As LA Luxury Market Heats Back Up, Ed McMahon’s Former Homes List

A pair of Los Angeles homes once owned by famed “Tonight Show” announcer Ed McMahon have hit the market within days of each other, coming at a moment of increased optimism among luxury sellers.

McMahon’s 1930s-era Tudor-style mansion in Bel Air is asking $10.5 million, according to the Los Angeles Times. Last week, the late TV star’s Beverly Hills home listed for $6.8 million.

It’s the second time on the market for the Bel Air mansion in two years — it listed for $12.5 million in 2018, but never sold. The 6,741-square-foot property sits on a half-acre parcel with a front motor court, swimming pool, and a large patio area. The home is three stories with six bedrooms and nine bathrooms.

The property last sold in 2004 for $2.7 million. Rabi Aboulhosn with Keller Williams Beverly Hills has the listing.

While the coronavirus pandemic and subsequent lockdowns in the L.A. area have made it difficult to move properties, it hasn’t deterred all buyers and sellers. And in recent weeks, there has been a rising level of confidence, with the relaxing of in-person showings. Last week, a 41,000-square-foot spec mansion in Bel Air returned to the market, asking $100 million; and the week before that, a Tadao Ando-designed, 4,000-square-foot Malibu home on the ocean relisted for $75 million.

Basketball star Chris Paul also bought a home in Encino for $11 million this week. Kylie Jenner scooped up a property in Hidden Hills and a spec mansion in Holmby Hills in recent weeks.

McMahon faced some financial issues late in his life before he died in 2009, and nearly lost a Beverly Hills Post Office home to foreclosure. He owned several properties around L.A. during his lifetime.

Another one of his former homes, a half-acre property in Hermosa Beach, went on the market in 2017 for $22.5 million. [LAT] — Dennis Lynch

Article provided by: The Real Deal