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A 'legendary' estate that was once the largest private residence in Los Angeles is back on the market with a $65 million price chop. Here's a look inside the historic luxury home that was previously owned by Sonny and Cher and neighbors the Playboy Mansion.
A 'legendary' estate that was once the largest private residence in Los Angeles is back on the market with a $65 million price chop. Here's a look inside the historic luxury home that was previously owned by Sonny and Cher and neighbors the Playboy Mansion.
You can live around the corner from the Playboy Mansion - for $115 million.
RobbReport reported that this price - while still expensive - is $65 million less than the owner's first asking price. According to Variety, the home was originally listed in 2017 for a "rather ridiculous" cost of $180 million by Woodbridge Group - double what it was purchased for a year earlier.
Recently used for a pre-Grammys brunch, the 83-year-old-estate is located in the exclusive Holmby Hills neighborhood nestled between Beverly Hills and Bel Air.
The Owlwood Estate was first built as a family estate for developer Arthur Letts. After his death, the home was completed by his widow Florence Letts Quinn and her subsequent husband. The estate was the largest Los Angeles residence at the time of its completion.
Owners of The Owlwood Estate over the years included Sonny Bono & Cher, who purchased the property from actor Tony Curtis. Additionally, founder of the infamous Hotel Bel-Air Joseph Drown once called the estate home.
Previously, according to an Owlwood representative, "Marilyn Monroe was a usual fixture and part-time resident at the villa, having been a close friend and rumored lover of previous owner Joseph Schenck."
The Owlwood Estate neighbors both the Playboy Mansion and the Spelling Manor in the exclusive Holmby Hills neighborhood. Also nearby is the Los Angeles Country Club.
The Playboy Mansion — occupied by Hugh Hefner until his death in 2017 — is infamous for its Hollywood parties. The mansion recently sold for $100 million.
Meanwhile, the Spelling Manor — now known as simply The Manor — is among Los Angeles' largest homes. The 123-room-home is larger than the White House, and it broke the country record when it sold in July for $120 million.
... which is made up of three lots. One lot includes the pool, pool house, and tennis court, another sits empty, and the third includes the historic mansion.
The entire property — including the main mansion — is currently on the market for $115 million. It was originally listed for $180 million in 2017 by Woodbridge Group developer Robert Shapiro.
The mansion — classified as "Italian Renaissance Revival" — includes over 12,000 square feet of floor space. Upon entering the home, the main hallways include finished wood walls and light marble flooring.
In the past few years, the property was used for a pre-Grammys brunch, which featured a star-studded guest list. Staff wore white and served sponsored drinks.
Inside one of the mansion's sitting rooms — in front of the fireplace — Brett Yormark and Michael Yormark toasted the event. The brothers head Roc Nation.
