New price for modernist home once owned by Frank Gehry

Starchitect Frank Gehry is the man behind the iconic Walt Disney concert hall, new towers on Bunker Hill, a master plan for the LA River, and this modernist home.

Built in1936, Gehry’s St. Ives Residence is located down a long gated drive, on a rare street-to-street lot in the swanky bird streets, just above the Sunset Strip.

A two-year, multi-million dollar renovation left three exterior sides wrapped in a stucco enclosure.

Inside, the architecture boasts extraordinary light and scale. Spanning multiple levels, the 3,861 square feet offers a full-floor main suite and two other bedrooms, a chef’s kitchen with adjacent dining terraces, wall-to-wall picture windows, and enviable downtown-to-ocean views.

There’s also a tempting pool and surrounding terraces that complete this modern retreat.

The current owners are Margaret Maldonado, founder of the Los Angeles-based fashion label L’Agence, the woman who put J.Lo in that unforgettable┬áVersace dress, and her husband, Mikko Koskinen. Public records show they purchased the home for $2,395,000 in 2005.

The home most recently hit the market in February 2016 with an asking price of $6,395,000. After a near-year long stint, the house, listed by Jonah Wilson, is now asking $4,899. It’s (It’s also available for lease.)

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