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Friday, Dec 1, 2023

Movie Mogul Lists Whopping $85 Million Thousand Oaks Home

Film producer Thomas Tull and his wife Alba Tull have listed their 33-acre compound in Thousand Oaks’ North Ranch community for a whopping $85 million. Clearly, anyone purchasing this private street-accessed and gated property — an assemblage of four parcels purchased across the last seven years —would get much more than a 32,000 square-foot, 12-bedroom, 32-bathroom main estate with a faux 18th century French chateau décor. The buyer also would obtain a 50,000-square-foot spread of land along with such amenities as a five-acre organic farm, Dolby-certified movie theater, wine room housing 2,500 bottles, sports court, pool house with Himalayan salt therapy room, 11,000-square-foot guest house and automobile museum. If the Tull property were to sell at anywhere near the asking price, it would set a record for a Ventura County residential sale. According to Fidelity National Title Co. in Westlake Village, the most expensive residential property sale on record was in July 2017 when an LLC paid $20 million for a Malibu property on the Ventura County side. One of Hollywood’s most successful producers, Tull founded Legendary Entertainment in 2000. In its relatively brief existence, Legendary —primarily with Warner Bros. or Universal — released a roster of blockbusters, including Christopher Nolan’s “Dark Knight” trilogy; Zack Snyder’s “Watchmen” and “Man of Steel”; and Todd Phillips’ “The Hangover” comedies. Following its 2015 release, Legendary’s “Jurassic World” devoured $1.6 billion in box office revenue to become the fourth highest-grossing movie globally of all-time (not adjusted for inflation). After Chinese conglomerate Dalian Wanda Group acquired Legendary for $3.5 billion in 2016, Tull resigned as chairman and chief executive. Last year, Forbes listed the net worth of Tull, a part-owner of the Pittsburgh Steelers, at $1.1 billion. Prompting the home sale: Tull and his family reportedly are relocating to Pittsburgh, where Tull will situate his Tulco holding company. Tulco, which fosters subsidiary companies via proprietary technology, is valued at more than $1 billion. The incubator works in partnership with Carnegie Mellon University, where Tull sits on the board. Companies already under Tulco’s fold include technology-based recycling and waste management firm RoadRunner, Edgeworth Security consulting services, and medical apparel-makers FIGS. According to Pittsburgh Post-Gazette and Variety reports, Tull recently sold a palatial 13,000 square-foot condo in downtown Pittsburgh, paid $15-million for a Georgian mansion in Edgeworth, Pa., and purchased Rivendale Farm, a 157-acre organic plantation in Pennsylvania’s Washington County. Jordan Cohen of RE/MAX Olson & Assoc. in Westlake Village is the listing agent for the Thousand Oaks estate.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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