The historic Hollywood compound of two Oscar winners, actress Helen Mirren and director Taylor Hackford, has just been relisted for $16,995,000.

The couple had initially put it on the market for $18,500,000 in 2021. The expansive property can also be rented for $39,995 a month.

Anyone eyeing this remarkable property might be tempted to take another close look now that it’s back at a discounted price.

‘In the heart of Hollywood’

“This is an unparalleled opportunity to obtain a 6.5-acre property in an amazing close-in Hollywood Hills location like no other, affording the ultimate in privacy and convenience,” says Joyce Rey, who is co-listing the property with Stephen Apelian. Both are Coldwell Banker Global Luxury Property specialists affiliated with the Beverly Hills office of Coldwell Banker Realty.

“No other property offers a beautiful setting, sophisticated styling, exceptional views, and supreme privacy, all in the heart of Hollywood,” Rey says.

It’s an iconic property in an iconic location. It sits right on the edge of Runyon Canyon, a hiking area featured in countless movies and TV shows, and offers spectacular views of the L.A. skyline.

The commanding compound has 10,199 square feet of living space. The luxe main residence has five bedrooms, and the guest cottage has three. There are 11 bathrooms in total.

In addition, there’s a five-car garage with an office and loft-style apartment above, which could also be rented out.

Speaking of rentals, the homeowners have been renting out this grand estate for the past several years, at prices listed between $35,000 and $45,000 per month.

Classic in style, the elegant estate is surrounded by 100-year-old foliage highlighted by graceful palm trees and jacarandas.

An inviting red front door beckons you inside the main house, which features multiple fireplaces, French doors, wood floors, woodwork and paneling, jewel-toned rooms, and whimsical, period wallpaper featuring orchids and flamingos.

The grounds are marked by elegant brick terraces, a pool, lounging areas, and walking paths, which take you through native California foliage that has been flowering for over a century.

Storied estate

The elegant estate has had only four owners, all of them Hollywood luminaries.

It was built in 1911 for Dustin Farnum, an early movie star. After Farnum came journalist, columnist, and film producer Mark Hellinger, whose short story gave rise to the film “The Roaring Twenties,” starring Humphrey Bogart and James Cagney.

Hellinger sold it to Gail Patrick, actress and executive producer of the original “Perry Mason” series. She was one of the first and most successful female producers in Hollywood.

Hackford and Mirren bought the estate from Patrick in the 1980s.

Privacy and security

“Backed up to lush and natural parkland, this one-of-a-kind place is secure behind two gates and up a scenic … driveway,” Apelian says. “In addition to location, views, and amenities, the best features are the seclusion, security, and privacy.”

Hackford, 78, won an Oscar for his live-action short film “Teenage Father” in 1979, and then went on to direct “An Officer and a Gentleman,” “Against All Odds,” and the Ray Charles biopic “Ray.”

Mirren, 77, received an Oscar for her portrayal of Queen Elizabeth II in “The Queen.” Her upcoming films include “Shazam! Fury of the Gods,” “Fast X,” “Golda,” and “Barbie.”

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