Saturday, March 24, 2012

Bottom Line - Celebrity real estate: Sinatra, Cruise homes hit market

Zillow

Alicia Keys' Manhattan penthouse is all style and glass.

By Staff, Zillow

Alicia Keys is moving on from her gorgeous Manhattan apartment, Frank Sinatra's former home is for sale, and the former rental home of Tom Cruise and Katie Holmes as well as Russell Crowe is available for lease.

Alicia Keys lists 'Empire-State-of-Mind' penthouse

Forget about moving on up. Singer and New York native Alicia Keys did that a long time ago, trading her childhood residence at the artist-friendly Manhattan Plaza apartment complex in Hell's Kitchen for a slick SoHo real estate market triplex.

Now Keys and her producer husband Swizz Beatz have listed their Crosby Street penthouse for $17.95 million only two years after the couple bought the place from funk/soul/rocker Lenny Kravitz for $12.5 million.

Zillow

The dining room features immense skylights and chandeliers.

According to Sotheby's International, which holds the listing, the apartment boasts five bedrooms, four bathrooms, four powder rooms and an enormous state-of-the-art, windowed, gourmet eat-in kitchen with walk-in butler's pantry. And separate formal dining room that faces east encased in a glass solarium.

That's only the start of the grand tour of a pad once rented by Nicole Kidman and Denzel Washington. The place also has an expansive living room with fireplace and library/media room that are all surrounded by undoubtedly one of the most beautiful private terraces in all of SoHo. Upstairs, there's a separate private master suite complete with spa, pass-through dressing area and private terrace.

Read more about Alicia Keys' penthouse.

Owner of former Sinatra home didn't stay long

Zillow

Frank Sinatra owned this home during a low point during his career.

When Paramount Pictures chairman and CEO Brad Grey bought Frank Sinatra's former Los Angeles home in November 2010 for $18.5 million, the famous Hollywood producer had big plans to restore and renovate the brick ranch that sits on a parklike 2.3 acres.

Turns out that, in the end, the Sinatra house that inspired Grey's dreams was merely a nice set for Grey's wedding in April 2011 to his new wife, Cassandra. The wedding was called lavish, and attended by the likes of Tom Cruise, Brad Pitt and Jennifer Lopez. The couple has since moved to Bel Air, making Grey's ownership stint a lot like Sinatra's.

"My client still owns (the Sinatra house) but I sold him another property. He didn't want to go through the process of renovating the house,'' said Stephen Shapiro, who holds the listing at Westside Estate Agency.

The property has been back on the market since September, when Grey listed the Holmby Hills residence for $23.5 million. After a price drop on March 15, the former Sinatra home at 320 N. Carolwood Drive was re-listed for its current list price of $19,995,000.

According to the Sinatra biography "The Voice,'' by James Kaplan, Sinatra bought the house in 1948 for $250,000 at a time when his career was at a low ebb. Sinatra had built a dream home in Palm Springs, and was strapped for cash and on the verge of divorce.

Zillow

Sinatra's former home spans 8,600 square feet.

Rent like Tom Cruise or Russell Crowe for $100K a month

Zillow

The rental has nearly three acres of manicured grounds.

What do Tom Cruise, Katie Holmes and Russell Crowe have in common?

Besides star status and high-paying movie roles, all three have at some point, for at least a little while, called 918 N. Alpine Drive home in Los Angeles.

The Tudor-style home was rented by Katie Holmes and Tom Cruise for $55,000 a month and then leased by Russell Crowe while he filmed "State of Play."

In 2001, the nearly three-acre estate was also the filming location for several scenes in the movie "Blow" starring Johnny Depp and Penelope Cruz.

And for someone with a celebrity-sized housing budget, the home is available again ? this time for a whopping monthly rental price of $100,000.

Available as a short or long-term lease, the Beverly Hills rental is set back from the street ? perfect for privacy-seeking celebrity tenants. With almost three acres of landscaped property, 6,685 square feet of living space and three separate guest apartments, the estate also has enough room for the star with the biggest entourage of stylists, security personnel and various and sundry assistants.

Zillow

The backyard features private gardens surrounded by high hedges and greenery.

Source: http://bottomline.msnbc.msn.com/_news/2012/03/23/10815559-celebrity-real-estate-sinatra-cruise-homes-hit-market

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