Business Real Estate

A Bel-Air home built for entertainment

Home of the week: Seven bedroom, seven bathroom Bel-Air estate is on the market at $17.8 million

The Mediterranean-style Falconview Estate sits on a knoll high in Bel-Air with city and ocean views. Designed for entertaining, the 3.5-acre property includes parking for 40 cars, a one-acre park, hiking trails and an indoor-outdoor swimming pool.

Location: 10550 Fontenelle Way, Los Angeles 90077

Asking price: $17.8 million

Year built: 1988

House size: Seven bedrooms, seven bathrooms, 8,770 square feet

Lot size: 3.58 acres

Features: Bar, office/den, library/study, sauna, three kitchens, wine cellar, guesthouse, playhouse, four-car garage

About the area: In the first half of this year, 64 single-family homes sold in the 90077 ZIP Code at a median price of $2.05 million, according to DataQuick. That was an 11.7% price increase from the first half of last year.

Agents: Stephen Estes, (310) 993-7066; Jeffrey Hyland, (310) 278-3311; Alphonso Lascano, (818) 800-8848; Bjorn Farrugia, (310) 998-7175; all with Hilton & Hyland/Christie's International Real Estate

To submit a candidate for Home of the Week, send high-resolution color photos via Dropbox.com, permission from the photographer to publish the images and a description of the house to homeoftheweek@latimes.com.

Copyright © 2014, Los Angeles Times
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