Sumner Redstone’s Beverly Park mansion sold for $27 million

Rufus Hankey pays cash to the house of the late Viacom president

In the hot real estate market in Los Angeles, even the best properties don’t last long in the market.

Rufus Hankey of Hankey Group bought Sumner Redstone’s final Beverly Hills property for $27 million less than a month after it hit the market, reported.

The 15,400 square foot mansion was funded by the Don Hankey corporation, Hankey’s father. That’s reportedly about $900,000 less than the asking price for the property at 31 Beverly Park Terrace.

Redstone died last year at the age of 97, with a net worth of $2.6 billion. He bought the mansion from actor Sylvester Stallone in 2002 for $14.5 million and lived there until his death. Additionally, in January, Stallone listed a 21,000-square-foot mansion nearby.

The Beverly Park Terrace Spread was built in the 1980s and has 5 bedrooms and 9 bathrooms. The 4-acre site is located at the end of a gated driveway. The fitness area includes an indoor pool and gym. There is also a wine cellar, library and office, as well as a home cinema.

The back of the house opens onto a patio and an infinity pool with canyon and city views. There is also a secluded spa and a sunken tennis court.

Rufus Hankey is also the lead software developer at Nowcom. He recently split from wife Amber, who bought him a $10 million home in Beverly Hills earlier this year, according to Dirt.

Meanwhile, Don Hankey bought a home in Malibu for $21 million in May.