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THE OSCAR-WINNING SCREENWRITER FIRST LISTED THE PACIFIC PALISADES HOME IN 2011 FOR $14 MILLION

After several years on and off the market, the Los Angeles home of Oscar-winning screenwriter Robert Towne is selling for $9.65 million. It originally listed in 2011 for $14 million.

The sale of the Tudor-style estate is expected to close this week, according to real-estate agent Nick Segal of Partners Trust Real Estate Brokerage and Acquisitions, who listed the home several months ago for $10.5 million with colleague Rick Ojeda. The buyer’s identity wasn’t disclosed.

Located in the Pacific Palisades area on the city’s west side, the five-bedroom home was originally built in the 1920s. Measuring about 7,000 square feet, it has wood-beam ceilings, leaded glass pane French doors and a breakfast room. Upstairs, the master suite has a wrought-iron balcony.

A roughly 2,200-square-foot guesthouse has two bedrooms and an office, where Mr. Towne did much of his writing, Mr. Segal said. The grounds contain fruit trees, a rose garden and a 25-meter swimming pool.

Mr. Towne and his wife Luisa bought the house in the late 1980s, Mr. Segal said. He said they are selling because their daughter is grown and “they don’t need that much house anymore.” He added that the couple was “committed” to selling this time around. Mr. Towne wasn’t available for comment.

Mr. Towne is best known for the 1974 film “Chinatown,” for which he won an Academy Award for Best Original Screenplay. More recently, he wrote screenplays for two of the “Mission: Impossible” movies and was a consulting producer on the TV series “Mad Men.”

 

Via Wall Street Journal.

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