Owlwood, once the home of movie mogul Joe Schenck, is up for sale again, as Taylor Boozan reports for Forbes. The Holmby Hills estate, described as ‘Los Angeles’ most coveted property’, comes with a price tag of $115 million. Owlwood was previously on the market in 2012 for $150 million (see here), and in 2018, it was reported that it was one of several Hollywood homes tied up in a Ponzi scheme.
It has become almost a cliché to link desirable properties to Marilyn, often with no factual basis – but Owlwood really was a part of her life, as while she may never have lived there, Marilyn often stayed in Schenck’s guest cottage, and later posed for photo shoots there with Milton Greene.
One can only imagine how this young starlet from a humble background (and with comparatively modest tastes) must have felt amid such opulent surroundings. After Schenck’s death in 1961, other famous occupants included Marilyn’s Some Like It Hot co-star, Tony Curtis, who sold it for $750,000 in 1974 to Sonny & Cher. And in 2017, rapper Jay-Z hosted a Grammy Awards after-party at Owlwood.
Mercer Vine, the brokerage firm whose listings included the Holmby Hills estate where Fox mogul Joe Schenck once lived, and Marilyn’s last home in Brentwood, has closed after its financier, Robert H. Shapiro, was recently implicated in a billion-dollar Ponzi scheme, as Peter Kiefer writes for the Hollywood Reporter. (Schenck befriended Marilyn in the late 1940s, and she sometimes stayed in his guest cottage. Milton Greene also photographed her in Schenck’s mansion, known today as Owlwood. The article gives no further details on Marilyn’s home at Fifth Helena Drive, which was sold for $7.25 million in 2017.)
“Two years. That’s all it took for luxury brokerage firm Mercer Vine to establish itself as a major player in L.A.’s cutthroat luxury real estate market. Eight-figure listings. Pedigreed listings like Marilyn Monroe’s former home in Brentwood.
Just months after it launched in 2016, Mercer Vine grabbed headlines for representing Shapiro in the $90 million purchase of the Owlwood Estate, a 12,200-square-foot property at 141 South Carolwood Drive, which once was owned by Tony Curtis and later by Sonny and Cher. At the time, it was the second priciest residential sale in L.A. history behind the Playboy Mansion. What was even more astounding was when Shapiro and Mercer Vine relisted Owlwood a mere nine months later for $180 million without having done a single lick of work on the estate.”
The former home of movie mogul Joe Schenck is rumoured to be up for sale – for $150 million, reports The Real Estalker. During the late 1940s, a young Marilyn often stayed in the guesthouse. (She always maintained that their friendship was platonic.)
“The sprawling Holmby Hills spread, set between Sunset Boulevard and the famously clannish Los Angeles Country Club, has over the years been owned by a long list of high profile people…
We can’t be sure the figures are accurate, but the Los Angeles County Tax Man show the house has 9 bedrooms and 12 bathrooms and a two-minute video made when Owlwood was for sale in the late 1990s and early 2000s states the multi-winged mansion encompasses 22 rooms including a baronial, 1,500 square foot living room with solid oak paneling and marble-faced fireplace…
Each of the three separate but adjacent parcels that make up Owlwood at one time had a substantial mansion on it. Two of them were torn down. The last mansion standing on the hoity-toity Holmby Hills homestead is a 12,000-plus square foot Italian Renaissance-style pile (vintage photo above) designed by accomplished architect Robert Farquhar and built in 1936 for Florence Quinn, the ex-wife of department store magnate and real estate mogul Arthur Letts Jr.
The property was later owned by hotelier Joseph Drown—he of the recently re-vamped Hotel Bel-Air—and Tinseltown mover and shaker Joseph Schenck—founder of 20th Century Fox.”