A Beverly Hills investor listed a 20,800-square-foot mansion in the Hollywood Hills built for the creator of the sitcom “Full House” for $39.8 million — twice its last traded price a decade ago.
DG Home, led by Dan Gatsby, put the three-story hilltop estate at 1302 Collingwood Place up for sale, according to Mansion Global, property and state business records.
Gatsby bought the five-bedroom, eight-bathroom home in November 2016 from TV producer Jeff Franklin for $20.2 million.
Franklin, who purchased the property above Sunset Boulevard in 1988, tore down a small house he’d bought for $1.9 million and replaced it with the mansion in 2014.
The mansion, designed by “King of the Megamansion” Richard Landry, is perched on a promontory at the end of a cul-de-sac, with views of the Los Angeles skyline and Pacific Ocean
The cream-colored house includes a bar, home theater, sauna, terraces, gym, pool, spa and a car showroom. A $1 million furniture package is available separately.
The grounds are flat — an “extraordinary rarity” for the Hollywood Hills that couldn’t be done today “due to strict modern grading and hillside building restrictions,” according to the listing.
Josh, Matt and Heather Altman and Jordan Medwin of the Altman Brothers Team at Douglas Elliman have the listing.
Dan Gatsby, founder and CEO of Beverly Hills-based Gatsby Investments, a real estate syndication firm that specializes in home flipping and returns on multifamily development.
In April, Franklin sold two waterfront lots in Miami Beach’s Venetian Islands for $22.5 million, according to The Real Deal.
Records show Franklin gets his mail at 10066 Cielo Drive, a 3.6-acre compound in Benedict Canyon with a 21,000-square-foot mansion, a gym, a spa, a theater and a pool with a lazy river and swim-up bar. In 2022, he listed it for $85 million.
The property is infamous as the site of the Manson family murders of Sharon Tate, Jay Sebring, Abigail Folger, Wojciech Frykowski and Steven Parent in 1969. After the killings, the original home was demolished and the property’s address was changed.
The Hollywood Hills has a long tradition of celebrity home ownership.
Last month the Academy Award-winning writer behind “American Beauty” was looking to offload his over 10-acre Hollywood compound for $21 million, according to The Real Deal.
Alan Ball, who was also behind HBO’s “Six Feet Under” and “True Blood,” was poised to place his property at 1900 North Vista Street up for sale for nearly double the $11.1 million a trust tied to his business manager paid for the property, once owned by Sheryl Crow and Lou Costello. — Dana Bartholomew
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