Josh Flagg's New Acquisition

Real estate mogul Josh Flagg is on the verge of dramatically expanding his portfolio again, with insider sources revealing that he is in escrow to purchase Charlie Puth's stunning $14 million estate nestled in Beverly Hills.

The Property Details

According to exclusive reports, the star of "Million Dollar Listing Los Angeles" is under contract for the chic 5-bedroom, 4-bathroom home located in the prestigious Trousdale Estates neighborhood. What makes this deal even more intriguing is that it's an off-market transaction, meaning that details about the offer remain tightly under wraps.

Charlie Puth's Purchase History

Charlie Puth bought the lavish property in 2017 for $9 million from renowned photographer Matthew Rolston. Initially listed at a whopping $17 million, the price was adjusted to $14 million when it returned to the market in May 2024. With Puth's significant price drop, it seems like Flagg may have hit the jackpot with this acquisition.

Architectural and Historical Significance

The home's impressive mid-century architecture, originally crafted in 1965 by celebrated L.A. architect Rex Lotery, has undergone extensive renovations over the years, enhancing its allure. But it’s not just the aesthetics that are fascinating; the property has a rich history as a social hub for the elite in Beverly Hills. Once the gathering place for Ronald Reagan’s inner circle, the home has also been owned by the iconic producer of "The Tonight Show," Freddy de Cordova.

Flagg's Real Estate Ventures

This isn't Flagg's first venture into high-stakes real estate. In March 2022, he made headlines when he paid $9.2 million for a sprawling 7,100-square-foot mansion in Beverly Hills, which he continues to own. His ambitions don’t stop there; in June 2023, he took a leap into the Miami market, securing a residence on the exclusive North Bay Road that solidified his status as a savvy investor.

Future Prospects

And now, with whispers of Flagg and his father, Michael Flagg—a successful businessman and former president of the family-owned fashion label, Edith Flagg—scouting properties in New York City, it’s clear that his real estate pursuits are far from over.

Conclusion

Could Josh Flagg soon be adding more A-list properties to his impressive collection? Only time will tell, but one thing is certain: this deal is shaping up to be a defining moment in his illustrious career!