Beverly Hills horse heaven: 10.2 acres for $US34.5m

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A 1,0.2-acre slice of Beverly Hills zoned for the keeping of horses is on the market for $US34.5m. Photo: Michael McNamara
A 10.2-acre slice of Beverly Hills zoned for the keeping of horses is on the market for $US34.5m. Photo: Michael McNamara

Want to keep your horses in Beverly Hills with a 90210 postal address?

A 10.2 acre property zoned for equestrian use is on the market in the exclusive Los Angeles suburb, with a $US34.5 million price tag.

The property is being sold by 54-year-old Bo Zarnegin, who co-developed the Peninsula Beverly Hills Hotel.

The property in Gloaming Drive, off Coldwater Canyon Road, has a 6377-square-foot Monterey Colonial six-bedroom home, built in 1939. It has five full bathrooms, hardwood floors and vaulted ceilings.

The dining room is said to have been designed by White House decorator Michael S. Smith.

The property has stabling, a two-bedroom guesthouse, and a two-bedroom staff house.

Other features include a pool, private patios and walking trails.

Zarnegin bought the property in 2005 for $US8.825 million, records show.

Listing agent Aaron Kirman, of the John Aaroe Group, told local media that Zarnegin spent about $US5 million in renovating the structures and landscaping.

“This estate offers unparalleled views, along with the charm of an original Beverly Hills home,” said Kirman, who
specializes in exclusive properties from Beverly Hills to Malibu.

“It also comes with some amazing Hollywood history in a peaceful hilltop setting — it’s one of the few remaining large sites in the exclusive 90210 area.

“It’s ideal for a family seeking a classic Southern California experience, or for a developer interested in a prestigious location with spacious grounds, exceptional views, and privacy to build the ultimate estate compound.”

Records show the property went on the market in 2010 for $US48.9 million, rising to $US54.95 million. It came off the market in May last year, but is now for sale at $US34.5m.

The estate offers rare vistas from the Santa Monica Mountains to Beverly Park, Century City, the San Fernando Valley and Catalina Island — a commanding view that stretches from Beverly Hills to the Pacific Ocean.

It is among the few estates in Beverly Hills zoned for horses. The surrounding acres include a vegetable garden, extensive walking trails and private patios and sitting areas.

The property was once owned by Dawn Steel,  the first woman to head a major Hollywood studio.

Steel became studio chief at Columbia Pictures in 1987. During her tenure at Columbia, the studio produced several notable films including Awakenings, Flatliners and Casualties of War.

Steel also became known in the movie industry for developing several hit films at Paramount Pictures, including Flashdance, Footloose, Top Gun, The Untouchables, The Accused, and Fatal Attraction

During her career, Steel paved the way for other women to ascend to powerful positions in Hollywood. She died in 1997, aged 51.

Online information about the property can be at www.aaronkirman.com or www.9501GloamingDrive.com.

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