Elizabeth Taylor's Former Beverly Hills Home Gets a $4M Price Cut

Elizabeth Taylor’s former estate in Beverly Hills is ready for its close-up, this time with a price cut. Originally on the market for $16 million, the home has returned at $12 million, the Los Angeles Times reported. “It’s a wonderful buy,” says listing agent Joyce Rey.

Rey also pointed out the home's privacy and beautiful ocean views as stand-outs, but the feature that is hardest to find is the property's size. “You can’t find many 2-acre lots with a flat pad,” she says.

Before it came on the market last year, the home hadn’t been available for two decades. The current owners added a guest apartment and updated the decor when they moved in.

The extremely private, one-level property is built around a courtyard, and features city and ocean views. The serene space includes a gated entry, mature landscaping, pool, spa, and gardens.

The living room includes a fireplace, a beamed ceiling, and a wall of windows and doors that open out to the patio, gardens, and pool. The kitchen includes an entertainer’s island and prep area and opens to a side patio.

Other perks include an office with a fireplace and built-ins, and a spacious master suite with an octagonal coffered ceiling, a fireplace, and a sitting area with access to the outdoors.

Rumor has it that Taylor and her husband at the time, Michael Wilding, decided to buy the home after scaling a fence on the property to get a better view.

The couple purchased the home in 1954, and raised their two boys there, until their divorce in 1957.

One feature of the home, which apparently Taylor enjoyed but that no longer exists, was a moving wall between the bedroom and living room, “so she could make a grand entrance at her own parties,” says Rey. Taylor, who died in 2011, was a Hollywood legend. The Oscar-winning actress is known for “Butterfield 8,” “Cat on a Hot Tin Roof,” and “Who’s Afraid of Virginia Woolf?”

Ref: Property Report