After Asking $42 Million, a Newly Built Los Angeles Compound Returns at $31.95 Million

The 17,627-square-foot Fryman Canyon estate, completed in 2025, sits on 1.47 acres with direct access to canyon trails and an Aman-inspired wellness suite with a sauna, steam room and cold plunge.

At the upper end of the Los Angeles housing market, a price adjustment can tell almost as much of a story as the house itself.

3405 Fryman Road made its debut in October 2025 asking $42 million. Less than a year later, the newly built Studio City compound is back on the market at $31.95 million—more than $10 million below that original figure.

What remains is an unusually large proposition for Fryman Canyon: a 17,627-square-foot modern farmhouse on 1.47 acres, with seven bedrooms, 11 bathrooms, a resort-style pool, rolling lawns and a dedicated wellness program that includes an Aman-inspired spa, steam room, sauna, cold plunge and gym.

The estate was completed in 2025 in a neighborhood known for privacy and its appeal to entertainment-industry residents. Its A-frame architecture combines large expanses of glass with warmer natural materials, while the grounds connect directly to canyon trails.

Listing agents Branden Williams of The Beverly Hills Estates and Jennifer Winston of Compass describe the property as a place “where privacy, scale, and design converge.”

At nearly $32 million, there is plenty inside the gates to examine. But the property’s nearly $10.1 million journey down from its original asking price gives prospective buyers another number to consider.

A Modern Farmhouse at a Very Los Angeles Scale

The phrase “modern farmhouse” can describe houses of almost any size.

Here, it means 17,627 square feet.

Clean A-frame rooflines establish the residence’s architectural identity, while natural materials temper the geometry and help connect the house with its canyon surroundings. Inside, soaring ceilings and walls of glass bring daylight deep into the principal rooms and keep the landscape continuously visible.

The scale could easily have pushed the house toward monumentality. Instead, the architecture attempts to counterbalance its dimensions by repeatedly opening the interiors toward the grounds.

The principal entertaining rooms flow into one another and then outward, creating the indoor-outdoor relationship that has become fundamental to contemporary Southern California residential design.

A large chef’s kitchen anchors the social spaces and connects with dining and lounge areas designed to accommodate gatherings of different sizes.

Williams and Winston describe the interiors as “intentional, refined, and quietly powerful.” The quieter part of that equation is important: with nearly 18,000 square feet to work with, the house hardly needs additional architectural theatrics to announce its presence.

Seven Bedrooms Function as Individual Retreats

The estate contains seven bedrooms and 11 bathrooms, allowing private accommodations to occupy a relatively small share of the overall floor plan.

Each bedroom has been conceived as a retreat, according to the listing, rather than simply as one of a series of secondary sleeping rooms.

The primary suite receives considerably more space and attention.

It incorporates an expansive bathroom conceived at spa scale, oversized closets and canyon views, placing the landscape at the center of the owners’ private quarters just as it is in the public rooms.

The combination of seven bedrooms with more than 17,000 square feet also leaves substantial space for uses beyond sleeping and conventional entertaining.

That becomes particularly apparent in the property’s wellness facilities.

The Spa Takes Its Cues From Aman Resorts

Among the estate’s more distinctive features is a dedicated wellness setup inspired, according to the listing, by Aman resorts.

The program includes a steam room, cold plunge, sauna and gym.

Together, those spaces amount to something more substantial than placing exercise equipment in an unused bedroom. Heat, cold and fitness are incorporated as separate components of a private wellness routine.

The distinction matters in a house at this level.

Luxury residential fitness rooms have become increasingly common, but a more complete spa circuit allows owners to recreate elements of a hotel or private-club experience without leaving the property.

That idea of self-containment extends outside, where the grounds continue the resort theme.

Outside, 1.47 Acres Provide Something Los Angeles Can’t Easily Manufacture

The house sits on 1.47 acres of usable land, according to the listing.

For a 17,627-square-foot residence, that acreage is doing considerable work. It accommodates rolling lawns, multiple lounge areas and a resort-style swimming pool while still allowing greenery to surround the architecture.

More importantly, the property has direct access to canyon trails.

That creates an unusual juxtaposition: an estate minutes from Ventura Boulevard and major studios can open directly toward a landscape intended for hiking and escape.

The grounds also provide the breathing room necessary for a residence this large. Rather than filling its parcel edge to edge, the house remains surrounded by usable outdoor areas.

In a market where additional interior square footage can be constructed under the right circumstances but large private sites in established neighborhoods are inherently finite, the land may prove more consequential over time than some of the estate’s more conspicuous amenities.

