In L.A.’s jam-packed actual property market, an acre is large. 5 acres is a dream. However 100-plus acres is historic.
The Robert Taylor Ranch, a large equestrian property sprawled within the hills of Brentwood, is hitting the marketplace for $70 million.
At 112 acres, it’s the most important residential property to hit the market within the metropolis of L.A. since a minimum of the Nineteen Eighties, when the A number of Itemizing Service began monitoring house gross sales. For reference, the property single-handedly makes up greater than 1% of Brentwood, which spans simply over 15 sq. miles.
There are a handful of bigger residential properties round L.A. — together with the Mountain, a prized 157-acre undeveloped parcel in Beverly Crest that after listed for $1 billion — however none with houses on them which have formally hit the market.
The ranch has roughly 20,000 sq. toes of dwelling area unfold throughout 4 constructions. There’s a 12,000-square-foot predominant home with seven bedrooms, a canine spa, artwork studio and therapeutic massage room, in addition to a guesthouse, barn and workshop.
“It’s a once-in-a-lifetime property,” mentioned Rochelle Maize of Nourmand & Associates, who’s dealing with the itemizing.
The primary home spans 12,000 sq. toes with seven bedrooms, a canine spa and artwork studio.
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Designed in 1950 by architect Robert Byrd, the ranch was constructed for oil baron Waite Phillips and later owned by actors Robert Taylor and Barbara Stanwyck, who hosted events on the residence. In its Outdated Hollywood heyday, it as soon as featured a secret on line casino accessed by hidden doorways; the on line casino has since been eliminated, however the hidden door and hallway, discovered via a rotating bookcase, stay.
Within the ’70s, the property was purchased and transformed by Ken Roberts, the live performance promoter who turned KROQ-FM right into a rock radio large. Roberts tried promoting the ranch a handful of instances over the following few a long time, asking $45 million for it in 1990, however it was finally seized by a hedge fund in 2010 after Roberts was unable to repay a $27.5-million mortgage from New Stream Capital.
The property was auctioned off two years later to Chicago actual property developer Fred Latsko for $12 million and most not too long ago traded palms for $18.7 million in 2015.
Titanic estates have dotted L.A. over the past century, however most have been whittled down by builders subdividing the tons and promoting them as separate properties. With so many house owners through the years, Maize mentioned it’s a shock that it hasn’t been chopped into items.
“When it final listed, there have been two different gives from those that wished to subdivide the land,” Maize mentioned. “However my shopper wished to maintain it collectively and replace the property whereas sustaining the unique really feel, and it’s one of many explanation why their supply received.”
Throughout the newest possession, a four-year transform introduced new finishes together with bronze home windows, reclaimed timbers, limestone flooring and hand-laid stucco each in and out.
The property options 14 flat, buildable acres, whereas the remainder of the hillside property is navigated by mountain climbing trails. It contains eight Assessor’s Parcel Numbers, which means a purchaser may divide it into eight completely different properties. It could convey an finish to the ranch’s spectacular acreage, however supply loads of incentive for a developer wanting so as to add housing.
“The potential shall be enticing to some,” Maize mentioned. “However both means, the customer shall be somebody that values privateness. The setting right here is second to none.”
