Real Estate Industry News

TV exec Michael Edelstein, who won a pair of Golden Globes for producing “Desperate Housewives,” just paid $4 million for a new nest in the Bird Streets of Hollywood Hills, The Times has confirmed.

He’s not the only Hollywood name to inhabit the home; in the ‘80s, it was owned by Maud Adams, who starred in a pair of James Bond films.

Set on a third of an acre, the Country Colonial-style spot was built in the ‘50s by architect Gerard Colcord, whose homes have been inhabited over the years by stars such as Bob Newhart, Dean Martin and Nicolas Cage.

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Colcord is known for his signature fireplaces, and the well-maintained house boasts three of them. One, wrapped in fieldstone and framed by wood beams, anchors a stylish living room with angled ceilings and bay windows.

In 3,000 square feet there are three bedrooms, four bathrooms, a Saltillo tile kitchen and a dining room with a wet bar. A covered patio connects to the backyard, where a stately brick terrace surrounds a swimming pool. At the other end of the corner-lot property, two driveways converge on a motor court and porte-cochere entry.

Bret Parsons and Aaron Montelongo of Compass held the listing. John Galich of Sotheby’s International Realty represented the buyer.

The home first listed at $3.995 million in late August and found a buyer less than a week later for $5,000 over the asking price, records show.

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In addition to “Desperate Housewives,” which ran for eight seasons, Edelstein holds producer credits on the shows “Defying Gravity,” “Threat Matrix” and “Hope & Faith.”