After moving the original home, buyers could replace it with a megamansion

An elegant midcentury home constructed by influential architect Richard Neutra is still looking for a buyer willing to either live in the 1,896-square-foot residence or move it to a new location.

The exceedingly well-located Hollywood Hills house appeared on the market in 2017, advertised as a “unique development opportunity.” That raised alarms with preservationists, who rushed to landmark the property. But the Los Angeles Conservancy, which spearheaded the landmarking efforts, canceled plans to name the property a Historic-Cultural Monument after agreeing to a deal with owners Paul and Gigi Shepherd to “take demolition off the table.” That means buyers must be willing to relocate the home if they plan to build on the stunning hillside vista where it sits.