Longtime RH chief executive Gary Friedman now has a second house just 12 doors away from another Carbon Beach home he recently purchased.

Gary Friedman, the billionaire CEO of RH (formerly Restoration Hardware), has made headlines with his recent double purchase on Carbon Beach. Acquiring two contemporary homes, the most recent transaction involved a 4,000-square-foot residence, which fetched $28.5 million. Interestingly, both beachfront properties on the exclusive Carbon Beach belong to Friedman, raising questions about his plans for the adjacent houses.

Friedman’s second Carbon Beach house is a 1950s structure that’s been radically reimagined in recent years.

The latest purchase, a revamped 1950s structure, underwent significant changes under the ownership of billionaire Robert F. Smith from 2018 to 2021. Smith utilized the property as a high-end rental before selling it to property developer Saffron Case and her husband Timothy in late 2021 for $21.8 million. Following a comprehensive remodel by the Cases, the house was recently sold to Gary Friedman for the aforementioned $28.5 million.

Friedman’s dual ownership of expansive beach houses with similar aesthetics sparks curiosity about his intentions. While it remains unclear why he acquired two properties in such proximity, speculation includes the possibility of one serving as a temporary residence during renovations or as a guesthouse for friends and family.

The newly acquired residence boasts a redwood-sided structure with modern interiors. The expansive great room features custom rift cabinetry and plaster walls, accompanied by a separate bar area. The fully remodeled kitchen includes stone countertops and white oak cabinetry. The main floor hosts three bedrooms, while the lavish primary suite spans the house’s length, featuring a private office, spa-style bathroom, and boutique-style closet.

The beachfront property’s outdoor space is designed for entertaining, featuring a 60-foot wooden deck, a built-in barbecue center, a fire pit, and an outdoor shower for beachgoers. Guarded by an electronic driveway gate, the residence offers a luxurious retreat on the coveted Carbon Beach.

Gary Friedman has been at the helm of RH since 2001, overseeing its evolution into a luxury home furnishings retailer. With a net worth exceeding $1.6 billion, according to Forbes, Friedman’s real estate portfolio includes the two Carbon Beach properties, a Beverly Hills mansion listed for $44 million, and a Los Angeles estate sold for $24 million in the previous year.

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Kay Adams

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