Nearly 24 years ago, in December 2000, Jim Demetriades and his then-new wife, Nancy, began building out a luxurious estate that included a house that they bought for $8.4 million. Never before on the market, a veteran tech entrepreneur's one-of-a-kind estate called “Villa Teos” is now on sale for an astonishing $85 million in Los Angeles' popular Beverly Hills Post Office District. It's on sale at a fair price.
It was first reported wall street journalThe gated complex of red brick and stucco buildings cost tens of millions of dollars to build and includes a since-renovated main home and several outbuildings. It has 13 bedrooms and 16 bathrooms in a total of 28,000 square feet, all set on more than two acres of land across two parcels. It boasts a selection of amenities, from a bowling alley and nightclub to a shooting range and an underground hideout/bunker accessed by tunnel.
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“Jim and I really sat down and thought, 'Okay, if you could have anything you wanted — the sky is the limit — what would you want?' And we just went for it,” Nancy said. WSJ.
The result is a formal living room with reclaimed wood beam ceilings, a wet bar, and an antique fireplace imported from France, and a luxurious master bedroom with a separate living room with fireplace and double bathroom. It was created as a main residence. Surrounded by multiple guesthouses and office spaces, the recently completed “Coach House” features a disco ball, velvet couches, and a custom-built 50,000-watt speaker system with subwoofers built into the ceiling. There is a themed nightclub.
But that's not all. There's also a 20-seat movie theater, bowling alley, shooting range, gym and classroom for the couple's five adult children, as well as an underground hideout/emergency shelter with bulletproof doors and a 4,500-bottle wine cellar. Finally, the resort-worthy grounds overlook picturesque city lights and ocean views, feature approximately 140 fruit trees, great spots for outdoor lounging and entertaining, an infinity-edge pool, and more. There is even a chicken coop.
according to wall street journalOriginally from Greece, raised in Pasadena. He is the founder and CEO of Kairos Ventures. Kairos Ventures is a venture capital firm that invests in breakthrough startups and research in technology, life sciences, and physical sciences. He and his former actress wife say they are “facing the possibility of their child becoming independent sooner than expected” as the reason for the sale.
The property is listed by Drew Fenton of Carolwood Estates and Kurt Rappaport of Westside Estate Agency.
Click here to see more photos of Villa Teos.
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