POMONA, CALIF.—Casa Encantada, a storied Los Angeles estate at the heart of a contentious foreclosure battle following the death of telecommunications mogul Gary Winnick, has sold at auction for $130 million.
The buyer’s identity couldn’t be learned.
Casa Encantada was the longtime Bel-Air home of Gary and his wife, Karen Winnick. The property and another home in Malibu were used to back roughly $155 million in loans that entities associated with Gary took out starting in 2020. Lender CIM Group, which was co-founded by Gary’s longtime friend Richard Ressler, filed a notice of sale on both properties in September, alleging that the Winnicks had defaulted on loan payments…