Art dealer Margo Leavin has relisted her modern Hollywood Hills home for $11.75 million.
The seller tested the market in the fall, when she listed her longtime home for $15 million for a few weeks in October and November. The Art Deco terracotta-colored mansion hit the market again with a price reduction on Monday, according to listing records.
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Ms. Leavin, who ran her eponymous Los Angeles gallery from 1970 through 2013, bought the home in 1992 for $1.56 million, according to property records.
Architect C. Raimond Johnson completed the mansion in 1941, according to the listing with Hilton & Hyland agent Brett Lawyer, who did not immediately return request for comment. The home’s modern curved facade and interior wood-paneled details are a marked break from the architect’s most notable works, which include a number of Italian Romanesque buildings on the University of Southern California campus.
Ms. Leavin, whose gallery over the years carried a roster of top contemporary artists including David Hockney, Sol LeWitt and Hannah Wilke, lives in a gated community on La Brea Terrace. Her 1.8-acre property spans landscaped grounds, a large motor court, and a large patio with a pool and spa and jetliner views of the city, according to images of the home.
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Evidence of her decades-long career at the top of the art world shows in the listing photos of the home, including an Andy Warhol "Banana" print.
The five-bedroom, seven-plus bathroom home includes a collection of balconies and living spaces lined in glass windows. The well-equipped kitchen includes a large central island with a butchers block top, several ovens and a double-wide refrigerator.
Ms. Leavin could not immediately be reached for comment.