$90M Record-Breaking Estate Returns to Market for Double Its Original Asking Price

Last year, the “Owlwood Estate” sold for $90 million as the second largest home sale ever in Los Angeles, at that time. Now, it’s back on the market for double that price, $180 million, the Los Angeles Times reported.

Designed by architect Robert D. Farquhar, the 1936-built residence, which includes two additional adjacent lots, in Holmbly Hills was purchased by Sturmer Pippin Investments, LLC in 2016.

“The buyer acquired the property at an incredible price and the international interest that resulted in the sale prompted us to test the market to determine the estate’s true value,” explains listing agent Adam Rosenfeld, co-founder of Mercer Vine.

The 12,200-square-foot, exquisite Tuscan-style home is sited on over 10 acres, consisting of three parcels. One is vacant; another includes a guesthouse, a sunken tennis court, and a swimming pool; and the third has the residence.

Images courtesy of Mercer Vine

Read the full story on www.HauteResidence.com.