Beverly Hills pad tied to Howard Hughes hits auction after 2 years and 4 price cuts

Mid-century Modern home was most recently listed at $10.9M

Los Angeles /
Aug.August 06, 2019 12:00 PM
Home on Haynes Avenue and Howard Hughes (Credit: Britannica and iStock)
Home on Haynes Avenue and Howard Hughes (Credit: Britannica and iStock)

A Beverly Hills home reportedly built for late business tycoon Howard Hughes is headed for auction after several price cuts, the latest evidence of a luxury slowdown that has crept through the Los Angeles real estate market.

The 4,600-square-foot home on Haynes Avenue has been lingering on the market for two years. Its asking price has been slashed four times, dropping roughly 34 percent to $10.9 million.

The home on Haynes Avenue
The home on Haynes Avenue

Designed by architect Samuel Wacht, the Mid-century Modern has four bedrooms and five bathrooms. There’s also a swimming pool, jacuzzi, gym and sunken living room area.

Concierge Auctions is holding the no-reserve auction via its online marketplace on Aug. 15, with bidding starting two days earlier. Josh and Matt Altman of Douglas Elliman have the listing. A no-reserve auction is a gamble because the home will be sold to the winning bidder no matter the price.

Property records show the home last traded for $7.5 million in 2016. The owner is a trustee of Debra A. Gonzalez. The home listed on the market for $16.5 million roughly a year after the purchase.

Hughes is believed to have owned the home in the 1960s, according to a previous report in the Los Angeles Times. During his ownership, he was known for hosting Hollywood’s elite at the one-story home.


Related Articles

arrow_forward_ios
The Stinking Rose and a rendering of the proposed hotel (Google Maps, Gilliland Architecture via Urbanize, iStock)

Objectionable: Beverly Hills pushes back on hotel project replacing Stinking Rose

Objectionable: Beverly Hills pushes back on hotel project replacing Stinking Rose
Liam Payne and his Monte Nido home (Getty, Redfin)

Plotting new direction, Liam Payne sells Monte Nido compound

Plotting new direction, Liam Payne sells Monte Nido compound
Embattled director faces sexual assault allegations. (Getty, Compass)

Director, facing sex assault allegations, sells Malibu home for $14M

Director, facing sex assault allegations, sells Malibu home for $14M
Liam, Chris and Luke Hemsworth with their Malibu home (Getty, Zillow)

Hemsworth bros sell Malibu crash pad

Hemsworth bros sell Malibu crash pad
Trevor Noah and the Bel Air house (Getty, Redfin)

Trevor Noah pays $28M for Bel Air mansion after selling another

Trevor Noah pays $28M for Bel Air mansion after selling another
Reese Witherspoon (Getty)

Reese Witherspoon pays $16M for Brentwood mansion

Reese Witherspoon pays $16M for Brentwood mansion
Anthony Davis and 940 Candlecrest Drive (Getty, Redfin)

Lakers’ Anthony Davis sells mansion for $1M less than he paid

Lakers’ Anthony Davis sells mansion for $1M less than he paid
Red Hot Chili Peppers bassist Flea — real name Michael Balzary — sold his compound for $20 million (Getty, iStock)

Flea sells Malibu estate for $20M

Flea sells Malibu estate for $20M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...