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Bob Hope's Exquisite Toluca Lake Estate Is Now $11M Cheaper

Since hitting the market for the first time ever in 2013 (at a hearty $27.5 million), the fabulous, nearly-three-acre estate of beloved entertainer Bob Hope and his wife Dolores has seen a few price changes, but has always stayed up in the $20-million bracket. It was last listed at $23 million, but this week the property's price has been slashed almost in half, down to just $12 million. Originally designed by Robert Finkelhor and updated in the 1950s by John Elgin Woolf, Hope's long-time home spreads across four parcels of land that he acquired in the decades since moving in in 1939 (when the area was basically rural).

Curbed LA has your tour inside.>>