Sprawling Edie Goetz estate in Holmby Hills gets sliced in two

Los Angeles /
Feb.February 01, 2017 10:30 AM

In L.A. real estate, two houses are always better than one.

Gary Wilson, the former chairman of the board of Northwest Airlines, has divided his sprawling Holmby Hills estate into two separate parcels in order to appeal to a wider range of prospective purchasers, sources told The Real Deal.

The property, best known as the former home of socialite Edith Mayer Goetz, previously hit the market for a total $79 million in September. The main house, which sits on roughly 2.2 acres, is now available for $45 million, while the adjacent approximately 2.5-acre parcel is asking $37 million.

Wilson acquired the main property from the Goetz estate in 1990, and later purchased the adjacent property, combining the two. The adjacent lot has a lighted tennis court, a pool, a conservatory and a two-story guest house.

Splitting up the two parcels opens the property to a larger number of prospective buyers who may not have been able to afford the $79 million price tag, sources said. Previously, the property was so large that guests traversed the grounds by funicular.

Jeff Hyland and Drew Fenton of Hilton & Hyland share the listings with Aaron Kirman of John Aaroe Group.

The 11-bedroom, 20,000-square-foot Georgian Revival-style main house dates back to the 1930s and features a screening room where Goetz, daughter of Metro-Goldwyn-Mayer co-founder Louis B. Mayer, debuted movies to her friends pre-release.


Related Articles

arrow_forward_ios
The property at 10301 Strathmore with Architect Richard Manion (Richard Manion, 10301 Strathmore)
$25M ask hits mid-market in Holmby Hills
$25M ask hits mid-market in Holmby Hills
English pop singer Robbie Williams (RedFin)
Robbie Williams buys ‘Funny Girl’ estate in Holmby Hills
Robbie Williams buys ‘Funny Girl’ estate in Holmby Hills
Spelling Manor at 594 South Mapleton Drive (Zillow)
Spelling manor hits market at $165M
Spelling manor hits market at $165M
Trevor Noah’s modern Bel Air mansion sees price cut (Getty Images, Zillow, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Trevor Noah’s modern Bel Air mansion sees price cut
Trevor Noah’s modern Bel Air mansion sees price cut
No joke: ‘Funny Girl’ estate hits market for $58M
No joke: ‘Funny Girl’ estate hits market for $58M
No joke: ‘Funny Girl’ estate hits market for $58M
1013 N Beverly Dr (Rochelle Maize Realty, iStock)
Billionaire Berggruen buys some elbow room in Beverly Hills
Billionaire Berggruen buys some elbow room in Beverly Hills
Max Azria and his Holmby Hills property, Paul R Williams and Sidney Sheldon (Getty Images, Zillow, Wikipedia, Los Angeles Conservancy, Illustration by Kevin Cifuentes for The Real Deal)
Label this a bargain–price cut on late designer’s estate
Label this a bargain–price cut on late designer’s estate
Former Google CEO Buys House Next To Holmby Hills Mansion (Realtor.com, Getty Images)
Former Google CEO buys some elbow room in BHPO
Former Google CEO buys some elbow room in BHPO
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...