Location: 671 Alma Real Drive, Pacific Palisades 90272
Asking price: $7.985 million
Year built: 2001
Combined house size: Six bedrooms, 71/2 bathrooms, 8,296 square feet
Lot size: 16,378 square feet
Features: Privacy hedge, media room, sauna, gym, maid's quarters, flat lawn, canyon and mountain views from guesthouse's rooftop yard.
About the area: In the first half of the year, 146 single-family homes sold in the 90272 ZIP Code at a median price of $1,712,000, according to DataQuick. That was a 13.3% decrease from the median during the first half of 2010.
Listing agent: Jim Miller, Jim Miller Residential Realty, (310) 779-6422
To submit a candidate for Home of the Week, send high-resolution color photos on a CD, written permission from the photographer to publish the images and a description of the house to Lauren Beale, Business, Los Angeles Times, 202 W. 1st St., Los Angeles, CA 90012. Send questions to firstname.lastname@example.org.