Anthony Davis, shortly after signing a contract with the Lakers worth $190 million over the next four seasons, re-invested a significant chunk of his earnings in the purchase of a new home in the Los Angeles area. The astonishing purchase price of the mansion in the guard-gated neighborhood of Bel Air Crest, which is located in the mountains between Bel Air town and the San Fernando Valley, was first reported by The Real Deal.
In the late 1980s and early 1990s, over 200 homes were built in the neighborhood known as Bel Air Crest. The vast majority of these homes are luxurious mansions designed in the Mediterranean style and have private driveway gates. Other people who have lived in Bel Air Crest include celebrity chefs like Gordon Ramsay and Kathy Gryphon, as well as celebrities like Kim Kardashian and Kanye West, who lived there while their mega-mansion in Hidden Hills was being constructed.
According to the documents that have been made public, Davis purchased his new home for exactly $31 million and obtained a mortgage for the amount of $20,1 million. His home was never put up for sale on the market. The mansion in issue is the largest and most extravagant in the entire neighborhood. It has a living space of over 20,000 square feet and is located on a promontory that spans 3.5 acres, offering stunning views of the Pacific Ocean and Catalina Island.
According to the paperwork for the property, the home with the eight bedrooms and nine and a half bathrooms was finished in 2010 and built specifically for a local family named the Changs. The absolutely symmetrical structure, which may be best described as an interpretation of the White House that is in the form of an International-style chateau fusion with European influences, was sold in 2016 for exactly $10 million to Ted Foxman, a retired semiconductor executive turned real estate developer. Following that, Foxman spent an additional wealth on the vast property’s repairs. The interiors were substantially restored, as was the landscaping, which is now significantly more lush and vivid than it was in the past.
Foxman also indulged his decorative whims with the home, adding vibrant splashes of color throughout and even parking a vintage Porsche 356 in the living room, which was painted in a lovely aqua hue. The result of his labors, under the direction of L.A.-based interior designer Lonni Paul, was photographed for Elle Decor the previous year.
A massive dome atop the double-height vestibule gives the interior a solarium-like atmosphere. There is a music room for guitar jam sessions, a games room with a wet bar, a wine cellar, and a movie theatre, among many other intimate chambers. Despite its immensity, the property’s focal point is not the mansion but rather the breathtaking view and the 120-foot-long Olympic-quality pool. A poolside cabana, infinite grassy lawns, and a full-size tennis court are additional features.
Davis previously possessed a mansion in Westlake Village, which he purchased in 2018 for $7.5 million and sold in 2020 for a staggering loss of one million dollars. As for Foxman, who more than tripled his money on the Bel Air sale to Davis — before taxes and renovation expenses, of course — he has downsized to a $13.8 million mansion with a basketball court and 13,000 square feet of living space in Encino.
