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ashion entrepreneur Julie Wainwright, founder and former CEO of luxury consignment company The RealReal, has sold her Beverly Hills residence for $10.7 million. According to a release from its listing representatives, the stylish dwelling was snapped up quickly after being listed at $11.99 million in early August.

    The 4,500-square-foot gated estate boasts an impressive layout with floor-to-ceiling windows, a grand open space, and a full wall of built-in shelves. The spacious chef's kitchen is perfect for entertaining, while the primary bedroom features a stone fireplace. Outside, a pool surrounded by a large deck offers wide city views.

    Wainwright purchased the Steve Hermann-designed property in 2021 for $9.65 million. She founded The RealReal in 2011 and launched its brick-and-mortar stores in New York City in 2017. After raising $300 million in an initial public offering in 2019, Wainwright stepped down as CEO in 2022.

    The estate features five bedrooms, five full bathrooms, and a powder room on a .57-acre lot. The deal was brokered by Josh Flagg of Compass and Hang Zhang of Keller Williams Realty, with the new owner's identity remaining unknown.