Billionaire Ben Weiss Buys Prime Bel Air Real Estate for $27M

Billionaire Ben Weiss Buys Prime Bel Air Real Estate for $27M

Published: November 14, 2019 | By: American Luxury Staff

Antioxidant beverage kingpin Ben Weiss acquired a valuable piece of real estate in Bel-Air recently. Weiss paid $27 million for the property. According to public records, the place sold in late October of last year, for $16 million.

The astonishing appreciation over a 12-month period may be par for the course for this corner of Bel-Air. The property itself has unusual potential, however: the lot measures over an acre, and its hilltop location allows for panoramic views of the L.A. environs.

The house itself rambles over very nearly 8,000 square feet. But the listing shots expect a teardown; photos of the interior—aside from one shot revealing a living area with a wall of windows, plank hardwood floors, and a coffered ceiling with carved wood trim—are nonexistent.

The house dates to 1951, and, if that one shot of the inside of the home is any indication, has been sorely in need of a renovation for many a year. The 1.28-acre lot includes a large motor court and varied plantings.

Weiss founded Bai Brands in 2009. The company was purchased for $1.7 billion by The American Bottling Company in 2016, when it was still the Dr Pepper Snapple Bottling Group.

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