Hot Property: Producer Jon Peters sells Beverly Hills-area site for $12 million
Film producer Jon Peters ("Superman Returns," "Batman Returns") has sold a 6.5-acre residential lot in the Beverly Hills Post Office area for $12 million.
The site of the former estate of director King Vidor included house plans by architect Richard Landry. A 14-car underground garage and office are already on the three-parcel property, which sits behind gates. There are city and ocean views.
Peters sold to move to his ranch outside Santa Barbara.
The property came on the market in March at $19,995,000 with Jeffrey Hyland, Brooke Kaufman and Chad Rogers of Hilton & Hyland, Beverly Hills, sharing the listing.
-- Lauren Beale