Billionaire pharma heir lists Lenny Kravitz-designed LA mansion for $35m
Frank Binder lists his Hollywood Hills mansion for thirty-five million dollars. He bought the property eight years ago for thirty-three million dollars. Binder is now focusing on his Ulyssia mega-yacht project. This ambitious project involves a two-billion-dollar floating residential community. The yacht is expected to begin sailing in the year twenty thirty.
Swiss pharmaceutical heir Frank Binder has put his Los Angeles mansion on the market for $35 million, eight years after purchasing the property. The mid-century modern home, designed by Lenny Kravitz, is located in the Hollywood Hills and boasts panoramic views of the city and the ocean. Built in 1964, the 10,700-square-foot estate underwent a significant renovation under Kravitz's Kravitz Design, incorporating textured stone walls, custom wood paneling, and floor-to-ceiling glass windows.
The mansion features four bedrooms, seven bathrooms, a commercial kitchen, a wine cellar, a screening room, and an infinity-edge infinity pool. Binder's motivation for selling the property is his ambitious project, Ulyssia, a $2 billion mega-yacht set to become the world's largest residential floating community upon its expected 2030 launch.
The 15-deck yacht will accommodate 122 luxury apartments ranging from 110 to 1,600 square meters, with prices starting at €10 million.
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