After nearly six years on the market, Bob Hope’s former Toluca Lake estate just found itself a new inhabitant. Supermarket mogul Ron Burkle reportedly dropped $15 million on the 5.2-acre property in hopes to preserve it. As mandated by Dolores Hope’s will, all proceeds of the final sale will go to the Bob & Dolores Hope Foundation, an organization that provides various means of support to those in need.According to Curbed LA, the original asking price for the lot was a cool $27.5 million in 2013, but without any takers the listing took multiple hits. With the emergence of Burkle’s offer, it seems hope is no longer lost for the tailored property.The 15,000-square-foot home, listed by Craig Strong of Pacific Union LA, exudes an aura of sophistication. Traditional in design, the eight-bedroom estate makes way for an abundance of indoor and outdoor entertaining areas. The main house gives way to a guesthouse, pool and putting green that will ensure Burkle’s time remains occupied in his new residence.
