LA
02/16/2011 11:44 am ET | Updated May 25, 2011

Miramax Co-Owner Leases Out Hidden Hills Estate For $25,000 A Month

Via The Wall Street Journal: Miramax Films co-owner Ron Tutor's former home is off the market...for now. The home, which is over 19,000 square feet, was originally listed at $18.9 million last year and then reduced to $12.9 million, before Tutor recently decided to lease it out for $25,000 per month. The Hidden Hills estate has seven bedrooms and sits on 3.4 acres with a pool, guest house, tennis court, and a lake. Additional features include a grand ballroom, arcade and poker room.

Prior to becoming one of the owners of Miramax Films, Tutor made his fortune as a construction tycoon with his company Tutor-Saliba. The construction and engineering company is responsible for such large-scale projects as the Wynn Encore and Planet Hollywood Towers in Las Vegas, the reconstruction of the San Francisco International Airport, Jamaica Station in New York City, and the UCLA Westwood Replacement Hospital.

Photos by Val Riolo, courtesy of the original listing by Tracy Tutor Maltas