$66.8M Paul Williams-Designed Mansion Is This Week’s Most Expensive New Listing

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A graceful Paul Williams–designed estate in the posh Holmby Hills area of Los Angeles is this week’s most expensive new listing on realtor.com®.

Homeowner Richard Neu—whom Mansion Global describes as a “shipping magnate“—is trying to close a whale of a deal. He’s asking for $66.88 million for the property, which he purchased for just $15 million in 2006. If he gets anything close to his asking price, he could quadruple his original investment.

The home, which landed on the multiple-listing service this week, was shopped around earlier in the year. At that time, it was represented by Marisa Zanuck of Beverly Hills Estates Realty, where Neu is apparently a part-owner, the Real Deal reported.

Despite Zanuck’s celebrity cachet—she starred in “Real Housewives of Beverly Hills”—the home is still searching for a buyer. It is now being repped by another member of Beverly Hills Estates Realty, Christopher Danna.

Paul Williams-designed estate

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Aerial view

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Parklike grounds

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Designed by Williams and built in 1926, the mansion measures 10,907 square feet. It has 11 beds, nine baths, a wood-paneled den, and living and dining rooms. The landscaped grounds include a tennis court and swimming pool.

The home is located “on the most enticing street in Holmby Hills,” according to the listing.

“Mapleton is a trophy street in Holmby Hills, and this house has … over an acre of flat land,” says Danna. “The grounds are like a private park setting.”

Williams-designed homes have become more prized, and pricey. Designer of over 2,000 residential homes, mainly in Southern California, Williams was the first African-American to become a member of the American Institute of Architects, in 1923.

The trailblazer designed homes for Frank Sinatra and Lucille Ball, among other stars, and was known for mastering a wide range of styles, including French chateau, regency, and Mediterranean.

This home with its sky-high price tag is in good company. There’s an even pricier property for sale, known as the Manor, on the same street. The $200 million megamansion was once owned by Aaron and Candy Spelling.

Not surprisingly, the area’s large and private mansions are a huge celebrity magnet. The late Playboy publisher, Hugh Hefner, kept a home there he dubbed the “bunny hutch,” which housed would-be Playboy Bunnies.

And an A. Quincy Jones–designed spread was picked up by serial flipper Ellen DeGeneres for $40 million. She flipped it for $55 million to tech entrepreneur Sean Parker in 2014. Perhaps DeGeneres will turn her investor’s eye to this gem.

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