Luke Wood, president of Beats Electronics, has purchased this gorgeous historic home in Los Angeles' Silver Lake neighborhood, Curbed LA reports. It was originally listed for $7.5 million, but sold for $8.55 million after a fierce competition among several potential buyers.
Built by noted architect John Lautner in the 1960s, the home is nicknamed "Silvertop" for its sloping concrete roof and dramatic appearance. The home has a number of interesting features, including retractable glass walls and a hydraulic dining room table that can be lowered when needed.
Wood reportedly will complete a historic restoration of the home and hopes to move in with his family by next summer.
The home is located on the top of a hill in Los Angeles' hip Silver Lake neighborhood.
The home is nicknamed "Silvertop" for its domed roof and futuristic look. Movie buffs may recognize it from the 1987 film "Less Than Zero," which starred Robert Downey Jr. and James Spader.
Silvertop was first commissioned for industrialist Kenneth Reiner in 1956, but he went bankrupt before the house was completed. It was then sold to the Burchill family, who have sold it to Wood after nearly 40 years of living on the stunning property.
The house sits on six adjacent lots totaling 1.26 acres of land. You can access the front door at the end of a private driveway.
Inside, wood panels line the walls.
Wood will reportedly complete a renovation that stays true to Lautner's original design.
When you walk into the living room, you can get a good look at the dramatically sloping roof.
Retractable glass walls provide direct access to the pool deck.
It's a beautiful setting.
And downtown L.A. isn't too far away.
The house has four bathrooms and three bedrooms. This one has its own stone fireplace.
This bathroom is open to the elements.
There's also a separate guesthouse with its own bedroom, bathroom, living room, kitchen, and darkroom.
It tries to blend in with the rock.
And there are gorgeous views of the city from every angle.