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Shortly after Anthony Davis agreed to a $190 million contract with the Lakers, he reinvested a sizeable amount of his earnings on a brand-new home in Los Angeles. The Chicago native paid an astounding sum for a mansion in Bel Air Crest, a guard-gated neighborhood tucked in the mountains between Bel Air proper and the San Fernando Valley, according to a report first published by The Real Deal.
Bel Air Crest is a development of about 200 homes, most of which are Mediterranean-style mansions with own driveway gates. It was built in the late 1980s and early 1990s. Gordon Ramsay, Kathy Gryphon, Kim Kardashian, and Kanye West are among the other notable tenants of Bel Air Crest. West lived there while building his enormous Hidden Hills estate.
Public records show that Davis obtained a $20,1 million mortgage and paid precisely $31 million for his new home. He never put his house up for sale. The aforementioned mansion is the biggest and most lavish in the neighborhood, with 20,000 square feet of living space and a 3.5-acre promontory that offers stunning views of Catalina Island and the Pacific Ocean.
According to property records, the eight-bedroom, nine-and-a-half-bathroom house was built for the Changs, a local family, in 2010. The symmetrically perfect building, best described as an International-style, European-influenced chateau fusion rendition of the White House, was sold to Ted Foxman, a retired semiconductor executive who is now a real estate developer, in 2016 for precisely $10 million. Foxman subsequently invested a further fortune on the full restoration of the property; both the interiors and the landscape were completely restored, resulting in a far more lush and lively space than before.
Foxman also gave in to his decorative fancies with the house, parking a classic Porsche 356 in the living room (which had been painted a pretty aqua color) and adding bright pops of color throughout. The previous year, Elle Decor published photos of the outcome of his labors, which were overseen by Lonni Paul, an interior designer located in Los Angeles.
The double-height vestibule’s top huge dome creates a solarium-like ambiance within. Among the various private rooms are a movie theater, a wine cellar, a games area with a wet bar, and a music room for guitar jam sessions. The property’s main attractions are the 120-foot-long Olympic-caliber pool and the spectacular view, which eclipse the mansion despite its immense size. Other attractions include an endless lawn, a full-size tennis court, and a cabana by the pool.
Davis once owned a Westlake Village property that he paid $7.5 million for in 2018 and then sold for an astonishing $1 million loss in 2020. About Foxman, he downsized to a $13.8 million estate with a basketball court and 13,000 square feet of living space in Encino. Prior to taxes and renovation costs, of course, Foxman more than tripled his money on the Bel Air sale to Davis.
