By MATTHEW METER | Reporter
The Palisadian home of late entertainment magnate Michael King is up for sale at $38 million.
The Georgian-style home was designed by New York’s Ferguson & Shamamian and built in 2005. It sits on an acre-plus ridge in The Riviera, with panoramic city and ocean views, and features a swimming pool, infinity-edge spa and pool house.
King purchased the home for $11 million in 2002. He passed away three years ago at the age of 67.
His seven-bedroom, 13-bathroom mansion has a more than 15,000-square-foot interior, with design by the acclaimed Michael S. Smith.
A center hall foyer leads to formal living and dining rooms with polished mahogany floors, intricate ceiling moldings and an elaborate fireplace. The home also features a vast kitchen, sunroom, library/office, game room, gym, state-of-the-art movie theater with tiered seating and extensive staff quarters.
The master suite holds a sitting room, his and hers bathroom and a terrace balcony.
The $38 million price point is a re-listing after the property originally entered the market at $42 million two years ago.
Elisabeth Halsted of Berkshire Hathaway HomeServices holds the listing.
King and his brother Roger inherited King World Production from their father, Charles King, in the 1970s and helped grow the company into a syndication powerhouse, distributing such popular fare as “Wheel of Fortune,” “Everybody Loves Raymond” and “The Oprah Winfrey Show.”
The Kings sold the enterprise to C in 1999 for $2.5 billion in CBS stock.