The 6,500‑square‑foot colonial‑revival estate, long a silent icon of 1990s pop culture, has again entered the market after a lukewarm reception at its previous $30 million listing.
Farhad Rahban, who has held the property for half a century, sold it to a private buyer in 1976. His wife, Parvin, raised their sons Nicholas and Sasha on the sprawling lawns that later became the backdrop for the iconic television series. The house, with its six bedrooms, seven bathrooms, and gleaming arched doorways, still carries the same colonial grace that drew fans to the show.
But the allure of nostalgia is outweighed by a stark financial reality. Renovating a nearly 1930s‑era home of this size would require gutted interiors and a complete overhaul of the aging structure. “It would cost more to restore than to build anew,” said Christie Choo of Coldwell Banker Realty, who is currently listing the property. That assessment is what makes demolition the most attractive option for a prospective buyer.
Interest has spiked after the price cut, with a Beverly Hills couple jetting in from Europe for an exclusive tour and other viewings already scheduled. The listing advertises the land as a “world‑class private estate compound” opportunity, and some buyers are already eyeing the possibility of tearing down the house to erect a modern luxury villa.
The next step: an open‑house event slated for September 19 will give interested parties a final look before the property’s fate—sale, renovation, or demolition—is decided. The seller’s agent has already requested a demolition permit, signalling that if the house does not sell within the next month, it could be razed.