The Real Deal Los Angeles

Art patron Margo Leavin wants $15M for her Hollywood Hills home

The home is part of the gated La Brea Terrace community
October 18, 2017 11:00AM

Margo Leavin in Hollywood Hills (Credit: Getty Images)

Art dealer Margo Leavin is seeking a buyer for her 8,500-square-foot home on La Brea Terrace in the Hollywood Hills, the Wall Street Journal reported. The property is listed at $15 million.

Sitting atop 1.8 acres, the two-story home has five bedrooms, seven bathrooms, a swimming pool with a spa and an outdoor kitchen. Floor-to-ceiling windows provide views of the hills through Downtown.

Leavin purchased the art-deco inspired, contemporary home in 1992 for $1.56 million, property records show.

Brett Lawyer of Hilton & Hyland has the listing.

Leavin, 81, made a name for herself when she opened her eponymous art gallery in 1970, representing notable artists from both coasts. In 2016, nearly three years after she closed her gallery, she cashed in $40 million when she sold her West Hollywood gallery and four other contiguous buildings to a company tied to Megan Ellison, the daughter of Oracle co-founder Larry Ellison and the founder of Annapurna Pictures. [WSJ]Natalie Hoberman