realtor.comby Erik Gunther
March 24, 2015
"Coming up with the necessary cash might be an issue if you’re not on the A-list, but Marisa Zanuck from Nest Seekers Zanuck in Beverly Hills told us the price accurately reflects the home’s size, location, and seclusion."
Whether you call it a compound or a mansion, the ultraprivate Los Angeles home recently listed by Tom Cruise is priced … right. At least that’s the opinion of a couple of area experts who believe the home’s privacy, beauty, and location make it a smart buy.
Listed for just a shade under $13 million, the 2.75-acre property in the Hollywood Hills is represented by listing broker Michael Eisenberg.
Coming up with the necessary cash might be an issue if you’re not on the A-list, butMarisa Zanuck from Nest Seekers Zanuck in Beverly Hills told us the price accurately reflects the home’s size, location, and seclusion.
She’s toured the home, loves it, and thinks it won’t last long on the market. “I’m actually showing it this week to a celebrity client,” she said. “I think [agent] Michael Eisenberg is going to sell it fairly quickly. There aren’t a lot of houses for this price that have this kind of privacy and are done.”
Set back from Mulholland Drive on its own knoll, the home has a long, private driveway that separates prying eyes from the home’s occupants. Zanuck said the isolated locale will appeal to celebs who specifically want to avoid the camera’s gaze when not on set.
“Someone who wants extreme, extreme privacy is going to buy this house. Nobody knows who’s coming or going. Nobody knows if anyone’s home,” she said. “That’s why people like those long, private driveways. Most other houses in the hills don’t have this type of privacy, this sort of frontage separating them from the street. A lot of them are set into the hill, they’re right on the street, and they may have a gate—but it’s easy to look in and see if someone’s home.”
Gary Gold of Hilton & Hyland echoed Zanuck’s opinion: “It’s for someone looking to be private. It’s away from paparazzi, away from attention. There are no tour buses that can see this place.”
Gold also touted the great views from this location, the relative serenity, and the home’s proximity to nature. But that quietude does come with a small cost (beyond the $13 million, of course). As he put it, “The home’s close to everything, and next to nothing.”
He told us you couldn’t roll out of bed and walk down the street for a cup of coffee (or adult beverage), which may diminish the home’s allure for buyers who are party people. But for folks who desire serenity, the compound might be a place they never want to leave.
Zanuck said the property’s spacious layout, which includes a three-bedroom main house and a four-bedroom guesthouse, was what attracted her the most. “It’s like a mini estate. The outdoor living area and the indoor-outdoor flow is like being at a European villa,” she said.
And despite its Euro-inspired feel, she believes it’ll be a local buyer who makes a move for the Cruise compound. Gold agreed and said this home is “more of a local buy.”
“A lot of people are coming to California and parking money here from outside of the country. But this specific house, this type of house, is either going to be a celebrity or a California-based businessman,” Zanuck said.
Zanuck was also impressed by the fact that a buyer wouldn’t have to do much more than bring a moving truck. The location and square footage factor in to the home’s price tag, she said, but also “people are paying a premium for homes that are done.”
Neither agent believes there’s any sort of celebrity premium built into the list price, but Gold wasn’t quite as gung-ho about the final number. He hemmed a bit and said the price is “not far off,” adding that it’s hard to get $13 million in the area. “If this home was in Bel Air, it would be priceless.”