Frank Sinatra Home Sold to Paramount CEO

What would you pay to live in one of Frank Sinatra's posh Los Angeles homes? Well it's sort of a moot point, now that Paramount Pictures CEO and longtime Sinatra fan, Brad Grey, bought up the joint for $18.5 million.

Sinatra's seven-bedroom hacienda-style estate, located in the well-to-do community of Holmby Hills, boasts a vast motor court, chauffeur's quarters, two libraries, a pool and a garden room. And judging by the photos below, Ol' Blue Eyes knew how to live it up.

Holmby Hills is home to some of Tinseltown's brightest, including Danny DeVito and Rhea Perlman, and is the site of the late Aaron Spelling's mega-mansion, on the market for $150 million. The property was previously listed at $22.5 million and was on the market since September. It's rumored that Grey spoke to Sinatra's family before buying the estate, though no Sinatra has lived there for many years.

Find Local Homes for Sale Browse through photos of millions of home listings on AOL Real Estate See Homes for Sale Search Foreclosures for Sale But it wasn't always "Days of Wine and Roses" at the Sinatra residence.

Sinatra began living there at a tumultuous time in his life. He bought it in 1948 for $250,000, according to biographer James Kaplan – a very large investment, considering his financial situation at the time. The chairman of the board's career was in something of a rut and his marriage to Nancy Barbato Sinatra was on the rocks. In 1950, his soon-to-be ex-wife allegedly changed the locks to the estate.

But that's life. Love and marriage – you can't have one without the other.

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