"The flats don't have the largest lots in Beverly Hills, but the house John is renting was described as a "nice, large one--close to 10,000 square feet--built three or four years ago in a traditional style." The Beverly Hills home has been called "a serious house." It has high ceilings, crown moldings, a tennis court, swimming pool and guest house."
"It's the late Rudy Vallee's Hollywood Hills home, which he occupied for 45 years before his death at age 85 a year ago this month. Built in the '30s for actress Ann Harding, the 20-acre mountaintop estate was first listed, with another firm, last October for $10 million. Now it's listed with Dolly Brown at Fred Sands Estates for $5.5 million!"
"Brown said the price was dropped so substantially mainly because Vallee's widow, Eleanor, "didn't get the response she wanted at $10 million, and she is a motivated seller." By "motivated," Brown said she meant that Vallee's widow is "more ready emotionally to give up the house now. She wants to go on with a new life.""
Elton John has leased a large traditional-style house in Beverly Hills' flats area for $25,000 per month. The approximately 10,000 square-foot residence, built three to four years ago, features high ceilings, crown moldings, a tennis court, swimming pool, and guest house. Separately, the late Rudy Vallee's 20-acre Hollywood Hills mountaintop estate, originally built in the 1930s for actress Ann Harding and occupied by Vallee for 45 years, experienced a significant price reduction. Initially listed at $10 million, the property is now priced at $5.5 million. The substantial decrease reflects the widow Eleanor Vallee's motivation to sell and move forward with her life following her husband's death.
Read at Los Angeles Times
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