Billionaire burger heiress Lynsi Snyder-Ellingson, whose grandparents founded In-N-Out Burger, put her Mediterranean-inspired, Los Angeles-area mansion back on the market on Monday with a near-$3 million discount.
The California compound, now asking $16.8 million, “invites lavish entertaining and luxurious living,” according to the listing with Joseph Chiovare and Ronald Chang of Coldwell Banker Realty.
Occupying more than four acres in the exclusive gated community of Bradbury Estates, the “extraordinary home is a shining example of opulence done so well it will delight all your senses,” the listing continues.
The agents did not immediately respond to a request for comment.
At that new listing price, Ms. Snyder-Ellingson, 38, is set for a loss on the spread, having bought the property for $17.4 million in 2012, records with PropertyShark show. The trust she used for the purchase shares a mailing address with her “Army of Love” Christian charitable foundation.
Spanning more than 18,600 square feet, the 11-bedroom, red-roofed property is entered through a grand foyer with a sweeping double staircase. Myriad chandeliers, fireplaces and high-ceilings are found across the home and are joined by features such as a chef’s kitchen, a wine room, a billiards room and an opulent home cinema.
Fitness-focused amenities abound, including a private two-hole golf course, a tennis court, a basketball court, a fitness center and a 3,400-square-foot recreation center, which could be used as a ballroom, a dance studio or a batting cage, according to the listing.
Plus there’s a guest house, a six-car garage, an infinity-edge pool and a full outdoor kitchen.
This isn’t the home’s first foray onto the market. In 2017, Ms. Snyder-Ellingson—who is now the owner and president of the adored west coast burger chain—listed the vast estate for $19.79 million and it remained for sale until the fall of 2019.
Ms. Snyder-Ellingson is the only grandchild of Harry and Esther Snyder who founded In-N-Out in 1948. She gained full control of the burger chain when she turned 35 and is worth an estimated $3.6 billion, according to Forbes.
A request for comment sent to Ms. Snyder-Ellingson’s “Army of Love” foundation was not immediately returned.
Article Source: Mansion Global