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Beverly Hills estate with a rich Hollywood history and luxurious upgrades is on the market for $66 million, potentially setting a record in the Flats neighborhood. The 7-bedroom, 21,000-square-foot mansion was originally designed by novelist Jackie Collins in the 1990s as a hub for A-list gatherings.

    After Collins' passing, real estate mogul Ben Nehmadi and his wife Bita purchased the property in 2016 for $21 million. They invested $25 million and five years into a comprehensive renovation, transforming the home with an elevator, gym, movie theater, and solar energy system.

    The estate's design was inspired by David Hockney's "A Bigger Splash," featuring a sleek modern aesthetic and a swimming pool as its centerpiece. The Nehmadis also acquired the adjacent property for $9 million and are listing it separately for $16 million, where Al Pacino had leased a house for over 15 years.

    The Flats neighborhood has seen an increase in popularity due to families displaced by Los Angeles wildfires seeking long-term housing. However, Ben Nehmadi notes that they had planned to sell the property before the fires occurred, citing their frequent travel as the reason for parting with the home. The estate is now being marketed by Richard Maslan and Susan Smith of Carolwood Estates.