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New To Market: Spanish on the Strip

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Uh oh. It looks like someone is getting screwed on this gated Spanish home right above Sunset Blvd. According to the listing for this two-bedroom, three-bath, the "rotunda entry leads to grand, formal living room." There's also a "sprawling" master suite, views of the city, a private cabana with a firepit, media room, pool, spa and outdoor gym. The house last sold in June 2008 for over $3.712 million. Now it's on the market for $2.499 million or $872 per square foot. That's still almost $200 more than neighborhood comps.
· 8343 West Sunset Los Angeles, CA 90069 [Redfin]