12/04/2010 01:49 pm ET Updated May 25, 2011

Hollywood Hills Home Of Former National Lampoon CEO Hits Market for $7.995 Million

Via Curbed LA:

The DeWitt Residence, built in 1925, is on the market for $7.995 million. The 8,835 square feet home is located behind double gates on approximately three acres, making the estate very private. The property also boasts two detached guest houses, a pool, grotto, and city views. Inside, this 7 bedroom, 9 bathroom house has beautiful details such as ornate tiling and lighting fixtures and stained glass windows. Also worth noting is the fact that the home, located above the LA landmark Chateau Marmont, was previously owned by former National Lampoon CEO Daniel Laikin, who was convicted of fraud and sentenced to prison in September of this year. National Lampoon Inc. is the company behind hit comedies like "Vacation," "Animal House," and "Van Wilder." To see the remarkable house Laikin once called home, check out the photos below.

Photos by Michael McNamara, courtesy of the official listing with Barry Sloane of Sotheby's International Realty.