After failing to lure a buyer to the table last year, the Holmby Hills mansion of Michael and Eva Chow, owners of the upscale Mr. Chow restaurants, is back for seconds. The luxurious L.A. residence has had $8 million chopped from its price tag, but still stands tall as this week’s most expensive debut on realtor.com®, with a list price of $69,975,000.
Located on South Mapleton Drive, one of the most expensive streets in the country, the estate is only a half-mile away from The Manor—a home that strolled away with the title of priciest sale in Los Angeles County for $119,750,000 in July. It’s also just a couple of blocks away from the former Playboy mansion.
If the Chow residence doesn’t set your mouth watering, there are a few other options currently available along this tony stretch of SoCal pavement. We spotted a similarly priced $69,950,000 mansion being marketed as “Three Hundred Thirty”—a reference to its Mapleton address—as well as a less expensive manse currently going for $32.5 million.
But why wouldn’t a buyer swoon for the Chows’ home? “There is no home on the market as thoughtfully built as this one,” saysCarl Gambino, who is the co-listing agent along with Westside Estate Agency CEO Kurt Rappaport.
And while it might be easy to wave off Gambino’s comment as housing hyperbole, the mansion was the result of years of time and effort.
The Chows spent over seven years building the home from scratch, according to the Wall Street Journal. The home features “imported carved wooden doors from a Spanish monastery, 400-year-old Moorish columns and 16th- and 17th-century Florentine ceilings.”
Designed to house the art collection of the Chows—who divorced in 2017—the “whole house is made like a gallery to display works of art,” according to Gambino. Eva Chow sits on the board of trustees for the Los Angeles County Museum of Art.
The results of this art-minded endeavor are evident in the home’s listing photos. The 30,000-square-foot residence features grand rooms designed to display large pieces of art.
Specific awnings and shades were designed for the home to protect the multimillion-dollar art collection, says Gambino, who tied the couple’s interest in fine art to the meticulous construction of the mansion.
Besides its emphasis on art, there are plenty of other features within the seven-bedroom main house worth highlighting. There’s an underground home theater with views of the pool via windows on the side wall.
There’s also a rooftop terrace to take in city views, a three-story guesthouse, and ample outdoor space for entertaining guests.
The home initially hit the market a year ago with a $78 million price tag, but Gambino assures us nothing about the home was distressed in the slightest. The home wasn’t marketed correctly, he explains, and was being measured against the boxy, modern spec mansions that have sprouted up throughout Southern California.
The Chow mansion, modeled after the Reina Sofia museum in Madrid, is far from that boxy aesthetic.
Now it’s back with a fresh price, a new marketing plan highlighting its one-of-a-kind construction, and an emphasis on finding the right buyer.
“A high-end art collector would be the perfect buyer,” says Gambino.
Source: Housing Trends Feed