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Celeb Homes

Bob Hope's Legendary Luxe Estate in L.A. Still for Sale for $12M

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    Ginormous Bob Hope estate

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    Bob Hope's estate in Toluca Lake (©2015 Erik Grammer & EGP Imaging)

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    Formal living room with walls of windows

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    Stunning manicured grounds

Legendary comedian Bob Hope had serious real estate in his portfolio. After his death in 2003 and that of his wife, Dolores, in 2011, the legacy of his properties lives on. The couple's compound in Los Angeles can still be picked up for $12 million.

While no doubt a hefty sum, it's a fraction of its original asking price. It was initially listed in 2013 for $27.5 million and reduced to $23 million in early 2015. In late 2015, the price was slashed again to its current figure. Yet this prestigious piece of property sits on the market.

While the price has gone down, nothing has changed in the mansion. Features of the private, gated space on 2.6 acres in the exclusive Toluca Lake neighborhood include a 14,876-square-foot main home, a two-bedroom guesthouse and staff quarters, a one-hole golf course and putting green, manicured grounds, and a pool.

The expansive interior befits a star and includes a grand foyer, formal living room with walls of glass, billiard room, library, chef's kitchen, four bedroom suites, and "lavish master wing."

The iconic estate was built for the Hopes in 1939 by famed architect Robert Finkelhor and then redone in the 1950s. According to the listing, it's been "lovingly enhanced" over the years.

The home has hosted many a celebrity-filled soiree, as well as visits from neighbors Bing Crosby and Frank Sinatra.

History, Hollywood glamour, and a fancy address would seem to add up to a hot property. But this one has had a hard time finding a buyer. And it's got good company.

While off the market now, Bob Hope's luxurious Palm Springs, CA, estate also languished. The John Lautner -- designed residence, which resembles a futuristic spaceship, failed to connect with a buyer willing to drop $25 million on the iconic 23,000-square-foot structure.

But there's (ahem) hope: If the Playboy mansion could find a buyer with a price north of $100 million, including Hugh Hefner as its lifetime tenant, we're pretty sure this pretty piece of property will go, too.