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Armand Marciano now asking $54.5 million for Beverly Crest estate

Guess who has lowered his asking price?

Armand Marciano, who co-created the Guess brand of jeans and its extended apparel line, has put his Beverly Crest-area estate on the market at $54.5 million. That’s a 13.5% drop from the $63 million asked two years ago.

Built in 2001, the Mediterranean-style mansion has 30,000 square feet of space in three stories including an elevator, nine fireplaces, a wine cellar, 10 bedrooms and 22 bathrooms. There is parking for 27 cars.

The grounds of nearly 20 acres feature a mosaic-tiled swimming pool, a pool house, an outdoor kitchen with a pizza oven, a tennis court and pavilion, orchards and fountains.

The Times Mapping Database considers the area to be Beverly Crest, while the Multiple Listing Service classifies it as the Beverly Hills Post Office area.

Joyce Rey and Stacy Gottula of Coldwell Banker’s Beverly Hills South office are the listing agents.

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Copyright © 2014, Los Angeles Times
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