Bob Hope’s Estate in Toluca Lake is Back on the Market Asking $29M

Billionaire Ron Burkle appears to be to have improved his mind about his ambitions designs for Bob Hope’s estate in Toluca Lake.

When the investor / architecture buff acquired the residence back in 2018, he was on the lookout to restore it and make 4 to 6 other properties on the sprawling 5-acre assets, Mansion Worldwide reported at the time.

And restore he did.

But he determined to depart the relaxation of the ideas in the palms of the estate’s potential entrepreneurs, listing the house for sale with a whopping $29 million inquiring price.

Burkle, who co-launched of the financial commitment agency Yucaipa and has a internet value of more than $2 billion, has extensive been snapping up legendary celebrity estates and architecturally unique households.

He’s also the operator of Michael Jackson’s Neverland Ranch, and previously owned Frank Lloyd Wright’s Ennis residence (produced well-known by its physical appearance in the 1982 Blade Runner film).

But the billionaire would seem to be significantly fond of Bob Hope’s previous abodes he also owns Hopes’ John Lautner-intended residence in Palm Springs — a futuristic, UFO-like composition that he purchased back in 2016. Two yrs afterwards, he extra the Bob Hope estate to his residence portfolio.

And given that he’s now seeking to offload it, this offers us the fantastic excuse to get rid of a several minutes marveling at the numerous deserves of this spectacular estate.

Bob Hope’s estate in Toluca Lake, a accurate legacy from the Golden Age of Hollywood

The legacy home, normally referred to as the jewel of Toluca Lake, is every single little bit as grand as you’d expect.

Bob and Delores Hope purchased the residence back again in 1939 and moved to Toluca Lake, then a common rustic suburb that attracted names like Greta Garbo, Frank Sinatra, and Bing Crosby.

During the a long time, they kept purchasing the neighboring heaps until finally the grounds of their estate spanned extra than 5 acres.

At the middle of it all stood an English regular-design home designed by architect Richard Finkelhor.

But presented Hope’s penchant for architecture, he commissioned John Elgin Woolf — identified as the father of the Hollywood Regency fashion — to redesign the structure.

A lot of of the architectural aspects additional by Woolf are still present today.

The estate has a complete of 10 bedrooms — 6 of which are located in the main property, in addition to the two staff bedrooms furthermore a two-bed room apartment — and 17 loos.

Inside of, heat wooden and stone accents abound, bathed in light-weight by the walls of glass that are present through the house’s prevalent dwelling parts.

The open living spot consists of a stone-clad hearth (one particular of 6 fireplaces in the dwelling) foremost to a huge eating place that provides sufficient area for evening meal parties.

The kitchen has been intensely modernized, and will come with a cozy breakfast nook.

The lucky long term proprietors will also get to appreciate Hope’s unique oak library — which has been meticulously preserved more than the many years.

But there are a great deal of other rooms the place you can wander in the footsteps of the house’s popular previous owner.

Dwelling spots and leisure rooms abound in the course of the residence, hinting at the star-studded parties and gatherings that took area right here back again in the working day.

Fitting for a home this size, there are fairly a handful of buildings on the grounds of the estate.

An ancillary construction has a tennis pavilion, industrial kitchen, security office environment, convention room, unique stroll-in fireproof risk-free.

There is also a two-bedroom condominium higher than the garage, along with personnel quarters in the courtyard off of the major property.

The natural way, the grounds of the home abound with outside facilities.

To identify just a couple: a saltwater pool, lounge places to relax with guests, a a single-gap golfing program intended by Hope himself with two tee positions, a tennis court, and a huge barbecue kitchen.

The legacy house, which served as dwelling to Delores and Bob Hope for most of their lives, has lately been shown for sale inquiring $29 million.

Kevin Dees with The Agency holds the listing.

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