438 N. Faring Rd., Los Angeles
For Sale: $48 million
The builders of this modern estate built it on spec. As in speculative. Now they are just hoping the right billionaire art collector comes along to scoop it up.
The 16,000-square-foot home is built of 20-foot walls of glass in Holmby Hills, the third corner of Los Angeles’ so-called “platinum triangle” and the neighborhood that has been home to a long list of superstars, including Michael Jackson, Aaron Spelling and Frank Sinatra.
The likely buyer will come from overseas, someone looking to invest in a trophy property with a great entertaining space, privacy and over-the-top resort feel.
London-based Quinn Architects and Estate Four built the home to be dramatic and luxurious, and they didn’t cut any corners: marble-clad stairwell, infinity pool, American black walnut floors.
The seven-bedroom, 8.5-bath estate has views of the Hollywood Hills, a huge kitchen and a 45-foot central gallery.
“It’s built for an art collector,” said David Parnes, who holds the listing for The Agency along with James Harris and Mauricio Umansky. “It’s like a blank canvas.”
The estate has a European feel, with Italian finishes and fixtures and modern, European furniture.
“It’s just the whole package. It really is,” said Parnes. “It’s an experience to go into the house.”
See more photos of the home on Zillow Blog.
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