Peter Guber Sells Panoramic Bel Air Estate for $13.8 Million

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The producer is reducing the size of his hilltop compound from three houses to two.

Mandalay Entertainment's Peter Guber has sold a three-bedroom mid-century modern on Sarbonne Road in the Holmby Hills area for $13.8 million, reports the Los Angeles Times. The 4,324-square-foot, one-story mansion is nestled at the end of an ultra-private cul-de-sac and was one of three adjacent properties he owned there.

The property, designed by architect A. Quincy Jones and built in 1959, offers panoramic views of the city and Pacific Ocean. The house sits on 2.19 flat acres – a significant amount of land in tony Holmby Hills, which is also home to David Geffen, Rupert Murdoch and Paul Allen.

Kurt Rappaport of Westside Estate Agency opened the listing at $16.5 million in July.

The house Guber and his wife Tara sold is one of three that made up a 13-acre compound that also includes a 1978 Mediterranean-style, four-bedroom, 13,933-square-foot residence on 5.18-acres; the Gubers bought that residence from former NBC chairman, Grant Tinker in 1991 for $7.2 million, according to the Realestalker. In 1994, they purchased a second property next door, a 2,766-square-foot house that Tara Guber turned into a yoga studio, dubbed the Yoga House.

She had hosted classes and dinner parties there as well as invited notables such as Deepak Chopra and Anthony Robbins to speak there. "I wanted to create a sacred space. I didn't create the Yoga House. It created itself. Just like destiny. You don't do destiny. It does you," she told the Los Angeles Times in 2003.

Tara Guber is the founder of Yoga Ed., which develops and produces yoga programs for schoolchildren, and is the author of two books, Yoga Moves (with Alan Finger) and Contact: The Yoga of Relationship.

The Guber compound sits on a hill with three hundred steps connecting it to the Hotel Bel-Air, affording the couple access to hotel room service. According to the Realestalker, the property sold by the Gubers was originally 5.38 acres. "So it would appear that the Gubers have split the property and plan to keep the remaining 3 and some acres," says the website. The agent for the unnamed buyer was Dede Logsdon of Coldwell Banker Brentwood.

Guber once headed Sony Pictures Entertainment, and is now chief executive of Mandalay Entertainment Group. He produced a slew of box office and critical hits, including The Color Purple (1985), Rain Main (1988), Batman (1989) and Batman Returns (1992).

He is currently developing a remake of Alfred Hitchcock's The Birds (1963) with Michael Bay.