A beautiful Spanish Revival residence on 0.99 acres in Beverly Hills has been reduced to $17 million. The property first hit the market in 2015 for an ambitious $42.5 million before dropping to $30 million in 2016. By the end of 2017 it had dropped to $20 million and dropped once more in November 2019 to $17 million. The nearly 7,000 square foot residence was designed by architect John Byers and built in 1926. Nestled behind gates, an enchanting storybook adventure awaits amongst the lush and mature landscaping with meandering paths, koi ponds, fountains and sparkling pool with waterfall. The main property features ornate fireplaces, a wine cellar, wood-panelled rooms, a cigar lounge with bar and three bedrooms. The master suite hosts an expansive bathroom and wrap-around veranda with access to the den, at the top of a hand-carved ladder. Amongst the grounds are two guest cottages, and two apartments with industrial-style finishes, encapsulating the original aviary and stained-glass windows. This sprawling compound with shimmering city and ocean vistas provides a rare opportunity to own a property steeped in history, moments from all that Beverly Hills has to offer. This unique property is on the market for $17 million with Joshua Altman of Douglas Elliman.