Media govt Chris Albrecht, who’s led each HBO and Starz throughout his 4 many years within the trade, simply offered his Pacific Palisades retreat for $16.25 million — good for the third-priciest transaction within the coastal group this yr.
The sale wraps up a year-long effort that noticed Albrecht first listing the house at $18 million in 2020. He nonetheless eked out a small revenue in comparison with the $16 million he paid for the property when it was newly in-built 2017, data present.
The stately, East Coast-inspired conventional sits on half an acre within the Riviera neighborhood. Hedges and black shutters break up the whitewashed brick exterior, and inside, white partitions combine with wide-plank wood flooring within the sunny dwelling areas.
