Gary Friedman, co-CEO and chairman of the board of home furnishings giant Restoration Hardware, has parted with two of his Californian homes in the last few weeks, according to property records.
In the wine country, Mr. Friedman, 60, sold his one-acre Napa Valley home at the end of August for $7.55 million, records show. It was originally listed for $10.5 million.
The six-bedroom, six-bathroom vineyard-surrounded home spans 5,770-square-feet and has a gym, a media room, a guest house, a pool and came fully furnished, according to the listing with Ginger Martin of Sotheby’s International Realty, who declined to comment on the sale. Mr. Friedman bought it in 2013 for $5.9 million, records show.
Mr. Friedman, who could not be reached for comment, embarked on a two-year remodel of the house and decked it fully in Restoration Hardware, reports said.
Further south in the state, Mr. Friedman’s Beverly Hills house sold for $11.33 million in September, records show.
Mr. Friedman bought the four-bedroom house—built in 1969—in 2014 for $10 million, records show.
The 4,230-square-foot home, in the affluent Trousdale Estates area, has high ceilings, a gourmet kitchen, an infinity pool and spa and a large motor court, according to the listing with Kurt Rapport of the Westside Estate Agency, who did not immediately respond to requests for comment.
Variety first reported the sales.
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