Around 24 years ago, in December 2000, Jim Demetriades embarked on the creation of an opulent compound, starting with a single house he and his then-new wife Nancy acquired for $8.4 million. Never before offered on the market, the seasoned tech entrepreneur’s unparalleled estate named “Villa Theos” is now listed for sale in the sought-after Beverly Hills Post Office area of Los Angeles, commanding an impressive $85 million.
The garages.
As reported by The Wall Street Journal, the gated enclave of red brick and stucco buildings required tens of millions of dollars to assemble. It encompasses the meticulously renovated main residence and several additional structures, totaling 13 bedrooms and 16 bathrooms across 28,000 square feet. Situated on two parcels spanning over 2 acres, the property boasts an array of premium amenities, including a bowling alley, nightclub, shooting range, and subterranean man cave/bunker accessible via a tunnel.
A vine-covered entryway.
“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.
Hand-carved front doors.
The outcome? A primary residence highlighted by an elegant formal living room boasting a reclaimed wood-beam ceiling, a wet bar, and an antique fireplace imported from France. Additionally, there’s a luxurious primary bedroom featuring a separate fireside sitting area and dual baths. Surrounding these spaces are numerous guesthouses and office areas, as well as a recently constructed “coach house” that houses an Old West-themed nightclub complete with a disco ball, plush velvet sofas, and a custom 50,000-watt speaker system with subwoofers integrated into the ceiling.
The formal living room.
But that’s not everything! There’s also a 20-seat movie theater, bowling alley, shooting range, gym, and a classroom setup for the couple’s five grown children. Moreover, there’s a subterranean man cave/emergency bunker outfitted with bulletproof doors and a 4,500-bottle wine cellar. Lastly, the resort-style grounds offer stunning views of the city lights and ocean, featuring around 140 fruit trees, multiple areas perfect for outdoor relaxation and entertaining, an infinity-edge swimming pool, and even a chicken coop.
A dining area.
As per the report from WSJ, the founder and CEO of Kairos Ventures, a venture-capital firm focusing on innovative startups and research in technology, life, and physical sciences, who hails from Greece and was raised in Pasadena, along with his former actress wife, are putting their property on the market due to the unexpected prospect of their children leaving home soon.
The movie theater.
The property is being listed by Drew Fenton of Carolwood Estates and Kurt Rappaport of Westside Estate Agency.
An al fresco entertaining terrace.
An office space.
The nightclub.
A fireside sitting room.
A barbecue spot.
One of two primary bathrooms.
The primary bedroom.
A gym.
An aerial view of the property.
5 thoughts on “An extravagant Beverly Hills compound is being listed by a tech magnate for $85 million”