A billionaire heir to one of Coca-Cola’s largest distributors has sold his Beverly Hills Italianate mansion for nearly $25 million.

Eccentric Greek entrepreneur Alkiviades “Alki” David—who once offered $1 million to anyone who would streak in front of President Barack Obama—bought the home on celebrity-strewn Summit Drive in 2010 for $16.5 million, according to property records.

A few years later, Mr. David bought another slice of land from his next-door neighbors for $1.6 million, records show.

In total, the home sits on about an acre of land, including a large, grassy yard with a pool and hot tub, terraced hedges, a fire pit and an outdoor bar and kitchen area, photos of the property show. There also appears to be an elaborate children’s treehouse near the pool.

Mr. David, 48, whose family operates Coca-Cola Hellenic Bottling Company, which bottles and distributes the soft drink to dozens of countries in Europe, put the home on the market for $35 million back in 2015. He told The Wall Street Journal at the time that: “Nobody should consider offering anything less. The price is only going to go up.”

Things turned out differently, though, as he shaved $10 million of the listing price over the subsequent two years. The home sold this week for $24.95 million, according to the listing with Sotheby’s International Realty. A copy of the deed, which would identify the buyer, is not yet available in public property records.

Befitting a billionaire homeowner, Mr. David reportedly tiled the six-car garage with travertine marble to better house his collection of luxury cars and bikes—including an Aston Martin convertible.

The 16,000-square-foot home, with six bedrooms and 11 bathrooms, came with five fireplaces, a wine cellar and a home theater, according to the listing.

Mr. David could not immediately be reached for comment.

 

Courtesy of: Mansion Global and Beckie Strum