Zillow’s Spencer Rascoff lists Brentwood Park home for $7M over Zestimate

Entrepreneur purchased the house in 2016 for $19.7 million

Los Angeles /
Mar.March 05, 2020 11:51 AM
Spencer Rascoff and the property (Credit: Twitter, Zillow, and Google Maps)
Spencer Rascoff and the property (Credit: Twitter, Zillow, and Google Maps)

Spencer Rascoff, the co-founder and former CEO of Zillow, has put his Brentwood Park estate on the market for $24 million, according to Redfin. The asking price is $7 million over the “Zestimate,” or Zillow’s appraisal of what the home is worth. 

Property records show that Rascoff paid $19.7 million for the property in 2016.

(Credit: Zillow)
(Credit: Zillow)

The listing states that the 12,700-square-foot home – remodeled by architects Ken Ungar and Steve Giannetti – is located on a half acre in a gated neighborhood. The Zillow Zestimate for the house suggests it’s worth $16.7 million.

Josh and Matt Altman of Douglas Elliman have the listing.

Rascoff purchased the house from investment banker Michael J. Richter, who reportedly paid $9.3 million for the Parkyns Street manse in 2012.

The home has six bedrooms and nine bathrooms, along with a “spectacular” chef’s kitchen, a state-of-the-art theater with stadium seating, a fitness studio and a large master suite with a large balcony. The estate also features a two-bedroom guest wing, a motor court, and a spa, pool and mudroom.

Rascoff is currently launching dot.LA, a news and events company that will cover the tech scene in Los Angeles.

Last year, Rascoff stepped down from Zillow, which has pivoted to an ibuyer model with Rich Barton at the helm.


Related Articles

arrow_forward_ios
Spencer Rascoff and the home (Credit; John Lamparski/Getty Images)
Spencer Rascoff scoops up another Brentwood Park home
Spencer Rascoff scoops up another Brentwood Park home
Mitchell Englander (Getty)
Paying for his play: Ex-LA councilman sentenced in City Hall corruption scandal
Paying for his play: Ex-LA councilman sentenced in City Hall corruption scandal
Matthew Perry and 25438 Malibu Road (Getty, Redfin)
Matthew Perry parts with Malibu beach house for $13M
Matthew Perry parts with Malibu beach house for $13M
(iStock)
Outdoor dining to return in LA County this week
Outdoor dining to return in LA County this week
Steve Wynn and 1210 Benedict Canyon Drive (Getty, Compass)
Steve Wynn rolls dice with $110M mansion listing
Steve Wynn rolls dice with $110M mansion listing
Abode’s Robin Hughes and Avalon’s Tim Naughton with a rendering of the project (iStock)
AvalonBay, Abode chosen to redevelop West LA Civic Center
AvalonBay, Abode chosen to redevelop West LA Civic Center
Gov. Gavin Newsom (Getty, iStock)
Newsom lifts stay-at-home orders but will restaurants reopen?
Newsom lifts stay-at-home orders but will restaurants reopen?
Onni Group president Rossano de Cotiis and a rendering of Times Mirror Square
Onni Group’s 1.1K-unit Times Mirror Square project nears final approval
Onni Group’s 1.1K-unit Times Mirror Square project nears final approval
arrow_forward_ios

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

Loading...