$70 Million Alec Gores House in Beverly Hills

Alec Gores, the billionaire businessman and private equity mogul, owns a stunning mansion in Beverly Hills that’s worth a whopping $70 million. But who exactly is Alec Gores, and what makes his house so special?

Let’s dive in and explore the luxurious lifestyle of this self-made tycoon.

Who is Alec Gores?

Alec Gores is an Israeli-American businessman who’s made his fortune through leveraged buyouts of technology firms. Born in Nazareth, Israel, in 1953, Gores moved to the United States with his family when he was just 15 years old. He settled in Flint, Michigan, where he started his journey from humble beginnings to becoming one of America’s wealthiest individuals.

Gores founded The Gores Group in 1987, a private equity firm that’s become a powerhouse in the business world. His keen eye for investments and strategic acquisitions has led to a net worth of around $2.5 billion. That’s a lot of zeros!

But Gores isn’t just about making money. He’s also known for his love of luxury cars, owning a collection of over 100 vehicles. And when he’s not cruising around in his fancy rides, he might be flying high in his private jet – yep, he’s a licensed pilot too!

As for real estate, Gores doesn’t disappoint. He owns multiple properties, including his primary residence in Beverly Hills and a beachfront home in Malibu. While he doesn’t own any private islands (that we know of), his real estate portfolio is still pretty impressive.

Alec Gores at a Glance

Where Does Alec Gores Live Now?

Alec Gores currently calls Beverly Hills his home. Specifically, he resides in the ultra-exclusive gated community of Beverly Park. This ritzy neighborhood is known for its massive mansions and A-list residents. It’s like the VIP section of an already VIP city!

Beverly Park is nestled in the hills north of Beverly Hills proper. It’s divided into two sections: North Beverly Park and South Beverly Park. Gores’ home is in North Beverly Park, which is known for having larger lots and even more opulent homes.

The area offers breathtaking views of Los Angeles and the surrounding mountains. It’s a secluded paradise that provides privacy and luxury in equal measure. Imagine waking up every morning to panoramic views of the City of Angels – that’s the life Alec Gores enjoys!

Alec Gores House: Overview

Now, let’s talk about the star of the show – Alec Gores’ Beverly Hills mansion. This isn’t just any old house; it’s a palatial estate that would make even royalty green with envy.

The house is a French Normandy-style stone mansion that sits on a sprawling 2.2-acre lot. It’s massive, boasting approximately 40,000 square feet of living space. To put that in perspective, that’s about the size of a football field! The house was built in 2007 and was designed by renowned architect Richard Landry, who’s known as the “King of the Megamansion.”

With 11 bedrooms and 21 bathrooms, this house is big enough to host a small village. But it’s not just about size – it’s about luxury and attention to detail. From the moment you step into the two-story foyer with its grand staircase, you know you’re in for something special.

The house is a perfect blend of old-world charm and modern amenities. Think of ornate fireplaces and intricate moldings alongside state-of-the-art home theaters and high-tech security systems. It’s like stepping into a French chateau that’s been outfitted for the 21st century.

1. Where Is Alec Gores House Location?

Alec Gores’ house is located at 49 Beverly Park Circle in Beverly Hills, California. This address puts it right in the heart of North Beverly Park, one of the most exclusive gated communities in Los Angeles.

Beverly Park is tucked away in the hills above Beverly Hills, offering residents unparalleled privacy and security. It’s a bit like a secret garden for the ultra-wealthy, hidden away from the hustle and bustle of LA.

The community is known for its large lots and strict building codes. Each property must be at least 5,000 square feet, but most, like Gores’ home, are much larger. The streets are wide and lined with mature trees, giving the whole area a park-like feel.

From this location, residents enjoy stunning views of the city below and the surrounding mountains. On a clear day, you might even catch a glimpse of the Pacific Ocean in the distance. It’s the kind of view that reminds you why they call it the City of Angels.

2. Features of Alec Gores House

Alec Gores’ house is a masterpiece of architectural design. The French Normandy style gives it a timeless, elegant look that stands out even in a neighborhood full of impressive homes.

The house is built from stone, which gives it a solid, imposing presence. But don’t think it’s all cold and austere – the design incorporates plenty of large windows that let in natural light and offer those amazing views we talked about earlier.

The architectural style is characterized by steep rooflines, turrets, and a generally asymmetrical design. These features give the house a fairytale-like quality as if it’s been plucked from the French countryside and dropped into the hills of Beverly Hills.

Inside, the house continues the French theme with elegant moldings, grand fireplaces, and luxurious materials throughout. But it’s not stuck in the past – the design seamlessly incorporates modern elements to create a home that’s both classic and contemporary.

The house sprawls across its 2.2-acre lot, with multiple wings and levels creating a sense of discovery as you move through the space. It’s the kind of house where you could live for years and still find new nooks and crannies to explore.

