After signing a $190 million contract with the Lakers just a few short months ago, Anthony Davis invested a significant chunk of the money into a new Los Angeles home. An eye-popping sum was paid by the Chicago native for a huge home in Bel Air Crest, a guarded community halfway between Bel Air and the San Fernando Valley tucked into the mountains.
Bel Air Crest was developed in the late ’80s and ’90s, and consists of about 200 homes, most of which feature hulking Mediterranean-style mansions with their driveways. In addition to its security features and semi-remote location, Bel Air Crest is a popular celebrity haunt. Other Bel Air Crest residents include Gordon Ramsay, Kathy Griffin, Kim Kardashian, and Kanye West, who lived there while the Hidden Hills mega-compound was being built.
In Davis’ case, the house was never on the market, but records show he paid $31 million for the new home, along with a $20.1 million mortgage. There’s no doubt that’s a lot of money, and it’s easily the most ever paid for a Bel Air Crest home, but the estate in question is also the largest and most lavish in the entire neighborhood, boasting approximately 20,000 square feet of living space and set on a 3.5-acre promontory with views of the Pacific Ocean and Catalina Island from jetliners.
In 2010, the 8-bedroom, 9.5-bath house was completed for the Changs, a local family, according to property records. For exactly $10 million, Ted Foxman, a retired semiconductor executive turned real estate developer, purchased the perfectly symmetrical structure, which resembles a vaguely international, European-influenced chateau fusion take on the White House. The interiors of the property were extensively redone, as was the landscaping, which now feels lush and vibrant compared to before. Foxman spent another fortune renovating the giant property.
As part of his decorative whimsy, Foxman even parked a vintage Porsche 356, painted a lovely shade of aqua, in the living room, and added vibrant pops of color to the house. In 2018, Elle Decor published the result of his efforts, guided by interior designer Lonni Paul of Los Angeles.
In the foyer, a giant dome tops the double-height space, giving it a solarium feel. Endless public spaces connect to more intimate rooms — there are music rooms with guitar jamming, a games room with a wet bar, a wine cellar, a movie theater, and much more. The property’s main attraction, however, is not the mansion itself, but rather the stunning view and the 120-foot swimming pool, which is a true Olympic-worthy pool. You can also enjoy a full-size tennis court, a poolside cabana, and endless grassy lawns.
The estate Davis acquired in 2018 for $7.5 million was sold in 2020 at a steep, million-dollar loss after Davis purchased it in 2018. The Bel Air sale to Davis tripled Foxman’s fortune — before taxes and renovation costs, of course — and now he lives in a $13.8 million Encino mansion that features a basketball court and 13,000 square feet.
