A massive Beverly Hills estate registered under an entity owned by the ex-wife of Bambang Trihatmodjo, son of Indonesian dictator Suharto, may soon be taken off the market.
The 20,162-square-foot mansion on Beverly Park Terrace went under escrow Sunday after more than a year on the market, The Real Deal has learned.
It first listed for $35 million before its asking price was more recently chopped to $30 million, or $1,455 a square foot. The property also has HOA fees of $2,500 a month, according to the listing.
While the final sale price is unknown, a spokesperson with listing brokerage the Agency confirmed the property entered escrow this week.
The buyer is also Indonesian, sources told The Real Deal.
Located inside the exclusive Beverly Park community with neighbors such as Rod Stewart and Sylvester Stallone, the 10-bedroom, 15-bathroom mansion has a two-story wood-paneled library and wet bar. There’s also a custom-built playground, tennis court and hand-cut mosaic pool and spa on the sprawling 5.66-acre lot.
The mansion, built in 1994, is considered to be one of the original Beverly Park homes and was built by a family member of Suharto, sources said.
Trihatmodjo’s father Suharto was Indonesia’s second president, holding office for 32 years. His dictatorship was one of the most brutal and corrupt of the 20th century and it’s estimated he embezzled $15 to $35 billion from state coffers, according the New York Times. However, the country saw economic growth and stability during his reign.
Trihatmodjo became chairman of a conglomerate of roughly 90 companies during his father’s presidency with interests ranging from shipping and cocoa to hotels and even condoms.
Trihatmodjo was reported to be the owner of the property as late as March 2016. However, the home is now owned by a company registered under Trihatmodjo’s ex-wife, Halimah, according to property records.
Farrah Aldjufrie, Mauricio and Eduardo Umansky of the Agency have the listing.