TV Exec Fred Silverman Takes $17.5M for L.A. Compound Once Listed at Nearly Double That

Published: March 9, 2017 | By: American Luxury Staff

Fred Silverman’s L.A. estate has sold. The multi-residence property closed at $17.765 million; it had been initially listed, in 2015, at $30 million. The Mandeville Canyon retreat had come down in price to $22.5 million prior to the sale. Silverman purchased the property in two transactions in the early nineties, for a total of about $3.2 million.

The property sprawls over nearly three acres, and contains a substantial guest house, and a pool house, apart from the main residence. The guest house and main residence are strategically located on opposite ends of the property.

The main residence measures 8,000 square feet, and contains five bedrooms and eight full or partial baths. It looks to be more or less a two-floor California ranch. Ceilings are sculpted or open trussed, floors are tile or hardwood, and lighting runs the gamut from traditional-styled chandeliers to modern recessed and track. Stucco fireplace mantles and a bit of wrought iron hint at Southern Cal Spanish influence, and the country-fried interior design bears all the earmarks of early 1970’s sensibilities. Tones are muted warm, and there is a fair amount of modernist whitewash. The composition is a little convoluted.

The guest house is generously proportioned at 3,500 square feet; it contains four bedrooms and four baths. It’s a little more conservative overall, but the mid-toned hardwood, neoclassical fireplace mantle, simple ceiling designs, brick, and covered porch are comfortable and appealing. It’s bright, airy and open, and its French doors open to the lawns and terraces of the property. The pool house contains a bathroom and changing room, and a kitchen for outdoor dining.

The property features a tennis court, freeform pool, hedge-lined paths, koi pond, and floral gardens.

2691 March 9, 2017 Real Estate March 9, 2017