Celebrity Real Estate Roundup: Courteney Cox, Wayne Newton

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By Laura Vecsey

Friendly Listing For Divorcee Courteney Cox

Looks like Courteney Cox prefers “Cougar Town” to Beverly Hills.

The former “Friends” star and her ex-husband, David Arquette, have just listed their Wallace Ridge home in the 90210 confines for $19.5 million.

Cox and Arquette bought the home for $5.45 million in 2004, then hired architect Cory Buckner to do a complete floor-plan swapping remodel that resulted in the current 5-bedroom, 6-bathroom configuration. The home was originally designed by A. Quincy Jones, a favorite of Cox’s friend Jennifer Aniston, who also owned one of his Los Angeles homes.


Going Once, Going Twice, Sold!

The Versace mansion has been a recurring listing on the Miami Beach real estate market since Gianni Versace was so heinously gunned down entering the palace-like gates back in 1997.

But now, after price cuts that saw the mansion reduced from $125 million to $75 million, the property has sold for $41.5 million at auction to a group of investors.

With the opening bid at a “mere” $25 million, the purchase price quickly escalated among several hot-to-trot buyers, including Donald Trump’s son, Eric. However, the Trumps lost out when the gavel hammered down for VM South Beach LLC, a group jointly held by those who control Jordache Enterprises and a group of hotels.

The famously pedigreed home with over-the-top furnishings and a gold leaf, Moroccan-tiled swimming pool, the Versace mansion auction was anticipated to be the “auction of the century,” said Lamar Fisher, president and CEO of Fisher Auction Company. Interested parties were rumored to include David Beckham, Trump and even rapper Drake.

While the Beckhams and Drake didn’t show up at the auction, Eric Trump was in the bidding until the end, missing the winning offer by a half million dollars. Reports are that if the deal falls through for mansion, the Trump clan will get the 1930-era house that sprawls 23,462 square feet and 10 bedrooms and 11 bathrooms, many of which have views of the Atlantic from the home’s perch on Ocean Drive.


Wayne Newton’s Las Vegas Ranch For Sale

After decades of entertaining Strip goers, Wayne Newton’s Las Vegas footprint is big, including his former ranch: Casa de Shenandoah.

However, the entertainer’s financial downturn forced him in 2010 to sell this 36-acre horseman’s paradise to a group of investors, who paid $19.5 million and made all kinds of arrangements to allow Mr. Newton to remain involved in the ranch’s development.

Now, after the investors claim to have pumped about $15 million into the project, the development has been scrapped, including any dreams of a Wayne Newton theme park. The property – of which Newton holds a 20-percent stake – has been listed for $70 million.

Located at 6629 S Pecos Rd, Las Vegas, NV 89120, the ranch includes a 3-bedroom, 7-bathroom, 3,747-square-foot main house and seven additional homes. Much of the property’s development was geared toward its use as an Arabian horse farm. There are 53 stables, an equestrian pool and acres of corrals. However, buyers will get their own jumbo jet terminal, tennis court, game room, a car “museum” and several swimming pools.


‘Elle’ Of A Sale For Ellen & Portia

Ellen DeGeneres and Portia de Rossi have sold the Thousand Oaks home they’ve owned since 2008. The Hollywood power couple and serial real estate flippers got $10.85 million for the place.

The rustic chic spread riddled with custom, high-end furnishings was so meticulously done that it earned a spread in Elle Décor magazine. The property includes two barns and eight guest cabins, each designed in a different mood ranging from contemporary to more romantic.

While de Rossi favored sticking around the horse-friendly property, the notoriously antsy DeGeneres convinced her partner to move after dropping $26.5 million on a 13-acre Montecito property earlier this year.


First Published September 19, 2013 8:45 AM


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