Robert Flaxman, the Southern California real estate developer who was sentenced for his involvement in the college admissions scandal, just listed two Beverly Hills properties for a combined total of $38 million.

Robert Flaxman

Robert Flaxman

Together, the neighboring properties sit on two acres and are next to the Greystone Mansion, a Tudor-style estate built in Beverly Hills in 1928 and often used in film and television sets. According to the Wall Street Journal, which broke the story, the first property is a 5,500-square-foot Regency-style house that Flaxman bought in 2017 for around $12 million. When the owner of the property next door passed away, Flaxman bought that home for $11.23 million in 2019.

The chief executive of Crown Realty & Development, Flaxman, 64, served a month in prison after pleading guilty to paying $75,000 for a university test proctor to falsely raise his daughter’s ACT score. He was one of numerous high-profile people, among them actresses Felicity Huffman and Lori Loughlin, caught up in a 2019 FBI investigation that found wealthy parents paying large sums of money to bribe officials and get their children into top colleges.

The larger of the two properties has four bedrooms, a bar, several fireplaces and a pool. The property next door (the one he bought last year) is a three-bedroom house designed in midcentury modern style.

Rayni and Branden Williams of Hilton & Hyland and Tyrone McKillen of Compass are the listing agents for the two properties. They told the WSJ that the location next to Greystone Mansion gives the property enormous development potential and that, if the two are combined, a property worth as much as $100 million could be built on the land.

Flaxman had reportedly planned to the develop the property himself but, following the college admissions scandal, relocated to a ranch in Malibu instead.

Email Veronika Bondarenko

home selling
Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect is LIVE today! Join us and thousands of your peers from wherever you are.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription