A massive, Italian-style villa in Los Angeles just came on the market for $69.95 million. At this sky-high price, the Holmby Hills estate is the week’s most expensive new listing.

Modeled after a Palladian villa, the 31,000-square-foot residence on 1.18 acres might look vaguely familiar. It was reportedly the setting for more than 50 photo, TV, and film shoots. It’s easy to imagine enjoying a Hollywood close-up in this dramatic space.

Built in 1993, the upscale interiors have been reimagined by interior designer Stephen Stone. Notable touches include 27-foot-high ceilings, terrazzo flooring, and a two-story chandelier. 

In addition to six bedrooms and 9.5 bathrooms, the home has a two-story, wood-paneled library, double living rooms, a billiard room, and spacious formal dining room.

Holmby Hills mansion


Foyer with two-story chandelier


Living room


Indoor pool


3,400-bottle wine room


Then, there’s the Bulthaup kitchen adjoining a family room. And an enormous 2,900-square-foot master suite with dual baths.

The lower level is a world apart, with a home theater, 3,400-bottle wine cellar, full bar, lounge, spa, and indoor pool.

The property last changed hands in 2014 for $19.5 million, according to real estate records. It appeared on the market a year ago for an eye-watering $88 million. With no takers, the asking price was slashed by about 20% and bounced back onto the market this week. Drew Fenton with Hilton & Hyland holds the listing.

Not surprisingly, the home is located on an elite street. The avenue is also the place where you’ll find the former Spelling manor, the 56,000-square-foot spread that was sold to Formula One heiress Petra Ecclestone. That compound is on the market for $160 million. 

And practically next door is another similarly sized space. That place on Mapleton was being offered complete with a medical suite and landed on the market a year ago for $69.9 million, topping our most expensive home list at the time. It’s now off the market.

The post $70M Italian-Style Villa With Indoor Pool Is Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

DISCLAIMER: Many of the pages and articles on this website contain information and excerpts provided by third-parties from around the web; as such, the operators of this website assume no liability or responsibility for any of the contents contained herein, or the contents of websites that we may link to. Furthermore, all copyrights belong to their original creator(s). Use of any portion of this website constitutes full acceptance of this disclaimer.

Follow this blog

Get every new post delivered right to your inbox.