A traditional-style home in the Pacific Palisades neighborhood of Los Angeles, California, owned by entertainment industry executive Marlin Prager, is coming onto the market for $29.995 million Tuesday, Mansion Global has learned.
The home sits on 0.78 acres of land on the clifftop with unobstructed ocean views from Palos Verdes to Malibu. It offers 6,673 square feet of living space, including six bedrooms, six and a half bathrooms, formal living and dining rooms and a chef’s kitchen, according to Zac Mostame and Santiago Arana of The Agency, who are handling the listing.
Other amenities include a theater, a gym, a pool with a spa, an outdoor kitchen with a firepit and pizza oven, and covered and uncovered patios, according to the listing duo.
“The most valuable feature about this property is its location,” Mr. Arana said.
It occupies one of the only 12 lots on the cliffside street of the prestigious, gated community of Huntington Palisades, and is close to a private airport and Los Angeles International Airport, he said.
The home is also within walking distance of recreational parks, as well as shops, restaurants and other lifestyle amenities, Mr. Arana said.
Mr. Prager, 49, CFO and COO of OpenDrives, a global data storage provider and formerly CFO of Legendary Entertainment, a film production and mass media company, bought the property in 2014 for under $12.4 million via a limited liability company, property records show.
Mr. Prager remodeled all the rooms and added the pool, which features an intricate light system and a glass cover “that can be used as a dance floor,” Mr. Arana said.
Mr. Prager, who could not be immediately reached for comment, is selling the property because he is relocating, according to the agents.
Article Source: Mansion Global
