Bob Hope Estate Sold to Businessman Ron Burkle for $15 Million

The billionaire investor plans to restore the 5.2-acre Toluca Lake property.

Bob Hope Toluca Lake Estate
Eugene Gologursky / Contributor; Erik Grammer & EGP Imaging/Shooting LA, Courtesy of Pacific Union International

Curious about life as a billionaire? Now's your chance to experience it by way of news that investor Ron Burkle has purchased the former Toluca Lake, California, estate of Bob and Delores Hope for $15 million.

The main residence was built in 1939 by architect Richard Finkelhor, and in the 1950s, it was expanded into a 15,000-square-foot home by prominent Hollywood architect John Elgin Woolf, who built homes for stars like Cary Grant, Errol Flynn, and Katharine Hepburn.

Burkle, who already owns Bob and Dolores Hope's Palm Springs estate, plans to restore the main residence. Proceeds from the sale will be directed to the . , Executive Director/Estates Division at Pacific Union International, held the listing.

Scroll down for a look inside the estate.

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1 It sits on 5.2 acres.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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2 The inviting living room has a fireplace.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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3 The home features formal gardens, a guest house, a three-hole golf course and a putting green.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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4 The spacious kitchen.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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5 It has both outdoor and indoor pools.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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6 Here's the den.
Bob Hope Toluca Lake Estate
Erik Grammer & EGP Imaging/Shooting LA, courtesy of Pacific Union International
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