However, he died before building commenced, and his widow inherited the property, a 3.7-acre lot at the end of a cul-de-sac bordering the Los Angeles Country Club.

The second owner, Texas entrepreneur Joseph Drown, founder of the Hotel Bel Air, only lived at 141 South Carolwood for two years and made no major changes to the estate.

[6] In 1976, Cher sold the estate to Chase and Ralph Mishkin, who renamed it "Owlwood", in honor of the owls that lived in the towering trees on the property.

[1] Alta then acquired the neighboring 4.6-acre estate at 10060 Sunset Boulevard, which had been owned by Bill Osco, the producer of Flash Gordon, and prior to that the Olympic swimmer and actress Esther Williams.

[1] In 2016, Owlwood, known as "The Crown Jewel of Holmby Hills," was quietly shown to vetted buyers as a private off-market listing at a sales price of $150 million.

[1] Bob Shapiro, head of Sturmer Pippin Investments and Woodbridge Luxury Homes, said he intended to honor the property's legendary past.