Paramount's Brad Grey Lists Former Frank Sinatra Home for Sale

Paramount Pictures CEO Brad Grey has listed for sale the Holmby Hills home he bought in mid-November and is asking $23.5 million for the formerFrank Sinatra-owned property.our editor recommendsParamounts Brad Grey Buys Frank Sinatras Home for $18.5 MillionFrank Sinatra, Warner Music in Love and Marriage Grey purchasedthe seven-bedroom North Carolwood Drive residence from an undisclosed seller for $18.5 million. The executive's real estate agent, Stephen Shapiro of Westside Estate Agency, said in an e-mail interview that Grey and his wifeCassandra Huysentruyt have "fallen in love" with another home Grey owns nearby in Bel-Air and have opted to remain there. Grey andHuysentruyt were married at the Carolwood house earlier this year. The Carolwood house is situated on 2.3 acres in a prime neighborhood that is also home toDanny DeVito and Rhea Perlman, philanthropistSuzanne Saperstein, and television producerBradley Bell, son ofThe Young and the RestlessandThe Bold and the BeautifulcreatorWilliam Bell. Shapiro said that Grey had considered a significant remodel of the 8,631-square-foot red brickMediterranean home or possibly building a new house there, which could have taken up to three years. Grey opted to not deal with the lengthy construction project, said Shapiro, chairman of Westside Estate Agency, who represented Grey when he purchased the property last year. At the time, it had been listed for $22.5 million. The property includes a motor court, chauffeur's quarters and swimming pool. The house has four main bedrooms and a staff wing with three others. It also includes two libraries and a garden room.The residence is next door toSaperstein's 35,046-square-foot Fleur De Lys estate, which is on the market for $125 million. Grey, a Sinatra fan, also had a connection to the late singer, who lived at the house in the late 1940s.THRreportedin December thatGrey first met Sinatra in Buffalo, N.Y., when the executive, 18 years old at the time, was working as a concert promoter. Grey later connected with Sinatra's family when he was producingThe Sopranos-- which used some of the singer's music. Sinatra bought the house in 1948 for $250,000, but had a short, rocky tenure there.James Kaplan, author of the biographyFrank: The Voice, previously told THR thatin 1950Sinatra's soon-to-be ex-wifeNancy Barbato Sinatrachanged the locks at their residence and they divorced a year later. Email: Daniel.Miller@THR.com Twitter: @DanielNMiller Related Topics Brad Grey Paramount Pictures

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