Initially Listed for $180M, Owlwood Estate Sold for $88M in Liquidation Process

Published: January 9, 2021 | By: American Luxury Staff

Owlwood, the legendary Los Angeles estate that hit the market with a whopping $180 million dollar asking price three years ago, recently sold for $88 million. The resolution brings to a close a story that began for the mansion’s most recent seller—investor Robert Shapiro—in 2015. The property was liquidated to provide restitution to Shapiro’s clients, along with other properties owned by his development company.

The Holmby Hills property—which was at one time home to Sonny and Cher and, before that, to Tony Curtis—has spent more time on the market than off in the past half-decade. It sold to Shapiro for $90 million in 2016 before appearing once again on the open market in the spring of 2017 at a sanguine $180 million. The property’s ask had been trimmed to $115 million in 2018, and that listing price remained until the sale this winter.

The home was designed in the Italian Renaissance Revival style and completed in the mid-1930s. It measures 12,201 sq. ft., and contains nine bedrooms and ten baths. Special touches include gold-plated bathroom fixtures.

The mansion’s setting is an astonishing 10 acres of landscaped and wooded grounds in one of the most desirable corners of the world; the neighborhood borders both Beverly Crest and Bel-Air. The lot was cobbled together in 2002, and two houses—one of which had been the former palatial & pink home of actress Jane Mansfield—were razed to bring the estate to its current form.

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