There is some crazy shit possibly brewing up near the top of the Bird Streets in the Hollywood Hills, on the "mostly flat pie shaped promontory with unimpeded panoramic canyon, city and ocean views" known as the Crown. The ever-reliable Real Estalker hears that a Walmart heiress named Sybil Robson Orr (her father was the brother of the late widow of cofounder Sam Walton) and her entrepreneur husband Matt Orr have bought up two of the three properties on the Crown and are planning to raze and rebuild a new compound.
Back in 2011, someone--allegedly the Orrs--paid $19.5 million for a Mediterranean mansion on a little over an acre in the middle of the Crown (they bought it from Russian arms dealing heiress Daria Zhukova). Then, last August, they supposedly paid $17 million for the house on the neighboring .66-acre parcel (it was once owned by Lionel Richie, but they bought it from motivational speaker Grant Cardone).
Now the word on the Bird Streets is that they plan to tear down both houses, take out the swimming pool and tennis court on the smaller property, reroute the driveway, and start all fresh. Even RE is a little shocked: "If there is any veracity to these whispers and rumors, Mister and Missus Orr coughed up a hair raising $36,500,000 for a pair of parcels that combined come to just 1.73 acres." And with that kind of money flying around, plus a prestige piece of land, they're sure to be building something completely bananas.
One last interesting footnote: the third property on the Crown is the old Ricardo Montalban estate, which sold in November 2010 and was completely remodeled into a glassy spec house. That house sold last year in the biggest residential sale of 2012, for $38.98 million ... and the buyer is still unknown.
· Your Mama Hears... [Real Estalker]