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This gated estate in Los Angeles counts Hollywood stars Cher and Eddie Murphy among its previous occupants.

This gated estate in Los Angeles counts Hollywood stars Cher and Eddie Murphy among its previous occupants.


Photo:

Matt Momberger

By

Katherine Clarke

Jan. 18, 2018 10:26 a.m. ET


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A Los Angeles estate that counts Hollywood stars

Cher

and

Eddie Murphy

among its previous occupants lowered its asking price nearly 19% to $69 million from $85 million.

The gated estate in the Beverly Hills Post Office area first came on the market in June 2016 but hasn’t yet found a buyer, according to listing agent

Aaron Kirman

of John Aaroe Group. “We’ve come really close to finding a buyer. We’ve had multiple offers from foreign buyers, but none of them came through,” Mr. Kirman said. “We’re really ready to sell, and we think this is a good price.”

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The 13.4-acre estate comprises a partially renovated, 20,000-square-foot main house with 11 bedrooms and 17 bathrooms, as well as a four-bedroom Moroccan-themed guesthouse, an equestrian facility with two riding rings, a swimming pool and a tennis court. Cher’s bed still resides in the guesthouse, Mr. Kirman said.

The pop star owned the home in the 1980s, and sold it to comedian Mr. Murphy in 1988, property records show. The current owner is

Vicki Walters,

wife of late real-estate developer

Raul Walters,

Mr. Kirman said.

The Walterses bought several surrounding parcels to include hiking and riding trails, Mr. Kirman said. Following Mr. Walters’s death in 2009, Mrs. Walters decided not to complete construction of the main house, he said. She wasn’t available for comment.

Write to Katherine Clarke at katherine.clarke@wsj.com