LOS ANGELES — A newly minted Hollywood Hills megamansion built on land once owned by Marvel star Jeremy Renner returned to the open market with a steep $26 million haircut.
Developers relisted the hilltop compound at 7661 Curson Terrace for $99 million in mid-October. That marks a 21 percent slide from the ambitious $125 million price tag floated just over a year ago. The market pushed back. Ultra-wealthy buyers hesitated, forcing the building team to recalibrate.
"The price adjustment reflects the realities of today's luxury real estate market, particularly at the ultra-high end, where the buyer pool is inherently limited and transactions often require more time," developers Branden Williams and Rayni Williams of The Beverly Hills Estates confirmed in an official statement on the repricing.
Sited on an enclave containing just five private residences, the estate commands views arcing from the Downtown Los Angeles skyline straight to the Pacific Ocean, bordered by Runyon Canyon, the Chateau Marmont, and the Hollywood Bowl.
Erecting the 22,000-square-foot monolith took ten years. General contractor JRC Group anchored the structure into the hillside using more than 100 foundation caissons drilled 100 feet into bedrock. Scott Mitchell Studio handled the architecture, pairing monolithic board-formed concrete with floor-to-ceiling glass and structural steel curtain walls.
The raw concrete alone soaked up more than $30 million. Construction costs topped $5,000 per square foot, excluding the original land acquisition.
The developers bought the dirt from Renner for $8 million before launching the massive redevelopment.
Inside, the residence splits seven bedrooms and 12 bathrooms across cascading hillside tiers. The primary suite occupies the entire upper level, flanked by dual dressing wings, twin bathrooms, and a dedicated executive study. Downstairs, the layout shifts to leisure: a screening theater, a billiards lounge, a cocktail bar, and an entrance opening into a 4,000-square-foot motor court engineered to transform into a climate-controlled ballroom.
Outside, a 100-foot infinity pool finished in dark stone anchors the lower terrace alongside a sunken fire lounge, sheltered dining patios, and a breezeway-connected bar amid mature native oaks. Sliding glass walls retract flush into structural pockets, dissolving the line between indoor galleries and open air.
| Property Parameter | Official Specification |
|---|---|
| Street Address | 7661 Curson Terrace, Hollywood Hills, Los Angeles |
| Revised Listing Price | $99,000,000 |
| Original Asking Price | $125,000,000 |
| Price Reduction | $26,000,000 (-20.8%) |
| Original Land Acquisition | $8,000,000 (Purchased from Jeremy Renner) |
| Interior Living Area | 22,000 square feet |
The $99 million sticker price carries a punishing municipal penalty under local ordinance.
Los Angeles enforces Measure ULA, known colloquially as the mansion tax. The municipal code slaps a 4 percent levy on residential transfers between $5.4 million and $10.9 million, leaping to 5.5 percent on transactions crossing the $10.9 million threshold. A buyer or seller closing at $99 million will owe $5.445 million directly to city coffers on top of typical closing charges.
Market Context: The steep price cut underscores persistent friction across Southern California's luxury real estate corridor, where rising interest rates, elevated insurance friction, and Measure ULA transfer levies have chilled nine-figure transactions and forced developers into multi-million-dollar compromises.
Listing agents are keeping the property actively pitched to international private wealth syndicates, with private walk-throughs restricted strictly to pre-vetted prospective buyers.
| Structural Footprint |
| 7 Bedrooms, 12 Bathrooms, 1+ Acre |
| Engineering Foundation | 100+ Caissons sunk 100 feet deep |
| Core Architectural Feature | 100-foot dark-stone infinity pool & motor court ballroom |