Hollywood Hills West contemporary that replaced smaller home for sale at $22.9 million

“Development opportunity,” “selling for land value” and “as is” are phrases used in real estate listings to describe tear-downs, those homes probably destined for the proverbial wrecking ball. Mansions with multimillion-dollar price tags, former homes of famous owners, and estates designed by renowned architects can fall into this category. Our occasional feature highlights tear-downs of note.

Socialite and model Nicky Hilton Rothschild used to call this Hollywood Hills West address home when she owned a 4,000-square-foot Traditional-style house on the site.

She parted with the property two years ago for $2.625 million and the house was torn down. In its place is a nearly 14,000-square-foot contemporary listed for sale at $22.9 million.

Set off the Sunset Strip on a third of an acre, the newly built house is entered through an oversized pivoting door. Inside, soaring ceilings, a floating-style staircase and walls of glass elements create visual interest. Top-end features include a 21-foot motorized wine rack that connects to the upstairs master wing and the dining room.

Living spaces include five bedrooms with individual balconies, walk-in closets and white oak hardwood flooring. The sleek master bathroom, one of a total of 10, opens to an outdoor shower on a balcony.

The roomy basement level includes a lounge, a gym/sauna, a theater and a bar with an underwater view of the water in the swimming pool. Steel and glass folding doors enclose the seven-car gallery/display space. There’s also a two-car garage.

Lawn, an infinity-edge swimming pool and a cabana complete the grounds.

Mauricio Umansky and Rouja Koleva of the Agency and Sally Forster Jones of John Aaroe Group are the listing agents.

lauren.beale@latimes.com

Twitter: @LATHotProperty

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