TOLUCA LAKE, Calif.–(BUSINESS WIRE)–

The 5.21-acre Bob
and Dolores Hope estate in Toluca Lake is back on the market at $23
million listed with Craig Strong of John
Aaroe Group, known as Mr. Toluca Lake for his untiring involvement
in community activities and his insider’s knowledge of the area. He is
the top-selling agent in Toluca Lake and is based in Aaroe’s Toluca Lake
office.

The Hope estate at 10346 Moorpark Street was designed in an English
traditional style by architect Richard Finkelhor, who also built houses
for Barbara Stanwyck and Zeppo and Harpo Marx. The Hopes loved to
entertain and planned the home to accommodate large star-studded
gatherings as well as informal visits from neighbors like Bing Crosby
and Frank Sinatra. Toluca Lake has long been a favored home base for
stars, including current residents Steve Carell, Melissa McCarthy and
Kiefer Sutherland, notes Strong.

The centerpiece of the Hope Estate, built in 1939, is an almost
15,000-square-foot main residence with an immense formal living room
renovated in the 1950s by John Elgin Woolf, the king of Hollywood
Regency style. In the main residence, a soaring foyer leads to a vast
formal living room with walls of glass overlooking the breathtaking
grounds and a post and beam patio. The main house also includes a family
room, bar and billiard room, formal dining room, family dining room,
commercial grade chef’s kitchen, a library, office and staff quarters. A
curving staircase rises to the second floor, home to four family bedroom
suites and a lavish master wing with a fireplace, his-and-her spa baths
and closets, and a shared study.

In addition to the classic outdoor pool, a glass-enclosed indoor pool
and spa look out across the grounds. An array of outdoor spaces on both
levels afford stunning views of the sumptuous gardens and lawns,
highlighted by a formal rose garden and a one-hole, three-par golf
course. A spacious motor court completes the home.

Legacy trees border the walled and gated estate, making this an utterly
private retreat. The site encompasses four parcels, offering abundant
space for multiple structures including a two-bedroom, two-bath pool
house and a 4,000-square-foot production office/guest house at the front
of the property that housed Hope’s staff that managed his radio,
television, film and real estate interests.

The 5+ acres really makes this a rare property, says Strong, who has
lived in Toluca Lake for 14 years with his wife Tara, who is well known
for voiceovers on shows such as Fairly Odd Parents, Rugrats, Powerpuff
Girls and My Little Pony. There are only a handful of estates with this
size property in the most coveted neighborhoods of Los Angeles, he
comments. Furthermore, this site, in the heart of Toluca Lake, is mostly
flat unlike many larger properties in Beverly Hills, Brentwood and Bel
Air, he points out.

“This is an unparalleled opportunity to own one of the most iconic and
devotedly cared-for estates in Los Angeles, home to one of our most
beloved entertainers, and available for the first time in 75 years. It’s
a property that you really need to experience,” concludes Strong.

John Aaroe Group, a top luxury residential brokerage, recently sold the
highest priced home in the history of Beverly Hills for $70 million
to Swedish billionaire Markus Persson. It has achieved a 70 percent
compound annual growth rate in sales volume during the last five years
and is on target to report record sales of nearly $2 billion for 2014,
up from $1.3 billion in 2013. For more information, visit www.aaroe.com.

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