718 N Palm Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 5 bed, 6 bath

718 N Palm Drive, Beverly Hills, California 90210 home-pic-0
ACTIVE$18,650,000
718 N Palm Drive, Beverly Hills, California 90210
5Beds
6Baths
5,895Sqft
28,783Lot
Year Built
1941
Close
-
List price
$18.65M
Original List price
$18.65M
Price/Sqft
$3,164
HOA
-
Days on market
-
Sold On
-
MLS number
25491723
Home ConditionFair
Features
Pool
Patio
View

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $18.65M(90th), sqft - 5895(71th), beds - 5(50th), baths - 6(59th).

The Johnny Hyde Estate. A timeless reflection of Hollywood's Golden Age, where prestige, glamour, and architectural excellence converge in one of the most coveted homes in the Beverly Hills Flats. Named after Johnny Hyde, the legendary talent agent who discovered and launched the career of Marilyn Monroe, this estate is more than a home, it is a cornerstone of cinematic history. Within these walls, Marilyn Monroe found refuge, transformation, and the path to becoming the most iconic star of all time. It was here that her journey from aspiring actress to Hollywood legend truly began, making this estate an irreplaceable part of her legacy. Set on an extraordinary nearly 29,000 square foot flat lot, this Paul Williams-inspired masterpiece, built in 1941, embodies grace, elegance, and enduring sophistication. With 5 flawless bedrooms of the original 6-7 which have all been re-purposed, 6 bathrooms, and nearly 6,000 square feet of stunning interiors, the residence allows for both grand-scale entertaining and effortless everyday living. A dramatic entryway with a sweeping staircase sets the tone, leading to expansive formal living and dining rooms flooded with natural light. A chef's kitchen and breakfast room, an elevator, an upstairs kitchenette, and ample storage make the estate as functional as it is breathtaking. On the second floor, the primary retreat features en-suite his and her bathrooms, a study and a kitchenette with a large walk-in closet (formerly a bedroom). The children's quarters have a separate staircase and two Jack-and-Jill bathrooms. The backyard is truly one of a kind, an expansive, private retreat, a rarity in Beverly Hills. Lush, manicured grounds stretch endlessly, creating a setting reminiscent of a private European estate. The spacious backyard features mature landscaping, a perfectly situated pool, a modern pool house pavilion replete with a bathroom and storage, and a large, heated and covered patio perfect for al fresco dining. There is plenty of room for a pickle ball court, an accessory dwelling unit or other additions without interrupting the character of the backyard. This was Marilyn Monroe's sanctuary, a place where she could escape, dream, and become the legend the world would soon adore. A three-car garage and large, gated carport add to the estate's exceptional functionality, while renderings and floor plans by renowned architect William Hefner and Associates offer the opportunity to reimagine the home encompassing a 4,000 square foot addition to the first and second floors and a detached dwelling unit with two bedrooms and a gym with access from the alley. Located just moments from the legendary Beverly Hills Hotel and across the street from the renowned Simon Cowell estate, this estate is the pinnacle of prestige and rarity. A property of this magnitude, with its unmatched provenance, breathtaking scale, and architectural significance, is truly a once-in-a-lifetime offering. The Johnny Hyde Estate is more than just a home it is where history was made, where a star was born, and where Hollywood's most enduring legend took shape.

Nearby schools

9/10
West Hollywood Elementary School
Public,K-50.7mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,K-61.5mi
9/10
Wonderland Avenue Elementary School
Public,K-52.3mi
9/10
Warner Avenue Elementary School
Public,K-52.3mi
7/10
Canfield Avenue Elementary School
Public,K-52.6mi
9/10
Fairburn Avenue Elementary School
Public,K-52.6mi
5/10
Carthay Center Elementary
Public,K-52.6mi
8/10
Hawthorne Elementary School
Public,K-80.6mi
8/10
Beverly Vista Elementary School
Public,K-81.5mi
8/10
El Rodeo Elementary School
Public,K-81.6mi
8/10
Horace Mann Elementary School
Public,K-81.8mi
3/10
Hubert Howe Bancroft Middle School
Public,6-83.6mi
7/10
John Burroughs Middle School
Public,6-83.9mi
3/10
Daniel Webster Middle School
Public,6-84.4mi
7/10
Palms Middle School
Public,6-84.4mi
9/10
Beverly Hills High School
Public,9-121.8mi
7/10
Fairfax Senior High School
Public,9-122.2mi
6/10
Alexander Hamilton Senior High School
Public,9-123.7mi
6/10
University Senior High School Charter
Public,9-124.5mi
6/10
University Senior High School
Public,9-124.5mi

Price History

Date
Event
Price
03/16/25
Listing
$18,650,000
Condition Rating
Fair

Built in 1941, this property is an 83-year-old estate that has clearly undergone significant updates and meticulous maintenance to preserve its grandeur. The description highlights a 'chef's kitchen' and updated bathrooms (e.g., 'his and her' en-suites), and the images show well-maintained interiors with hardwood floors and a mix of classic and recessed lighting. However, the property's age, combined with the explicit mention of architect plans for a substantial 4,000 sq ft addition to 'reimagine the home,' suggests that while luxurious and functional, the current state is not a recent, full-scale renovation to modern ultra-luxury standards. The existing components, while high-quality and well-kept, likely reflect updates from 15-30 years ago, making them functional but potentially outdated in terms of current design trends and efficiency. This aligns with the 'Fair' category, indicating an aged but well-maintained home with functional major components that may show signs of being outdated, and requiring further significant investment to achieve a truly 'Excellent' or 'Good' modern condition.
Pros & Cons

Pros

Historical Provenance & Exclusivity: The property boasts unparalleled historical significance as 'The Johnny Hyde Estate,' directly linked to Marilyn Monroe's rise to stardom, offering a unique and irreplaceable piece of Hollywood history that commands premium value and attracts a discerning buyer.
Prime Beverly Hills Flats Location: Situated in the highly coveted Beverly Hills Flats, moments from the legendary Beverly Hills Hotel and adjacent to other celebrity estates, providing an address synonymous with prestige, luxury, and exclusivity.
Expansive & Private Grounds: An extraordinary nearly 29,000 square foot flat lot, a rarity in Beverly Hills, featuring lush, manicured gardens, a perfectly situated pool, a modern pool house, and ample space for additional amenities like a pickleball court or ADU, ensuring ultimate privacy and outdoor living.
Architectural Grandeur & Timeless Design: A Paul Williams-inspired masterpiece from 1941, embodying grace, elegance, and enduring sophistication with a dramatic entryway, sweeping staircase, and expansive formal rooms, offering a classic Hollywood aesthetic.
Significant Expansion & Customization Potential: Approved renderings and floor plans by renowned architect William Hefner and Associates provide a clear path for a substantial 4,000 square foot addition and a detached dwelling unit, allowing for modern customization and significant value enhancement.

Cons

Age and Potential for System Updates: Built in 1941, the property, while architecturally significant, may require substantial investment in updating core infrastructure (e.g., plumbing, electrical, HVAC) to meet contemporary standards, efficiency, and luxury expectations, beyond cosmetic renovations.
High Investment Required for Full Potential: While expansion plans are a strength, realizing the property's full modern potential involves a significant additional financial commitment and project management burden for the buyer, as the current configuration may not fully satisfy all luxury market demands.
Niche Market & Valuation Discrepancy: The property's unique historical provenance targets a very specific, affluent buyer demographic. The listing price significantly exceeds the automated valuation model (AVM) estimate, indicating a premium for its historical value that may not appeal to all high-net-worth individuals, potentially impacting market liquidity or negotiation.

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