A Beverly Hills mansion owned by a mall developer just hit the market for $75 million.
The concrete structure, which has a modern museum style, spans 27,500 square feet, according to the Wall Street Journal, which first reported on the listing. Called “The Glazer Estate,” it was most recently owned by the late megamall developer Guilford Glazer and his wife Diane Glazer, who died in April.
The sprawling mansion replaced the home that had belonged to “Rack Pack” member and entertainer Dean Martin, and his second wife Jeanne Martin.
The existing mansion includes six bedrooms and 15 bathrooms. It features a two-story atrium, a ballroom, a large dining room, and an indoor pool. The 1.5-acre property has a series of man-made ponds, waterfalls, and a 98-foot outdoor swimming pool.
It’s located on Mountain Drive near the Sunset Strip, at the intersection of Loma Vista Drive. Dean Martin — who died in Beverly Hills in 1995 — also owned a spec mansion about two miles down the road in the Trousdale Estates, where much of the recent real estate action has been in Beverly Hills.
Despite Los Angeles’ recent lull in the high-end residential market, artist Ed Ruscha added a Trousdale Estates home to his real estate portfolio for $8.4 million earlier this month. Also this month, film producer Roger Birnbaum sold his 8,000-square-foot home for $21.4 million. Birnbaum originally asked $33.8 million last year.
Entertainment mogul David Geffen purchased one acre and a mansion blueprint for $30 million in Beverly Hills.
“The Glazer Estate” was listed with Jeff Hyland and Drew Fenton of Hilton & Hyland. [WSJ] — Gregory Cornfield