Acres are huge in the LA jam pack real estate market. Five acres is a dream. But over 100 acres are historic.
Robert Taylor Ranch, a huge equestrian site spread across Brentwood Hills, is crashing into the market for $70 million.
With 112 acres, it is the largest residential area to be on the market in the city of LA since at least the 1980s, since multiple listing services began tracking home sales. For reference, the property alone constitutes more than 1% of Brentwood over 15 square miles.
Around LA are 157 acres of undeveloped parcels in Beverly Crest, which were once listed for $1 billion, but there were no homes officially on the market.
The ranch has approximately 20,000 square feet of living space in four structures. It has a 12,000 square feet main house with seven bedrooms, a dog spa, an art studio, massage room, guest house, barn and workshop.
“This is a once-in-a-lifetime real estate,” said Rochelle Maize of Nourmand & Associates, who processes the list.
The main house spans 12,000 square feet with seven bedrooms, a dog spa and an art studio.
(BarceloPhotography Inc.)
Designed in 1950 by architect Robert Byrd, the ranch was built for the Oil Baron Wait Phillips and was owned by actors Robert Taylor and Barbara Stanwyck, who later held a party at the residence. In the heyday of old Hollywood, it featured a secret casino that was once accessed by hidden doors. The casino was then removed, but the hidden doors and hallways found in the rotating bookshelves remain.
In the 1970s, the property was purchased and remodeled by Ken Roberts, the concert promoter who transformed KROQ-FM into a rock radio giant. Roberts attempted to sell the ranch several times over the next decades, asking for $45 million in 1990, but was eventually seized by a hedge fund as Roberts failed to repay the $27.5 million loan from Newstream Capital.
The property was auctioned for $12 million by Chicago property developer Fred Ratzco two years later, and recently traded hands for $18.7 million in 2015.
Titanic estates have dotted LA for the last century, but most have been defeated by developers dividing lots into pieces and selling them as separate assets. With so many owners over the years, the corn said it was surprising that it wasn’t chopped apart.
“When it was last listed, there were two other offers from people who wanted to break down the land,” said corn. “But my client wanted to keep it together and update the property while maintaining its original feel. That’s one of the reasons their offer won.”
During its latest ownership period, four years of modifications have included new finishes such as bronze windows, recycled wood, limestone flooring and stuccos that he has reclaimed.
The property has 14 flats and constructable acres, with the remaining Hillside Estate being navigated by hiking trails. Includes 8 rater parcel numbers. This means that buyers can split into eight different properties. It would end the impressive area of the ranch, but it provides ample incentives for developers who want to add a home.
“The possibilities are attractive to some,” said corn. “But in any case, buyers will be privacy-focused people. The setting here is no match for anyone.”
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