Michael Rubin Bought Ronald Reagan’s Old House for $70 Million

from Rubin's Instagram

From Jack Flemming at the LA Times:

Hollywood Hills just saw its priciest home sale ever. In the Bird Streets, a property once owned by Ronald Reagan has traded hands for $70 million — by far the most ever paid for a home in the neighborhood.

The buyer is Fanatics Chief Executive Michael Rubin, according to a source familiar with the deal who asked not to be identified because they aren’t authorized to speak publicly. Fanatics is a sports e-commerce company valued at $27 billion, and Forbes puts Rubin’s net worth at $10.2 billion.

70 million, eh? Probably chump change for Rubin. Trickle down economics. He’ll have to celebrate with a white party, featuring Bob Kraft, Jay-Z, and a bunch of rappers that only the Zoomers have heard of. Apparently the house is seven bedrooms, 12 baths, and has a movie theater, tennis court, and “Balinese-inspired swimming pool.”

The story goes on to say that the seller is “a limited liability company tied to Francesco Aquilini, a Canadian businessman and developer who serves as chairman of the Vancouver Canucks NHL team.” Apparently this dude sold a mansion to a film producer last year for $42.5 million, which is insane. I gotta get in the real estate business. Just gotta bang out a few Lansdale townhomes and then we’re on to Beverly Hills.

My idea for a television show: Million Dollar Listing: Gloucester County

It’s kind of like the fancy New York and Los Angeles shows, but instead of buying in Central Park South, the show follows a realtor trying to rent a Swedesboro duplex. The asshole who owns the duplex gets real annoyed because the agent wants to drop the price, and threatens to fire the agent, and then at the end of the show they find compromise and settle on a price. That’s how every single one of those Million Dollar Listing episodes goes. It’s the same show every time.