‘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.
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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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Strong population growth, major infrastructure spending and comparatively affordable property are expected to cement Melbourne’s position as Australia’s most attractive long-term real estate market.
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Melbourne is poised to become Australia’s largest city within the next decade, with strong population growth, infrastructure investment and relative affordability driving long-term property demand.
A new research report from Knight Frank argues the Victorian capital remains one of the country’s most compelling markets for investors, businesses and residents.
The report highlights the city’s rapidly expanding population, diverse economy and major infrastructure pipeline as key factors underpinning future property growth.
Knight Frank Managing Director Victoria, Dominic Long, said Melbourne’s fundamentals continue to position the city strongly for long-term investment.
“Melbourne continues to stand out as one of Australia’s most compelling real estate markets,” he said.
“It is Australia’s strongest long-term growth city with the fastest growing population, the most diversified economy, world-class liveability and the most affordable major market for office, industrial and residential property.”
Population growth driving demand
Melbourne’s population has grown at an average rate of 1.8 per cent per year since 2000, faster than any advanced global economy, according to the research.
In the year to June 2025 alone, the city added about 123,500 residents, the largest annual increase of any Australian capital.
Population growth is expected to remain one of the key drivers of demand across residential and commercial property markets, including housing, offices and logistics space.
The report forecasts Melbourne’s population will overtake Sydney’s by the 2030s, reinforcing its position as the country’s fastest-growing major city.
Office market offering value
Melbourne’s CBD office market is also attracting renewed attention from investors.
Prime office rents remain significantly lower than in competing cities, with CBD office space about 46 per cent cheaper than Sydney and around 13 per cent cheaper than Brisbane.
That relative affordability is expected to drive long-term demand from occupiers and investors seeking value in Australia’s largest office markets.
The city’s office sector is also showing signs of recovery, with effective rents rising in 2025 and demand increasing for high-quality buildings in premium locations.
Industrial market benefiting from scale
Melbourne’s industrial sector continues to expand, supported by strong population growth, e-commerce demand and the scale of the city’s logistics network.
The city already hosts the country’s largest industrial market, with about 34 million square metres of warehousing stock and significant land available for future development.
Industrial rents remain competitive compared with other capitals, while Melbourne’s port handles the largest container volumes in Australia, further supporting demand for logistics space.
Infrastructure pipeline supporting growth
More than $200 billion in transport infrastructure investment between 2014 and 2036 is also expected to reshape the city and support future property values.
Major projects include the Metro Tunnel, the West Gate Tunnel, the North-East Link and the Suburban Rail Loop, which together will improve connectivity across Melbourne and its growth corridors.
Knight Frank’s Head of Research & Consulting, Victoria, Dr Tony McGough, said these investments would play a key role in supporting the city’s economic expansion.
“Melbourne is Australia’s most economically diverse city and has delivered stable growth for more than two decades,” he said.
“With strong population growth, a highly educated workforce and unprecedented infrastructure investment, Melbourne is well placed to remain one of Australia’s most attractive long-term property markets.”
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