09/15/2010 11:59 am ET Updated May 25, 2011

Mid-Century Compound Above Chateau Marmont In Hollywood Hills

Via Curbed LA: Designer-developer Billy Lehman and wife Dana Goodyear (a poet and New Yorker writer) are selling their mid-century modern compound above Chateau Marmont for $4.495 million, down from $4.95 million when they first listed the home in May. Lehman created the compound by combining and restoring two two-bedroom homes and added a second story, balcony, and pool. You can hop from one structure to another via a redwood staircase, and walk around and enjoy the several outdoor "rooms" Lehman created.

In addition to the clean white post-and-beams and indoor-outdoor flow, we're loving the power couple's artwork, too. Check out the middle finger statue in slide #6 by LA artist Liz Craft, a Takashi Murakami piece in slide #7, and Andy Warhol's "Muhammad Ali" in slide #8. Curbed LA has the scoop on the skins: "according to this article on the house in C magazine (link goes to a pdf), the zebra pelt seen in the photos is real. Not pictured: the Impala head in the master bedroom."

Photos by Jim Simmons, courtesy of the official listing at Rose & Chang.