A buyer has snapped up a log cabin with serious Hollywood cache in the Rustic Canyon neighborhood of Santa Monica for $7.7 million.
The sellers of the home, originally built for the 1923 silent movie "The Courtship of Miles Standish," closed on the property earlier this month. The buyers are listed in property records as the Uplifter Revocable Trusts—a nod to the home’s history as part of the Uplifters Ranch, a private refuge for Hollywood’s rich and famous.
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The fabled bohemian retreat, a collection of cabins and lodges surrounding an all-men’s club, served icons like Walt Disney, Clark Gable and Will Rogers, according to the listing with Hugh Evans III, of Partners Trust. A spokesman for the firm confirmed the sale.
The set-turned-private residence also served as the summer home of California Gov. Earl Warren in the 1940s, and much later the home of actress Daryl Hannah, famous for films like the 1984 hit "Splash" and 1999’s "Steel Magnolias."
In 1999, Ms. Hannah sold it to the last owner, Larry Butler, chairman and chief executive of a Los Angeles manufacturing company Alpha Technologies, and his wife, Marla, for $1.55 million, according to property records.
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The interior now offers contemporary design elements like an open kitchen and a dining room filled with natural light from bi-fold glass doors and double case windows. The home also has a plunge pool and large terrace.
The home was on the market for about two months before selling for around 3.7% less than the asking price—beating the average price discount for luxury Los Angeles homes, which was around 7.2% in the first quarter of 2017, according to a new report from Douglas Elliman.