‘Real Housewife’ Kyle Richards, Real Estate Mogul Mauricio Umansky Re-list Former Bel Air Home at Higher Price

·2 min read

He ranks as one of L.A’s most successful and high-profile real estate agents with $322 million in sales last year, according to L.A. Business Journal, and he co-owns one of L.A.’s top-performing property brokerages, but The Agency’s Mauricio Umansky has nonetheless faced a year’s long and so-far Sisyphean task to offload his former home just off Mulholland Drive, near the pin-drop-quiet end of a swerving cul-de-sac in in the affluent mountains between L.A.’s Bel Air and Sherman Oaks neighborhoods.

Umansky and wife Kyle Richards, a former child actor and the only original cast member to still be shaking her spendthrift tailfeathers on “The Real Housewives of Beverly Hills,” picked the property up in 2011 for $3.05 million. After six years, during which the house was prominently featured on RHOBH, Richards and Umansky upgraded to a more than $8.2 million estate in Encino, and it wasn’t too long before their former Bel Air home popped up for sale in an avalanche of publicity with an in-hindsight too optimistic price of almost $7 million. (The more than 6,200-square-foot home, with seven bedrooms and 8.5 bathrooms, was also made available as a short-term rental at an eye-popping $50,000 per month.)

A series of price cuts brought the asking price down to just under $7 million, and the rental rate was halved to $25,000 per month before it was taken off the market in late 2018 to accommodate a renter. Last summer, the once-again vacant house was tossed back on the market at $5.95 million. Alas, by Halloween the price had fallen to $5.695 million before it was taken off the market and rented out to Richards’ RHOBH cast mate Sutton Stracke at what Richards described on RHOBH as a friends and family rate of $20,000 per month.

Stracke, a Georgia debutante turned couture-obsessed Beverly Hills socialite who owns a Tony clothing and furniture boutique in West Hollywood, needed a place to shack up after she sold her longtime Bel Air home for $7.7 million and while she completed renovations on her new home, also in Bel Air, which she scooped up last fall for $5.35 million. Stracke must be fixing to vacate the premises — if she hasn’t already — because, Umansky and Richards have boldly re-listed the property at $6.75 million, more than a million dollars above the not-quite $5.7 million it was priced — and did not sell for — last fall.

Real estate is a family affair for the Richards-Umanskys, so it’s no surprise the property is co-listed with couple’s daughter, Alexia Umansky, of The Agency, of course, and Farrah Brittany, Richard’s daughter from a previous marriage, and also, of course, with The Agency.

More from DIRT