Robert Taylor Ranch, Estate of the Day
I thought we were done talking about this one. After all I've been following the potential sale of the the Robert Taylor Ranch in the Brentwood area of Los Angeles since 2005. The ranch, which was built in 1956, is a prime chunk of land with 122 acres of trees and equestrian trails. The large 34-room main house designed by Robert Byrd has Western appeal and includes a study, master bedroom with dual baths and a spa room. The home's vintage appeal includes a wine cellar, bar, screening room, game room and more. There are four guest houses for a total of 17 bedrooms on the estate. The grounds include a pool, tennis court, and stables. We've seen it listed at a variety of prices, $35 million, then $40 million and up to $50 million in 2005. Then in 2007 we heard that it would be auctioned off following several notices of default in 2006. The ranch never sold and now it's back on the market with its highest price yet, $65 million. It can be divided into four large lots (in addition to the 11-acre lot where the ranch is located) but will that be enough to tempt a buyer in this market?
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