Before they founded Jaman Properties, Michael Mannheim and Janus Cercone were award winning Hollywood fixtures. Mannheim was an Emmy Award-winning producer and author, while Cercone was a screenwriter who wrote the Tony-nominated Leap of Faith. Since 2003, however, they have found second careers as luxury real estate developers.
In the last 13 years, they have redeveloped or custom built eight luxury properties around L.A.’s most exclusive neighborhoods. Their buyers include some of Hollywood’s rich and famous elite. Most of their homes are sold in private transactions off the market.
Their latest project has connections to both the Hollywood elite and the Washington elite. It is the former home of Ronald and Nancy Reagan in the Pacific Palisades, which served as their primary residence until 1980, when Ronald Reagan was elected President.
Mannheim and Cercone have made extensive changes to the styling of the house, thoroughly modernizing the interiors, but they have also left hints of its presidential past, such as Reagan’s living room bar.
The new features are about as luxurious and high-tech as they come. They include a complete overhaul of the kitchen with a hand-made Italian range, a detached show garage with built-in draft beer dispensers, elevator, a climate controlled 2,000 bottle wine cellar, and a screening room with a built-in projection system.
Of course, a house like this is just begging to be shown off to others, and it is perfect for entertaining.
The remodeled veranda includes incredible views of L.A.’s most beautiful sites and landmarks from the Griffith Observatory, to Hollywood and Beverly Hills, to Santa Monica and the Pacific Ocean. At 125 feet long, it can accommodate as many people as you can invite, and is heated for the cool southern California nights.
For guests that may be in for an extended stay, there’s a guesthouse complete with a mini-kitchen.
Jaman’s properties are not listed on the open market, but the redeveloped Reagan home is being represented by David Offer at Berkshire Hathaway Home Services at $33 million.