A modern masterpiece that was once owned by famed architect Frank Gehry is now asking $4.8 million.
The three-bedroom home on Los Angeles’s St. Ives Drive, close to the Sunset Strip, was most recently listed for $5.25 million in August, records show, but was discounted at the end of September.
Mr. Gehry, 88, owned the house in the late 1970s, listing broker Jonah Wilson of Hilton & Hyland said. It was built in 1936, but Mr. Gehry “did a big remodel and put his stamp on it,” Mr. Wilson said. The renovations reportedly included wrapping three sides of the existing house in a stucco enclosure.
Mr. Wilson couldn’t confirm whether Mr. Gehry actually lived in the house.
Mr. Gehry, who could not be reached for comment, is well known for his modernist residential work across Los Angeles, as well as larger projects like the Walt Disney Concert Hall and the Guggenheim Museum in Bilbao, Spain. His name “is a big draw,” for people with an appreciation for architecture and design, Mr. Wilson said.
Spanning 3,861-square-feet, the house has an open floor plan, wall-to-wall picture windows, a chef’s kitchen, a full-floor master suite, terraces and a swimming pool, according to its listing.
The current owners are Margaret Maldonado, founder of the L.A.-based fashion label L'Agence and the Margaret Maldonado Agency, and her husband Mikko Koskinen, property records show. They bought the home in 2005 for an unknown sum and are “ready to move on and do something different,” Mr. Wilson said. They embarked on a large renovation about a year-and-a-half ago, he said. The couple could not be reached for comment.
Elsewhere in the neighborhood, three parcels totaling around one-and-a-half acres are poised to become a developers dream, having listed on Monday for a combined $30 million.
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