Zillow’s Spencer Rascoff Buys Second Brentwood Park Estate

Spencer Rascoff House Brentwood
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  • Location: Brentwood, Los Angeles, Calif.
  • Price: $5.7 million
  • Size: 3,241 square feet, 3 bedrooms, 3.5 bathrooms

Apparently Zillow co-founder and former CEO Spencer Rascoff likes L.A.’s Brentwood neighborhood. Four years after settling into his $20 million Brentwood Park mansion, the tech guru has expanded his holdings, buying another house just one block away. Records reveal the 45-year-old Harvard alum wanted the second place quite badly — he paid $5.7 million, or over a million dollars more than the home’s current Zillow Zestimate.

Set on a petite quarter-acre lot, with a house that’s significantly smaller than his towering main residence, it’s likely this purchase was made for Rascoff’s extended family. Listing materials accurately describe the idiosyncratic stone-covered house as being “reminiscent of a Sun Valley lodge,” and the lodge theme continues inside — where there are vaulted, wood-beamed ceilings with interspersed skylights.

The single-story structure was built in the 1950s and offers three bedrooms and 3.5 baths in about 3,200 square feet of living space. While the place has good bones — there are hardwood floors and multiple sets of French doors, not to mention pricey upgrades like a glass-fronted SubZero refrigerator — the copious subway tiles and dated fixtures make it clear this place is in need of decorative rehab.

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But the star of the real estate show is undeniably the property’s painstakingly manicured grounds, which are essentially a Thomas Kinkade painting brought to life. The lush gardens include grassy lawns, bright bunches of bougainvilla plants, and a spray of well-fed white roses, while mature olive trees shade their more height-challenged flora friends. From the street, a whimsical wooden gate leads to a wooden bridge that ends just before the custom-carved front doors. Out back, there’s sparkling lagoon-style pool.

Rascoff, previously based in Seattle but now living in L.A., founded Hotwire.com before co-founding Zillow, serving as CEO of the latter from 2010 until 2019. The $25 billion tech company now sports more than 5,000 employees worldwide, while Rascoff has moved on to dot.la, a news organization he founded, and a blank-check company (SPAC) through which he plans to invest in a tech unicorn and take it public.

Mary Lu Tuthill of Coldwell Banker held the listing; Josh and Matt Altman of the Altman Brothers team at Douglas Elliman repped Rascoff.