Stavros Niarchos III Buys Landmark Home in Beverly Hills

After many guesses and long stories of who the potential preservationist might be, Richard Neutra’s Kronish House in Beverly Hills belongs now to Greek shipping heir and Paris Hilton ex-boyfriend Stavros Niarchos III.

Niarchos purchased the two-acre property last year for $12.8 million with the intention of saving it from demolition, according to Curbed LA.

The house had fallen into decay and its former owners started launching the necessary permits to demolish the modern construction and get a better deal out of a clear lot. Thanks to protest rallies and initiatives of local community preservationists, the house was in a Beverly Hills preservation program until Niarchos “stepped in to buy the home,” according to the New York Times.

Built in 1955 and designed by Richard Neutra, one of the most significant architects of modernism, the Kronish House is one of only three Neutra designs built in Beverly Hills.