The Record: Once Home to Sonny & Cher, the Legendary Owlwood Estate Sells For $90M
Owlwood, the extraordinary Holmby Hills estate, closed last week for $90M, making it one of the highest prices ever paid in Los Angeles. Previously owned by 20th Century Fox founder Joseph Shenk, Tony Curtis and Mr. and Mrs. Sonny Bono (among others) over its eight decades, the home has long been legendary for both its luxury and the parties the took place here.
Quietly shopped around for the past few years for $150M on behalf of the widow of businessman Roland Arnall, the founder of Ameriquest Mortgage, Owlwood was purchased by Bob Shapiro of Strummer Pippin Investments and Woodbridge Properties, a developer of trophy homes and estates.
"The Owlwood Estate has been the unchallenged symbol of uber-luxury since being built during the Great Depression, and we will keep it that way for another 80 years," Shapiro said. "We fully intend to honor this property's legendary past by ensuring it remains the absolute definition of luxury living for wealthy buyers from around the world." Adam Rosenfeld of Mercer Vine, the innovative real estate firm, represented the buyer.
The Tuscan Style home, originally built for Frances Letts Quinn in the 1930s by architect Robert Farquhar, has nine bedrooms and a dozen baths, but two of its notable spaces are Farquhar's original paneled stair hall and living room– notable for their exceptional workmanship and the parties they’ve silently witnessed.