After years of changing hands, an enormous, never fully completed mansion familiar to Runyon Canyon hikers is back on the market. As The Real Deal reports, the infamous pink house has been listed for $15.9 million—this time as a teardown.
The house was recently in the news after the city of Los Angeles partnered with the Trust for Public Land to purchase 15 acres of the parcel that it sits on. That land, already used by hikers, has been added to Runyon Canyon Park.
Referred to as the "Wedding Cake” by neighbors, construction on the nearly 10,000-square-foot home began in the early 1990s. Sold to an Argentinian couple before its completion, the house lay dormant after their sudden divorce. Future owners became mired in legal disputes over money borrowed on the house and the mansion—now more than 20 years old—continued to sit unoccupied.
In 2014, the home’s current owner purchased the property for $7.35 million. The next year, Advanced Nutrients CEO Michael Straumietis rented the home. Known by some as “Marijuana Don,” Straumietis, whose company supplies marijuana growers, used the mansion as a venue for extravagant pot-themed parties.
Now, the house is evidently looking for a new owner to put it out of its misery. As the Real Deal notes, the parcel is primarily being marketed to spec developers with the funds to invest several million dollars into new construction before reselling at an even more gargantuan price.
Best of all, prospective buyers won’t even have to go through the trouble of figuring out what kind of house they’d like to build. The listing is filled with sleek renderings of a glassy mansion designed by architect Darren Cardona. The $15.9 million price tag covers plans for the new home as well as the existing residence, which now seems doomed never to have been occupied by anyone other than sleepy potheads and the occasional squatter.
- 2450 Solar Drive [Joe Babajian | Rodeo Realty, Aaron Kirman | John Aaroe Group]
- Infamous ghost manse near Runyon Canyon listed as $15.9M teardown [The Real Deal]
- Runyon Canyon Park is now 15 acres larger [Curbed LA]
- Runyon Canyon's Infamous Pink Mansion Has Become an Elaborate Marijuana Party Pad [Curbed LA]
- What's Next for Famous Runyon Canyon Pink House? [Curbed LA]