A Bird Streets property once owned by Britney Spears and later Brittany Murphy is on the market for nearly $18 million in a bid to test a rebound of the tony Hollywood Hills neighborhood.
Beverly Hills-based Carolwood Estates’ David Parnes and James Harris of the Bond Street Partners team, along with San Jose brokerage Haylen Group’s Helen Chong and Susanna Leung, have the listing on 1895 Rising Glen Road.
It’s a winding drive through the hills to get to the estate sitting high above the Sunset Strip. The property received extensive renovations in 2016 and now looks nothing like its former self, when it was owned by the two celebrities.
Another $2.7 million was pumped into the home by the current seller, who Parnes declined to provide details on, with updates spanning the outdoor motor gate and front entrance steps, to bedroom built-ins and a new guest bedroom with a marble fireplace.
Property records show the home is owned by a Rhode Island-based trust.
Totaling 9,400 square feet, the three-floor home has five bedrooms and nine baths. It’s on a roughly 1.2-acre lot with a theater, separate wing for a fitness studio and massage room, elevator, floor-to-ceiling windows, wraparound terrace and two wet bars.
The property last traded in December 2020 for $12.2 million, according to listing sites.
Sales in the Bird Streets have moved in line with L.A.’s overall luxury home market. Interest rates, among other factors, hampered deals earlier in the year. Now, with more rate cuts expected, agents see some business coming back.
“Sentiment feels good right now and there’s momentum,” Parnes said on a recent weekday, while standing on the home’s balcony overlooking the city.
