×

Peter Morton Asks $15 Million for Trousdale Estates Mid-Century

Seller:
Peter Morton
Location:
Trousdale Estates, Beverly Hills, Calif.
Price:
$15.45 million
Size:
5,243 square feet, 4 bedrooms, 6 bathrooms

Avid real estate investor Peter Morton has slapped a $15.45 million pricetag on an investment property he owns in Beverly Hills. Tucked away near the uppermost reaches of the exclusive Trousdale Estates neighborhood, the spread is marketed as a “once in a lifetime view property” and includes a coveted — if rather uninspired — residential example of mid-century modern architecture.

Morton, the 71-year-old co-founder of the international Hard Rock hotel/cafe/casino chain, has owned the .46-acre estate for just 11 months and appears to have made few (if any) alterations to the existing house. That, however, has not deterred him from asking nearly $2 million over the $13.5 million paid to acquire the lot. Whether a buyer will meet him near that aggressive ask remains to be seen.

The gated estate was sold to Morton by Japan-based film producer Fuminori Hayashida, its owner of more than two decades. Though virtually unknown stateside, Hayashida nonetheless achieved unsolicited notoriety in summer 2010, when his 21-year-old son Katsutoshi “Tony” Takazato was brutally murdered in the front yard of this property, stabbed to death by an ex-girlfriend and her new lover.

Cold-blooded slaying notwithstanding, the Trousdale area is generally crime-free and near-silent, save for the occasional drone of leaf blowers and the ripped exhaust note of passing Ferraris and McLarens. A regular security patrol further enhances security in this celeb-favored neighborhood, currently home to Ellen DeGeneres, Vera Wang, David Spade, Cindy Crawford, and Jeffrey Katzenberg.

Originally built in 1964, the flat-roofed sprawler boasts a healthy 5,243 sq. ft. of living space. Yet current listing materials do not include a single image of those interiors, a clear signal the property is being heavily marketed as a teardown — or a so-called “development opportunity,” in proper realtor-speak. Far more valuable than the house itself are the stunning jetliner views of downtown LA, Century City and the Pacific Ocean afforded by the hillside location.

What the listing does include are renderings of a potential spec-mansion designed by architectural firm Space International. A similar newly imagined casa could potentially contain 16,000 sq. ft. of living space with walls of glass, a slickly mod kitchen and an infinity pool.

Morton’s main residence remains his longtime 13,000 sq. ft. mansion in prime Holmby Hills. He additionally maintains several other homes, including a $7.2 million abode in Trousdale Estates. From 2012 to 2014, he owned Elvis’s famed Casa Perfect house — also in Trousdale — which was recently purchased by his son Harry Morton for a whopping $25.5 million.

And like all good L.A.-based near-billionaires, Morton long maintained a Malibu vacation home. Located on the perilously pricey shores of Carbon Beach, the contemporary was custom-built for him by “starchitect” Richard Meier. Last April, the oceanfront property was sold to billionaires Michael & Iris Smith for a shocking $110 million, an amount that remains the most ever paid for a single-family residence in Southern California.

The Trousdale Estates house is listed by Branden & Rayni Williams of Hilton & Hyland.

More Dirt

  • Zayn Malik House

    Zayn Malik Reduces Price on Bel Air Home

    Former boy bander Zayn Malik, who would like to be known mononymously as just Zayn, has re-listed his secluded hideaway in L.A.’s posh Bel Air community with a reduced price of just under $3.2 million. The heavily tatted 26-yearold One Direction star, who released his 27-track sophomore solo album, “Icarus Falls” in December 2018, acquired [...]

  • Harry Styles House

    Harry Styles Takes Huge Hit on Sale of Sunset Strip Home

    Harry Styles was so ready to get rid of his sleekly appointed pied-à-terre above Los Angeles’s perennially chic Sunset Strip, he’s taken a huge loss on the property, selling the multi-level contemporary after more than two years on the market for $6 million. That’s a pearl-clutching $870,000 less than the English pop star paid three [...]

  • Ellen DeGeneres House

    Ellen DeGeneres and Portia de Rossi Slash Price on Hideaway Near Santa Barbara

    Ellen DeGeneres and Portia de Rossi have dramatically slashed the price of a photogenic vintage farmlette near Santa Barbara, Calif., to $7.95 million. The new price is a whopping $1 million dollars under the original $8.95 million ask, but still substantially more than $1 million above the $6.7 million the prolific high-end house flippers paid, [...]

  • Jesse Jo Stark House

    Jesse Jo Stark Pays $10.6 Million for Brad Falchuk's Brentwood Cottage

    When Brad Falchuk — the “American Horror Story” executive producer, “Glee” co-creator, and Gwyneth Paltrow’s new husband — put his celebrity-pedigreed Brentwood Park home on the market for exactly $10 million, property gossips went bananas and qualified buyers flocked to the relatively modest residence. The farmhouse-inspired house subsequently sold in just one month for a whopping [...]

  • Cedric Nicolas-Troyan Lists Sherman Oaks Home

    French Director Cedric Nicolas-Troyan Selling Sherman Oaks Home

    French filmmaker Cedric Nicolas-Troyan, an accomplished visual effects artist-turned-film director who made his directorial debut with the 2016 sequel “The Huntsman: Winter’s War” — a box office disappointment in an otherwise blockbuster franchise — has his mid-century-era home in the affluent foothills above L.A.’s Sherman Oaks up for sale at close to $1.75 million. Slated [...]

  • Randy Travis Selling Nashville Condo

    Randy Travis Says 'Amen' to Condo in Nashville

    Multiplatinum-selling country music mandarin Randy Travis, who rarely performs publicly after a 2013 illness and stroke, has sold a house-sized condominium in the upscale Belle Meade area of ​​Nashville for $545,000, just shy of its $550,000 asking price. The seven-time Grammy winner and 2016 inductee to the Country Music Hall of Fame acquired the top-floor [...]

  • Jho Low House

    Jho Low's Gutted Hollywood Hills Mansion Lists at $15 Million Loss

    Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for $39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own “trophy” modern mansions in the hills. Very soon, the [...]

More From Our Brands

Access exclusive content