On the Market: The Original Estate of the Early 20th Century Developer of Celebrity Enclave Los Feliz Hills

Now situated on two acres (from the original nine, and which once boasted a miniature Grand Canyon) and after layers of previous renovations, the current owners started what became a 12-month process of stripping away decades of poor design choices (envision Studio 54 meets Liberace opulence). Today, down to the studs, the original structure is exposed in all its engineering splendor.  The current owners enlisted Domani Architecture to create the redesign. Their plans take a nod to the original vision, bringing the home back to its Golden Age of Hollywood glory but also improving the old design with what can be expected standard for an Estate in 2016.  The new plans call for a main home of 14,315 square feet, featuring 7 bedrooms, wine cellar, gym and theatre. The Estate also has two guest houses totaling an additional 2,350 square feet and pool.

Will it be a wrecking ball that awaits the fate of this once glorious mansion? Or a collector or investor looking to restore the Estate to its former grandeur? Whatever happens, it will forever change the look of the hillside below the Observatory as the home sits prominently above the skyline awaiting a new owner willing to take on this legendary fixer-upper.

At a list price of $5,995,000, and likely construction costs in the range of $4 to $5 million to complete the new vision, the Estate once finished could set sale price records in the Los Feliz area if it's ever resold. For now, the Mead Estate awaits its fate and place in history.

The home is represented by Joe Carrabba and Monique Carrabba of the Carrabba Group @ Keller Williams Los Feliz, 323.899.2900.

For more information visit www.WilliamMeadEstate.com

SOURCE Carrabba Group

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http://www.williammeadestate.com