A Beverly Hills home with a long Hollywood pedigree—including residents like MGM director-producer George Sidney and bigtime music executive Freddy DeMann—has gone into contract to sell.
The mansion on Tower Road, which has undergone a massive two-and-half-year gut renovation, was most recently listed for $28.45 million with Kurt Rappaport, co-founder and chief executive of Westside Estate Agency.
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"It was entirely rebuilt and reconfigured," Mr. Rappaport said—adding that the owners kept the shell of the house, which was built in the 1930s.
The current owners, whom Mr. Rappaport declined to identify, bought the property in 2010 under a limited liability company following decades of high-profile residents. Property records show the home currently belongs to Tower Road Property LLC.
The late Metro-Goldwyn-Mayer director was one of the 1.4-acre estate’s earliest residents. Sidney, who rose to fame directing mid-century classics like "Annie Get Your Gun," "Kiss Me Kate," "Bye Bye Birdie," as well as Elvis Presley’s "Viva Las Vegas," eventually sold the home in the late 1970s, according to property records.
The property returned to celebrity hands again in 1986, when Mr. DeMann bought what was then a five-bedroom, eight-bathroom house, according to property records.
But the music executive—who at different times managed Billy Idol, Lionel Richie, Michael Jackson, Shakira and started Maverick Records with Madonna—unloaded the house after less than a decade for $3.75 million. The buyer was sci-fi and action movie producer Gale Anne Hurd, whose work includes Arnold Schwarzenegger's "The Terminator" movies and the hit AMC zombie series "The Walking Dead."
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Part of the home’s attraction is its 1,000 feet of frontage in one of Beverly Hills’ most exclusive areas, Mr. Rappaport said. The new owners will have David and Victoria Beckham, Bruce Springsteen, New York Giants chairman Steve Tisch and Jay Leno among their neighbors.
The recent renovation created large public rooms, a media room, installed a professional gourmet kitchen, a temperature-controlled wine room and a heated loggia that leads out to a manicured backyard. The pool in the backyard is large enough for a lap swim and sits beside a "polo-sized" yard and the property’s separate, 4,000-square-foot guesthouse.