Billionaire Jeffrey Katzenberg Completes Sale of Private Utah Retreat for $11.6M

Billionaire Jeffrey Katzenberg Completes Sale of Private Utah Retreat for $11.6M

Published: January 5, 2019 | By: American Luxury Staff

Former Walt Disney Studios chair and Dreamworks Animation co-founder Jeffrey Katzenberg recently sold his ski in/ski out alpine vacation home near Park City. The exec had listed and re-listed the property several times since it first hit the market with an asking price of $20.5 million in the summer of 2012.  It sold in the final days of 2018 for $11.6 million.

Katzenberg hired legendary New York-based architect Charles Gwathmey and Park City’s own Rick Otto to design the 14,100 square-foot home, which voices log cabin and contemporary influences in its architecture. Warmth is of course key to the composition, and timber and stone are used abundantly to express the house; the exterior looms up amidst the conifers, a strong symmetrical presence of hewn wood and glass that is capped with stone chimneys.

Inside the home, walls and ceilings are clad in polished plank, open-trussed ceilings tower overhead, and a pair of massive paned picture windows blurs the comfort of the interiors with the grandeur of the landscape outside. Stone floors supplement the relaxed feel, augmenting what is already a compellingly easygoing atmosphere.

The home’s amenities include a billiards room, a family/media room, and an indoor lap pool and spa with stone surround and accent wall. There are seven bedrooms and ten baths in all, including a master suite that is anchored with a majestic stone fireplace and opens via French doors onto a private terrace.

Katzenberg was instrumental in negotiating Disney’s successful return to animation that started in the mid 1980’s. More recently, he co-founded WndrCo Holdings.

7217 January 5, 2019 Real Estate January 5, 2019