Last year the asking price for publishing magnate Robert Petersen’s Time Capsule Estate in Beverly Hills was $16 million, but was obviously big bite for many. Now, the price of $11,800,500 proved justified and the house was recently sold for that amount. Traditional-style Paul Williams-designed house was built in 1933 and restored in 1988. Nestled behind iron gates, stunning 1.23 acres property, this seven-bedroom, seven-bathroom home features 7,735 square feet of living space.
A foyer with a spiral staircase and a two-story window, a den/office, a wine room, a glass-enclosed porch and a gym are some of the home’s features. The grounds include an enchanting scene of mature flora, secret gardens, an enclosed cabana/outdoor dining room, a swimming pool with a spa and a pool house. The Motor Trend and Hot Rod founder died in 2007 at 80. He helped establish L.A.’s Petersen Automotive Museum in 1994 with his wife, Margie, who died last year at 76.
