“We officially decided to go on the market just under $50 million, based on recent comps that have sold,” Ms. Smith told Mansion Global. “We’re not looking to test the market, we’re selling this home at a realistic price.”
The price tag is $7 million less than the $56 million it was expected to be listed for, according to an April report.
The four-bedroom home was built in 1934 for two-time Academy Award winning actor Fredric March, famed for his roles in “Dr. Jekyll and Mr. Hyde,” (1931) and “The Best Years of Our Lives” (1946).