» Wall Street Journal – Estate Once Owned by Eddie Murphy Asks $12 Million

Wall Street Journal – Estate Once Owned by Eddie Murphy Asks $12 Million

Wall Street Journal – Estate Once Owned by Eddie Murphy Asks $12 Million

http://online.wsj.com/news/articles/SB10001424052702303933104579307091027565468

By Candace Taylor

Jan. 9, 2014 7:57 p.m. ET

A California estate once owned by comedian Eddie Murphy is slated to go on the market this week for $12 million.

If it fetches that price, it will be the most expensive home ever sold in the Sacramento, Calif., area, said broker Nick Sadek of NRS Luxury Estates, who is co-listing the property with Jon Kirkpatrick of Chase International Real Estate.

The property is owned by Patrick K. Willis, a real-estate investor and founder of the Sacramento-based repossession firm American Recovery Service. Mr. Willis said he bought the home in 2007 from Mr. Murphy’s ex-wife, Nicole, after the couple divorced. The $6.1 million Mr. Willis paid still holds the record for the most expensive residential sale in the Sacramento area, Mr. Sadek said. Mr. Murphy declined to comment; Ms. Murphy couldn’t be reached to comment.

In the suburb of Granite Bay, the estate includes a 12,600-square-foot main home and a 5,200-square-foot guesthouse. There is a total of 10 bedrooms and 14 bathrooms, a nine-car garage, a swimming pool, and tennis and basketball courts, according to the listing agents. It is being sold furnished and still has the décor put in place by the Murphy family, including a “Shrek”-themed bedroom—a nod to Mr. Murphy’s role as “Donkey” in the animated films. The property also has a 12-seat screening room, an arcade parlor, four wet bars and a 1,200-square-foot gym with a sauna and steam room. There is also a Luigi Colani-designed Schimmel Pegasus piano, one of only a few in the world, the listing agents said.

The Murphys, who have five children together, bought the main house for $3.825 million in 1998, according to public records. They then paid $400,000 for the adjacent lot, Mr. Sadek said, where they built the guesthouse. The property totals 2½ acres.

Mr. Willis said he bought the home as an investment and never moved in. He used the property for philanthropic activities, and kept most of the staff to help maintain the home. He said he decided to sell for estate-planning reasons.

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