Located in the posh Brentwood neighborhood, the 14,000-square-foot mansion on 8.29 acres was initially offered for $55 million in 2015.
The property’s price has dropped over the years. It was reduced to $49 million in 2016, and then later that year, dropped to just below $40 million. The listing popped up again last year, also for around $40 million.
Now 97, the “All in the Family” producer seems really ready to let go of the family compound and move to a smaller space. He purchased the place back in 1988 for $6.5 million.
Over time, he and his wife, producer Lynn Lear, made improvements, including a guesthouse with a jacuzzi and an outdoor kitchen, a tennis court, staff offices, a gym, and a 35-car garage that sits under the tennis court.
Then, in the last two years, the owners embarked on a total update of the house, from the newly repainted white exterior, to refreshed bedrooms, bathrooms, new floors, and more windows.
“It’s so much lighter,” says listing agent Andreas Elsenhans with Douglas Elliman. “It’s much more classic modern.”
What hasn’t changed are the spectacular views.
“It’s the most impressive skyline,” Elsenhans adds.
The gated estate offers ocean, city, and canyon vistas. Enter from a driveway that leads to a circular motor court and fountain at the main entrance. The foyer features gallery walls and a curved staircase, a perfect showcase for an art collection.
The layout comes with seven bedrooms and 12 bathrooms, including a master suite with a fireplace.
In addition, there are formal living and dining rooms, an eat-in chef’s kitchen, two-story library, and professional screening room. Outdoor space incorporates multiple decks and patios. The tennis court has an adjacent covered viewing area.
In addition to the main residence, the property also has executive staff and security offices, and a pool, spa, and gym. Terraces and an outdoor kitchen lead out to lush landscaping and gardens.
In addition, the listing comes with a security guardhouse at the front of the property, and an adjacent 1-acre lot, which could be developed into another home, Elsenhans notes.
Over Lear’s long and legendary career, he’s produced the hit sitcoms “All in the Family,” “Sanford and Son,” and “The Jeffersons.” He also produced movie classics “The Princess Bride,” “Stand by Me,” and “Fried Green Tomatoes.”
Joshua Altman, Andreas Elsenhans, and Matthew Altman with Douglas Elliman hold the listing.