Why Al Pacino’s ‘dated’ rental home of 15 years might be demolished

Real Estate

The Beverly Hills rental Al Pacino has been living in for the last 15 years has hit the market for a whopping $16 million — and it is expected to be demolished once the owner finds a buyer, The Post can report. 

Previously owned by the late romance novelist Jackie Collins, the home was sold to real estate developer Ben Nehmadi in 2016 for $9 million. The home was not on the market at the time and the sale was done in an off-market deal.

Collins has been renting the six-bedroom, five-bathroom estate to Pacino since 2006. 

At the same time, Nehmadi also purchased the house next door to the iconic film star for $21 million — which Collins also owned and used as her primary residence up until her death, at age 77, in 2015 following a long battle with breast cancer. 

Pacino, 81, continues to live in the residence six years after her passing, apparently in a negotiated deal with Nehmadi.

Reps for Pacino and Nehmadi did not immediately respond to The Post’s request for comment.

The back side of the 30,000 square-feet property Al Pacino is currently renting.
The back side of the 30,000-square-foot property Al Pacino is currently renting.
Google Maps
An aerial view of the home.
An aerial view of the home.
Google Maps

While the listing remains active, photos of the home are scarce. Real estate agent Richard Meslan of Hilton and Hyland told The Post that is intentional. 

“The house is occupied with a tenant and he requires privacy,” Meslan said. “Whoever would purchase the property would most likely tear it down and build a new house.” 

“The reason someone would want to tear it down and rebuild is that the house is dated (it is in its original condition) and for the amount of land it has, someone would want to build a 10-15,000 square feet house on the property. The current house is 5,200 square feet,” Meslan explained. 

Built in 1922, the property was initially listed last summer for $17 million, but without any offers it was briefly taken off the market and returned with a price reduction. Exterior features of the home that Pacino has enjoyed include a pool and a tennis court. 

The listing suggests a buyer “bring your architect or contractor to either create and build a new home or do a major remodel to create your dream Tennis Court Estate on over a 30,000 square feet lot.” 

Nehmadi has already torn down and begun remodeling the house next door. 

“He plans on moving [next door where Collins lived] when the remodel is complete,” Meslan explained. 

“Godfather” star Pacino, a native New Yorker, sold off most of his properties in the last decade. 

In 2010, Pacino unloaded one of his homes in Palisades, New York, for $580,000. Three years later, he sold the guesthouse of his other Palisades property for a huge sum totaling $3.3 million, property records show.

The main house on the property remains under his ownership. 

Pacino has been nominated for an Academy Award nine times, winning an Oscar for his role in 1992’s “Scent of a Woman.”

Products You May Like

Articles You May Like

Mortgage demand drops as interest rates soar over 7%
Queens hotel begins its transformation into affordable housing
Erasure’s Vince Clarke sells fashion icon Jenna Lyons’ former Brooklyn home for $5.99M
Developers want to convert unused offices into housing — here’s what’s stopping them
Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing

Leave a Reply

Your email address will not be published. Required fields are marked *