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.

Mike Kelley

The back of the estate's ivy-covered mansion.

• According to RobbReport and Variety, The Owlwood Estate is currently on the market for $115 million. The luxury home was previously listed for $180 million.
• The nine-bedroom, 10-bathroom home was built in 1936 and has been owned by celebrities such as Sonny and Cher.
• The historic Holmby Hills property also neighbors the infamous Playboy Mansion, along with the exclusive Los Angeles Country Club.
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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.

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The luxury home features nine bedrooms and 10 bathrooms. Like another nearby mansion previously owned by Cher, the luxury home has its own private tennis court.

Today, the estate is represented by Sally Forster Jones, Tyrone McKillen, and Tomer Fridman of Compass, along with Drew Fenton of Hilton & Hyland.