The building was conceived from the inside out and built into the sandstone ledge of the hillside; a cave-like dwelling that opens to embrace nature and view.

[3] The Sheats–Goldstein Residence is one of the best-known examples of John Lautner's work; he designed not only the house, but the interiors, windows, lighting, rugs (to tie the rooms together), furniture, and operable features.

The home was built with five bedrooms, four and a half[clarification needed] baths, and a living room that was originally completely open to the terrace, protected by only a curtain of forced air.

[4] In 2016, the Los Angeles County Museum of Art (LACMA) announced that James Goldstein has entrusted the home and its surrounding estate in a promised gift to the institution.

The future endowment includes the home's extensive art collection, original architectural models, and a 1961 Rolls-Royce Silver Cloud which resides on the property.

The first collection of its kind for LACMA, the endowment seeks to preserve the legacy of the home and Lautner's work, as well as its significance in Los Angeles architecture history.

[5] The home has been featured in movies such as Charlie's Angels: Full Throttle, The Big Lebowski, and Bandits, as well on television in Southland and Possessions (1997) by Andrew Blake.

[11] In the Netflix 'Selling Sunset' reality show the home is featured in episodes 1 and 2 of Series 7 (2023), when Jason and Brett Oppenheim host a dinner for their real estate agents.The owner, James F Goldstein, also makes an appearance.