After Jeff Bezos paid a record $165 million for one Warner brother’s mansion in Beverly Hills, CA, the timing just might be right to sell another Warner brother’s mansion for a far more modest $32.5 million.
This might be the only time you see “modest” used to describe a $32.5 million property, but it’s all relative—in more ways than one.
The Jack Warner estate Bezos purchased from music mogul David Geffen sits on 9 acres in one of America’s most sought-after neighborhoods. It includes a 13,600-square-foot, Georgian-style mansion, guesthouses, a tennis court, and a nine-hole golf course.
However, the elegant estate that’s one-fifth the cost of Bezo’s new acquisition was built in 1923 for Jack’s brother Harry. It includes a 12,220-square-foot, Tudor-style mansion.
Highlights of the Harry Warner estate
The renovated mansion sits on an acre-plus lot and comes with a guest house once inhabited by Marilyn Monroe. Other highlights include a European garden, a pool and spa, waterfalls, tennis court, koi pond, and a children’s park with a cottage.
One of the most noteworthy features of the seven-bedroom, nine-bathroom mansion is the state-of-the-art entertainment room. It features a drop-down screen and projection system, custom leather seating inspired by the chairs at the Warner Bros. Studios, an indoor-outdoor bar made of Jerusalem stone, and etched-glass windows.
The spectacular kitchen has hand-hewn beams, granite and hand-painted tiles, and high-end appliances, including a Wolf stove, Dacor oven, and Sub-Zero refrigerator.
The second story holds four en suite bedrooms as well as the master suite, which features a vaulted and beamed ceiling, his-and-her bathrooms, refreshment area, fireplace, and terrace.
The mansion’s storied past
The mansion was designed by a young Paul Williams, the first African-American member of the American Institute of Architects. Williams went on to become one of the most popular architects of the era in Los Angeles, designing homes for celebrities such as Frank Sinatra, Lucille Ball, Lon Chaney, and Barbara Stanwyck.
This mansion also played a prominent role as O.J. Simpson‘s home in the Emmy-winning series “The People v. O.J. Simpson.” It’s been on and off the market since 2017, when it was priced at $40 million.
Why hasn’t a buyer stepped up?
So why hasn’t the Harry Warner estate been able to find a deep-pocketed suitor à la Bezos?
The mansion’s owner—philanthropist, real estate developer, and filmmaker Daphna Ziman—hasn’t been in a rush to let the famed property go. After putting care and time into the home’s renovations, she’s been waiting for the right offer.
She’s hosted many high-profile fundraisers in the home over the years, and has continued to do so even while it’s been on the market.
Listing agent Joyce Rey of Caldwell Banker says Ziman is finally serious about selling the mansion she purchased in 1996, now that she has her eye on another prominent estate.
And the Harry Warner estate has particular value right now, when grand, classic homes with a rich and glamorous history are enticing a new generation of moguls. There’s proof that history—and celebrity—sells in the $100 million-plus sales of the Jack Warner estate, the Playboy mansion, and Chartwell.
“That’s because there’s nothing else like them anywhere else in the world,” says Rey. “These properties are very rare, exclusive, and unique.”
The exclusivity and old-money glamour is exactly what causes wallets to open throughout Southern California.
So from that perspective, $32.5 million for a meticulously restored, old Hollywood estate could indeed be considered a modest price.