Your Mama Hears...

...from Bob N. Weave, a well-connected real estate tattle tale who has provided us with accurate intel in the past, that tool and die tycoon Eric Smidt and wife Susan are fixin' to hoist their big ol' compound-like estate (above) in the garishly swanky guard-gated Beverly Park community on the market with an asking price somewhere in the neighborhood of $40,000,000.

Mister and Missus Smidt's sprawling two-parcel compound comprises more than six acres and, as best as we can tell from a perusal of various property record data bases, the couple picked up the first of their two Beverly Park parcels July 1995 from ice hockey honcho Wayne Gretzky for an undisclosed amount of dough. They subsequently scooped up the the adjacent parcel, in November 1999, for just over three million smackers.

The L.A. County Tax Man indicates the seven bedroom and ten bathroom multi-winged main mansion was built in the late 1990s and, at 11,204 square feet, is actually quite modest by the famously steroidal standards of Beverly Park where a fair number of the super-sized single family abodes top 25,000 square feet. Property records also show the compound includes at least one other secondary structure with an additional two bedrooms and five bathrooms in 3,863 square feet of interior space.

That Mister and Missus Smidt would like to unload their custom-built compound in Beverly Park should come as no surprise to Platinum Triangle property watchers who are well aware the lavish living couple also own The Knoll, the storied Beverly Hills mega-estate they bought from oil baron turned Showbiz tycoon Marvin Davis in February 2005 for—according to the folks at Blockshopper—$39,352,500.

The L.A. County Tax Man shows Mister and Missus Smidt—who spent years and Lord only knowns how many millions on a soup-to-nuts renovation that reportedly changed the original 25,000-plus square foot Georgian mega-mansion into an even larger white brick Regency style pile—shelled out $472,540 and eighteen cents in property taxes in 2010.

The Knoll, one of Los Angeles' most illustrious homes was originally built in the 1950s for Lucy Doheny Batson—the wealthy widow of oil heir Ned Doheny—and was later owned by Italian-born movie producer Dino De Laurentiis who sold it to country music king Kenny Rogers in 1980 for $14,500,000. It was Mister Rogers who sold The Knoll to Marvin and Barbara Davis in 1984 for $20,250,000.

Mister and Missus Smidt also maintain an ocean front residence a few doors down for Pierce Brosnan on Malibu's quickly disappearing Broad Beach that they snatched up in early 2003 for $14,950,000.

Now children, keep in mind that at this poing this is all just just high-priced real estate rumor and gossip; We're just passing along a tidbit we heard from someone who plays in the same sandbox as all the Platinum Triangle real estate big mommas and mack-daddies. We wouldn't bet money on it but for all Your Mama really knows Mister and Missus Smidt plan to keep their Bev Park property to house their domestic staff.

aerial photo: Google

Post Title : Your Mama Hears...

Your Mama Hears...,