Home of the Week: A majestic estate in Los Feliz

The Victor Rossetti Residence was designed in the 1920s by “architect to the stars” Paul Williams for one of Los Angeles’ premier bankers. No expense was spared. Gated, with a long private driveway and roomy motor court, the opulent Los Feliz estate retains Williams’ signature Corinthian columns and dramatic staircase but has been restored and updated to include lavish outdoor entertainment areas.

Location: 2188 Ponet Drive, Los Feliz 90068

Asking price: $12 million

Year built: 1928

House size: Eight bedrooms, nine bathrooms, 8,240 square feet

Lot size: 18,993 square feet

Features: Living room, den/library, formal dining room, offices, gym, wine room, media room, coffered and wood-beamed ceilings, barbecue, swimming pool, spa, cabana, fire pit, expansive city views, Los Angeles Historic-Cultural Monument No. 915 designation, qualifies for Mills Act tax benefits

About the area: Based on 70 transactions, the median price of home sales in Los Feliz in the second quarter was $1.165 million, according to PropertyShark.com. That was a 4% price increase from the first quarter and a 9% jump year over year.

Agents: Barry Sloane (310) 786-1844, and Marc Silver (310) 809-4656, Historic and Architecturally Significant Properties, Sotheby’s International Realty, Beverly Hills

To submit a candidate for Home of the Week, send high-resolution color photos via Dropbox.com, permission from the photographer to publish the images and a description of the house to [email protected].