Report: Walt Disney’s Legendary Carolwood Estate Sells for $74M

Source: The Agency

Source: The Agency

The Carolwood estate in L.A.’s coveted Holmby Hills neighborhood has sold for $74 million, the Wall Street Journal reports. The home, once owned by Walt Disney, never hit the MLS. As an exclusive, off-market listing held by The Agency, the property was first advertised for $90 million in October 2012.

It marks the fourth most expensive home sale in the U.S. so far this year. The leader of the pack is a reported Hamptons home bought by hedge fund manager Barry Rosenstein for $147 million in May. The Copper Beech estate in Greenwich, CT was a close second for $120 million and L.A.’s Fleur de Lys estate also made headlines for a $102 million sale before being rented out for $400,000 a month.

Carolwood is one of those properties that you quickly hear about in the luxury real estate market. Measuring 35,000 square feet, the home has 8 bedrooms and — this is not a typo — 17 bathrooms. If the two-story oval foyer is any indication of the home’s extravagance, it boasts plaster-veneered walls, crown molding and statuary and verde jade marble flooring, according to The Agency’s listing description.

As pictured above, the home also features a spectacular swimming pool as well as a tennis court, putting green, custom movie room, gym and two safe rooms on a sprawling 4 acres.

Even for celebrity-central Beverly Hills, where the median home value is currently $2.564 million, the home was pricey — even at $16 million less than the asking price.

The name of the buyer hasn’t yet been disclosed, though people familiar with the deal say they are not from the U.S., according to the Journal. The seller was investor Gabriel Brener, who co-owns the Houston Dynamo soccer club.

When Walt Disney lived here, he reportedly had a miniature steam train in a barn on the estate that led to his plans for Disneyland. After Disney and his wife, Lilly, passed away, the Walt Disney Foundation took possession of the property before selling it to Brener.

Related:

Catherine Sherman, a real estate writer for Zillow Blog, covers real estate news, industry trends and home design. Read more of her work here.