Real Housewives of Orange County star Heather Dubrow and her husband Terry made a whopping profit of around $30 million from the off-market sale of their luxurious Chateau Dubrow mansion.
The couple purchased the lot for their Crystal Cove mansion in 2013 for $4.2 million and invested years in building the 13-room house according to their specifications. The construction of the 22,000-square-foot house cost approximately $21 million, bringing their total expenditure to just over $25 million.
The opulent house boasted a champagne room and 14 bathrooms. The state-of-the-art movie theater alone cost $1 million, the same amount they allocated for building a movie theater in their current Beverly Hills home.
The sale price of the mansion was a staggering $55 million, leaving Heather and Terry with a profit of around $30 million. If the $21 million amount includes the land, then the Dubrows profited even more, approximately $34 million!
The anonymous buyers, reportedly from Asia, were represented by Front Gate Real Estate. Interestingly, the same buyers also purchased Mark Walberg’s L.A. mansion for the same price of $55 million, just four months after the Dubrow sale.
Million Dollar Listing: Los Angeles star Josh Altman was the realtor behind the history-making sale. This deal was the top sale in Orange County for the year and the third-highest Orange County sale ever recorded.
“This is the third-highest sale in the history of Orange County,” Altman told Heather and Terry.
“I see the best houses in the world,” Altman said. “I haven’t seen a house like this throughout my career.”
On Heather’s podcast, Josh Altman shared that the sale was an emotional experience for Heather, as she had not built the house with the intention of selling it.
“So there was a lot of nervousness in the deal. We’re not talking about a small deal here. This is not like a million, $5 million, $10 million deal. I’m trying to make waves in Orange County. This house is not just a spec house to [Heather]. There were so many emotions in that deal,” he said.
Heather also acknowledged that the house “became a character on the show.” When Heather returned in Season 16 after a hiatus, the house was at the forefront of her storylines.
The house holds many personal touches, including glass etchings with birds representing the Dubrow children. There are even two little eggs in a nest that symbolize Heather’s frozen embryos.
There’s a bee to represent her grandmother, and a heart with H and T initials for Heather and Terry.
The Beverly Hills Renovation Project
“I thought when we sold that house we would need a more relaxed situation,” Terry Dubrow said. “Now it’s elevated.”
After the $55 million sale of Chateau Dubrow, Terry and Heather purchased a two-bedroom penthouse in downtown L.A. They also rent a penthouse at the Balboa Bay Club in Newport Beach, allowing Terry to have an easy commute to his office and spend more time with his mother.
And then, of course, they purchased their new project: their Beverly Hills house, which they’re currently renovating. They plan to take the house “down to the studs” but are living there with staging furniture in the meantime.
That brings their current total residences to three. They own the Beverly Hills house, the LA Penthouse, but are renting the Bay Club house.
The sellers of their Beverly Hills home, which has a rich Hollywood history as the former home of Lana Turner and many film producers, initially asked for $40 million, but the Dubrows managed to snag it for $16 million.
The house, built in the 1940s, presumably requires a significant amount of work. Some current expenses for renovating the house include $2-3 million for landscaping, $2 million for the guest house, and a $1 million movie theater. In total, they’re looking at spending $32 million on the house.
Here’s a Christmas House Tour with beauty influencer Patrick Starr at the Beverly Hills house. The house had a vintage film-style theme as a nod to all the Hollywood producers who have lived at the home.
The house was adorned with many film-inspired decorations, including a slate, megaphones, and film mixed in with the garland.
Emily is also renovating
The Dubrows aren’t the only RHOC castmates with a home renovating project. Emily Simpson has been remodeling her house for the past two years.
At this point, she’s moved on to the kitchen and hasn’t had a kitchen sink for weeks.