This Beverly Hills mansion with a strange history had its price cut by $30 million — see inside

Jordan PandyJul 26, 2023, 22:09 IST

An aerial view of the 3.6-acre estate.Marc Angeles

A Beverly Hills mansion built in 1996 on the site of the Tate murders is seeking $55 million.
The 21,000-square-foot home has 18 bathrooms, outdoor waterfalls, and room to park 50 cars.

A 3.6 acre estate in Beverly Hills, California, with unobstructed views of the city skyline and Pacific Ocean, comes at a cost — a really big one.

The mansion at 10066 Cielo Drive in Beverly Hills is currently on the market for $54,995,000, but listing agent Matt Altman of Douglas Elliman said that's par for the course for a house with this many features.

"It's priced at land value," Altman told Insider. "The fact that you get this incredible home on top of it is just a bonus."

The house has been on the market for over a year and took a major price cut recently. Altman, who holds the listing with his brother, Josh, suspects that houses in this price range are seeing a slowdown all over Los Angeles due to Americans moving abroad — but he's hopeful the market will rebound this summer.

Another tidbit that may influence buyers is that this home was constructed on the site of the murder of Sharon Tate and four house guests by the Manson Family in 1969. That property, which had the address of 10050 Cielo Drive, was demolished in 1994, and the current one was built in 1996 with the new address of 10066 Cielo Drive.

Altman doesn't think that's why the 21,000-square-foot mansion has been on the market since January 2022, when it was originally listed for sale for $85 million. It has seen several price changes in the tens of millions, according to Zillow. Before that, it had been listed for rent for $285,000 in September 2021.

Buyers are unphased by its eerie history and willing to spend serious money for a unique home, Altman said. Take a look inside.

10066 Cielo Drive in Beverly Hills is a 21,000-square-foot home with views of downtown Los Angeles.

The Beverly Hills mansion has some of the best views in Los Angeles, Altman said.Marc Angeles

Altman said the Andalusian-style house is a rarity in Los Angeles.

A living space with two fish tanks and a bar.Marc Angeles

According to Los Angeles news station KTLA, the house belongs to "Full House" creator Jeff Franklin.

A living space inside of the mansion.Marc Angeles

Franklin has lived in the home since it was built in 1996 but is ready to move on, Altman said.

A sitting area in the mansion.Marc Angeles

Altman said he and his brother, Josh, worked with the seller on price.

A look at the two-story foyer.Marc Angeles

The Cielo Estate is nearly three decades old, but Altman said the seller kept the house updated to today's standards.

One of the 18 bathrooms.Marc Angeles

Besides the toilets, there are a number of features that don't often show up in homes — like a shark tank.

A shot of one of the water tanks in the home.Marc Angeles

The long list of unique features, like the ability to park up to 50 cars on the property, can't be achieved by today's building restrictions, Altman said.

A late-night view of the Cielo Estate.Marc Angeles

Altman referred to a new wildlife ordinance in Los Angeles County that would limit the amount of structures a homeowner can have on their hillside property, as well as other restrictions.

A hillside shot of the 21,000-square-foot mansion.Marc Angeles

Altman referred to a new wildlife ordinance in Los Angeles County that would limit the amount of structures a homeowner can have on their hillside property, as well as other restrictions.

Inside, the home has a theater, spa, gym, hair salon, billiards room, and a bar, according to the listing.

The theater in the basement of the mansion.Marc Angeles

The outdoor area, which includes a 75-yard pool with three waterfalls, two spas, and a 35-foot water slide, would also be hard to recreate today, due to building ordinances.

A view of the 75-yard pool and waterfall.Marc Angeles

The outdoor area, which includes a 75-yard pool with three waterfalls, two spas, and a 35-foot water slide, would also be hard to recreate today, due to building ordinances.

The house is an entertainer's dream, Altman said, pointing out the tall windows that all open up to give the indoor-outdoor feel.

All of the windows and doors open up for easy access outside, Altman said.Marc Angeles

And with nine bedrooms and 18 bathrooms, there's room to host for days at a time.

The primary bedroom features a TV that comes down from the ceiling.Marc Angeles

The interior features of the home are special, but the real showstopper is the lot itself.

One of the many balconies overlooking Los Angeles.Marc Angeles

The lot is 3.6 acres with city views and a gigantic footprint — that combination is a rarity in this part of town, Altman said.

Altman said this property is one of a kind.Marc Angeles

Altman added that, partly because of the new building rules, prospective buyers have said they're not interested in making major improvements to the home.

An outdoor seating area with a view of the city.Marc Angeles

The property is the same land where Sharon Tate, Jay Sebring Wojtek Frykowski, and Abigail Folger were murdered.

A shot of the resort-like outdoor space.Marc Angeles

That piece of information is common knowledge for locals, and Altman believes it isn't scaring any prospective buyers — mainly because the house is on prime real estate.

A view of the backyard area.Marc Angeles

That piece of information is common knowledge for locals, and Altman believes it isn't scaring any prospective buyers — mainly because the house is on prime real estate.

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This Beverly Hills mansion with a strange history had its price cut by $30 million &mdash; see inside

10066 Cielo Drive in Beverly Hills is a 21,000-square-foot home with views of downtown Los Angeles.

Altman said the Andalusian-style house is a rarity in Los Angeles.

According to Los Angeles news station KTLA, the house belongs to "Full House" creator Jeff Franklin.

Franklin has lived in the home since it was built in 1996 but is ready to move on, Altman said.

Altman said he and his brother, Josh, worked with the seller on price.

The Cielo Estate is nearly three decades old, but Altman said the seller kept the house updated to today's standards.

Besides the toilets, there are a number of features that don't often show up in homes — like a shark tank.

The long list of unique features, like the ability to park up to 50 cars on the property, can't be achieved by today's building restrictions, Altman said.

Altman referred to a new wildlife ordinance in Los Angeles County that would limit the amount of structures a homeowner can have on their hillside property, as well as other restrictions.

Inside, the home has a theater, spa, gym, hair salon, billiards room, and a bar, according to the listing.

The outdoor area, which includes a 75-yard pool with three waterfalls, two spas, and a 35-foot water slide, would also be hard to recreate today, due to building ordinances.

The house is an entertainer's dream, Altman said, pointing out the tall windows that all open up to give the indoor-outdoor feel.

And with nine bedrooms and 18 bathrooms, there's room to host for days at a time.

The interior features of the home are special, but the real showstopper is the lot itself.

The lot is 3.6 acres with city views and a gigantic footprint — that combination is a rarity in this part of town, Altman said.

Altman added that, partly because of the new building rules, prospective buyers have said they're not interested in making major improvements to the home.

The property is the same land where Sharon Tate, Jay Sebring Wojtek Frykowski, and Abigail Folger were murdered.

That piece of information is common knowledge for locals, and Altman believes it isn't scaring any prospective buyers — mainly because the house is on prime real estate.

This Beverly Hills mansion with a strange history had its price cut by $30 million — see inside