Sharon Stone’s Bel Air-Holmby Hills mansion hits the market this month. Yes, yes, I know...it’s a nice house, killer location, has a tennis court, sits on 5 acres....blah, blah, blah. But, HELLO...IT HAS PARKING FOR 14 CARS!
Yes, parking for 14 cars. That alone sets this home apart from the other mansions in Bel Air. This is a highly sought after feature for the demographic purchasing at this level. Car collections are common...and the storage of these often rare cars is critical. Many of these garages are climate and humidity controlled, maintained by special personnel.
This home has yet another real estate bubble heartbreak story. It was sold in February, 2006 to Sharon Stone for $11 million...after sitting on the market for SIX DAYS. (Ah, the good ‘ole days!). Five months later she tried to sell the home for $12.5 million. Alas, the party was over...and everyone was trying to sober up from the real estate frenzy that had just taken place. If you were caught holding anything that you’d bought between 2003-2006 you were, ahem, tattooed.
Needless to say, the property didn’t sell despite sitting on the market for over 9 months. Then in June of 2007 she tried to sell it again, this time starting at $11.5 million and over the course of five months reducing it to $10.5 million. Nope...still didn’t sell.
This gorgeous mansion continued to sit on the market, unoccupied for the most part. Those beautiful grounds were meticulously attended to...the tennis court was kept in pristine shape. But, no takers.
It was back on the market for sale again in 2008, this time for $10 million. But, you guessed it...no luck. Then again in late 2009 the property was up for sale again, this time for $9 million. It sat there for 6 months.
Now, it is on the market again, for $8,995,000. We have seen evidence of pre-bubble prices creeping back into the market, so this sale may finally be priced right for the timing of the market, and ready to move.
This home was built in 1991 and has 7 bedrooms and 8.5 baths. The square footage is anywhere between 6640-9000 (depending on which of the MLS listings you choose to believe). There is also a separate 2BR guesthouse, which has it’s own gym. Oh, and in case you forgot...there is covered parking for 14 cars. ;-)
If you’d like to see this house in person, please email me or call me at 213-309-5005.
Listing provided courtesy of Joseph Babajian, Rodeo Realty.