Billionaire Ron Burkle Seeks $29M for Bob Hope’s Famous Toluca Lake Estate

Back in June of 2018, billionaire Ron Burkle relieved the longtime home of the late Bob Hope from a nearly six-year stay on the market, buying the property for $15 million. The home had been up for sale since 2013, when it first sought $27.5 million. Now, following a restoration, the supermarket mogul has put the Toluca Lake compound back on the market. Asking $29 million, The Bobe Hope Estate is poised to sell for the second time since its construction in 1939.

For it was then that Hope and his wife Dolores, both now deceased, built this compound in Los Angeles. No small spread, the 5.2-acre property counts an impressive 10 bedrooms and 17 bathrooms. Six of those bedrooms lie in the main house, with two additional allotted for staff. A two-bedroom apartment rounds out the tally.

John Elgin Woolf, described by the listing page as “the father of the Hollywood Regency style,” was commissioned by the Hopes to revamp their home decades after it first went up. Today, many of Woolf’s design elements remain. The home puts an emphasis on indoor-outdoor living, with bountiful walls of glass looking out to the grounds designed by Art Luna and the mountains far beyond. One view Hope fans and golf enthusiasts will particularly enjoy is the one-hole golf course, conceptualized by the beloved actor himself. Hope’s office has also been masterfully restored.

Seemingly a collector, Burkle currently owns Michael Jackson’s Neverland Ranch and Hope’s former Palm Beach getaway, according to Mansion Global. He told the publication, “I have always had enormous respect for the Hope family and consider them friends. We saw the Hope House in Toluca Lake as a wonderful opportunity to help preserve their legacy.”

Kevin Dees of The Agency holds the special listing, now awaiting its next steward.