LA spec home set to fetch $195m

The Weekend Australian - Life - - PRESTIGE PROPERTY - CAN­DACE TAY­LOR THE WALL STREET JOUR­NAL

A new spec home built on a Los An­ge­les prop­erty once owned by Bar­bra Streisand is list­ing for $US150 mil­lion ($195m).

The es­tate has 10 bed­rooms and about 3530sq m of space spread across a main house and mul­ti­ple guest­houses, ac­cord­ing to Cold­well Banker Pre­views In­ter­na­tional, which is list­ing the Holmby Hills prop­erty.

The 8750sq m prop­erty on North Carol­wood Drive, his­tor­i­cally known as Mon Reve, also in­cludes three swimming pools and a pri­vate hik­ing trail.

De­vel­oper Gala Asher of Bev­erly Hills-based Dream Projects LA de­clined to com­ment, as did his wife, list­ing agent Ginger Glass of Cold­well Banker Pre­views In­ter­na­tional.

Ac­cord­ing to a spokesman for Cold­well Banker Pre- views, the main house has a spa level with an in­door lap pool, hair sa­lon, steam and mas­sage rooms, and an area for man­i­cures and pedi­cures.

The main house has an en­ter­tain­ment suite, which the de­vel­oper calls Club Mon Reve, with a screen­ing room, a lounge and a wine room; it can be ac­cessed from a sep­a­rate en­trance, al­low­ing guests to come and go with­out walk­ing through the main house.

There are two out­door in­fin­ity pools on the prop­erty. Asher and part­ners paid $US13.25m in 2014 to buy the va­cant lot from tech en­tre­pre­neur David Bohnett, ac­cord­ing to pub­lic records. The North Carol­wood Drive es­tate has 10 bed­rooms and about 3530sq m of space spread across a main house and mul­ti­ple guest­houses, plus three swimming pools and a pri­vate hik­ing trail.

Streisand’s long-time house on the prop­erty was de­mol­ished around 2000, af­ter she sold it to Les Bider, for­mer chair­man of Warner/Chap­pell Mu­sic and now co-chief ex­ec­u­tive of health­care com­pany Pin­na­cleCare.

Bider de­mol­ished the house and drew up plans for a new 1200sq m house but put the par­cel of land on the mar­ket in­stead. It was then pur­chased for $US6.75m by Bohnett, who used it as a pri­vate park.

Carol­wood Drive has seen some of LA’s prici­est home sales in re­cent years, in­clud­ing Fleur de Lys for $US102m and the for­mer Walt Dis­ney es­tate for $US74m.

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