Mercer Vine, the brokerage firm whose listings included the Holmby Hills estate where Fox mogul Joe Schenck once lived, and Marilyn’s last home in Brentwood, has closed after its financier, Robert H. Shapiro, was recently implicated in a billion-dollar Ponzi scheme, as Peter Kiefer writes for the Hollywood Reporter. (Schenck befriended Marilyn in the late 1940s, and she sometimes stayed in his guest cottage. Milton Greene also photographed her in Schenck’s mansion, known today as Owlwood. The article gives no further details on Marilyn’s home at Fifth Helena Drive, which was sold for $7.25 million in 2017.)
“Two years. That’s all it took for luxury brokerage firm Mercer Vine to establish itself as a major player in L.A.’s cutthroat luxury real estate market. Eight-figure listings. Pedigreed listings like Marilyn Monroe’s former home in Brentwood.
Just months after it launched in 2016, Mercer Vine grabbed headlines for representing Shapiro in the $90 million purchase of the Owlwood Estate, a 12,200-square-foot property at 141 South Carolwood Drive, which once was owned by Tony Curtis and later by Sonny and Cher. At the time, it was the second priciest residential sale in L.A. history behind the Playboy Mansion. What was even more astounding was when Shapiro and Mercer Vine relisted Owlwood a mere nine months later for $180 million without having done a single lick of work on the estate.”