Frank Sinatra's Iconic LA 'Party House' Sees Drastic Price Drop to $8.9M

Frank Sinatra's iconic midcentury-modern home in LA, where he entertained the Rat Pack, is now on the market for $8.99 million, significantly reduced from its previous asking price of $21.5 million. The 6,661 square-foot residence, known as Farralone, was built by renowned architect William Pereira and features unique details like moveable glass walls and 16-foot-high ceilings. Over the years, the property has been rented by numerous film and TV production companies and has hosted celebrity gatherings. An additional property with a smaller home, known as JFK and Marilyn Monroe's secret hideaway, is also available for sale separately.