In the world of contemporary real estate, with flipping all the rage, ownership and valuation are subject to rather abrupt change. To state it mildly.
Case in point: the Beverly Hills home of Arthur Hiller. Mere weeks from its last changing of hands, when the estate sold for $10.3 million, the property is now back on the market for $13.75 million.
The listing price shows a markup of roughly 33 percent. To a degree, the valuation increase is due to celebrity ownership. But the current owners dive give the house a solid renovation.
The 8,000-square-foot, Mediterranean-style manse holds six bedrooms and 7.5 baths, in addition to a formal dining room, a chef’s kitchen, and a large step-down living room. Amenities like a wood-paneled foyer, a wine cellar, a den, and a sunroom with floor-to-ceiling windows give the home a sense of tradition and a quiet, comfortable dignity.
Of course, there’s also space to relax outdoors with a raised patio, a fire pit, a swimming pool, and a spa.
Hiller is best known for directing “Love Story,” “The In-Laws,” and “Silver Streak.” He served as the president of the Directors Guild of America for four years.