of late fashion designer Max Azria, located in LA’s Holmby Hills, is set to be auctioned off after being listed for nearly 10 years with varying price points. The property, designed by Paul Williams, features 14 bedrooms, more than two dozen bathrooms, lush gardens, and various amenities such as a hammam, swimming pool, tennis court, and greenhouse. The estate, listed for $55 million, is being sold by Azria’s widow, Lubov Azria, who spent about $30 million on renovations. Azria, known for founding BCBG Max Azria Group, purchased the property in 2005 and entertained guests, hosted events, and raised a family there before his passing in 2019. The auction is a sign that Lubov is ready to move on and start a new chapter in her life. The luxury real estate market in LA has seen fluctuations in recent years, with the median sales price of luxury homes decreasing by 8.5 percent in Q4 2023. Despite market challenges, the Azria estate is expected to attract significant interest from buyers looking for a unique and prestigious property.
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