Fashion Entrepreneur Sells Beverly Hills Home for $10.7 Million
The Real Deal Has Learned
Fashion entrepreneur Julie Wainwright has found a buyer for her contemporary Trousdale Estates home. The RealReal founder and former CEO sold her home at 590 Haynes Avenue in Beverly Hills for $10.7 million to a mystery buyer.
The Property and Buyer
The listing for the property, handled by Josh Flagg of Compass, described the Steve Hermann-designed residence as "hands down the best deal in Trousdale Estates." The 4,500-square-foot Haynes Avenue home sits on over half an acre lot that’s gated for privacy, featuring five bedrooms, five-and-a-half baths, Terrazzo flooring, and a private wing housing the primary suite. Outside amenities include a teakwood deck, infinity pool, and views of Trousdale Estates.
Keller Williams Realty’s Hang Zhang brokered the transaction on behalf of the buyer. Compass declined to comment on the buyer, while Zhang could not be reached for comment.
Background on Julie Wainwright and The RealReal
Wainwright, who stepped down from her RealReal CEO and chair duties in 2022, launched the luxury consignment marketplace in 2011. The company made waves for its digital approach to high-end reselling, entering brick-and-mortar in 2017 with a permanent store in New York that kickstarted its physical retail expansion. Two years later, The RealReal raised $300 million in an initial public offering.
Recent Real Estate Transactions
This sale marks another Trousdale transaction for Flagg in recent months. The home is less than a mile from 1875 Carla Ridge, the former home of singer Charlie Puth, which Flagg bought in an off-market deal.
Conclusion
Julie Wainwright has sold her Beverly Hills home for $10.7 million, marking another successful real estate transaction for the fashion entrepreneur. The sale is a testament to the appeal of Trousdale Estates properties and the expertise of real estate agents like Josh Flagg.
FAQs
Q: Who is Julie Wainwright?
A: Julie Wainwright is a fashion entrepreneur and the founder and former CEO of luxury consignment company The RealReal.
Q: What is The RealReal?
A: The RealReal is a luxury consignment marketplace that allows customers to buy and sell high-end items, both online and in physical stores.
Q: Who bought Julie Wainwright’s Beverly Hills home?
A: The buyer of Wainwright’s home was a mystery buyer, represented by Keller Williams Realty’s Hang Zhang.
Q: What is the value of Julie Wainwright’s Beverly Hills home?
A: The home sold for $10.7 million.
