Movie Theater Tycoon George Krikorian Sells Palos Verdes Estate

PALOS VERDES ESTATES, CA – George Krikorian, movie theater tycoon, is selling his oceanfront, Mediterranean-style estate in Palos Verdes Estates for $23,888,000. Just over a decade old, the 5-bedroom, 7.5-bathroom home is gated and includes a custom kitchen and indoor-outdoor dining.

It "rivals any five-star resort," Megan Neel, the listing agent, told Pasadena Star News. A dreamy saltwater infinity pool overlooks the ocean, but that's not the most impressive amenity – the garage can park nine cars. The kitchen is the perfect place to entertain guests, with a six-burner range/oven, griddle, and wok, a large center island with seating, and a butler's pantry. Cleaning up after a huge dinner party won't be a problem either, because there are three dishwashers.

To top it off, the elegant estate also includes a wine cellar and library, according to the newspaper.

• Address: 2729 Via Oleadas, Palos Verdes Estates, California
• Price: $23,888,000
• Square Feet: 11049
• Bedrooms: 5
• Bathrooms: 7 Full and 2 Half Baths
• Built: 2007
• Features: Breathtaking coastline/whitewater views and timeless design are the hallmark of this rare oceanfront, bluff-top estate. Exquisitely designed and expertly executed down to the last detail, this private gated home is created for elegant indoor-outdoor living that rivals any Five Star resort. Disappearing sliding door systems connect scenic patio/pool areas with the living, dining and master suite and the grand open floorplan creates a splendid background for entertaining. The luxurious master retreat includes up close surf and coastal views, dual fireplace, sitting area, large walk-in closet, and bath with shower, jetted tub, and separate vanities. The main level bedroom wing features 3 additional ensuite bedrooms, and an office with fireplace, attached 3/4 bath and rich wood built-ins, accented by a dramatic hallway overlooking the beautiful front courtyard. The custom kitchen will delight any chef with its 6 burner Viking range/oven, griddle and wok, 3 dishwashers, huge center island, walk-in pantry and butler's pantry with additional cooktop, Miele oven system, and refrigerator. Two generous family rooms enhance the living and entertaining space on this level. Downstairs is a one bedroom suite, large game room with bar, wine cellar, and laundry, plus a 9-car garage. The tranquil rear yard is accented by a saltwater infinity pool, putting green, fireplace, grill and koi pond, with ample room for al fresco dining or enjoying the natural vistas. A truly incomparable property!

This listing originally appeared on realtor.com. For more information and photos, click here.