After Two Years, an Heiress’s Bel Air Mansion Finally Sells to a Fashion Entrepreneur
After a little more than two years and a couple of substantial price chops, media heiress and former actress Taylor Thomson has finally managed to unload her longtime Bel Air home for $27 million in an off-market deal. And though that’s far less than the member of one of Canada’s wealthiest families originally wanted, it’s still a whopping $19.6 million more than she paid for the place some 23 years ago.
Records indicate the discount-minded buyers who bought the English Tudor-style estate are digital entrepreneur Katherine Power and her husband, celebrity photographer Justin Coit. A cofounder of the Los Angeles-based fashion and shopping website Who What Wear—which was acquired by the British media company Future for an undisclosed sum in 2022—Power served as CEO of parent company Clique Brands for several years. She now operates the beauty brands Merit and Versed, and also owns the organic wine brand Avaline with actress Cameron Diaz.
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As for the pair’s new digs, they were constructed and designed way back in 1926 by noted Hoover Dam architect Gordon Kaufmann. One of the first homes ever built in Bel Air, the premises underwent an expensive renovation and restoration by Thomson during her lengthy tenure.
Resting on a prime street, amid an acre-plus parcel dotted by mature sycamore and redwood trees, the property features a six-bedroom main house boasting nearly 9,000 square feet of living space punctuated throughout with colorful tile, vintage light fixtures, metal window frames, arched doorways and soaring wood-beam ceilings. There’s also a two-story guest house with a duo of bedrooms and an attached three-car garage.
Among the highlights: a formal living room displaying a stone-clad fireplace, an adjacent wood-paneled library and a fireside dining room that opens to a terrace. There’s also a gourmet kitchen decked out with marble countertops, top-tier stainless appliances, a spacious center island and floor-to-ceiling tile, as well as a plush master retreat flaunting a fireplace, walk-in closets and a spa-like bath.
Elsewhere in the house are five additional bedrooms, including a Moroccan/Turkish-inspired guest suite spotlighted by a French copper cheese vat that’s been converted into a tub; and outdoors, the lush A.E. Hanson-designed grounds host a large pool and spa enveloped by a grassy lawn, along with hidden meadows and pocket gardens.
With an estimated net worth of around $3 billion, Thomson is currently ranked as Canada’s second-richest woman. She’s a member of the Thomson family, which has amassed a collective fortune of about $44 billion as stewards of a media empire founded by her grandfather Roy Thomson; their biggest asset is Woodbridge, a holding company with a controlling stake in Thomson Reuters.
In addition to her just-sold Bel Air property, Thomson still maintains a multimillion-dollar real estate portfolio that includes a Santa Monica compound that had a starring role in Beverly Hills Cop and an 1880s mansion once owned by Gordon Lightfoot in Toronto’s pricey Bridle Path neighborhood, where one of her nearest neighbors is Drake. Power and Coit still lay claim to a 1920s Spanish-Colonial residence in the Little Holmby neighborhood of L.A. they picked up for $4.2 million in 2015 that has since been revamped and showcased in Architectural Digest.
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