Asking Price: $5,499,000

REDUCED BY $500,0000. This 1921 Spanish mini compound is enviably situated just three homes away from the legendary Chateau Marmont Hotel. Recently exquisitely remodeled with elegance, style, and a taste of Tulum, Mexico, the property consists of a three-bedroom main house and a separate one-bedroom guest house. Downstairs is a spacious cook's kitchen (with pro-style appliances and walk-in, climatized wine cellar) opening to a warm and cheery dining room with fireplace and a cozy lounge area; large, light-filled living room with fireplace; and a den/media room. All rooms open to the spectacular, lushly manicured grounds. Downstairs are two guest bedrooms; the masterful upstairs primary suite features dual walk-in closets and a broad open-air terrace. Enjoy phenomenal entertaining options with five distinct outdoor destinations. The pool area is perfect for sunbathing and swimming, while the firepit area provides a snuggly spot for cooler evenings. A large bar area is ideal for hosting lively gatherings with friends. The dining area is perfect for large al fresco dinner parties, and the lounge area offers a space to relax and unwind in style. This exceptionally private, gated property ensures complete security and boasts off-street parking for up to seven vehicles. Homes proximate to the Chateau have been known to benefit by room service from, and access to, the pool, restaurant, and bar at the Chateau Marmont -- the best club in town you can't otherwise join.