A 48-acre estate in Brentwood re-lists for $29M

Property includes 5 structures, tennis court and lake

The Amber Hills Estate in Brentwood has been relisted for $28.5 million
The Amber Hills Estate in Brentwood has been relisted for $28.5 million

The sprawling 48-acre Amber Hills Estate in Brentwood has hit the market again after the owner sliced $3 million off its asking price.

Originally listed for $31.5 million last June, the property on Mandeville Canyon Road was posted at $28.5 million last month, according to Realtor.com.

The new price tag is nearly double the $14.6 million what hedge fund manager and current owner David Ganek paid for it in 2014.

The main residence includes 12,000 square feet of space, with 13 bedrooms and eight bathrooms. It was designed in the 1940s by architect Paul Williams for opera singer John Charles Thomas.

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The estate also features a tennis court and four other structures, including a pavilion, guesthouse, caretaker’s house, and a maintenance building. The centerpiece is a lake with bridges and waterfalls.

Ganek purchased it from Glorya Kaufman, the widow of Donald Kaufman who co-founded KB Home with Eli Broad. Over the years, Hollywood icons Dick Powell and June Allyson have also owned the home.

Susan Smith with Hilton & Hyland has the listing.

Brentwood is one of the priciest neighborhoods in Los Angeles, and is home to many business moguls and celebrities. NBA superstar LeBron James has shown he has game in the real estate market as well, as he now owns two homes in Brentwood. [Realtor.com] — Gregory Cornfield

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