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Big listings land in Los Angeles and Orange counties

The Owlwood estate in Holmby Hills is priced at $150 million, while a one-acre oceanfront compound in Laguna Beach is being floated at $65 million.

August 10, 2012|By Lauren Beale, Los Angeles Times
  • The $65-million Neoclassical palazzo sits in north Laguna Beach's Irvine Cove community.
The $65-million Neoclassical palazzo sits in north Laguna Beach's… (Courtesy of Rod Daley )

At $150 million and $65 million, two houses — neither being marketed through multiple listing services — are quietly defining the top end of the for-sale market in Los Angeles and Orange counties.

Priced at $150 million is the pocket-listed Owlwood estate in Holmby Hills. The Tuscan-style mansion was once the home of '60s singing sensation Sonny and Cher and, before that, actor Tony Curtis.

When the late billionaire Roland Arnall, founder of Ameriquest Capital Corp., and his wife, Dawn, bought it in 2002, they also nabbed two adjacent properties to increase the grounds to 10 acres.

The 12,201-square-foot main house, built in 1936, had eight bedrooms and 10 bathrooms when last listed on the MLS. There is a tennis court, a pool house and a swimming pool. Public relations for the Agency in Beverly Hills is not releasing details about the property, even though area agents have toured it and seen a brochure.

The last estate listed at this price in the county was Candy Spelling's Manor, also in Holmby Hills. That 56,500-square-foot mansion, with 14 bedrooms, 27 bathrooms and a 4.7-acre site, sold for $85 million after about two years on the market.

In Laguna Beach, a one-acre oceanfront compound is being floated at $65 million. Between the neoclassical main house, guesthouse, decks, loggias, storage and garage there is 25,000 square feet of space. Completed in 2010 after an eight-year undertaking, the main house has four bedrooms, two offices, two powder rooms, five fireplaces, a wine cellar and tasting room and a billiards room.

Rod Daley of Coldwell Banker has the Orange County listing.

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