Paul Marciano Purchased Bird Streets Estate for $18.5 Million
The Hollywood Hills property set a neighborhood price record for 2026 after selling for $1,655 per square foot.
Updated on Sept. 18, 2026 in Residential
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Paul Marciano has acquired the estate at 9265 Robin Drive for $18.5 million. The transaction for the Bird Streets home officially closed in September 2026.
Why it matters
The sale marks a significant shift for the Bird Streets real estate market, setting the high-water mark for the area in 2026. This transaction follows an earlier listing price of $32.5 million by the previous owner, Casey Wasserman.
The property includes five bedrooms and seven bathrooms across over half an acre. The residence also features an eight-car subterranean garage, a gym, a theater, a dance studio, and an infinity pool.
The players
Paul Marciano
The buyer of the property and a prominent figure in the fashion industry.
Casey Wasserman
The seller and a high-profile media and sports executive.
Kurt Rappaport
The real estate professional who listed the property for sale.
Cooper Mount
The real estate representative who acted on behalf of the buyer.
The details
The residence was sold through a limited liability company managed by Marciano, with the deal reaching a contract stage in late August 2026. The home was originally brought to market in September 2025 with an asking price of $32.5 million before selling for $1,655 per square foot. Kurt Rappaport listed the property, while Cooper Mount represented the buyer in the transaction.
Timeline
Casey Wasserman purchased the home for $23.6 million in 2020.
The home was listed for $32.5 million in September 2025.
The property went into contract in late August 2026.
The sale of 9265 Robin Drive closed in September 2026.
The Home Front
This sale highlights the ongoing volatility in the luxury Hollywood Hills market compared to broader regional housing price trends. It serves as a reminder that even high-profile, custom estates are subject to significant shifts in market demand over a six-year holding period.
Homeowners in the Hollywood Hills should review recent comparable sales in the Bird Streets to understand how large-scale transactions influence local property values. When assessing your own home's position, consult with a licensed real estate professional for an accurate market analysis.
The takeaway
Large-scale luxury transactions like this one can cause ripples in neighborhood pricing expectations. Owners should maintain current appraisals of their property to stay informed about shifting local real estate trends.
Further reading
For more on local market shifts, visit the Los Angeles Residential section.
Source note: This article includes information reported by The Real Deal New York.
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