Rod Stewart's former LA estate flips from $6.25m to $86m after restoration

A historic 5.8-acre estate in Holmby Hills, which includes the former 1925 Spanish Colonial Revival mansion of rock star Rod Stewart, has sold in two separate deals totaling $86 million (£68 million). According to real estate records published by The Wall Street Journal and reported by Galerie Magazine, the combined sales end more than 30 years of ownership by daytime television executive producer Bradley Bell and his wife, former diplomat Colleen Bell. The couple bought the original house from Stewart in 1992 for $6.25 million. They then spent two years restoring the property while also buying nearby land, eventually creating a nearly six-acre estate in one of Los Angeles' most exclusive neighborhoods.Estate divided between two buyersInstead of selling the full 5.8-acre property to one buyer, the owners divided it into two separate parcels. The larger parcel covers about four acres and includes the main 17,000-square-foot mansion.