A 15,000-square-foot modernist home in Beverly Hills is hitting the market fully furnished for $48 million; the Picasso in the gallery is negotiable.
John Saca, a Sacramento-based commercial real-estate developer, bought the 1.1-acre property through a limited-liability company for $8.5 million in 2013, according to public records. He tore down an existing craftsman home, once owned by actor James Woods, to build this “modern barn”-inspired compound as an investment property.
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The developer aimed to make the house stand out in the luxury spec market, designing a darkly stained cedar wood home in a market where “everything was white on white on white,” says listing agent Jesse Lally of Hilton & Hyland, who helped design the home. He said they spent $2.5 million on teak wood for sliding glass doors and finishes. A concrete board-formed wall, created by pressing cedar wood against wet concrete, cost another “couple million dollars.”
The just-finished home has six bedrooms, seven full bathrooms and three half baths. The guest house is connected to the home by an 850-square-foot art gallery filled with pieces by Andy Warhol and Damien Hirst, among others. About 28 artworks on display in the home are available for purchase, but not included in the sales price. The most expensive piece, the Pablo Picasso sketch “Fumeur à la Cigarette Rouge,” is asking $110,000.
Everything else in the home, including Italian furnishings and three stocked bars, will be included, Mr. Lally said. Other features include a 210-foot infinity-edge pool, a 22-person home theater, wine room and outdoor entertaining pavilion.
Mr. Lally shares the listing with Branden Williams, also from Hilton & Hyland.
Write to Stefanos Chen at stefanos.chen@wsj.com