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Australian billionaire James Packer is taking his $132 million Los Angeles mansion off the market


A. James for Daily Mail Australia

A stunning Beverly Hills mansion owned by Australian businessman James Packer has been taken off the market.

The 56-year-old billionaire originally listed the sprawling 12-bedroom luxury home for $US132 million ($85 million) last year.

Packer first bought the massive Los Angeles mansion in 2018 for AUD$93 million.

The high-profile tycoon removed several offers to sell the palace extension late last month, The Daily Telegraph reported on Thursday.

Located in one of LA’s most sought-after neighborhoods, the lavish home has been languishing on the market since last September.

A stunning Beverly Hills mansion owned by Australian businessman James Packer (pictured) has been taken off the market

Covering a staggering 2,972 square meters, Packer’s magnificent mansion was originally built in the 1930s in the lavish style favored by the stars of Hollywood’s golden era.

The all-white exterior features huge ornate windows, a dazzling entrance and «Roman» columns.

Among the main advantages is a massive home cinema, which also includes a space for entertainment.

The 56-year-old billionaire originally listed the sprawling 12-bedroom luxury home for $US132 million ($85 million) last year.  Packer first bought the massive Los Angeles mansion in 2018 for AUD$93 million.  (in the picture)

The 56-year-old billionaire originally listed the sprawling 12-bedroom luxury home for $US132 million ($85 million) last year. Packer first bought the massive Los Angeles mansion in 2018 for AUD$93 million. (in the picture)

There is also a gym, a wine cellar, a «cigar room» and a «game room» with a bar and billiards.

The mansion also boasts an amazing 18 bathrooms, as well as a pool, spa and pool house.

According to Mansion Global, actor Danny de Vito and his wife Rhea Pearlman lived in the home for 20 years before selling it in 2015.

The high-profile tycoon removed several offers to sell the palace extension late last month, The Daily Telegraph reported on Thursday

The high-profile tycoon removed several offers to sell the palace extension late last month, The Daily Telegraph reported on Thursday

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Covering a staggering 2,972 square meters, Packer's spectacular mansion was originally built in the 1930s in an opulent src favored by stars of Hollywood's golden era.  Pictured: A beautiful home theater

Covering a staggering 2,972 square meters, Packer’s magnificent mansion was originally built in the 1930s in the lavish style favored by the stars of Hollywood’s golden era. Pictured: A beautiful home theater

Packer later embarked on «upgrades» to the property including remodeling the extensive grounds and gardens.

The estate includes several buildings, one of which is a three-storey accessory property, as well as maid’s quarters and a guest house.

It’s just one of the homes in Packer’s portfolio, which includes a $72 million apartment in the Crown Resort tower in Sydney’s Barangaroo.

Packer embarked on

Packer embarked on «upgrades» to the property including remodeling the extensive grounds and gardens. Pictured: One of the many areas of «entertainment».

Packer is believed to be selling the property to be closer to his children Indigo, 14, Jackson, 13, and Emmanuelle, 10, who he shares with ex-wife Erica Packer.

The twice-married father-of-three said in June 2023 he was ready to begin the «third act» of his life, including a planned return to his hometown of Sydney.

Meanwhile, Packer has other properties in Argentina, Mexico and Aspen.

He also makes use of a yacht which he uses to cruise around luxury destinations in the Mediterranean.



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