British developer Nick Candy is taking another swing at selling his Holmby Hills spread, quietly relisting the trophy compound with a fresh price tag of $58 million. Known as The Reserve, the two-property estate pairs an 11,000-square-foot, single-story main house with a nearly as large, three-story guest house on about 1.88 acres. Candy first floated the property in 2022 and has been chipping away at the price ever since in search of a buyer.
The compound was relisted on Tuesday at $58 million, roughly $1.5 million less than when it last exited the market in November, according to Mansion Global. The listing is being handled by brokers David Parnes and Kurt Rappaport, familiar names in the upper reaches of Los Angeles luxury real estate.
Set at 107 Delfern Drive, the estate combines an 11,000-square-foot main residence with a 10,000-square-foot guest house for roughly 21,000 square feet of living space, according to the brokerage listing at The Agency. Across the two structures, there are 10 bedrooms and 20 bathrooms, and public records indicate the main house dates to around 1960.
What Is On The Property
Inside the main house, the amenities lean unapologetically grand: a formal lounge with an Art Deco bar, a 1920s French Regency-style theater, and a children’s playroom outfitted with two slides and a ball pit. The guest house comes with its own gym and spa, while the grounds feature covered patios, a 50-foot swimming pool, a fire pit, and a tennis court with a viewing lounge, according to Mansion Global.
Price History And Market Moves
Candy originally put the property up for sale in July 2022 with an asking price of $85 million, as reported by The Real Deal. Since that debut, the ask has been shaved back in stages, with public MLS snapshots and broker materials showing reductions that nudged the price into the high $50 million range before this latest relaunch, per the public listing on MansionCollection.
What It Means For L.A.'s Trophy Market
Large Holmby Hills trophy properties often sit for extended stretches and cycle through multiple price cuts as the pool of ultra-wealthy buyers narrows, a pattern that coverage of Los Angeles luxury real estate has repeatedly highlighted. Reporting from Bloomberg has pointed to similar boom-and-trim cycles for other marquee estates in recent years.
For now, Candy’s listing is live once again, and The Reserve remains one of the largest single-owner compounds currently available in Los Angeles. Whether the slightly lower asking price finally hooks a buyer will determine how the sales saga that began in 2022 plays out.
