After hitting the market nearly a year ago for $9.95 million, and undergoing numerous pricechops, that 1927 home in Beverly Crest with a Luis Barragán-designed fountain is off the market. "We leased it," says Coldwell Banker agent Steve Frankel. "We just got a wonderful offer so it's leased for the next year." Asked whether the fountain was a possible deterrent to a sale since there's no room for a yard, Frankel acknowledged the house wasn't for everyone. "Vanilla sells 100 times over something specific. Most people do want a lawn, so this house doesn't have mass appeal. But it has architectural appeal so it's a very specific buyer."
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Luis Barragán Fountain House: Leased!
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