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

Ed Limato's Heather House Undergoes Huge Price Cut

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?

Photos by Michael McCreary, courtesy of the official listing with Dan Sullivan.

Ed Limato's Heather House