The CEO of iconic guitar manufacturer Fender , Andy Mooney , is hoping his longtime Los Angeles estate strikes the right note with buyers after listing it Monday for $13.49 million.
The gated two-parcel compound is tucked away on an “ultra-private promontory above the Sunset Strip,” according to the listing that’s held jointly by James Harris of the Agency and Josh Flagg of Rodeo Realty.
Would-be buyers have been given two options for the property: Keep the existing home, or create a new, custom estate with a footprint that could span up to 14,565 square feet, the listing said.
"This is an amazing owner-user house as well as a development,” Mr. Flagg said in an email statement. “Someone could redevelop this and have a $50 million house."
Buyers who choose to retain the home will get a property that spans 4,744 square feet and has four bedrooms, five-and-a-half bathrooms and interiors by Clements Design, a mother-and-son team whose client list includes Jennifer Lawrence , Kris Jenner and serial flippers Ellen DeGeneres and Portia de Rossi .
Built in 1954, the light-filled home, which exudes upscale farmhouse vibes, has vaulted wood-beamed ceilings, fireplaces, a gym, a pool, a spa and a guest house, according to the listing.
There’s also a central courtyard, vegetable gardens and panoramic views stretching from Downtown Los Angeles to the Pacific Ocean
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A representative for The Agency declined to comment on the listing.
Mr. Mooney , a Scotland native, pieced together the spread in the early 2000s, property records show, though it’s not clear how much he paid for the two lots.
The executive was appointed CEO of Fender Musical Instruments Co. in 2015, after spending time at Nike and Disney. A representative for the company declined to comment on his behalf.
The Los Angeles Times first reported the listing.