Jim Demetriades started assembling a sumptuous estate with a single house that he and his then-new wife Nancy had purchased for $8.4 million approximately 24 years ago, in December 2000. The legendary estate known as “Villa Theos,” which belonged to the seasoned computer entrepreneur, is currently up for sale in the posh Beverly Hills Post Office neighborhood of Los Angeles. It is seeking an astounding $85 million.
The Wall Street Journal was the first to report that the gated collection of red brick and stucco structures, which includes the since-renovated main house and several ancillary buildings, totaled tens of millions of dollars in construction. Spread across two parcels of land that span over two acres, the property boasts a variety of amenities, including a nightclub, bowling alley, shooting range, and underground man cave/bunker that is accessible via a tunnel.
What was the outcome? A main residence with an elegant formal living room with a reclaimed wood-beam ceiling, a wet bar, and an antique fireplace brought from France, as well as a luxurious master suite with two bathrooms and a separate sitting area beside the fireplace. It is surrounded by a number of guesthouses and office spaces, as well as a newly finished “coach house” with an Old West-themed nightclub complete with velvet sofas, disco balls, and a custom 50,000-watt speaker system with ceiling-mounted subwoofers.
Still, that’s not all! There’s also a subterranean man cave/emergency bunker with bulletproof doors, a 4,500-bottle wine cellar, a 20-seat movie theater, a bowling alley, a shooting range, a gym, and a classroom setup for the couple’s five grown children. Last but not least are the resort-worthy grounds, which feature over 140 fruit trees, a number of locations perfect for entertaining and relaxing outside, an infinity-edge swimming pool, and even a chicken coop. The grounds also offer stunning views of the ocean and city lights.
According to WSJ, the Greece native and Pasadena-raised founder and CEO of Kairos Ventures—a venture-capital firm that invests in groundbreaking startups and research in the technology, and life and physical sciences arenas—and his former actress wife are selling because they are “faced with the prospect of becoming empty-nesters sooner than expected.”
The listing is held by Drew Fenton of Carolwood Estates and Kurt Rappaport of Westside Estate Agency.