Beats President Nabs the Most Expensive House in Silver Lake, Warner Music Exec Ditches the Upper E. Side
Nothing beats a futuristic hilltop home overlooking canyons, mountains and the bright lights of Los Angeles. At least that was the case for Beats Electronics president Luke Wood who recently put some of that Apple cash to work in order to win a bidding war for the most expensive home in L.A. suburb Silver Lake. According to Curbed LA, Wood paid $8.55 million for the John Lautner-designed, concrete-and-glass masterpiece known as Silvertop, which hasn't been up for sale since 1974 and has only had two previous owners.
Perched on a hill above Silver Lake Reservoir, Silvertop sports 3 bedrooms, 4 baths, an in-ground pool, tennis court, and a guest house across 4,721 sq. ft. The home has quite the reputation in the area. "Silvertop is to Los Angeles' residential architecture as Eero Saarinen's TWA Terminal is to New York City," declared the home listing (via Redfin). "Beyond function, both are beacons projecting the peak of America's optimism, and the creative strength of a period grounded in a strong faith in future possibility."
Wood reportedly paid $1 million over asking price for the classic home. (According to The Eastsider, the previous most expensive home in Silver Lake was purchased by recently ousted American Apparel founder Dov Charney for $4.1 million.) Before coming to Beats in 2011, Wood was chief strategy officer at Interscope Geffen A&M and president of DGC Records. He started his career at Geffen Records in 1991, working with artists like Nirvana, Sonic Youth, Elliott Smith and Jimmy Eat World.
Across the country in New York City, Curbed NY is reporting that Warner Music Group chief operating officer Robert S. Wiesenthal is looking to unload his five-story townhouse in the well-to-do Upper East Side neighborhood (true there aren't many non-well-to-do areas left in Manhattan, so). Wiesenthal bought the place in 2011 for $9.4 million and is hoping to get $10.5 million for it now -- a seemingly sweet deal for a big house in Manhattan with 6 bedrooms, 7 baths, a pair of fireplaces, a garden and a FRICKING ELEVATOR. Check out the real estate listing for the place, located on East 63rd Street.