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Estate built on speculation along L.A.'s storied Carolwood Drive is asking $150 million

Estate built on speculation along L.A.'s storied Carolwood Drive is asking $150 million
Set on more than two acres, the newly built estate features a lounge, a hiking trail and plenty of room for party parking. (Everett Fenton Gidley)

Even in L.A.'s "anything is possible" luxury home market, there are still several ways to raise a few jaded eyebrows. Price, location and celebrity history are among them, and this newly built spec house in the Holmby Hills neighborhood has them all.

Listed at $150 million, the more than two-acre estate is rubbing elbows with the priciest behemoths of the Westside residential real estate world. The nearby Playboy Mansion notched the top spot with a $200-million asking price. The Danny Thomas estate in Beverly Hills is being marketed at $135 million.

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The prime location adds another layer of interest. Carolwood Drive has seen some record-setting prices. An estate known as Fleur de Lys sold there two years ago for $88.3 million – more if one adds in artwork and other items of value. The former Walt Disney estate brought $74 million.

Should price and location fail to impress, there's always the street's rich celebrity history. The contemporary residence was built on the grounds of Barbra Streisand's former "Mon Rêve" estate.

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Clark Gable, Gregory Peck and Tony Curtis lived on the drive, as did Frank Sinatra. Other musical talents to reside there include Rod Stewart, Sonny Bono, Cher and Elvis Presley.

The new estate contains some 30,000 square feet of interior space, 10 bedrooms and 20 bathrooms in a main residence and several guest houses. The master suite takes up 5,300 square feet and opens to a heated covered patio.

A lounge, wine room and movie theater complex has a separate valet entrance for guests.

The spa level features an indoor water wall that spills into a lap pool and a hot tub, a hair salon, a manicure/pedicure area and steam and massage rooms.

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The grounds include a hiking trail marked by lighted trees.  There is parking for more than 50 vehicles as well as a 10-car garage.

The property last sold as vacant land two years ago for $13.25 million.

Ginger Glass of Coldwell Banker Previews International is the listing agent.

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