Former Disney CEO Bob Chapek Sells Los Angeles Estate For $13 Million
Former Disney CEO Bob Chapek has successfully offloaded his expansive trophy estate in Westlake Village, California, for $13 million. The sale comes just months after the property was initially listed for $14.95 million in January, signaling a swift deal despite the sevenndigit trim from the original asking price. Chapek, who led the entertainment giant from 2020 through late 2022, reportedly purchased the retreat for $12.5 million three years ago.
The nearly 10,000-square-foot residence is nestled in the guard-gated enclave of North Ranch Country Club Estates. Known for its lush landscaping and resort-style amenities, the property features six bedrooms, high-end finishes, and extensive outdoor entertaining spaces. The sale highlights the continued movement in the Los Angeles luxury market among high-profile executives who are rebalancing their real estate portfolios.
Industry watchers are keeping an eye on whether this quick turnaround reflects a stabilized appetite for high-end suburban California estates or simply Chapek's desire to relocate following his high-profile exit from Disney. While the final price fell short of the initial ambitious goal, the $500,000 gain over his 2021 purchase price represents a modest win in a volatile luxury landscape.
This story was originally reported by realtor.com.
