Magic Johnson lost his fortune because he spent a large amount of money on a 10,000 square meter mansion in Bel-Air

Mary Raleigh
01/12/2023

A Los Angeles Lakers player used to live in a six-bedroom Moraga Estates home that is currently listed for $14.5 million. The seller, Compass dealer Nancy Ellin, is also offering the gated community, which is 10,000 square feet, for sale. The house includes an indoor basketball court, six bedrooms, and a locker room with walls full of autographs from former NBA players.

Magic Johnson lost his fortune because he spent a large amount of money on a 10,000 square meter mansion in Bel-Air

Magic Johnson lost his fortune because he spent a large amount of money on a 10,000 square meter mansion in Bel-AirEllin bought the house in 2004 and made several high-end renovations. Ellin tells Mansion Global that after a thorough renovation, the house now has marble, custom cabinets, top-notch appliances, and Moroccan/Spanish design elements that were inspired by our travels. It’s a truly unique place to live and a great place to celebrate. Excellent grounds with a large brick patio, built-in barbecue, pool, and fire pit.

Magic Johnson lost his fortune because he spent a large amount of money on a 10,000 square meter mansion in Bel-Air

Magic Johnson lost his fortune because he spent a large amount of money on a 10,000 square meter mansion in Bel-Air

The entrance of the three-story house includes a drɑmɑtic lobby with a grand staircase and handmade wide wood plank flooring throughout. An beautiful formal dining room with custom built-ins and a silver leaf soffit ceiling is accessible from the first level.

Only a few steps separate the spacious living area from the family room, which includes a wood-burning fireplace and a seating rotunda in the Moroccan style. A unique chef’s kitchen with marble counters, a seating island, and a butler’s closet is near by. French doors leading to the backyard are located on all sides of a sizable breakfast area, allowing enough of light to enter.

The second floor houses the spacious main room. It offers a balcony, a sitting area, and a fireplace. The sleek, all-white master bathroom is stylish. It contains a Jacuzzi tub and a steam shower. The third level houses a sizable, fully equipped gym, three bunk beds for children, a guest bedroom, and a bathroom. Johnson has a custom-built indoor basketball court, as you may have imagined. You can peek through a window in the game area to see how your buddies behave if you’d like to merely observe.

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