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The Real Deal Los Angeles

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

Fate of unfinished spec home is unknown, thanks to hillside ordinance
By Subrina Hudson | May 30, 2017 03:30PM

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.