Site of Holger Schubert’s Ferrari garage lists for $20M

Fate of unfinished spec home is unknown, thanks to hillside ordinance

May.May 30, 2017 03:30 PM
717 N Tigertail Road (MLS)

Holger Schubert created a living room that doubled as a parking garage for his prized Ferrari 512 BBi “Boxer.”

That quirky feature in the product designer’s Brentwood home at 717 N. Tigertail Road caused a stir more than seven years ago when he built a 10-foot bridge connecting his third-story living room to North Tigertail Road – making it easier to drive his Ferrari into its dedicated parking spot.

Neighbors complained and city officials withdrew the permission for Schubert’s bridge, which he subsequently tore down. Ultimately, the whole house was demolished to make way for a new estate. Schubert sold the site in February for $11.7 million to an entity registered to Max McDermott of Core Equity Properties, property records show.

Now, the unfinished two-acre property is back on the market with an asking price of $19.9 million, making it the priciest home listing in L.A. last week. Andrew Moore of Realty Masters & Associates has the listing.

The compound has a 70 percent completed guest house and a main house that is roughly 20 percent complete, according to listing details. It also has fully approved plans with permits pulled. However, whether it can be completed remains to be seen. According to a note in the property’s listing details, a new hillside ordinance would prevent a property larger than 16,000 square feet from being built on the site.

Related Articles

The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

Luol Deng and his Brentwood home (Credit: Getty Images, Realtor)

NBA player, real estate mogul Luol Deng drops price of Brentwood pad

Lindsey Buckingham, Michael Gross, and the home on Saltair Avenue (Credit: Getty Images and Zillow)

Buyer reveal: WeWork exec Michael Gross buys Fleetwood Mac guitarist Lindsey Buckingham’s Brentwood home

Lindsey Buckingham and 299 North Saltair Avenue (Credit: Getty Images)

Lindsey Buckingham goes his own way, unloads Brentwood mansion

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion