‘Full House’ Creator’s L.A. Mansion, Complete With a 35-Foot Waterslide, Relists for $50 Million
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‘Full House’ Creator’s L.A. Mansion, Complete With a 35-Foot Waterslide, Relists for $50 Million

Screenwriter and TV producer Jeff Franklin built the lavish residence on the homesite where the 1969 Manson Family murders took place.

By CASEY FARMER
Thu, Mar 27, 2025 9:47amGrey Clock 2 min

A Beverly Hills megamansion, complete with a backyard grotto and a lazy river, that was built by “Full House” creator Jeff Franklin is returning to the market with a multimillion-dollar price cut.

The Southern California home will list on Wednesday for just shy of $50 million, a more than 40% price cut from its initial asking price of $85 million from 2022.

The home has also been occasionally available for rent, asking as much as nearly $250,000 a month.

It sits on the site where Sharon Tate and four others were murdered by the Manson Family in 1969.

That since-demolished home, which Tate and her husband, director Roman Polanski, were renting from music producer Terry Melcher, was torn down in the mid-1990s by a developer, from whom Franklin bought the property before it was completed, according to The Wall Street Journal.

Franklin took the developer’s partially built house and tore it down to the studs to build his own custom home, working with “King of the Megamansion” Richard Landry to do so. The mansion, which has been Franklin’s primary residence for nearly two decades, was completed in 2006.

Dubbed Villa Andalusia, the 21,000-square-foot megamansion combines Andalusian style with South-Asian influences, which was a “fun design challenge,” Landry said in a statement. Listing agent Adam Brawer of Compass likened the home’s design and scale to a palace.

“The interiors combine my love of European architecture and Asian culture, but curated to maximize the California lifestyle,” Franklin wrote in an email.

Amenities throughout the home range from a wood-paneled billiards and poker room to a large aquarium dividing the sitting room and dining room—fish included in the sale.

“It feels like a James Bond villain’s lair,” Brawer said. “Architecturally, it feels like a throwback to a much older time, except it has all the creature comforts of 2025—it’s fully smart.”

With 3.6 acres, the mansion sits on an unusually large lot for Beverly Hills Post Office. It also has wide-ranging views, overlooking the entirety of the city to the Pacific Ocean, and as far as Pasadena on a clear day, Brawer said. Both the property size and its views are what attracted Franklin to it.

“I loved the spectacular views, and the size of the lot allowed me to be creative in designing the unique backyard oasis,” Franklin said.

That backyard oasis is made up of two pools —a wading pool and an infinity pool—which are connected by a lazy river.

Each pool has its own hot tub, with the wading pool’s tucked into a grotto behind three waterfalls. A 35-foot waterslide flows into another waterfall—there are six in total, and there’s also a koi pond, a fire pit and a swim-up bar.

“This is one of the most exciting pools we have ever designed,” Landry said.

Franklin built the home—which has nine bedrooms and 18 bathrooms—with hosting large gatherings in mind, Brawer said.

In addition to the lavish backyard, there are also multiple bars, a game room and a home theater inside, and many of its living spaces lead directly out to the backyard. There’s also two garages, including one underground, and a large motor court, allowing the property to fit at least 20 cars.

Franklin, 70, created the sitcom “Full House” in 1987 and served as showrunner until 1992. He also created its sequel series, “Fuller House,” for Netflix in 2016. Franklin previously owned the San Francisco house that was used for the exterior of the Tanner family home in “Full House.” He remodeled it, also with Landry, and sold it in 2020.



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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.

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The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.

Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.

“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”

Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”

“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”

Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.

Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.

Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.

The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.

Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.

“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”

Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.

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