Ready for its close-up: Cosmetics mogul lists LA estate for $49M after extensive makeover

A cosmetics mogul and his wife are testing prices in the Los Angeles luxury housing market instead of lipstick shades.  Dean Factor, co-founder of Smashbox Cosmetics, and his wife Shannon are listing their roughly 8.5-acre estate in Sullivan Canyon for $48.5 million, the Wall Street Journal reported. The Factors spent more than a decade rebuilding the property from the ground up before opting to sell.  The couple bought the then-dilapidated site at 1900 Old Ranch Road in 2011 for $8 million. At the time, the existing house contained asbestos, the landscaping had dried out and the grounds had effectively become […]This article originally appeared on The Real Deal. Click here to read the full story.