Photo via The Real Deal
A 20,800-square-foot mansion in the Hollywood Hills has been listed for $39.8 million by DG Home, a real estate firm led by investor Dan Gatsby, according to Mansion Global. The three-story hilltop property at 1302 Collingwood Place represents a significant appreciation since Gatsby acquired it in November 2016 for $20.2 million—nearly doubling in value over the past decade.
The estate was originally developed by Jeff Franklin, the creator of the hit sitcom "Full House," who purchased the land above Sunset Boulevard in 1988. Franklin demolished an existing structure he had acquired for $1.9 million and constructed the current mansion, which features five bedrooms and eight bathrooms. The property's location and custom design have contributed to its considerable market appeal among high-net-worth buyers.
The listing underscores the resilience and strength of the luxury real estate market in Southern California, where premium properties continue to command top dollar. For Miami business professionals tracking national real estate trends and investment benchmarks, such transactions offer insight into how strategic property acquisitions and long-term holding periods can generate substantial returns in competitive markets.
