Mega-Mansion Markdown: Milwaukee Brewers' Robert Beyer Cuts $20M From L.A. Asking Price

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30-06-2025

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Milwaukee Brewers minority owner Robert Beyer listed his enormous Los Angeles Brentwood estate for $75 million almost two years ago. However, buyers never stepped up to the plate, forcing Beyer to cut $20 million off the asking price in June. The property first came to life when Beyer bought the 3.5-acre plot for $8.75 million nearly 25 years ago.
Along with wife, Catherine, the multi-millionaires constructed an eight-bedroom, 13-bathroom mega-home, adding opulent value they now hope to capitalize upon in their sale. Realtor.com fawns over the property, reporting spectacular grounds, with 'rolling meadows, olive trees, formal rose gardens, courtyards, water features, tennis courts, and sports courts."
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Beyer says the acreage hosted a 'beautiful but dated ranch house" in the 1940s, characteristic of old Hollywood lore. He and his wife chose to update the structure, ripping the original structure from its foundation and building their dream home. They took the project one step further, adding acreage around the original parcel to "increase the home's footprint."
Ultimately, the couple constructed a 20,000 square-foot estate worthy of motion picture royalty.
Robert Beyer hob-nobs with L.A. elite, elected to the University of Southern California's Board of Trustees in 2021. He has chaired Crescent Capital, Chapparel Investments and TCW Group, managing assets in excess of $150 billion. That led to his minority stake in the Brewers in 2005, when an investor group took over ownership of the National League franchise. The team has posted a 1638- 1510 record since the wager, but hasn't been to the World Series since 1982.
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Architect Bob Ray Offenhauser designed the Mediterranean estate, cutting stone from Mallorca and transporting it to Los Angeles. The first build was completed 20 years ago, at the same time Beyer bought into the Brewers. The couple cited 'empty nest syndrome' for putting the property up for sale in 2023, after their four children reached adulthood.
They relisted the property for $69.5 million in March 2024, according to public records, a $6 million haircut. That didn't generate a sale and another $5 million was slashed off the listing four months later. This give-and-take continued into February 2025, when the family retreated and kept the estate off the market until June's 26% price cut. Los Angeles fires, social unrest and a slowing national housing market have contributed to their most recent posting.The new listing argues for the high price, according to Realtor, calling it 'one of the most important estates in Los Angeles", largely because it sits on a flat piece of land. The glowing review adds 'the villa is in pristine condition with exquisite detail, extensive use of imported stone and exceptional steel windows/doors by Architectural Iron Works.'
Keeping it in the family, son Andrew Beyer is handling the sale for realty firm Carolwood Estates, along with colleague Drew Fenton. But they still haven't found a buyer for this luxurious Mediterranean estate, which also features a gourmet kitchen and catering kitchen, large gym, 1,200-bottle wine cellar, game room, oversized four-car garage, and a service building with separate entrance.
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This article Mega-Mansion Markdown: Milwaukee Brewers' Robert Beyer Cuts $20M From L.A. Asking Price originally appeared on Benzinga.com