Nail Polish Mogul Spends $39M on Century City Penthouse

LA County’s Priciest Condo Sale in Recent Years

Former OPI executive Miriam Schaeffer has set a new record in Los Angeles County’s condo market with her $39.1 million penthouse purchase at Century City’s luxury skyscraper The Century. The sale marks the most expensive condo trade in at least the past three years, according to Zillow records reviewed by TRD research.

Penthouse Features

The seller is a limited liability company called RV 702 managed by Arthur King, property and state records show. Douglas Elliman’s Bachir Oueida represented the seller, while Sotheby’s International Realty’s Jacob Dadon negotiated on behalf of the buyer.

The penthouse, located on the 39th floor of 1 West Century Drive, boasts upscale features such as:

• Hand-painted 22-karat gold leaf on the ceiling
• Floor-to-ceiling windows
• Macassar ebony walls in the living room
• 11-foot projector screens
• Over 9,400 square feet of living space
• Three bedrooms and seven bathrooms
• Four parking spaces
• Dedicated cabana
• Approximately 1,200 square feet of office space within the building

Previous Real Estate Deals

Schaeffer is no stranger to buying and selling luxury homes in L.A. County. In September, she sold her Malibu carbon neutral residence, Zero One, for $25 million. The property, located at 11865 Ellice Street, was purchased by Schaeffer in 2022 for $23 million, according to property records.

Schaeffer holds a collection of high-end homes in Los Angeles, Beverly Hills, Malibu, and Hidden Hills, according to property records. Many of these acquisitions were made over the past five years, including:

• A 4,300-square-foot home at 31048 Broad Beach Road in Malibu, purchased for $35 million in 2023
• Three properties purchased in 2021 for a total of nearly $51 million, located in Los Angeles, Malibu, and Hidden Hills

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Conclusion

Miriam Schaeffer’s $39.1 million penthouse purchase in Century City has set a new record in Los Angeles County’s condo market. The luxurious penthouse features some of the most upscale amenities available, and Schaeffer’s previous real estate deals demonstrate her affinity for luxury properties.

FAQs

Q: Who is Miriam Schaeffer?
A: Miriam Schaeffer is a former OPI executive and wife of George Schaeffer, who founded OPI in 1981 and sold it to Coty in 2010.

Q: What is The Century?
A: The Century is a luxury skyscraper located in Century City, Los Angeles.

Q: What features does the penthouse have?
A: The penthouse has hand-painted 22-karat gold leaf on the ceiling, floor-to-ceiling windows, Macassar ebony walls in the living room, 11-foot projector screens, and over 9,400 square feet of living space.

Q: How many parking spaces does the penthouse have?
A: The penthouse has four parking spaces.

Q: Who represented the seller and buyer in the transaction?
A: Douglas Elliman’s Bachir Oueida represented the seller, while Sotheby’s International Realty’s Jacob Dadon negotiated on behalf of the buyer.