A few months after signing a $190 million contract with the Lakers, Anthony Davis re-invested a substantial portion of his earnings in a new residence in Los Angeles. The Real Deal first reported that the Chicago native paid a staggering amount for a mansion in Bel Air Crest, a guard-gated community nestled in the mountains between Bel Air proper and the San Fernando Valley.
Developed in the late 1980s and early 1990s, Bel Air Crest consists of approximately 200 residences, the majority of which are Mediterranean-style mansions with private driveway gates. Other Bel Air Crest residents have included Gordon Ramsay, Kathy Gryphon, Kim Kardashian, and Kanye West, who resided in the area while their Hidden Hills mega-mansion was being built.
According to public records, Davis paid exactly $31 million for his new residence and secured a $20,1 million mortgage. His home was never listed for sale. The estate in question is the largest and most extravagant in the entire neighborhood, boasting approximately 20,000 square feet of living space and situated on a 3.5-acre promontory with breathtaking views of the Pacific Ocean and Catalina Island.
The eight-bedroom, nine-and-a-half-bathroom home was completed in 2010 and erected for the Changs, a local family, according to property records. The precisely symmetrical structure, which is perhaps best described as an International-style, European-influenced chateau fusion interpretation of the White House, was sold in 2016 for exactly $10 million to Ted Foxman, a retired semiconductor executive-turned-real estate developer. Subsequently, Foxman spent an additional fortune on the massive property’s restorations; the interiors were extensively redone, as was the landscaping, which is now much more lush and vibrant than before.
Foxman also indulged his decorative whims with the home, adding vibrant splashes of color throughout and even parking a vintage Porsche 356 in the living room, which was painted in a lovely aqua hue. The result of his labors, under the direction of L.A.-based interior designer Lonni Paul, was photographed for Elle Decor the previous year.
A massive dome atop the double-height vestibule gives the interior a solarium-like atmosphere. There is a music room for guitar jam sessions, a games room with a wet bar, a wine cellar, and a movie theatre, among many other intimate chambers. Despite its immensity, the property’s focal point is not the mansion but rather the breathtaking view and the 120-foot-long Olympic-quality pool. A poolside cabana, infinite grassy lawns, and a full-size tennis court are additional features.
Davis previously possessed a mansion in Westlake Village, which he purchased in 2018 for $7.5 million and sold in 2020 for a staggering loss of one million dollars. As for Foxman, who more than tripled his money on the Bel Air sale to Davis — before taxes and renovation expenses, of course — he has downsized to a $13.8 million mansion with a basketball court and 13,000 square feet of living space in Encino.