Built in 1930 at a cost of $15 million, The Pierre was designed by Schultze & Weaver, the architectural firm behind such notable New York City landmarks as Waldorf-Astoria Hotel and the nearby Sherry-Netherland building.
In the international housing market, about $3.25 million is enough to nab an apartment in Paris, a modern villa in Spain or a contemporary chalet in Switzerland.
The 46-acre compound, which features a main house designed by architect Paul R. Williams, is among the largest residential estates on the Westside of Los Angeles.
In Bel-Air, the unfinished mega-mansion of luxury real estate developer Mohamed Hadid is hitting the market as a development opportunity for $8.5 million.
Long known for its skiing and snowboarding trails, the year-round resort area is a trendy second-home and getaway destination catering to the well-heeled.