Concluding a saga that began nearly six years ago, supermarket magnate Ron Burkle has acquired the 5.2-acre property for $15 million. This is the second Hope-related property in Burkle’s real estate portfolio: He picked up the couple’s John Lautner-designed Palm Springs residence for $13 million two years ago.
The Burbank estate was first put on the market with an asking price of $27.5 million in 2013, and there it lingered, while sporadically getting price-chops.
In 2017, Los Angeles City Councilman David Ryu introduced emergency legislation to have the property declared a historic-cultural monument after a buyer in escrow obtained a demolition permit for outlying buildings.
Standing in firm opposition to this was Bob and Dolores’ daughter Linda Hope, who argued that historic designation would devalue the home and narrow the field of prospective buyers.
Designation was denied after Ryu’s motion failed to get the ten votes necessary to pass. Burkle is reportedly planning to preserve and restore the main residence, which was originally built in 1939 by architect Robert Finkelhor and expanded into a 15,000 square foot home in the 1950s by Hollywood Regency architect John Elgin Woolf.
The rambling property also includes indoor and outdoor pools, formal gardens, a guest house, a three-hole golf course, and a putting green.
According to a press release from listing agent Craig Strong, all proceeds from the sale will go to the Bob & Dolores Hope Foundation, in keeping with a stipulation in Dolores Hope’s will.