Beverly Hills home with art gallery hits market at $20M

A home in Beverly Hills is on the market for $20 million, an asking price that includes an art gallery and a year of complimentary concierge art service.

The unidentified owner has listed the 7,900-square-foot home and gallery at 1136 Calle Vista Drive, CoStar News reported.

The one-story Mediterranean-style home, dubbed the Gallery Estate, has five bedrooms and four bathrooms on three-fourths of an acre. 

The hilltop home, built in 1990, has soaring ceilings and expansive glass walls, along with a resort-style pool and views of the Los Angeles skyline, according to the listing. It comes with a three-car garage.

The property last traded in 1986 for $1 million, according to Redfin. 

But what sets the house apart from its neighbors is the built-in art gallery. The gallery displays the current owners’ collection, but those pieces won’t come with the property, according to Rochelle Maize of Nourmand & Associates, who holds the listing.

Instead, the seller will give the buyer a year of complimentary concierge art service with an accepted full-price offer. It’s in partnership with Creative Art Partners, a fine art rental and sales agency that has worked with Shvo, Hines and CBRE, according to its website. 

Maize said the concierge service would give buyers who don’t have their own collection the opportunity to curate a collection, and even try out different pieces, for a year.

She envisioned a potential buyer in their mid-40s to their mid-50s, impressed by its 90210 address. Tom Cruise, star of “Mission Impossible” and “Top Gun,” once lived on the street.

“It’s not their first home, obviously. They’re a little bit more established, and they’ve started a collection,” she told CoStar in describing the idealized buyer. “They want Beverly Hills because of the … name.”

Maize said she has reached out to local galleries and “creative partners” about the home-gallery listing. Within hours, she said, she’d set up three private showings with potential buyers.

— Dana Bartholomew

Read more

Residential

Los Angeles

Beverly Hills home designed by “megamansion king” sells for $37M

Commercial

Los Angeles

Tinder co-founder and family make office-retail play in Beverly Hills

Residential

Los Angeles

Leo Pustilnikov tangles with red tape over builder’s remedy in Beverly Hills