Home News This $37.5 Million L.A. Home Once Had a Bomb Shelter. Now It’s a Wine Cave.

This $37.5 Million L.A. Home Once Had a Bomb Shelter. Now It’s a Wine Cave.

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According to compass list agent Carl Gambino, Los Angeles real estate that has turned from a bomb shelter to a wine cave is on the market for $ 37.5 million.

Pacific Palisades properties are well above the previous sale price of $ 25.5 million a year ago. Known as the Valley Farm, the 7-bedroom grounds are all farm-style, including the main building, a two-story pool house, and a small guesthouse used as a gym.

The owner, Rita Deleone, 64, states that the bomb shelter, built on a rock formation with a different structure, was built in the 1950s. In 2012, the house was largely demolished and rebuilt, but the bomb shelter was preserved and converted into a wine storage area.

De Leone previously worked for corporate hospitality and lives primarily in Texas. She said she was helped with her purchase by a wealthy “significant other” who did not name her.

“He is a very generous person,” she said. “He gave me something I never imagined. All my girlfriends call me Cinderella.”

“Disneyland” for grandchildren

Ryan Rahif
Ryan Rahif
Ryan Rahif

The property has a pool, an outdoor dining area and a bocce court. Ryan Rahif (3)

Ohio-born Deleone said she was buying real estate in the Los Angeles area to get closer to her son, a film editor and producer living in the Marina Del Rey area. For the past year, she said she had spent her time between Pacific Palisades and another home in The Woodlands, Texas.

Located on the edge of Will Rogers State Historical Park, the Valley Farm is located on more than an acre and features a pool, vineyards, orchards, batting cages and bocce courts.

According to Gambino, the mansion, which is mainly finished in bright white interiors, has a library, a music room and a study. The main building features a London-style bar with plaid cloth walls and a wooden panel dining room with a large stone fireplace.

Ryan Rahif
Ryan Rahif
Ryan Rahif

The property has a music room, a London-style pub and a study. Ryan Rahif (3)

Deleone said she was attracted to the property because she remembered visiting strawberry fields and apple orchards near her childhood home in Ohio and going home to make pies. She said she had done important work on the property, including the installation of a new pool and spa, and the construction of a new motor court that would allow for additional parking. She said she had set up a series of swings in her yard for her grandchildren who considered the property to resemble Disneyland.

Deleone said she sells real estate because it’s too big as long as she loves it. “It’s a little hard for me,” she said.

Gambino said the value of the property has increased significantly over the past year, thanks to the improvements Deleone has made and the increased demand for properties near the sea. He quoted a recent sale of a Pacific Parisaise home for $ 51 million after Maroon 5 frontman Adam Levine bought it for $ 31.95 million in 2018.

Write in Catherine Clark [email protected]

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