'Real Housewives' Star Lisa Vanderpump's Former Mansion Is a Teardown

Lisa Vanderpump Home - H 2013

Lisa Vanderpump Home - H 2013

The 17,000-square-foot French chateau-style home sold for $19 million in 2011, but newer homes are appearing in the 30,000-square-foot range.

This story first appeared in the Dec. 6 issue of The Hollywood Reporter magazine.

Beverly Park is undergoing its first teardown -- of Real Housewife of Beverly HillsLisa Vanderpump's former 17,000-square-foot French Chateau-style manse that reportedly sold for $19 million in 2011. Although the house was damaged by fire last year, that may not be the reason the 23-year-old gated community is undergoing its debut demolition.

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"When Beverly Park was built, homes were 10,000 square feet, humongous at the time," says The Agency co-founder Mauricio Umansky, who sold the Vanderpump estate."The newer homes are at 30,000 square feet. This marks the beginning of a second generation of construction."

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As for the current owner? "If you put something large there," he says, "you'll have a $30 to $40 million home."