Bel Air, Los Angeles · Provenance Record
822 Sarbonne Road, Bel Air
$75,000,000 · recorded 2019
Los Angeles, CA
A roughly 25,000-square-foot Bel Air residence built by Ardie Tavangarian of The Arya Group, sold in July 2019 for $75 million after being offered at $88 million. It stood among the eight highest residential prices recorded in Los Angeles at the time.
Branden and Rayni Williams and Jeff Hyland of Hilton & Hyland held the listing; The Hollywood Reporter reported that Jon Grauman and Mauricio Umansky of The Agency represented the buyer. Tavangarian had acquired the property out of bankruptcy in 2014 for $11.1 million and rebuilt it. The buyer was reported by several outlets as Liang Zhang, son of Guangzhou R&F Properties co-chairman Zhang Li, an identification that was never officially confirmed and that came while the grant deed was still unrecorded.
Sale Price
$75,000,000
Record Date
July 2019
Status
Closed
Property Type
Single-Family Estate
Listing Agent(s)
Branden & Rayni Williams, Jeff Hyland
Listing Brokerage
Hilton & Hyland, at the time of sale
Buyer’s Agent(s)
Jon Grauman, Mauricio Umansky
Buyer’s Brokerage
The Agency
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Sold · $11,100,000
Ardie Tavangarian buys the property out of bankruptcy
Developer Ardie Tavangarian of The Arya Group acquires the Sarbonne Road property for $11.1 million out of bankruptcy and takes a $16 million construction loan from First Credit Bank. The rebuild runs from roughly 2014 to 2018 and yields a house of about 25,000 square feet with a movie theater, a car elevator, an infinity pool, a two-story library and roughly 20,000 square feet of outdoor decks.
Sources: The Real Deal
Sold · $75,000,000
The estate sells for $75 million after an $88 million ask
Ardie and Tania Tavangarian sell the completed house for $75 million. Inman and Variety report the buyer as Liang Zhang, son of the Guangzhou R&F Properties co-chairman, and note that the identification was not officially confirmed and the deed not yet filed. Branden Williams, Rayni Williams and Jeff Hyland of Hilton & Hyland held the listing. The Hollywood Reporter later reported that Jon Grauman and Mauricio Umansky of The Agency represented the buyer. Coverage reports that the buyer found the property on a listing app and approached the listing side directly with an all-cash offer.
Press Citations
Every fact on this page traces to one of these sources.
Inman
Chinese billionaire buys $75M mansion after browsing Zillow
Inman reported the $75 million Bel Air sale of the roughly 25,000-square-foot Tavangarian-built house at 822 Sarbonne Road, naming Branden Williams, Rayni Williams and Jeff Hyland of Hilton & Hyland as the listing agents.
July 2019
Variety
Zillow-Loving Chinese Billionaire Buys $75 Million Bel Air Megamansion
Variety reported the $75 million price, the $88 million original ask, and that the grant deed had not yet been filed when the sale was covered.
July 2019
Mingtiandi
Guangzhou R&F Heir Said Buying $75M Bel-Air Megamansion
Reported the buyer as Liang Zhang, son of Guangzhou R&F Properties co-chairman Zhang Li, carrying the identification as unconfirmed.
July 2019
The Real Deal
The Real Deal’s profile of Ardie Tavangarian confirmed the 2019 sale of the Sarbonne Road house at $75 million and his $11.1 million purchase of the property out of bankruptcy in 2014.
September 2021
The Hollywood Reporter
‘Million Dollar Listing’ Alums Form New Team With ‘Buying Beverly Hills’ Castmembers
The Hollywood Reporter reported that Jon Grauman and Mauricio Umansky represented the buyer in the $75 million transaction at 822 Sarbonne Road, the only named news outlet to identify buy-side representation on the deal.
December 2022
Los Angeles Business Journal
Who’s Brokering Los Angeles: Jon Grauman
A sponsored advertorial in the Los Angeles Business Journal states that Jon Grauman of The Agency sold 822 Sarbonne Road for $75 million in 2019, which it ranks as the eighth-highest sale in Los Angeles history at the time. Marked as sponsored content rather than reporting.
2023
How This Record Was Verified
- Method
- Compiled from published editorial coverage of the sale and from a subsequent profile of the developer. Agent fields carry only representation named in reporting.
- Open entries
- Buy-side representation rests on a single named outlet. The contemporaneous July 2019 coverage names only the Hilton & Hyland listing team; The Hollywood Reporter named Jon Grauman and Mauricio Umansky on the buyer’s side in December 2022. The buyer’s identity was never officially confirmed, and the exact closing day is not stated in press.
- Sources
- Inman, Variety, Mingtiandi, The Real Deal and The Hollywood Reporter, with the Los Angeles Business Journal advertorial identified as sponsored content, each linked in full above.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.