Over the past week, Yolanda has received no fewer than four curious reader inquiries about one or both of two giant LA compounds that have just popped up for sale with heavy-duty pricetags: one asking $30 million and the other listed at a coma-inducing $72 million. Ouch!
Both mega-estates are located in the Coldwater Canyon area of a neighborhood known as Beverly Hills Post Office (BHPO), where all the homes have the coveted 90210 zip code (thus, most residents write their address as “Beverly Hills, CA 90210”). However, it’s important to note that BHPO properties are technically part of Los Angeles (the city) rather than Beverly Hills proper. That difference, of course, means BHPO residents must make do with LA city services — streets, trash, utilities, police, etc — rather than the generally more desirable offerings received by Beverly Hills residents.
Confused yet? But anyway, we digress. As it turns out — much to Yolanda’s surprise — both extravagant compounds are owned by the same couple: Steve Dunn and his ex-wife Laura Dunn, who were married for 30+ years but are now divorced.
Mrs. Dunn was born and bred in the Chicago area and we think Mr. Dunn originally hails from Texas, but the pair have primarily resided in LA since the early 1990s. It is here, in Van Nuys, where Mr. Dunn’s Munchkin, Inc. business is headquartered. Munchkin makes products for infants and toddlers — think baby bottles, pacifiers, bath toys and the like — and generates hundreds of millions in annual revenue.
As for Mrs. Dunn, she is a former model and actress who now operates the lifestyle blogs Fabulous365 and LauraDunnLuxury.com, where she shows y’all how to live a properly luxurious lifestyle. We checked out Mrs. Dunn’s latest blog post, which is about a $3,500+ Moncler puffer cape that her Barney’s New York specialist acquired for her. (Kids, you know you’ve made it in life when you’ve got a Barney’s specialist on hand to drop thousands on a collectible puffer coat that you’ll rarely wear.)
The Dunns have two adult children, including their daughter Beau Dunn — a young lady notable in her own right as a visual artist, with clients like the Kardashians, Claudia Schiffer, Lily Collins and David Arquette. In fact, Kylie Jenner recently hired Miss Dunn to do up her own glam room real fancy-like. But we digress.
So let’s take a quick peek at the divorced Dunns’ two giant estates, each of which span more than 10 acres of land — yes, that’s enormous for LA — and include multiple structures. We begin with the more expensive one, asking $72,000,000.
Per records, the Dunns purchased this three-parcel property in July 2011 for $11,200,000 and claim (via the Wall Street Journal) to have spent an additional $30 million renovating the main house and adding myriad other site improvements. The Tuscan-style estate boasts multiple structures that combined total approximately 21,000-square-feet of living space, including a 17,000-square-foot main mansion. Within those walls are a humongous ballroom and “stunning sculptural and antique elements, gorgeous materials, refined finishes“. All told, there are 8 beds and 11.5 baths on the premises.
Other impressive features of the decidedly maximalist property include two swimming pools and a reflecting/wading pool, pool house and cabana, two sports courts, gardens, a private golf course and off-street parking for 40+ vehicles.
The hillside compound abuts open land — with long views over unspoiled Franklin Canyon — and has essentially no neighbors, ideal for a billionaire to whom privacy is paramount.
If parts of this property look vaguely familiar, it’s probably because the house was leased to the American Idol producers some years ago, before the Dunns acquired it. The main house was (briefly) occupied by the AI contestants, who famously claimed it was haunted. Among the (alleged) spooky sights witnessed were a spider invasion, flickering lights and a bedsheet floating down the hallway.
Imagine that! You’re walking the hallways at your $72 million home and a gosh-darn bedsheet has the audacity to float on by! Why, that’s just rude.
Anyway, we’re sure the Dunns exterminated the ghosts — friendly or not — during their renovation. As for the decor, it verges on the luridly decadent, though obviously the style is a matter of personal taste. Yolanda knows plenty of rich folks who would love the look of this place.
There is, however, one major quibble that we must make about this spread. Although the property is exceedingly private, the location — right at the intersection of Coldwater Canyon and Mulholland Drives — is one of the busiest in all of 90210. Yolanda has driven past this estate hundreds — maybe even thousands — of times and things are nearly always at a standstill. For $72 million, we wouldn’t want the everyday hassle of waiting for a break in traffic before pulling outta the damn driveway.
But that’s just Yolanda, and we certainly don’t have $72 million to spend on a home.
As for the Dunns’ other 90210 property, which they’ve owned since the early 1990s, it is no less expansive. But the decor is rather rustic-chic and significantly less opulent than the $72 million estate, which is just 1.4 miles up the road.
Known as the James Cagney estate, the enviably private property has two gated access points: one on Coldwater Canyon and the other set off a wee side street. There are five detached structures on the 10+ acre, two parcel compound — including a petite abode adjacent to the estate’s main entrance that serves as a “perfect guard house“, per the listing.
Other features include off street parking for at least 20 vehicles, two swimming pools, a fully-lit tennis court, and “endless” outdoor spaces — pavilions, gardens and grassy lawn space galore.
So who is in the market for a $30+ million 90210 mega-compound? We dunno! Minimalism seems to be the new trend at the high-end — most rich folks (even those with $30 or $72 million to spend on a property) aren’t looking for absurdly high-maintenance 10+ acre estates with multiple structures and pools. But maybe Jeff Bezos and Lauren Sanchez need a new lovenest? Give ’em a ring.
And it’s worth noting, y’all, that there are a whole squadron of Saudi princes and princesses who reside in the BHPO area, and nearly all of them employ private security teams with bodyguards and such. Perhaps one (or both) of these properties will appeal to them? We shall see.
Listing agents ($30 million estate): The Altman Brothers, Douglas Elliman
Listing agents: ($72 million estate): Joyce Rey, Stephen Apelian, & Timothy Di Prizito, Coldwell Banker; The Altman Brothers, Douglas Elliman