"Development opportunity," "selling for land value" and "as is" are phrases used in real estate listings to describe tear-downs, those homes probably destined for the proverbial wrecking ball. Mansions with multimillion-dollar price tags, former homes of famous owners and estates designed by renowned architects can fall into this category. Our occasional feature highlights tear-downs of note.
Actress-comedienne Alexandra Wentworth was heading to New York to wed ABC news anchor and former White House aide George Stephanopoulos in 2001 when she sold her home in Hollywood Hills West for $1.6 million.
During her two years owning the Mediterranean-style house, Wentworth renovated the more than 4,000 square feet of 1950s interiors.