European-Inspired Estate in Beverly Park Sees Significant Reduction
Rod Stewart’s European-inspired estate in Los Angeles, initially listed at $70 million in June, has undergone a significant price adjustment, as reported by Mansion Global. After a December increase to $80 million, the asking price has now been reduced to $74 million. Stewart acquired the approximately 3-acre property in 1991 for $12.08 million and enlisted renowned architect Richard Landry, known as the “king of the megamansion,” to design the mansion, completed in 1993. Nestled within Beverly Park, a gated community favored by celebrities, the nine-bedroom residence boasts 28,000 square feet of timeless elegance and opulence.
Protected by gates and a long private driveway, the mansion features luxurious details such as marble floors, columns, wood paneling, fireplaces, and intricate moldings. The listing, represented by Tomer Fridman of the Fridman Group International, emphasizes the home’s pedigree status as an ultra-luxury property in one of LA’s most sought-after enclaves. The amenities include a double-height lobby with a regal double staircase, a great room, a hand-painted bar, a formal library, a gourmet kitchen, a formal dining room, cozy sitting areas, a private speakeasy, and a screening room.
The expansive outdoor space includes a 4,500-square-foot guest house with additional living space and a full-size gym. The property also features a pool, spa, various lounging areas, gardens, an outdoor entertainment area with a barbecue and a fireplace, and a fully lit soccer pitch. The adjusted price aims to align with the Los Angeles real estate market while maintaining the estate’s status as a top-tier luxury property.
