Owlwood Estate: One of LA’s grandest mansions is for sale again—for $180M

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The storied Owlwood estate in Holmby Hills, home to celebrities and moguls over the years, is back on the market for $180 million—twice the price it sold for less than a year ago.

The estate’s return to the market is chalked up to “intense market interest,” Mercer Vine, the firm listing the historic property, said in an announcement today.

When Owlwood sold in September 2016 for $90 million, it was the second-largest sale ever in Los Angeles County history. If it sells for its latest asking price, the buyer, Sturmer Pippin Investments, would shatter the county’s record, set by the $100 million sale of the Playboy Mansion to Daren Metropoulos last summer. (We’ve mapped the priciest homes for sale in LA here.)

Nothing has changed about the house since it sold. The owners have teamed up with developer Woodbridge Luxury Homes to mock up plans showing how the estate could be updated, but the property is for sale in its current condition and the plans are not included.

A rendering showing how the Owlwood estate could look after thorough renovations and updates. The plans are not included in the sale of the property.
Courtesy of Mercer Vine

The estate, built in 1936, sits on more than 10 acres between Sunset Boulevard and the Los Angeles Country Club. Its centerpiece is a 12,000-square-foot, Italian Renaissance-style main house by architect Robert Farquhar.

It was built for Florence Quinn, the ex-wife of Arthur Letts Jr.—the original owner of what is now the Playboy Mansion and the son of the founder of Holmby Hills. It was later occupied by Sonny and Cher, Tony Curtis, 20th Century Fox cofounder Joseph Schenck, Superior Oil founder William Keck, and Joseph Drown, the founder of the Hotel Bel-Air.

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