A Beverly Hills home owned by late film producer Arnold Kopelson has sold for $9.7 million, following two price cuts, according to the Los Angeles Times.
First listed in November for $13.5 million, house hit the market just as sales at the top end were starting to slow. Around 31 percent fewer luxury homes sold in the first quarter of the year compared to the same period in 2018.
The Mediterranean-style villa, which dates from the 1930s, last had a list price of $10.9 million.
Spanning 10,500 square feet, Kopelson’s former abode has four bedrooms, seven bathrooms, and a library. A grand staircase leads up from the foyer to the second floor, where the master suite alone comes in at 2,500 square feet. It features two bathrooms, closets, and an office space.
The grounds include a front motor court and a landscaped backyard with a pool and spa. A guesthouse is located in the rear of the property.
Kopelson died last year at the age of 83. He’s best known as the producer on “Platoon,” which took home four Academy Awards at the 59th Academy Awards. He produced 29 films during his more than three decade-long career, including “The Fugitive,” “Se7en” and “U.S. Marshalls.” [LAT] —Dennis Lynch