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Hot Property Maloof matriarch sells in Beverly Hil
Colleen Maloof , whose family's holdings include the Sacramento Kings and the Palms Casino Resort in Las Vegas, has sold her Tuscan-inspired home in the gated Mulholland Estates area of Beverly Hills for $7.3 million , according to the Multiple Listing Service.
That's 8.75% below the $8 million she paid for the home in 2006 , a search of property records shows , nearly 19% below the most recent MLS listing price of $8 ,985 ,000 and 33.6% below the November asking price of $10 ,995 ,000. Ouch.
There's more at latimes.com about her sale and the reduced asking prices of the homes of sons Joe and Phillip.
--Lauren Beale
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