Ben Nehmadi, the founder and managing principal of Republic Investment, just picked up two celeb-pedigreed properties in Beverly Hills for a cool $30 million: the home of late novelist Jackie Collins and a neighboring property currently occupied by Al Pacino. Both properties are owned by Collins’ estate.
The original $30 million listing included only the first property. It was lowered earlier this year to $24.5 million. Pacino reportedly will remain in place on the second property, while Nehmadi and his wife will move into the home formerly occupied by Collins. The couple already lived in Beverly Hills but were looking for a home with more space.
They now have 22,000 square feet of it, including eight bedrooms, ten bathrooms and a six-car garage. A two-story foyer features skylights and light vestibules, and a guest apartment is connected to the main house by a 100-foot corridor with gallery walls.
Other dedicated rooms include a library, a gym and a screening room. The kitchen features four islands, including a chef’s island. The one-acre property also boasts a number of gardens, five patio rooms and a swimming pool with spa.
Collins, the younger sister of actress Joan Collins, died last year at the age of 77. She reportedly purchased the property in the 1980s for $3 million, completing construction on the contemporary-style estate in 1991.
Among her 32 bestselling novels are “Hollywood Wives,” “The World Is Full of Married Men” and the Lucky Santangelo series. Her 2001 book “Hollywood Wives: The New Generation” was adapted into a television movie starring Farrah Fawcett, Robin Givens and Melissa Gilbert.