JUST REDUCED! MAJOR PRICE REDUCTION! ATTENTION DEVELOPERS & END-USERS. AMAZING VALUE AT $780 PER SQ. FT. Outstanding opportunity to acquire an extraordinary 1+ acre compound featuring three separate structures set behind a gate at the end of a private driveway above Hollyridge Drive. The main residence, freestanding guest house, and separate studio above the detached garage provide an abundance of functional space in which to live, work, and entertain amidst a sprawling landscape affording a remarkable sense of privacy. Sited perfectly along a vast ridge and high above the canyon, you will marvel at the unobstructed views of the Downtown Los Angeles skyline, the Griffith Observatory, and the iconic "Hollywood" sign all visible from your own yard. Distinctive1980's architectural designed by Michael Pearce and Richard Clemenson highlighting many of the characteristic details of the era, including large picture windows, glass block, bleached oak floors, a breezy pastel color palette, and multiple patios & terraces from which to take in the incredible 280-degree wrap-around vistas. The main residence consists of 3 bedrooms + 6 baths with a flex room and an upstairs loft currently configured as an entertainment space & office and poised for reimagination as a dramatic 2-room primary suite. Full separate guest house located at the opposite end of the property features a living room/lounge crowned with a dramatic atrium ceiling, kitchenette, 1 bedroom, 2 baths, and multiple French doors leading to assorted patios bordered by a canopy of trees and lush greenery. The expansive grounds consist of multiple outdoor areas including rolling lawn, a swimming pool, lounging decks, flower & cactus gardens, BBQ station, and a vast flat grassy pad providing the ultimate play area. Ideal for a developer, owner/user, artist, or rock star seeking privacy and the space to create an art or recording studio in a separate detached structure. The longtime home of legendary television writer/producer David Jacobs, creator of the classic drama series DALLAS and spinoff KNOTTS LANDING, who along with his wife and children, acquired a sequence of lots over a span of years to create this one-of-a- kind estate still brimming with possibilities and unlimited potential. Utterly unique & memorable. No sign on property.