Robert Taylor Ranch Back On The Market At $28 Million (PHOTOS)

Can you put a price on history? Apparently so, and a dropping one at that.

The legendary Robert Taylor Ranch -- one of Los Angeles' most exclusive and private compounds -- has come back on the market at $28 million. The historic home had at one point been listed for $65 million, and we all know how that turned out.

The 70-room estate with more than 20,000 square feet of living space is now owned by New Stream Capital, a financial services firm based in Connecticut. The property was transferred to the firm in 2010 as part of a debt settlement by its previous owner -- KROQ founder Ken Roberts, the man who brought modern rock to Los Angeles. Other former owners include the actor Robert Taylor, hence the name that's stuck. The ranch was built in 1956 for Waite Phillips and designed by architect Robert Byrd.

The Robert Taylor Ranch occupies 112 prime acres in Brentwood, making it the largest residential property in the city. Features include an 11,700-square-foot main house with 34 rooms, a 4,000-square-foot recreational complex and a 3,100-square-foot guest house. The estate includes a pool, tennis courts and horse stables.

Roberts had the property on and off the market at various prices including a low of $35 million and a high of $65 million.

Marcie Hartley and Aaron Kirman, both of Hilton & Hyland Real Estate in Beverly Hills, co-listed the property.

Photos by Jeff Ong, PostRain.