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The Real Deal Los Angeles

This “Full House” sold at an $18M discount

Sitcom creator's spec home traded for $20.2M
December 07, 2016 08:30AM

Spec house at 1302 Collingwood Place and Jeff Franklin (Credit: The Agency, Twitter)

Spec house at 1302 Collingwood Place and Jeff Franklin (Credit: The Agency, Twitter)

Aw, nuts.

“Full House” creator Jeff Franklin finally sold his Hollywood Hills West spec house, but at an $18 million discount from its initial listing price of $38 million.

Perched above Sunset Strip, the five-bedroom house on Collingwood Place went for $20.2 million, the L.A. Times reported. Franklin recently dropped the asking price to $24 million in May after briefly taking the house off the market.

The Agency’s Brendan Fitzpatrick and H. Blair Chang had the listing. The buyer was represented by Rick Beck of Keller Williams Realty.

Sitting on about a half-acre of land, the Richard Landry-designed home comprises eight bathrooms, a sweeping circular staircase, a wine cellar, formal living and dining rooms, a great room, and an infinity pool with a spa on the grounds.

While he may not have gotten the price he wanted, the deal is still a big win for Franklin. The producer and screenwriter, who lives in another Landry-designed property nearby, acquired the land on which the house sits for less than $2 million in 1988, records show. [LAT]Cathaleen Chen