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

Peter Morton
Trousdale Estates, Beverly Hills, Calif.
$15.45 million
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.

Popular on Variety

More Dirt

  • Cheryl Tiegs House

    Cheryl Tiegs Lists Balinese Bel Air Estate

    For at least a third time in six years, Cheryl Tiegs has set her longtime home in a mega-posh pocket of L.A.’s hyper-tony Bel Air area out for sale on the open market, this time at $18.5 million. In 2013 she gave it an unsuccessful go at $12 million and then again in 2015 at [...]

  • Topher Grace House

    Topher Grace Snags La Cañada Flintridge Cape Cod

    Though they’ve yet to sell their mid-century home in Studio City’s celeb-approved Fryman Canyon area, Topher Grace and Ashley have nonetheless plunked down nearly $3 million for a dormer-roofed 1940s Cape Cod-style home in the leafy, little lauded suburban community of La Cañada Flintridge, about 15 miles north of downtown Los Angeles. Set on almost [...]

  • Saoirse Ronan House

    ‘Lady Bird’ Star Saoirse Ronan Lists Coastal Nest Near Dublin

    A kind lad from across the pond was thoughtful enough to pass along word that Bronx-born and Ireland-raised “Lady Bird” star Saoirse Ronan has put her Edwardian retreat about 20 miles outside of Dublin, Ireland, in the coastal resort community of Greystones, up for sale on the open market at €1.5 million, an amount that [...]

  • Whitney Cummings House

    Whitney Cummings Quickly Lands Buyer for Former Studio City Home

    Within two weeks of stand-up comedian, TV writer and veteran roaster Whitney Cummings hanging a $2 million price tag on her former home in Studio City, Calif., the extensively updated and privately situated 1960s California ranch has been lickety-split put into escrow to be sold for an unknown amount to an unknown buyer. Cummings paid [...]

  • Kanye West House

    Kanye West’s Former East Coast Outpost Back for Sale

    The longtime former New York City bachelor pad pied-à-terre of rapper turned fashion designer and pop culture provocateur Kanye West has popped up for sale with an asking price of $4.7 million. West acquired the two fourth floor units that comprise the house-sized Soho condo more than a dozen years ago in two transactions that [...]

  • Anastasia Soare House Beverly Hills

    Cosmetics Billionaire Buys $19.5 Million Beverly Park Mansion

    Beverly Park, the star-studded gated community of megamansions tucked high into the mountains above Beverly Hills, has a new billionaire resident: Anastasia Soare, the Romanian-born beauty guru who immigrated to the U.S. as an adult, founded her own Beverly Hills salon in the 1990s, and grew the little business into what is now Anastasia Beverly [...]

  • Kendrick Lamar House Manhattan Beach

    Kendrick Lamar Drops Nearly $10 Million on Manhattan Beach Mansion

    When he’s not performing to packed arenas worldwide — the international “Damn” tour wrapped up last year with over $62 million in gross receipts — Kendrick Lamar has long resided in L.A.’s South Bay region, specifically in the posh seaside city of Manhattan Beach. And after a reported long spell as an area home renter, [...]

More From Our Brands

Access exclusive content