Paramount Chairman and Chief Executive Brad Grey is asking $23.5 million for a house he bought last winter for $18.5 million
Mr. Grey and his wife, Cassandra Huysentruyt, who married at the 2.3-acre Holmby Hills property earlier this year, planned to overhaul the home, says Mr. Grey’s broker, Stephen Shapiro of Westside Estate Agency. But while customizing a home Mr. Grey owns nearby, they “fell in love” with it and decided to stay there, Mr. Shapiro says. The asking price is $1 million more than it was at the time Mr. Grey bought the house; Mr. Shapiro says the value of the land alone warrants the price tag.
The six-bedroom, 8,000-square-foot home for sale was owned by Frank Sinatra in the 1950s.