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Old Hollywood Party House Hits the Market for $79 Million

The property was once home to Universal President William Goetz

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The Holmby Hills property was once home to Universal President William Goetz.

Composite: Hilton & Hyland/fineartamerica.com
The Holmby Hills property was once home to Universal President William Goetz.
Composite: Hilton & Hyland/fineartamerica.com

A 20,000-square-foot mansion in the Holmby Hills area of Los Angeles, which was once home to Universal-International Pictures president William Goetz and his wife, Edie Mayer Goetz, has just hit the market for $79 million.

The current owner is Gary L. Wilson, an investor and former chairman of Northwest Airlines, according to The Los Angeles Times.

Named the Eugene and Wynne Smith Residence after its original owners, the mansion was designed by noted architect Gordon Kaufmann and built in 1938, according to the Times. Kaufmann’s other architecture designs include the Los Angeles Times building and the Hoover Dam.

In the 1940s, the Georgian Colonial was briefly owned by millionaire industrialist Reese Llewellyn Milner and his wife, actress-dancer Ann Miller. After the couple split up, the property was sold to the Goetzes. Edie Mayer Goetz was the daughter of filmmaker Louis B. Mayer.

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During the Goetzes’ ownership, the residence became a gathering spot of the celebrity and business elite, including David Niven, Loretta Young, Joan Crawford, Judy Garland and Cary Grant, according to T he Times.

Mr. Wilson acquired the property from the Goetz estate in 1990. A neighboring home was later purchased and combined with the estate.

The main residence has 11 bedrooms and 14 bathrooms. In addition, there are three guest houses, two swimming pools and a tennis court on the property.

Listing agents of the property didn’t immediately respond to requests for comments.

Write to Fang Block at fang.block@dowjones.com