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Zillow’s co-founder and former chief executive officer is selling his California home.
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Spencer Rascoff listed the Los Angeles property for $24 million, about $7 million more than the home’s $16 million “Zestimate,” or Zillow’s appraisal of what the place is worth.
The median home value in the area, for comparison, hovers around $724,000.
The 12,700-square-foot property, which was remolded by architects Ken Ungar and Steve Giannetti, sits on a half-acre of land in a gated community. It features six bedrooms and nine bathrooms and touts a theater with stadium seating, fitness studio and pool.
“Tucked behind lush hedges, elegant, grand-scale rooms bathed in natural light are graced with stained oak floors, wainscot paneling and high ceilings,” the property’s description reads. “Among the interior highlights: a spectacular chef's kitchen finished with Calacatta marble, lacquered cocktail bar, state-of-the-art theater with stadium seating, and an expansive master suite boasting a large private balcony and dual bathroom suites.”