About 24 years ago, in December 2000, Jim Demetriades began putting together a luxurious estate and a house that his then-new wife, Nancy, had purchased for $8.4 million. Never before on the market, the veteran tech entrepreneur's one-of-a-kind spread dubbed 'Villa Teos' has gone up for sale in Los Angeles' popular Beverly Hills Post Office area for a whopping $85 million It is valued at.
As first reported, wall street journal, a gated collection of red brick and stucco structures that cost tens of millions of dollars to assemble and then includes a renovated main house and several outbuildings, totaling 13 bedrooms and 16 bathrooms in 28,000 square feet. There, everything is at rest. Situated on two parcels of land spanning over two acres, it boasts a variety of amenities, from a bowling alley and nightclub to a shooting range and an underground cave/bunker accessed via tunnel.
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“Jim and I really sat down and thought, 'Okay, if we could have anything we wanted — the sky's the limit — what would we want?' And we just went for it. “I went ahead,” Nancy said. WSJ.
result? Luxurious with a separate fireside living room and dual baths, along with a spotlighted formal living room that flaunts reclaimed wood beam ceilings, a wet bar, and an antique fireplace imported from France It also has a master bedroom. Surrounded by multiple guesthouses and office spaces, there's also a recently completed “coach house” with a disco ball, velvet sofa, and a custom 50,000-watt speaker system with a subwoofer built into the ceiling. There is an Old West themed nightclub.
But that's not all! It also features a 20-seat movie theater, bowling alley, shooting range, gym and classrooms for the couple's five children, who are now adults, as well as bulletproof doors and his 4,500 bottles of wine. There is also an underground man cave/emergency bunker with a cellar. . Last but definitely not least is the resort-worthy grounds. It overlooks picturesque city lights and ocean views, has approximately 140 fruit trees, several great spots for outdoor lounging and entertaining, an infinity-edge pool, and even a chicken coop. .
according to WSJThe Greek-born, Pasadena-raised founder and CEO of Kairos Ventures, a venture capital firm that invests in innovative startups and research in technology, life and physical sciences, is a former actress. My wife is selling it because she is “facing it.” The house is expected to be vacated sooner than expected. ”
The property is owned by Drew Fenton of Carrollwood Estates and Kurt Rappaport of Westside Estate Agency.
Click here to see more photos of Villa Teos.
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