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Lessons in sparing no expense

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Times Staff Writer

Budd Holden was careful to watch his budget when he designed this Beverly Hills home in 1986. Eleven years later, working on a redo with new owners, he had few, if any, financial constraints.

The result, after most of the home was remodeled, is a spectacular party place.

Since its owners bought the estate in 1997 and spent two years refurbishing it, the home, which has large public rooms and a floor plan with a good flow, has been the site of many philanthropic events.

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About this house: Movie producer Ted Field, the second owner of this home, added a screening room that is now an integral part of what makes this home ideal for large-scale entertaining. The room, which seats 20, has two 35-millimeter projectors and Surround Sound. Next to the screening room is an informal family room with a spacious wet bar and refrigeration area.

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A more formal family room has a powder room, fully equipped wet bar, temperature-controlled walk-in wine cellar, fireplace and French doors opening to terraces overlooking the gardens. Nearby, a banquet-sized dining room has a view of a lighted outdoor fountain.

The home also has a solar-heated pool and spa with observation windows overlooking the lighted tennis court. There are two tennis pavilions with misters.

Asking price: $19,950,000

Size: There are seven bedrooms, including two staff rooms and a guesthouse, and 18 bathrooms in 21,333 square feet. The home sits on more than an acre of park-like grounds.

Features: The estate has a circular driveway and motor court, a two-story entrance gallery, a two-story library-office, a butler’s pantry with a walk-in silver closet, an octagonal breakfast room, an elevator, nine fireplaces, and a gym with two bathrooms, steam showers, a sauna and a changing room. A finished attic and basement provide storage.

Where: Beverly Hills, north of Sunset.

Listing agent: Judy Ross-Bunnage, Coldwell Banker Previews, Beverly Hills, (310) 285-7504

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To submit a candidate for Home of the Week, please send color interior and exterior photos (copies only; we cannot return the pictures) and a brief description of the house, including what makes the property unusual, to Ruth Ryon, Real Estate Section, Los Angeles Times, 202 W. 1st St., Los Angeles, CA 90012; or e-mail homeoftheweek@latimes.com.

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