On the market since 2017, priced at $180 million then reduced to $115 million, the historic celebrity-magnet Owlwood mansion, the crown jewel of L.A.’s Holmby Hills, has sold for $88 million.
Completed in 1936, few Los Angeles mansions have its stature, rolling grounds or have been the center of so much gossip. The classic Tuscan-styled mansion was built in 1935 by Robert D. Farquhar for Florence and Charles Quinn. Florence was divorced from Arthur Letts who, in 1925, was the original owner and developer of the 3,296 acres of land on which Holmby Hills is located. The home on four acres was the largest and most luxurious house at the time measuring in at 12,000 square feet and a cost of $150,000. Farquhar also designed Beverly Hills High School and Festival Hall for the 1915 Panama-Pacific Exposition in San Francisco.
After the Quinns, the home next passed into the hands of 20th Century Fox co-founder Joseph Schenck. Described as a 70-year-old, cigar-chomping type in the book Unreal Estate by Michael Gross, Marilyn Monroe was said to spend much time there and at only 21, it was fairly common knowledge that although Schenck was still married to his first wife, had an affair with him and ended up living in the guest house.
It was during Aita’s tenure when the gossip soared. He ran a harem of starlets to such an extreme that all of Hollywood enjoyed it as cocktail chatter. He became fodder for Heidi Fleiss’ black book. Aita sold it to Ameriquest-founder Roland Arnall who added six more acres bringing the estate to 10 acres and named it Owlwood due to the number of owls on the property. It was put on the market only a few months later in 2017.
Taking its place among the world’s outstanding classic residences, the old-world craftsmanship, oak paneling, carved moldings, impressive grand foyer, spacious rooms and park-like grounds for strolling are universally appealing. The main residence includes stately public rooms, multiple fireplaces and chandeliers, nine bedrooms and ten baths. Grounds contain two guard houses, a pool, pool house, fountains, fruit trees and restored formal gardens.
Historic and storied, Owlwood mansion has sold for $88 million. The listing agents were Sally Forester Jones, Tyrone McKillen and Tomer Fridman of Compass, Beverly Hills and Drew Fenton of Hilton & Hyland, Beverly Hills.
Photo credit: Mike Kelley
Source: www.toptenrealestatedeals.com
