Mansion Global

Shipping Magnate Seeks Almost $67M for L.A. Home

Asking price is more than four times what Richard Neu paid a decade ago

Save

The businessman is seeking more than four times the $15 million he paid for the property in 2006.

Trulia
The businessman is seeking more than four times the $15 million he paid for the property in 2006.
Trulia

Businessman Richard Neu is certainly hoping his ship will come in when it comes to his recent real estate listing in Los Angeles’s Holmby Hills neighborhood.

With a titanic $66.65 million asking price, the shipping magnate is seeking more than four times the $15 million he paid for the 10,907-square-foot property on South Mapleton Drive back in 2006, Los Angeles property records show.

More:Singer Robbie Williams Sells Beverly Hills Home for Just Shy of $10 Million

Designed by renowned architect Paul Williams and built in 1926, it’s set on more than an acre of land and includes a seven- bedroom, nine-bathroom main house with a large master-suite, a tennis court and a swimming pool, according to the listing.

South Mapleton Drive, which is just west of the posh Los Angeles Country Club, has long been popular with the rich and famous—and even Playboy Playmates—due to its large private mansions that dot the tree-lined street.

Until 2013, Playboy publisher Hugh Hefner owned a home on the street dubbed the "Bunny hutch," as it’s where playmates would stay when the nearby Playboy mansion was full, according to Variety.

It added that Mr. Hefner also owned another mansion on the street, which he sold in 2009 for $18 million, while Gregory Peck’s widow, Veronique, sold her seven-bedroom mansion on the same street for $22 million to Google’s Eric Schmidt in 2013.

More:San Diego Chargers’ Antonio Gates Relists Los Angeles Home

Marisa Zanuck of Beverly Hills Estates Realty and Bravo’s "The Real Housewives of Beverly Hills" fame, who is the listing agent for Mr. Neu’s property, confirmed that she was selling Mr. Neu's house. He did not immediately respond to a message left for him at Neu Holding Corporation.