According to Variety, fashion designer Eva Chow and “Mr. Chow” restaurateur Michael Chow’s jumbo mansion has lowered its listing price to $65 Million. The original prices for the home upon announcement of their desire to list, were: $78 million in October of 2018 and $69.9 million in 2019. The fact that the pandemic is responsible for a major slowdown in the market for luxury real estate is not helping their chances of selling at all. It was originally reported that the site the monolithic mansion is built on only cost Chow and her husband $3.5 million in 1991 and from there took 7 years to build.
The 30,000 square-foot site is located in Los Angeles’ Holmby Hills and hit the market on Tuesday. It is worth noting that as of a year ago, Eva Chow assumed full ownership of the estate following her divorce from Michael Chow back in 2017, PropertyShark reported.
The home is based on the Reina Sofia Museum in Madrid. It spans over an acre, the mansion boasts an abundance of wall space with “museum quality” rooms, featuring high-rise ceilings with plenty of space. The “museum quality” of the house overall is meant to serve as a “spectacular backdrop” to the private modern art and antiques collection owned by Chow. This particular news comes from the listing released by Tomer Fridman and Carl Gambino of Compass.
The mansion is made up of a 30-foot high entryway on the main house with Florentine carved ceilings and 400-year-old Moorish columns in addition to an Art-Deco library, noted in the listing as “the finest room in L.A. and a vast wine cellar. The house includes a guest house that features an outdoor ballroom with manicured grounds, an entertainment complex and an in-home cinema.
You can see some of the photos of the home down below:
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