A billionaire heir to among Coca-Cola’s major distributors has sold his Beverly Hills Italianate home for almost $25 million.
Entrepreneur Alkiviades “Alki” David, 48, whose family runs Coca-Cola Hellenic Bottling Company, who previously offered $1 million to any individual who would streak face-to-face with President Barack Obama—bought the property on celebrity-strewn Summit Drive in 2010 for $16.5 million, based on real estate documents.
A couple of years afterwards, Mr. David acquired an additional cut of land from his next-door neighbors for $1.6 million, information show.
Altogether, the property sits on approximately an acre of land, together with a spacious, grassy lawn with a swimming pool and hot tub, terraced hedges, a fire pit as well as a patio bar together with kitchen area, pictures of the home show. There as well seems to be an elaborate children’s treehouse close to the swimming pool. Also said to be tiled the six-car car port with travertine marble to better keep his range of luxury cars and bikes—including an Aston Martin convertible car. The 16,000-square-foot house, with 6 bedrooms as well as 11 bathrooms, comes with 5 fireplaces, a wine cellar as well as a home theater, based on the listing.
Mr. David, place the property available on the market for $35 million way back in 2015. He said to The Wall Street Journal once that: “Nobody should consider offering anything less. The price is only going to go up.”
Things ended up in a different way, even though, as he shaved $10 million of the listing value over the succeeding 2 years. The property bought this week for $24.95 million, in accordance with the luxury real estate and homes for sale listing with. A copy of the deed, that would identify the buyer, is not at this point available in public property records.
Mr. David was unable to reach for statement.