Magazine article Variety

Robert Taylor Ranch Returns to the Market

Magazine article Variety

Robert Taylor Ranch Returns to the Market

Article excerpt

The so-called Robert Taylor Ranch, 112 scenic acres In the heart of L.A.'s bucollcally swank Mandevllle Canyon, has returned to the market with a $20 million asking price. The sprawling compound was the longtime residence of actor Taylor, star of iconic 1950s films "Quo Vadis" and "Ivanhoe," who lived there until his death, in 1969. The ranch was sold in the '70s for $900,000to radio station magnate Ken Roberts, who made an unsuccessful attempt to sell in 1990 with a fanciful asking price of $45 million, and then again in 2008 at an even more pie-in-the-sky $65 million. In the end, Roberts gave up the property in 2010 to the hedge fund outfit New Stream Capital in order to settle a legal claim, and the uncommonly expansive estate was lickety-split put back up for sale at $28.9 million. By August 2012 the price had plummeted to $18.9 million, and In December 2012 the property was sold at auction for $12 million to its current owner, Chicago-based real estate developer Fred Latsko, who briefly tried to sell the estate last year for $20 million. …

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