One of Beverly Hills' most talked-about pieces of real estate is back in the spotlight, this time as an ultra-pricey rental. Jeff Franklin, the TV producer behind Full House, has listed his 21,000-square-foot Cielo Drive estate for a staggering $247,500 a month. The Andalusian-style compound sits on about 3.6 acres and packs in nine bedrooms, 18 bathrooms, multiple pools, a lazy river and even a shark tank. The eye-popping amenities are one thing; the land’s infamous past is another. The property occupies the same hilltop site where Sharon Tate and four others were murdered in 1969.
What's Being Offered
The asking rent of $247,500 per month appears on the brokerage listing and is reported by Realtor.com. Coverage describes the estate as a roughly 21,000-square-foot main house with nine bedrooms and 18 bathrooms, marketed with resort-style amenities and full staffing. The listing was posted by a Compass agent, according to Mansion Global.
Inside, the home is outfitted with a screening room, multiple bars and several aquariums. Outside, the grounds feature two pools connected by a lazy river, waterfalls and a swim-up bar, giving the place more of a private resort vibe than a typical single-family rental.
Land With a Long Shadow
The lot is the same site where members of the Manson Family murdered Sharon Tate and four others in August 1969. The original house was demolished in the 1990s, and the address was later changed in an effort to distance the property from its notoriety. Franklin rebuilt on the plot and completed the current home in 2006.
He has previously told The Wall Street Journal that he considered the property’s past "irrelevant" and "ancient history," as reported by SFGate. Even so, the site’s history has continued to shadow any attempt to sell or rent the estate.
Sale Attempts and Price Cuts
Franklin first tried to sell the property in 2022 with an $85 million asking price and later reduced the price before relisting it at roughly $50 million, according to prior coverage by House Beautiful. After months on the market and multiple price adjustments, the strategy has shifted to leasing the home as an alternate way to monetize the estate.
That move tracks with what often happens with very large, highly customized properties: when the pool of potential buyers is tiny and sales can drag on, owners sometimes pivot to rental income instead of waiting indefinitely for a buyer willing to meet their number.
Stigma, Discounts and Who Might Rent It
Industry specialists say homes tied to notorious crimes frequently sell at a discount and can linger on the market for years. Appraisers estimate a stigma-related price cut of roughly 10 to 25 percent, according to a look at infamous properties by Realtor.com.
For renters, though, the calculus can be different. The estate’s scale, amenities and advertised full staff make leasing more practical than buying for certain production companies, event clients or ultra-wealthy tenants, as Mansion Global notes. A lease lets the owner collect income while the market for such a rare and controversial trophy property remains uncertain.
Local Takeaway
The Cielo Drive rental has reignited attention in a city that still wrestles with the legacy of the 1969 killings, highlighting how dark history and high-end real estate intersect in Los Angeles. KTLA first flagged the new rental listing on Monday, and national outlets quickly followed. Whether a tenant steps up who can live with both the price and the past, or an eventual buyer pays full freight, is still an open question.
