Inside Stephen Dickoff’s Hilltop Los Angeles House – DIRT

Although he already owns New York properties and a multi-million dollar villa overlooking the turquoise Caribbean waters of Peter’s Bay in the US Virgin Islands, financier Stephen Dickoff has just added another pricey piece to his real estate portfolio. The managing director of Black Diamond — an investment firm with $8.3 billion in assets under management — slashed more than $13.2 million for a luxury estate in the mountains above Beverly Hills.

That purchase price is slightly lower than the home’s original price of $14.5 million, but still well above the $9.2 million that Greek shipping heir Paris Latsis paid for the half-acre property just over 16 years ago, in the spring of 2006. During the Latsis ownership The Beverly Crest spread was leased to rapper Sean “Diddy” Combs, who lived there from 2008 to 2013.

It’s entirely possible that this is the home of Stephen Dickoff, Jr., a 27-year-old fellow Black Diamond. Whatever the case, the Dickoffs have some new wealthy neighbors – his new home sits right between the late Paul Allen’s funicular-equipped estate, which recently sold for $45 million to an obscure buyer, and a $29 million mansion recently sold to billionaire tech heiress Sophie Schmidt. Own the house across the street.

Built in 2004, the modern three-story building recently underwent an extensive renovation by Los Angeles-based interior designer Michael R. Muller, all while “maintaining its original character and distinctive design,” according to the listing. Five bedrooms and six bathrooms are spread over just over 7,000 square feet of inverted living space that features wide oak floors and glass walls throughout, plus an elevator and a Crestron smart home system.

A marble-walled patio backed by an olive tree-shaded water feature is connected to a glass front door secured with a keyless entry. The spacious foyer is topped by a skylight and shows a spiral staircase adorned with a Chihuly chandelier. Upstairs, there’s a plush main retreat complete with fireplace seating, a private balcony, designer display cabinet, and a luxury bathroom.

Elsewhere is a huge large room with a fireplace and wet bar, connecting to a separate dining area and a remote kitchen equipped with double islands, professional level Wolf and Gaggenau appliances and breakfast nook. There’s also a sunken fireplace living room that flows into a resort-like backyard that hosts an infinity-edge pool and spa set alongside a grass-covered sun terrace, as well as a barbecue station.

Both sides of the deal were rejected by Alex Leibowitz and Aaron Kerman of Compass.

%d bloggers like this: