The property at 808 North Alpine Drive, Beverly Hills.

The Australian film producer and businessman has sold his 975sq m mansion in Beverly Hills for $US15.955 million ($21.5m), ­according to the listing agents — 74 per cent more than what the ­reality-TV personality paid four years ago.

Banks, whose laundry list of business endeavours includes recruitment company Morgan and Banks, bought the seven-bedroom, 10-bathroom home on North Alpine Drive for $US9.2m in 2012, according to property records.

The price increase is not without reason. Banks’s wife, Andrea, an interior designer, supervised an extensive “spare no expense” $US2m renovation and remodelling, giving the home more sophisticated ­design and decor, Mansion Global previously reported. The couple threw regular parties in a dark-­panelled, wet-bar-equipped entertainment space, dubbed the “music room”. The lounge-like space can fit 100 guests and leads out to the backyard and pool through a set of French doors. The two-storey home, built in 1997, also has an eight-seat home theatre, a gym and yoga studio, an elevator and a temperature-controlled wine cellar with room for 1000 bottles. “I’d describe it as a European villa with luxury finishes. Its distinctive detail, the ­architecture, the bright clean lines. It’s so ­inviting and perfect for ­entertaining,” said listing agent Marisa San Antonio in a previous interview. San Antonio co-listed the home for The Agency with James Harris and David Parnes.

Mansion Global