Billionaire Steven Cohen has agreed to buy a newly constructed nine-bedroom mansion in Beverly Hills listed for $35-million (U.S.), according to a person with knowledge of the purchase.
The person asked not to be named because the sale isn't final and the transaction is private. The person didn't disclose the price Cohen agreed to pay for the property, which features 13 bathrooms and parking for as many as 30 cars.
Cohen, with a net worth of about $11-billion, owns Stamford, Conn.-based investment firm Point72 Asset Management. His real estate holdings include a $60-million home in East Hampton, N.Y., that he purchased in 2013, and a penthouse apartment at Manhattan's One Beacon Court that's for sale for $82-million.
The website for Ginger Glass, an agent with Coldwell Banker who has the Beverly Hills listing, showed Friday that there's a "sale pending" for the house. The home was developed by her husband, Gala Asher's Dream Projects LA.
The listing, which was taken down Friday afternoon, described the property as a "resort-style estate" with a modern design and 12,664 square feet (1,176 square meters) of living space. The master suite has three fireplaces. Underwater music plays in the saltwater pool.
Cohen's spokesman, Jonathan Gasthalter of Sard Verbinnen & Co., declined to comment. Glass declined to comment, according to Holly Taylor, a spokeswoman for Coldwell Banker with public relations firm Rogers & Cowan. Westside Estate Agency in Beverly Hills represented the buyer.
The home is one block from the Beverly Hills Hotel. That property, owned by the Brunei Investment Agency, faced celebrity protests last year because the sultanate enacted Islamic criminal law seen as discriminating against women and gays.
Cohen started Point72 last year to manage his fortune after his hedge-fund firm, SAC Capital Advisors, pleaded guilty to securities fraud and paid a record $1.8-billion fine to settle insider-trading charges. His planned purchase of the Beverly Hills estate was reported Thursday by Variety's Real Estalker blog.