Ron Burkle bought Bob Hope’s LA estate for $15m, restored it and sold for $26m
Ron Burkle's acquisition of Bob Hope's Toluca Lake estate in 2018 for $15 million paved the way for an impressive resale at $26 million. This sale not only reflects the enduring allure of historic properties but also highlights the robust market for celebrity homes. With a rich history spanning over six decades, the residence displays several original features crucial to Hope's legacy and…
A historic Hollywood estate owned by the late Bob Hope sold for $26 million after being purchased by American businessman Ron Burkle for $15 million in 2018. Burkle restored the 5-acre compound in Toluca Lake, preserving its French Revival architecture and original features such as the oak-panelled library and custom outdoor elements.
The property, originally built in 1939 and redesigned in the 1950s, had been at risk of subdivision and demolition prior to Burkle's acquisition. The restoration maintained key historic components while updating the infrastructure to accommodate high-society entertaining. The sale of the fully restored estate in March 2023 marked a significant profit for Burkle and demonstrated the ongoing demand for restored mid-century celebrity compounds in Southern California.
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