A Beverly Hills mansion once owned by stars Ricky Martin and Doris Day just had its price cut by $25 million. The estate originally listed last month at $75 million. It now asks $49.95 million, placing it among the most notable reductions in Southern California luxury real estate.
When it hit the market in August, the property tied with Steve Wynn’s mansion as the most expensive home for sale in Beverly Hills. However, the listing agent, Carl Gambino of Compass, declined to comment on the price change.
Celebrity History and Ownership
The mansion covers 9,200 square feet and sits on 2.37 acres. Built in 1956, it recently underwent a multiyear renovation. Notable past owners include Doris Day, Michael Caine, and Ricky Martin.
Currently, the property belongs to an LLC linked to Michael Smith, CEO of Freeport LNG, and his wife, Iris. They bought the home from Martin in 2006 for $15 million, according to public records.
Estate Features
A long, tree-lined driveway leads to a motor court with room for at least 20 cars. Inside, the Tuscan-style mansion offers six en-suite bedrooms. The primary suite includes a sitting room, two bathrooms, two dressing rooms, and a private terrace with city and ocean views. In addition, it features a flexible space that can be adapted for office or leisure use.
Panoramic Views and Amenities
Almost every room opens to sweeping views, stretching from Mid-Wilshire to Santa Monica and the Pacific Ocean. On clear days, the sightline even reaches Malibu. Amenities include a home theater with a snack room, a guesthouse, a swimming pool, a playground, and a security house.
As a result, the home combines celebrity history, privacy, and world-class design. With its new price, this Beverly Hills mansion offers a rare opportunity in one of the most competitive luxury housing markets.
