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Friday, Jul 26, 2024

$35 Million Deal for 33-Acre Estate Sets Conejo Valley Record for Home Sale

Former Legendary Pictures chief executive Thomas Tull and his wife Alba have sold their 33-acre estate in Thousand Oaks for $35 million, setting records for a home price in the Conejo Valley and all of Ventura County. Tull, a film financier who produced the Batman “Dark Knight” trilogy, the “Hangover” franchise and “Godzilla,” sold Legendary to a Chinese company in 2016 for more than $3 billion. In 2017, the Tulls relocated to a farm outside Pittsburgh, where Tull co-owns the Pittsburgh Steelers. Tull purchased three houses at a cul-de-sac near Westlake Village Boulevard and Kanan Road in 2011 and combined them to create his 33-acre North Ranch estate with a 32,000-square-foot French chateau-style house, stadium-sized pool and guest houses. It featured a landscape that emulated the Giverny, France gardens from a Claude Monet painting. Indoor amenities included a movie theater, library and temperature-controlled wine cellar. Tull originally listed the property for $85 million in early 2018. Jordan Cohen of Re/Max Olson & Associates represented the Tulls in the deal. Bryan Bumbarger from the same firm represented the undisclosed buyer. Cohen, who told the Thousand Oaks Acorn that the escrow closed within a week, said it was the biggest sale of his career.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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