|Falcon Lair |
The current owner says he has spent millions transforming the house since purchasing it in 1998. Renovations are still under way. From the outside, the house will look roughly the same as when Valentino had it built in the 1920s, highlighted by its Mediterranean stucco and red tile roof. But the interior is undergoing significant updating.
Whoever buys the home will have to complete the renovation. The plans for the house comprise 13,000 square feet of living space, including a main residence and three outdoor buildings, according to Christie's Great Estates, whose affiliate Hilton & Hyland of Beverly Hills has the listing.There will be a 1,400 square-foot master suite, four guest bedrooms and a media room, along with gardens, staff quarters and an infinity pool. The property, located in the hills above Benedict Canyon, offers sweeping views of the Los Angeles skyline. Valentino, the silent-screen film idol famous for his roles in The Sheik and The Four Horsemen of the Apocalypse, bought the five-acre Mediterranean-style estate in 1923 and spent hundreds of thousands of dollars remodeling it to his liking, installing wrought iron doors and antiques. "It was (Valentino's) pride and joy at the time," says Donna Hill, a film buff who runs