The John Lautner-designed home known as the “Garcia House” wasn’t on the market long, but it also didn’t fetch the asking price the sellers had hoped for either.
Listed with an asking price of $16 million, the home just sold for $12.5 million. Dirt is reporting the buyer is Nick Pritzker—a marijuana entrepreneur, member of the Pritzker family and heir to the Hyatt Hotel fortune.
Built in 1962, one of L.A.’s most significant Midcentury homes has since been updated with a historic restoration by Marmol Radziner, including adding a pool using Lautner’s original design. The spaceship-esque home boasts three bedrooms and three baths across nearly 2,600 square feet of living space.
With a focus on preserving original details and functionality, the refreshed home boasts a number of timeless features including a lava rock entryway, original terrazzo flooring, signature parabolic roof, a 55-foot wall of windows, and 60-foot caissons elevating the structure above the canyon, showcasing breathtaking panoramic views of Los Angeles. A descent down the hillside steps brings you through the verdant garden, designed by landscape architect John Sharp, to the aforementioned pool.
Aaron Kirman and Weston Littlefield of Christie’s held the listing, while Nichole Shanfeld of Carolwood Estates repped the buyer.