Readers can explore the architecture, wellness spaces, pool and canyon setting through the complete Zillow presentation here.

Fryman Canyon Has Long Offered an Alternative to Beverly Hills

Fryman Canyon occupies a distinctive position in Los Angeles luxury real estate.

It doesn’t have the international shorthand of Beverly Hills or Bel Air, but its wooded setting, larger properties and proximity to the entertainment industry have made privacy one of its defining attractions.

The listing characterizes the area as a “coveted celebrity enclave,” though no ownership or celebrity connection for this particular property was supplied and none should be inferred.

From 3405 Fryman Road, Ventura Boulevard’s restaurants, shops and fitness destinations are nearby, as are major studios. The location also provides connections toward the Westside and area airports.

Yet the estate is designed to make leaving optional.

With a pool, extensive grounds, gym and full wellness setup behind the gates, much of the lifestyle associated with a high-end resort has effectively been brought home.

That self-contained quality is particularly relevant in Fryman Canyon, where discretion and separation can carry as much value as visibility.

Before the New House, the Property Sold for $6.45 Million

The longer price history requires careful interpretation because the property that sold several years ago isn’t directly comparable with the newly completed residence being marketed today.

Records supplied with the listing show a $6.45 million sale in May 2022. The current house, however, was built in 2025.

The enormous difference between the 2022 transaction and today’s $31.95 million asking price therefore should not be interpreted as appreciation of the same finished residence. The earlier sale predates construction of the 17,627-square-foot estate.

The more relevant pricing story begins after construction.

The property came to market in October 2025 at $42 million, or about $2,383 per square foot. By January 2026, the asking price had been reduced to $34.95 million—a single adjustment of $7.05 million, or approximately 16.8%.

It returned in April at $32.5 million before that listing was removed in August. Six days later, on Aug. 28, it came back at $31.95 million.

The current figure works out to approximately $1,813 per square foot.

Altogether, the asking price has fallen $10.05 million from its original $42 million debut, a reduction of roughly 24%.

That doesn’t mean the estate itself has lost 24% of its value; asking prices represent seller expectations rather than completed transactions. But the series of reductions provides a revealing record of how those expectations have evolved as the newly built property has sought a buyer.

The $10 Million Question

At 3405 Fryman Road, it would be easy to build the story around the spa.

Or the 17,627 square feet. Or the 1.47 acres. Or the fact that a gated Los Angeles compound can provide direct access to canyon trails while remaining close to major studios.

But the asking-price history creates a more unusual tension.

The house itself hasn’t become smaller since October. The acreage hasn’t changed. The pool is still there. So are the sauna, cold plunge, steam room and gym.

What has changed is the number attached to all of it.

The original $42 million asking price positioned the estate in a substantially different tier of the Los Angeles market. At $31.95 million, the sellers have moved that number downward by more than $10 million while retaining the same newly constructed compound.

For a prospective buyer, that makes the property two stories at once.

One is about a very large, very new house in one of the San Fernando Valley’s most private luxury enclaves.

The other is about what the market will ultimately decide that combination is worth.

Property Overview

3405 Fryman Road in Studio City, California, is offered at $31.95 million. Completed in 2025, the gated residence spans approximately 17,627 square feet on 1.47 acres.

The organic modern farmhouse has seven bedrooms and 11 bathrooms and is distinguished by A-frame architectural lines, soaring ceilings, extensive glazing and natural materials. Large living and entertaining areas open toward the grounds, while a chef’s kitchen connects with dining and lounge spaces.

The primary suite includes an expansive spa-like bathroom, oversized closets and canyon views.

Outside are rolling lawns, multiple lounge areas and a resort-style swimming pool. The property’s dedicated wellness facilities include a gym, sauna, steam room and cold plunge, and the grounds provide direct access to canyon trails.

The estate initially came to market at $42 million in October 2025 and is now asking $31.95 million.

Listing Representation

Branden Williams of The Beverly Hills Estates and Jennifer Winston of Compass represent 3405 Fryman Road.

The agents describe the property as combining “privacy, scale, and design,” with its 1.47-acre setting, canyon access and extensive wellness facilities creating what they characterize as true compound living.

For additional property information or private-showing inquiries:

Branden Williams
DRE #01774287
The Beverly Hills Estates
Phone: 310-776-0737

Jennifer Winston
DRE #01522987
Compass
Phone: 310-944-1167

The Beverly Hills Estates
Phone: 310-626-4248