In Los Angeles, a European-Inspired Estate With Two Houses Asks $42 Million
Handbag designer Tyler Ellis is listing a newly renovated Los Angeles estate with two houses for $42 million.
Ms. Ellis purchased the roughly 0.6-acre Brentwood Park property through a trust for $12.375 million in 2016, property records show. The designer and her husband, investor Benjamin Shriner, tapped the home’s original architect, William Hefner, and design firm the Archers to reimagine and renovate an existing house built around 2005 and add a second structure, according to marketing materials.
The roughly 6,000-square-foot main residence and the newly built entertainment house overlook a garden, pool and bocce court, according to listing agents Aaron Kirman and Morgan Trent of AKG | Christie’s International Real Estate.
Ms. Ellis said in an email that after purchasing the home, she and her husband saw “incredible potential” to enhance it further. The couple added about 1,000 square feet to the main house, which has four bedrooms. In the primary suite, they created his-and-hers closets and baths and a “cozy” den, she said. There is also a chef’s kitchen with a La Cornue range and an office with floor-to-ceiling glass French doors.
Ms. Ellis said the couple built the home for their family, including their young son and dogs, and intentionally separated the main house to keep it a “discrete family sanctuary” while using the other house for entertaining.
The entertainment house is about 5,000 square feet with two bedrooms and a covered terrace, Ms. Ellis said. A hidden button opens a door to a marble staircase that leads to a lower level speakeasy, home theater and a roughly 6,500-bottle limestone wine cellar, according to the listing agents. “As a designer, it’s all about the details,” Ms. Ellis said.
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She said she and Mr. Shriner are selling because they are “actively looking for our next project to develop.”
Ms. Ellis is a handbag designer who founded an eponymous line in 2011. She is the daughter of the late fashion designer Perry Ellis and TV writer and executive Barbara Gallagher.
Mr. Kirman said luxury homes are trading in Brentwood Park, though there is very limited inventory because sellers are holding on to properties. “When we see a trophy house like this, we know there’s innate value because inventory is so few and far between,” he said.