Tracy Tutor sold Scott Gillen Malibu mansion. She explained on Bravo TV show Million dollar listing episode about her experience and struggle.
Million Dollar Listing Los Angeles star and real estate agent Tracy Tutor landed the listing for Scott Gillen’s $500 million portfolio, “The Malibu Series.” The three houses in the series have already been sold.
Tutor was introduced to the real estate world at a young age as her father, Ronald Tutor, is a well-known civil and building contractor in the US. She has been in the industry for over two decades, and she is one of the top agents at Douglas Elliman Beverly Hills. She is also the US ambassador for the Royal Atlantis Resort and Residences in Dubai.
She has consulted a luxury five-star hotel and resort, Amangiri in Canyon Point, Utah. She has represented notable brands and architects such as Pierre Koenig, John Lautner, and Frank Gehry.
Did Tracy Tutor Sell Scott Gillen House?
Yes, Tracy Tutor sold the houses of the Scott Gillen Malibu series. It was the biggest project in her real estate career.
According to Forbes, the three houses in the Malibu series have been sold, and the $500 million portfolio was launched by Tracy Tutor and Scott Gillen. The houses in the series were marketed by Tutor.
During an interview, Tracy mentioned that the portfolio is one of the most difficult things she has ever dealt with. She also stated that she had to shift her entire listing pitch and show Gillen that she was sophisticated and confident enough to walk the buyer through a $75 million house. Ultimately, she was able to do it.
During an episode of MDLLA, she stated that a $75 million home in the portfolio known as the New Castle was the largest listing she had ever done.
Tracy Tutor on Malibu Series Portfolio and How Much Did She Make?
During an interview, Tracy Tutor mentioned that she could earn around $10 million as a commission. She had landed the listing of a $500 million portfolio for developer Scott Gillen.
The Malibu Series portfolio consists of 13 luxurious and architecturally significant homes. The properties within the Malibu series include five case residences: the New Castle, Malibu Road Beach House, Cliffside, Paradise Cove House, Serra Retreat, Point Dume Compound, Carbon Canyon, and Who Homes: Where, Why, What, and Who?
The Malibu Series is designed and built by Scott Gillen and his firm, Unvarnished.
The New Castle
The New Castle is the first house in the Malibu Series. The house is located in one of Malibu’s most eye-catching sites, and it was priced at $75 million. The house includes a teak wine room, and the glass-enclosed room reveals a stunning panorama of the ocean beyond the three-sided infinity pool.
The kitchen is a custom-designed Baulthaup that features Gaggenau appliances, Miele, and Sub-Zero. The floors in the house feature signature hand-scraped 80-year-old White Oak.
The Case Residences
The Case Residence features five mid-century modern-inspired homes that are situated within a 24-acre guard-gated community in Malibu Bluffs. The price of the houses ranges from $50 million to $100 million.
The Case Residences are designed with a warm minimalist design that shows ocean views, and the residences complement Malibu’s natural beauty. The design, property, architecture, and location together are something that has never happened before in Malibu.
The Point Dune Compound
The Point Dume Compound at 29215 Cliffside Drive Home has four bedrooms and four bathrooms, and the two-story main house comes with ocean views, a movie theater, and an attached garage.
It also has a guest house that comes with a gym, kitchen, basement, and separate pool house. The house is priced at $25 million.
Malibu Road Beach House
The house is located at 24266 Malibu Road. The beach house features four bathrooms and four bedrooms in a 7,000-square-foot area, and the flooring of the beach house is made of white oak.
The house has three garages and an infinity-edge pool. The residence was priced at $25 million.
Tracy Tutor Net Worth
According to Cheatsheet’s report, Tracy Tutor has a net worth of $20 million. She has garnered this wealth from her real estate career.
Tutor is one of the most successful real estate agents, and she has her own real estate team at the well-known real estate firm Douglas Elliman. In December 2020, she sold real estate worth $40 million.
In 2019, she landed the biggest local residential portfolio of her career, which was worth $500 million. She also earns her revenue by appearing on the reality show Million Dollar Listing Los Angeles; she hasn’t revealed her exact earnings from the show, but as per the report presented by Business Insider, some reality TV stars can earn up to $10,000 per episode.
Apart from her real estate career, Tracy is also an author. She published her first book, Fear Is Just A Four-Letter Word: How to Develop the Unstoppable Confidence to Own Any Room, in July 2020. The book costs $20.23 and is available on Amazon.
Her family net worth is around $1 billion
Tracy’s father, Ronald Tutor, is a billionaire businessman. He is the CEO of Tutor Perini Corporation and the founder of Tutor-Saliba Corporation.
Ronald contracting companies, investments, and other business ventures have helped him generate revenue of $1 billion, Cheatsheet reports.
It is known that in 2018, Ronald purchased a mansion worth $22.5 million in the town of Golden Beach. According to The Hollywood Reporter, Ronald purchased a 258-foot yacht for $65 million in 2012.