Now Half Off: Bob Hope’s Mid-Century Mansion in Hollywoodland

“Bob Hope partied here” makes a great selling point, but it hasn’t been enough to reel in a buyer for the entertainer’s celebrated home outside Los Angeles.

Hope’s nearly 15,000-square-foot mid-century modern mansion, where stars from Frank Sinatra to Bing Crosby hung out, has been on the market for more than three years. It’s taken a couple price cuts, and is now down 56 percent from its initial asking price of $27.5 million — to $12 million. That’s just a million shy of the price the Hopes’ estate in Palm Springs fetched this fall.

Walled and gated, the 5-acre estate includes a 2-bedroom guesthouse and staff quarters. It’s located near a golf course in Toluca Lake, which over the years has been home to Jennie Garth, Jennifer Love Hewitt and Miley Cyrus.

Walls of glass in the living room bring the outdoors in, with views of the gardens, a putting green and pool. Looking in from the outside, peeping neighbors back in the day might have seen Old Blue Eyes tossing back a whiskey and water with his buddy, Bob, by the stone fireplace or at the mirrored bar.

Hope and his wife, Dolores, designed their Hollywoodland home in 1939 and renovated it in the 1950s. Bob died in 2003 and Dolores in 2011.

The listing agent is Craig Strong of the John Aaroe Group.

Check out the surroundings:

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Photos by Erik Grammer & EGP Imaging.

Originally published July 20, 2015.

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