Dole CEO Puts the Fruit of his Labors on the Market
Last year David H. Murdock sold an entire Hawaiian island. This year he's selling his iconic Bel Air estate.
Some might say the $30 million asking price for Dole Food Company Chairman and CEO David H. Murdock’s Bel Air estate is bananas. Others might say he’s just looking to make a juicy deal. Whatever the case, the 90-year-old billionaire recently listed the estate he bought in 2001 for $11 million from fashion designer Mossimo Giannuli and actress Lori Loughlin.
It is quite the compound. The American Colonial Revival-style manse was built in 1927 and designed by Gordon B. Kaufman, the same architect who brought you the Doheny Mansion (Greystone), the Hollywood Palladium, the Los Angeles Times Building and the Hoover Dam.
The approximately 12,400-square-foot, seven-bedroom, seven-bathroom main house has a grand entry gallery with 14-foot ceilings, arches and parquet walnut plank flooring that leads to an elegant living room with a view.
The spacious dining room has an attached gentleman's bar, and there is also a breakfast room, freestanding spiral staircase and a large sunroom with a view of Los Angeles, and maid's quarters.
Outside there’s a pool house, guesthouse, detached garage, and a tropical greenhouse, spread over 1.5 acres.
Murdock is a self-made man who is noted for major business deals. He privately acquired Dole in 2003, took it public in 2009, and just recently completed a merger that returned it to his own private domain. That made him the owner of Hawaii’s island Lanai, which he sold, just last year, to Larry Ellison, co-founder of Oracle, for $300 million. He reportedly is selling his Bel Air estate in order to spend more time on his large California ranch.
The property is represented by Hilton & Hyland/Christie's International Real Estate.