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This might be the "it" bag of real estate. Luxury leather goods businessman Michel Perrin has put his tres chic Beverly Hills, CA, home on the market for $6.75 million.

Perhaps his Los Angeles fling is over and he's ready to return to the Continent. Perrin, who heads the family-run accessories empire Perrin Paris, moved from France to the City of Angels with his wife, Sally Perrin, and two daughters.

The CEO has been busy while stateside. In 2009, Perrin Paris opened boutiques in Beverly Hills and New York City. The brand also expanded from just gloves to arm candy, including exquisite handbags and small clutches.

The French transplant embraced the California-modern lifestyle. Built in 1950, the five-bedroom home is a time capsule of the era -- and the interiors show off the couple's beau taste.

Designed by legendary architect Victor Gruen, the shopping mall pioneer, the property is a "showcase example of the era," according to the listing description.

Walls of glass fill the home with natural light and look out to a lush garden and pool. The property includes a guesthouse and a front sculpture courtyard.

The design is further enhanced by the decor courtesy of interior guru Chahan Minassian, who was inspired by the cult 1968 Peter Sellers film "The Party," according to Harper's Bazaar.

If you have the bank account to bag this home, you might be inspired to hold your own soirees. For $6.75 million, this Beverly Hills bungalow could be yours. Fabulous handbag not included.