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Media executive Chris Albrecht, who’s led both HBO and Starz during his four decades in the industry, just sold his Pacific Palisades retreat for $16.25 million good for the third-priciest transaction in the coastal community this year.
The sale wraps up a year-long effort that saw Albrecht first list the home at $18 million in 2020. He still eked out a small profit compared to the $16 million he paid for the property when it was newly built in 2017, records show.
The stately, East Coast-inspired traditional sits on half an acre in the Riviera neighborhood. Hedges and black shutters break up the whitewashed brick exterior, and inside, white walls mix with wide-plank wood floors in the sunny living spaces.