Katy Perry completes $18-million deal for developer Cody Leibel’s Beverly Crest home

Cody Leibel, developer and heir to a Canadian construction fortune, has sold his home in Beverly Crest for $17.995 million in a deal completed off-market. The buyer, per sources not authorized to comment on the deal, is singer-songwriter Katy Perry.

The two-story traditional, built in 1959 and since updated, is reached by a quarter-mile-long driveway that ends at a circular motor court. Mature trees and swaths of lawn accompany the home on the acre-plus site, which abuts the Franklin Canyon conservancy. The grounds have an infinity-edge swimming pool.

The roughly 5,500-square-foot house includes a formal entry, a library/den, five bedrooms and 5.5 bathrooms. Picture windows in the eat-in kitchen take in the grounds. There are fireplaces in the library, living room and master bedroom.

The house last changed hands a decade ago for $9.205 million, property records show. Rob Schiller, director of such TV shows as “The King of Queens,� is among the former owners.

Leibel, the son of construction magnate Lorne Leibel, is a record label owner turned high-end developer. Among his projects was a Paul McClean-designed spec house in the Bird Streets neighborhood that sold last year for $20 million, one of the priciest transactions historically for the area.

Perry, 32, is set to release her fifth studio album, “Witness,� this year. Her previous albums include “One of the Boys� (2008) and “Teenage Dream� (2010), which had five No. 1 hits on the Billboard Hot 100 list.

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Twitter: @NJLeitereg

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