3. Is Alec Gores House Listed for Sale?

As of 2024, Alec Gores’ Beverly Hills mansion is not listed for sale. However, it’s worth noting that the house has been on the market in the past.

Gores originally listed the property for sale in 2019 with an eye-watering price tag of $95 million. At the time, it was one of the most expensive homes on the market in Los Angeles.

The house didn’t sell at that price, and Gores eventually took it off the market. In March 2022, he sold the property in an off-market deal for $70 million. The buyer was reportedly linked to Hao Tang, a Hong Kong-based gaming tycoon.

So, while Gores no longer owns this particular Beverly Park mansion, it remains a testament to his taste in luxury real estate. And who knows? Maybe he’s already working on his next mega-mansion project!

4. House Amenities

Alec Gores’ former Beverly Hills mansion is packed with amenities that cater to every aspect of luxury living. Here’s a list of some of the standout features:

Indoor Amenities:

• Two-story foyer with grand staircase
• Multiple additional staircases
• Elevator
• Formal living room
• Formal dining room
• Gourmet kitchen
• Breakfast room
• Family room
• Library
• Home office
• Game/rec room with wet bar
• Wine cellar
• Home theater
• Indoor swimming pool and spa

Outdoor Amenities:

• Gated entrance
• Motor court with fountain
• Multiple balconies
• Patios
• Courtyard
• Outdoor kitchen/BBQ area
• Swimming pool with spa
• Landscaped gardens
• Tennis court

5. Neighborhood Area

The neighborhood of Beverly Park is often described as a “billionaire’s paradise,” and it’s easy to see why. This gated community is home to some of the most expensive and exclusive real estate in Los Angeles, if not the entire United States.

Beverly Park is divided into two sections: North Beverly Park, where Gores’ former home is located, and South Beverly Park. The entire area spans about three square miles and contains only about 80 homes in total. That’s a lot of space for very few residents, ensuring privacy and exclusivity.

The community is known for its strict building codes and homeowners’ association rules. These regulations help maintain the area’s luxurious character and protect property values. For example, there are restrictions on the minimum size of homes (5,000 square feet) and lots (usually at least 2 acres).

Residents of Beverly Park enjoy 24/7 security, with guard-gated entrances and regular patrols. This level of security has made it a popular choice for celebrities and high-profile individuals who value their privacy.

The neighborhood also boasts beautiful common areas, including a central park with children’s play equipment – though it’s probably safe to say the play equipment gets less use than the tennis courts and jogging trails!

Despite its secluded feel, Beverly Park is conveniently located. It’s just a short drive from the heart of Beverly Hills and all the shopping, dining, and entertainment options it offers. The beaches of Santa Monica and Malibu are also within easy reach.

Market Value

Alec Gores Real Estate Portfolio

While the Beverly Park mansion was certainly a crown jewel in Alec Gores’ real estate portfolio, it’s not the only impressive property he’s owned. Here’s a look at some of his other notable real estate ventures:

1. Beverly Hills Property: In 2016, Gores purchased a 1.3-acre property in Beverly Hills for $17 million. He tore down the existing house and has been constructing a new mansion on the site.
2. Malibu Beachfront Home: Gores owns a beachfront property in Malibu that he purchased in 2002 for $9.6 million. As of 2024, this home is estimated to be worth between $12-15 million.
3. Former Beverly Park Mansion: Before the $70 million mansion, Gores owned another home in Beverly Park. This 40,000 square-foot mansion was sold in an off-market deal in March 2022 for $70 million, setting a record for home sales in Beverly Park at the time.
4. Undeveloped Beverly Park Land: In 1998, Gores paid $3 million for an undeveloped plot of land in Beverly Park. He built a 30,000 square-foot mansion on this land, completed in 2007, which he sold in 2017 for $25 million.

It’s clear that Gores has a keen eye not just for business investments, but for real estate as well. His portfolio showcases a preference for large, luxurious properties in some of Los Angeles’ most exclusive neighborhoods.

Conclusion

Alec Gores’ former Beverly Hills mansion is a testament to his success and his taste for luxury. From its stunning French Normandy architecture to its long list of high-end amenities, this house is truly a dream home.

But it’s more than just a beautiful building. It’s a reflection of Gores’ journey from a young immigrant to a billionaire businessman. It shows what’s possible with hard work, smart investments, and a bit of luck.

While Gores may have sold this particular property, his real estate portfolio continues to impress. And who knows? His next home might be even more spectacular. After all, for someone like Alec Gores, the sky’s the limit!

Whether you’re a fan of luxury real estate, a budding entrepreneur looking for inspiration, or just someone who enjoys a peek into the lives of the ultra-wealthy, Alec Gores’ Beverly Hills mansion is sure to leave you in awe. It’s not just a house – it’s a symbol of the American Dream, supersized and decked out in French Normandy style.