Fanatics CEO Michael Rubin spends record $70 million on Ronald Reagan’s former home

Abstract

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. Aquilini has been on a hot streak in Hollywood Hills over the last few years; he set the neighborhood's previous price record in 2020 when he sold a spec mansion to Jeffrey Gou, film producer and heir to the Foxconn fortune, for $42.5 million. Previous listings reveal the property was once home to Ronald Reagan and his first wife, actress Jane Wyman. Photos are scarce since the house was never officially listed for sale, but aerial shots show that the home underwent a significant remodel in recent years. The $70-million deal redefines the top of the market in Hollywood Hills, which always saw high-profile deals but never quite reached the blockbuster levels of neighbors such as Beverly Hills or Bel-Air. The top spot belongs to The One, a 105,000-square-foot mega-mansion that was auctioned off for $141 million, followed by Robbie Williams' compound in Beverly Crest, which Drake bought for $75 million.