Jeff Franklin Is Selling His Beverly Hills Mega Mansion That Sits on One of Hollywood’s Most Infamous Properties
Jeff Franklin has been trying to sell his Beverly Hills estate for four years now. And if you’ve been following this story, you already know it hasn’t been easy.
The Full House creator just re-listed the mansion at $45 million. That sounds like a lot. But when you compare it to the $85 million he started with back in 2022, it tells a very different story.
What the $45M Gets You
This isn’t your average celebrity home. The estate sits on 3.6 acres in Benedict Canyon with a 21,000 sq ft main house, 9 bedrooms, 18 bathrooms, and a 75-yard pool with three waterfalls, a 35-foot waterslide, and a lazy river in the backyard.
Inside, there’s a 14-seat home theater, indoor shark tank, hair salon, billiards room, chef’s kitchen, and an underground garage that fits 16 cars. Views stretch from downtown LA all the way to the Pacific Ocean.
Architect Richard Landry, known in real estate circles as the “King of the Mega-Mansion,” designed the whole thing. Franklin reportedly spent millions of his Full House royalties building it over nearly a decade.
The Price Drop Nobody’s Talking About
Here’s the timeline most outlets are skipping over:
2022: Listed at $85 million. No buyers. April 2025: Re-listed at $49.95 million. Still no deal. May 2026: Listed as a rental at $247,500/month. Still no takers. July 2026: Back on the sale market at $45 million.
That’s a $40 million price cut over four years, a 47% drop from the original ask. And yet, per TMZ’s real estate sources, potential buyers keep calling to rent the place, not buy it.
This isn’t the first time a Beverly Hills mega-mansion has hit a wall at asking price. A buyer recently walked away from J.Lo’s $50M Beverly Hills mansion after putting down a huge deposit and that deal collapsing says a lot about where this market stands right now.
You can read the full listing details straight from TMZ’s exclusive report, where Bennett Bidwell and Adam Rosenfeld of Resident Group hold the listing.
The Dark History Behind the Address
This property isn’t just a mega-mansion. It sits on one of the most infamous plots of land in American history. The original address, 10050 Cielo Drive, is where Sharon Tate and four others were murdered by the Manson Family on August 9, 1969.
That original house was demolished in 1994. The address was also changed from 10050 to 10066 Cielo Drive to distance the property from its past.
Musician Trent Reznor had rented it just before demolition to record Nine Inch Nails’ The Downward Spiral, and later said he regretted it after meeting Sharon Tate’s sister.
Franklin bought the land in 2000 for $6.37 million and spent years building what stands today. He’s publicly called the property’s dark history “irrelevant” but buyers don’t always feel the same way.
Why This Matters Beyond the Celebrity Headline
This isn’t just a story about one seller cutting his price. It reflects something happening across Beverly Hills right now.
According to PHS Realty’s 2026 Beverly Hills luxury market analysis, Beverly Hills homes averaged 117 days on market as of March 2026. Properties priced too high are sitting significantly longer and accumulating what agents call “listing stigma.”
Franklin’s estate is a textbook example. A $40 million price cut over four years, a rental attempt at $247,500/month, and still no closed deal, all while the ultra-luxury market above $40 million remains thin on buyers.
Interestingly, it’s not just mansions for sale making headlines. Dolly Parton’s West Hollywood home just hit the rental market at $12,000 a month proving that celebrity properties are increasingly going the rental route when buyers don’t show up at the asking price.
If celebrity real estate moves like this interest you, there’s a WhatsApp channel covering stories like this that posts updates as they break, worth a follow if you want to stay ahead of these deals.
So Will It Sell This Time?
At $45 million, the estate is more realistically priced than it’s ever been. The amenities are genuinely unmatched, and the views alone are worth the conversation.
But the history of the land, the long listing timeline, and the current luxury market slowdown all work against it. The right buyer exists somewhere but finding them is the hard part.
It’s a pattern we keep seeing. Kelly Clarkson’s ex-husband listed a Montana ranch for $2.9M that he bought for $1.8M after their divorce and celebrity-connected properties always carry a premium, but they don’t always find buyers quickly.
Would the property’s dark past put you off, or does a $45M estate on Cielo Drive still sound like a deal worth exploring? Let us know in the comments below.
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Disclaimer: This article is for informational purposes only. All property details and pricing are based on publicly available listing information as of July 2026.
