Seems nobody bothered to tell Holmby Hills about the real estate market slowdown, because the perennially posh Los Angeles neighborhood just recorded one of its most expensive sales of the year — and this particular property fetched a premium. A hulking mansion on coveted South Mapleton Drive sold for $61 million, way over the $47.7 million the unchanged place transferred for just last summer.
The home’s lucky seller was English billionaire Ian Livingstone, while the buyer was George Daneshgar, a longtime Beverly Hills resident and commercial real estate investor. (If Daneshgar’s surname sounds vaguely familiar, it’s perhaps because his close family member Nathan Daneshgar recently bought Lloyd Wright’s iconic John Sowden House in Los Feliz.)
Built in the early 1990s by a now-deceased stockbroker, the monumental Holmby Hills residence spans more than 31,000 square feet of living space. A former owner gave the entire house a multimillion-dollar facelift circa 2016, subsequently putting it on the market with an $88 million price tag. After years of no takers and price chops, that person finally sold to Livingstone at a huge discount.
Set on more than an acre of flat land, behind enormous gates and mature trees, the mansion features a sweeping motorcourt with parking for 20+ cars. Grand double doors open into an all-white foyer with marble floors and dual staircases, and there’s a crystal chandelier dangling below a massive skylight. The formal dining room easily seats 18 dinner guests under two chandeliers, and the eat-in kitchen is primed to cater large events.
Doused in a chic array of cream and gray shades, the European villa-style manse also offers a two-story library, billiards room, movie theater, private beauty salon and an indoor lap-lane pool. Naturally, there’s also an outdoor pool with an inset spa, plus formal gardens and a large grassy lawn. The detached guesthouse includes a two-story CrossFit gym, per prior listings. And perhaps most notably, the house also contains three commercial-grade elevators.
Tucked between Bel Air and Beverly Hills, Holmby Hills’ South Mapleton Drive has long been one of L.A.’s most prestigious addresses, with two of the city’s most famous homes sitting along that roadway — the Playboy Mansion and the former Spelling Manor.
No word yet about where Livingstone, 60, is moving, though he still owns at least one under-construction Bel Air mansion and recently sold a $120 million estate to Snapchat’s CEO. As for Daneshgar, 69, he still owns a 9,000-square-foot mansion on one of the best blocks in Beverly Hills, acquired a full 22 years ago.