LOS ANGELES

Ed Limato's Heather House Undergoes Huge Price Cut

01/26/2011 12:28 pm ET | Updated May 25, 2011

The home belonging to the late Ed Limato, former agent to stars like Meryl Streep, Denzel Washington, and Mel Gibson, has been reduced from $15.5 million to $12.5 million. On the market for over 120 days, the 70,000 square feet house boasts 6 bedrooms and 9 bathrooms. Sitting on over an acre and a half of land, the estate also features a separate, state-of-the-art projection room, guest house, pool, and tennis court. Is the new price reasonable in the current market, or is there another price chop in its future?

Ed Limato's Heather House
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