Paramount's brad grey lists former frank sinatra home for sale

Paramount Pictures CEO Brad Grey has listed for sale the Holmby Hills home he bought in mid-November and is asking $23.5 million for the former Frank Sinatra-owned property.

Grey purchased the seven-bedroom North Carolwood Drive residence from an undisclosed seller for $18.5 million. The executive's real estate agent, Stephen Shapiro of Westside Estate Agency, said in an e-mail interview that Grey and his wife Cassandra Huysentruyt have "fallen in love" with another home Grey owns nearby in Bel-Air and have opted to remain there. Grey and Huysentruyt were married at the Carolwood house earlier this year.

The Carolwood house is situated on 2.3 acres in a prime neighborhood that is also home to Danny DeVito and Rhea Perlman, philanthropist Suzanne Saperstein, and television producer Bradley Bell, son of The Young and the Restless and The Bold and the Beautiful creator William Bell.

Shapiro said that Grey had considered a significant remodel of the 8,631-square-foot red brick Mediterranean home or possibly building a new house there, which could have taken up to three years. Grey opted to not deal with the lengthy construction project, said Shapiro, chairman of Westside Estate Agency, who represented Grey when he purchased the property last year. At the time, it had been listed for $22.5 million. 

Source: HollywoodReporter.com