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Music executive Tommy Mottola is best known for guiding the careers of artists like Céline Dion and Gloria Estefan, but one of his lesser-known interests is real estate: The former chairman and CEO of Sony Music Entertainment has built or renovated some 14 houses over the years.

“It’s really one of my passions,” said Mr. Mottola, who quipped: “Instead of talking to you I should be having my head examined.” His latest creation, a…