A property located two blocks from the famous Greystone Mansion has hit the market for $28.5 million, reports the Wall Street Journal. According to the Journal, the home is owned by Michael Niven, the great- grandson of Edward L. Doheny, the famous oil baron who also built the famous Greystone Mansion. But despite how the Journal spins the story, it looks like this listing is really about the land and the family name, rather than the house itself: A rep in listing agent Joyce Rey's office tells us this home was built in 1972 after the original home, built in 1939, burnt down. Nor did any significant architect build this home.
From the Journal: "[Niven] and his siblings own the property through their late mother's estate. Mr. Niven and his siblings, who include science-fiction writer Larry Niven, have decided to sell because they can no longer maintain the home. 'Every time I go up and look at it, it pulls the heart strings,' Michael Niven says." The four-bedroom, 7,000 square foot home sits near Greystone, which is now owned by the city of Beverly Hills.
Meanwhile, the listing talks less about the home, than the development potential around the residential: "Extraordinary opportunity to develop one of the most spectacular estates on sought after Doheny Rd. Flat and useable acreage, two separate parcels and beautiful vistas and mature landscaping. Quality existing one story residence with gated access on two streets."
· 619 DOHENY Road [Redfin]