Beverly Hills Home Formerly Owned by Cher & Eddie Murphy Hits Market for $85M

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Cher attends the "China: Through The Looking Glass" Costume Institute Benefit Gala at the Metropolitan Museum of Art on May 4, 2015 in New York City.  

Situated in L.A.'s Benedict Canyon, the equestrian compound spans 16 acres, which includes a 20,000-square-foot main house, a 7,000-square-foot guest house, five stables and riding and hiking trails.

Those looking for a summer real estate splurge needn't look any further. The Beverly Hills compound once owned by Cher and later Eddie Murphy has hit the market for a steep $85 million.

Spanning 16 acres of Benedict Canyon and minutes from Rodeo Drive, the guard-gated estate is an equestrian's dream. The acreage boasts five stables, two white-graveled horse rings and miles of meandering riding, hiking trails and woodlands. Visiting riders can be housed in the main stable building, which holds two guest bedrooms, two bathrooms, a living room, fireplace and safe room.

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In addition to the privately accessed 20,000-square-foot main house (currently being re-envisioned) that is invisible to the rest of the compound, a 7,000-square-foot Moroccan two-story guest house is nestled on the sprawling grounds. Decorated with Moroccan tiles, arched windows, hand-carved wooden doors and coffered ceilings, the guest quarters includes a master retreat, two additional bedrooms, six bathrooms, two full kitchens, two fireplaces, a full dining room, a spa with Jacuzzi, a dry sauna and salon sink, and a large open patio.

The palm tree-adorned compound additionally houses a tennis court that is flanked by sprawling green slopes.

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Following Cher's ownership of her four-acre estate in the 1970s, the world-renowned superstar sold the property to Murphy. It was later sold in the 1990's to owners who acquired all four surrounding land parcels and redeveloped the property — creating the equestrian environment, the two guest/staff houses, tennis court and landscaped grounds — to the 16-acre stunner than it is today.

Aaron Kirman of John Aaroe Group is the listing agent.

See photos of the property on THR.com.

This article was originally published by The Hollywood Reporter.