Fight Promoter Lists Florida Estate

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(PALM BEACH, FL) -- Don King, world renowned promoter of boxing stars including Muhammad Ali, Smokin' Joe Frazier, 'Big' George Foreman, 'Iron' Mike Tyson, Evander 'The Real Deal' Holyfield and Sugar Ray Leonard, pulls no punches when it comes to discussing the marketing and sale of his oceanfront estate, 10 miles south of Palm Beach, Fla.

King, promoter of more than 500 world championship fights so far, and his wife, Henrietta, have hosted many events and parties on the estate since buying it for $14.3 million in 1999, but now that he is 77, he concedes that he "needs to downsize," because he finds it "inconvenient to walk from house to house" on his estate.

The two-house compound is 15 feet above the beach, which is accessed by way of a retractable staircase. The homes are adjacent to each other and are behind gates on nearly three acres. Each of the houses has a pool.

The Mediterranean-style main house has seven bedrooms, nine bathrooms and an open-air courtyard with a bridge over a fish pond. The second house has four bedrooms, nine bathrooms, a living room and an ice-cream parlor. At last count, the Kings had five grandchildren.

King listed the estate at $27.5 million with Pascal Liguori of Premier Estate Properties.

The promoter says he has no financial concerns, and he claims that nearly 100 boxers have earned $1 million or more each in Don King Productions-promoted fights.

King just wants to sell so he can live in smaller, more accessible quarters, he said, and he is looking to buy "a cozy, little house" priced from $5 million to $10 million. He fully intends to continue having an active life. Besides being a fight promoter, he is a music video producer, a singer, songwriter, guitarist, trumpet player and speaker advocating international peace.

Given the state of the U.S. economy, King expects the buyer to come from overseas.

King has long owned two homes in Las Vegas and two fight-training camps, one in his native Cleveland, Ohio, and the other about 65 miles north of Palm Beach. At one time, he also had a home in Los Angeles.

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The estate of Andrew McKelvey, who founded Internet job-search pioneer Monster.com, has put his New York City apartment on the market at $7.9 million.

The apartment, assembled from three units purchased in the 1990s, has a virtual golf driving range with artificial turf, a large video screen and a net.


The 6,000-square-foot co-op occupies the entire 41st floor of The Sovereign, a 1971 building.

McKelvey, died in November at age 74.

Lauren Cangiano of Halstead Properties shares the listing with Peter Kapp of the same firm.

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Real estate mogul Mohamed Hadid is known for his development of Ritz-Carlton hotels, but he also builds high-end homes on a grand Old World scale.

An example is this newly built Beverly Hills house, which came on the market in July at $16.5 million and was just reduced to $12.9 million.

Among its features are a Jerusalem stone bridge, doors thick as trees, glass windows running from floor to ceiling and three master bedroom suites. The house has six bedrooms, nine bathrooms, a home theater, a wine cellar and an infinity pool. Custom made furnishings are included in the price.

Alex Davis of Hilton & Hyland, Beverly Hills, shares the listing with Joyce Rey and Stacy Gottula of Coldwell Banker, Beverly Hills.

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Kevin Eastman, who created the Teenage Mutant Ninja Turtles of comic book, TV and toy fame, has reduced the price of his Beverly Hills home from a sliver under $4 million to almost $3.5 million.

The house has been listed since August. It has five bedrooms and six bathrooms in slightly more than 5,400 square feet. The Mediterranean-style home is in a guard-gated community.

There is a main house, a pool house or guesthouse, a detached building that could be used as a studio, office or gym, a pool and a spa.

Michael Eisenberg of Keller Williams Realty, Beverly Hills, has the listing.

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Donald De Line, producer of the movies "Body of Lies" and "Fool's Gold," has lowered the asking price on his Hollywood Hills home from close to $4.8 million to $4.35 million.

The home was listed in November.

The house has five bedrooms and 5.5 bathrooms in nearly 4,700 square feet. The yard is a soccer field in size. There is an outdoor pavilion with a fireplace near the pool, and there is a guesthouse with a bathroom.

"Body of Lies" stars Leonardo DiCaprio and Russell Crowe. "Fool's Gold" features Matthew McConaughey, Kate Hudson and Donald Sutherland. Both films were made in 2008.

De Line, past head of Paramount and Touchstone studios, also produced "The Italian Job" (2003), "The Stepford Wives" (2004) and "Without a Paddle" (2004).

Ernie Carswell of Teles Properties Inc. Beverly Hillshas the listing.

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