Just as soon as we heard word that entertainment industry mandarin Freddy DeMann and his vibrant wife Candy floated their carefully restored John Elgin Woolf-designed residence in a particularly plum pocket of Beverly Hills as a whisper listing with a $14 million price tag, we rang up Helen A. Hightower, one of the more historically minded real estate obsessives we know in Los Angeles, who told us the house was originally built in 1959 for a lady named Eleanor Parker, who sold it in 1967 to none other than Mister Woolf.Woolf gave it a bit of a gussy up, and lived there with his partner, Robert Koch Woolf until the mid 1970s. The property eventually fell into a state of benign neglect before it was acquired by the DeManns in an off-market transaction in July 2013. The couple quickly embarked on a soup-to-nuts restoration and update spearheaded by designer Nancy Whaley that, architectural preservationists will note, respectfully retains a slew of Woolf’s signature elements such as a mansard roof, extra-tall double-door entry and a seriously soigne semicircular loggia that overlooks a postcard-perfect oval swimming pool.

The three-bedroom and 4.5-bathroom, city-view residence comes in at a sliver under 4,100 square feet, according to the L.A. County tax man, and in addition to a roomy and decadently decorated living room with floor-to-ceiling windows and a petite salon with wood-burning fireplace, there’s a formal dining room with shimmery silver-leafed ceiling and a large library with second fireplace. The eat-in kitchen is lavishly fitted with thick, slab marble countertops on lacquered, dove gray Shaker-style cabinetry, while the master suite opens to a private garden, and is replete with sun-flooded bathroom and bedroom-sized walk-in closet and dressing room with floor-to-ceiling windows.
Mister DeMann — a renowned film and theater producer, veteran music executive and the co-founder of Maverick Records, who once upon a time managed Madonna and Michael Jackson — is certainly no stranger to this nosy property gossip. Over the summer of 2013, he and the missus, who maintain a two-bedroom pied-a-terre in Midtown Manhattan according to property records, sold a stunningly rehabbed estate in BevHills for $18 million to — so we were told at the time — Texas-based billionaire H. Ross Perot Jr.

The property is represented by Drew Fenton at Hilton & Hyland