A Los Angeles estate belonging to Oscar-winning actor Jon Voight that is primed to be transformed into a luxury compound is on the market for $13.99 million.

The home, within the city’s celebrity-laden neighborhood of Beverly Crest, most recently emerged on the market on Wednesday. It last tried to find a buyer in 2019, when it was asking $19.9 million, listing records show.

Spanning close to three-and-a-half acres, the property “is the biggest flat lot in Beverly Hills on the market,” according to the listing with Josh and Matt Altman of Douglas Elliman.

The sibling team did not immediately respond to a request for comment.

The Los Angeles Times first reported the listing.

The property is poised for a high-end overhaul. It’s the “ultimate offering of value, privacy and space to develop a compound like nothing that has been done before,” the listing said.?

Details are scarce regarding the house on the land, a remodeled, 3,500-square-foot Mid-Century Modern spread. The home has four bedrooms, three bathrooms and aerial images show a deck and swimming pool.?

It’s not clear when Mr. Voight, 81, acquired the property.

He scooped the Academy Award for Best Actor in 1978 for his role in “Coming Home,” and he earned nominations in 1969 for “Midnight Cowboy,” in 1985 for “Runaway Train,” and in 2001 for “Ali.”

A representative for the actor did not immediately respond to a request for comment.

Nearby, a separate development opportunity for deep-pocketed buyers is asking $110 million. Owned by the estate of the late Microsoft co-founder Paul Allen, the 120-acre site—roughly the same size as Vatican City—is dubbed The Enchanted Hill.