Via Curbed LA:
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?