Best Property In LA

Wolf's Lair Estate in the Hollywood Hills.
Asking price: $4.695M
Says LA Vintage Homes:
Hollywoodland Home is Architectural Royalty Wolf's Lair, 2869 Durand Drive, Hollywood Hills In 1927, art director L. Milton Wolf created a magnificent fantasy replica of a Norman castle in the verdant woodlands of Beachwood Canyon. As one of the original homes in the Hollywoodland development, the castle was iconic from its creation, and has since become as legendary as the celebrities who have lived there.
To travel through the imposing gates at Durand Drive is to travel back in time to the days of Fitzgerald and the heyday of movie land grandeur.
The driveway sweeps upward to the crown of a three-acre mountaintop promontory with spectacular glistening views over the city, Lake Hollywood, Griffith Park Observatory and beyond to the Pacific. Upon entering the estate grounds, manicured Italianate gardens punctuated with roses and fountains lead visitors to the main castle entrance.
Once inside, the fairytale manor's interior features exquisite details: hand painted coffered ceilings, linenfold paneling, carved beams, curving staircases, and a delightful flow of space perfect for a gala gathering or a zen-like private retreat. The home boasts five bedrooms, a library, three baths, a two-bedroom guesthouse, staff quarters and a separate pool house with pool pavilion and a private office. Just beyond the dining room is the pool terrace, where a waterfall cascades down a romantic rocky grotto and empties into a black-bottomed heart-shaped pool. Cross the pool?s short bridge to a two-story pool house or ascend a narrow stone staircase that meanders to the top of the hill, where a helipad-sized lawn presents spectacular 360-degree views.
A footpath off this lawn leads down to a deer pond with a sitting area to watch wildlife. The turreted carriage house at the front of the property is lauded for both the two-bedroom guesthouse designed by renowned architect John Lautner, and the kitschy tiki lounge below.
In marked contrast to the chateau's fanciful details, the guesthouse exhibits the stylish proportions and sophistication of the 1930's modernists. The guest house living room showcases walls of honey-colored wood opposite walls of glass that afford a stunning view to downtown and beyond. The guest house also possesses a private garden with fountain, and an observation deck above. Adjacent to the guesthouse patio is a small tunnel with staircase that leads down to the "secret" apartment below.
Still sporting its original South Seas decor of the 1920's, it includes a bamboo piano and a couch that turns into a bed at the touch of a button. Wolf's Lair is an extremely private estate, walled and gated with TV surveillance, large motor court with five-car covered parking, extensive grounds, ridgeline nature preserve, paths, promenades, fish ponds, fountains, waterfall, folly, gardens and walking paths all around. This masterful showpiece property, historic landmark and local treasure exhibits the unsurpassed craftsmanship of a bygone era.

For all that the price seems fair!!