This luxe California home is just the right fit for its new owner.
Fashion entrepreneur Julie Wainwright, the founder and former CEO of The RealReal — a long-popular luxury consignment company — has sold her stylish dwelling in Beverly Hills for $10.7 million, according to a release from its listing representatives.
News of the deal was first reported by the Real Deal, which added the identity of the residence’s new owner remains unknown.
Julie Wainwright. Getty Images for Parsons
The exterior of the Beverly Hills residence. Paul Barnaby
Even the entry dazzles. Paul Barnaby
A view of the layout. Paul BarnabyThe gated 4,500-square-foot perch didn’t spend long on the market. Property records show it listed in early August for $11.99 million. By September, it saw an even $1 million price reduction to $10.99 million. Come November, the deal was pending.
Wainwright spent $9.65 million for the dwelling in 2021, the records also show.
Wainwright launched The RealReal in 2011 — first online-only, then in brick-and-mortar form in 2017 with a store in New York City. (The RealReal now has three stores total in the Big Apple, plus a consignment office in Midtown.)
The dining area. CREDIT: Paul Barnaby
The spacious chef’s kitchen. Paul Barnaby
There’s room for a home gym. Paul Barnaby
The chic powder room. Paul Barnaby
The primary suite has a fireplace. Paul Barnaby
The pool looks out to wide views. Paul BarnabyIn 2019, the company raised $300 million in an initial public offering — and, by 2022, Wainwright stepped down.
The Steve Hermann-designed spread has massive floor-to-ceiling windows that let natural light pour in — as well as a grand open layout, a full wall of built-in shelves and a roomy chef’s kitchen. The primary bedroom has a stone fireplace.
Outside, and boasting wide city views, there’s a pool surrounded by a large deck with plenty of room for lounging.
In all, there are five bedrooms, five full bathrooms and a powder room. It all stands on a .57-acre lot.
Josh Flagg, of Compass, had the listing. Hang Zhang, of Keller Williams Realty, represented the new owner in the deal.
