Around 24 years ago, in December 2000, Jim Demetriades embarked on the creation of an extravagant compound, starting with a single house he and his then-new wife Nancy acquired for $8.4 million. Never previously offered on the market, the seasoned tech entrepreneur’s extraordinary estate, known as “Villa Theos,” is now listed for sale in the sought-after Beverly Hills Post Office area of Los Angeles, with an asking price of $85 million.
The garages.
As initially reported by The Wall Street Journal, this gated ensemble of red brick and stucco buildings required tens of millions of dollars to assemble. It comprises the extensively renovated main residence and numerous additional structures, totaling 13 bedrooms and 16 bathrooms spread across 28,000 square feet. Situated on two parcels of land spanning over 2 acres, the property boasts luxurious amenities such as a bowling alley, nightclub, shooting range, and an underground man cave/bunker accessible via a tunnel.
The formal living room.
“Jim and I really sat down and thought, ‘OK, if we could have anything we wanted—the sky’s the limit—what would we want?’ And we just went for it,” Nancy shared with WSJ.
A vine-covered entryway.
The outcome? A main residence highlighted by a formal living room boasting a reclaimed wood-beam ceiling, wet bar, and an antique fireplace imported from France, as well as an opulent primary bedroom featuring a separate fireside sitting room and dual baths. Surrounding it are multiple guesthouses and office spaces, in addition to a recently completed “coach house” housing an Old West-themed nightclub adorned with a disco ball, velvet couches, and a custom 50,000-watt speaker system with subwoofers integrated into the ceiling.
The pool area.
But wait, there’s more! Also included are a 20-seat movie theater, bowling alley, shooting range, gym, and classroom setup for the couple’s five grown children, as well as a subterranean man cave/emergency bunker equipped with bulletproof doors and a 4,500-bottle wine cellar. And last but certainly not least: the resort-style grounds, which offer breathtaking views of city lights and ocean vistas, and feature around 140 fruit trees, numerous areas perfect for outdoor lounging and entertaining, an infinity-edge swimming pool, and even a chicken coop.
Hand-carved front doors.
As reported by WSJ, the Greek-born and Pasadena-raised founder and CEO of Kairos Ventures, a venture-capital firm specializing in pioneering startups and research within the technology, life, and physical sciences sectors, along with his former actress wife, are putting their property on the market due to the unexpected prospect of becoming empty-nesters.
A dining area.
The listing is managed by Drew Fenton of Carolwood Estates and Kurt Rappaport of Westside Estate Agency.
An al fresco entertaining terrace.
The movie theater.
An office space.
A fireside sitting room.
A barbecue spot.
The primary bedroom.
A gym.
One of two primary bathrooms.
An aerial view of the property.
