James Packer’s curious move on $132m mansion - realestate.com.au

It’s the $132m Hollywood home James Packer just can’t let go.

Billionaire James Packer took his Beverly Hills, Los Angeles, mansion down from multiple listing websites late last month.

The luxury offering had come with a rigid $US85m ($132m) asking price during its seven months online.

No word from within his Consolidated Press group on what’s behind the decision, but it appears Packer’s Hollywood era may not be done quite yet.

James Packer’s Beverly Hills residence. Picture: Supplied

The house has seven bedrooms, an eight-car garage, wine room, home theatre and cigar room. Picture: Supplied

The billionaire splits his time between California, Aspen, an Argentine polo ranch and a beach house in Cabo San Lucas, on Mexico’s Baja California peninsula, as well as sailing the Mediterranean, where his yacht IJE recently departed Monaco to spend the weekend in Antibes.

The decision by Packer to list the mansion last September followed his ex-wife Erica’s decision to have the couple’s three children educated in London.

The 2694 sqm house boasts seven bedrooms, an eight-car garage, wine room, home theatre and cigar room.

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James Packer. Picture: Scott Barbour/Getty Images

Vegemite! Source: Supplied

There are products from Australia around the home, a Vegemite jar sits on the kitchen shelves along with Aesop bottles in the bathrooms in the marketing photos.

The home was bought for $US59.5m, having been once owned by actor Danny DeVito and wife Rhea Perlman, who sold it in 2015 for $29m after living there for 21 years.

It was once rented by Ben Affleck and Jennifer Lopez.

It was in 2015 when Packer sold his Vaucluse mansion for $70m.

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Great for outdoor entertaining. Source: Supplied

Pictures of James Packer’s Beverly Hills residence. Source: Supplied

He retains a two-floor apartment in Crown Resorts’ Barangaroo tower, but with trips back to Sydney a rarity nowadays there are whispers he could offload, though presumably not until the complex secures a sellout.

Bloomberg reported there is now a $90m asking price on the unsold penthouse, which has been on the market at $100m since 2021.