After a complete remodel by his favorite designers, Oppenheim opted against using the place as his private residence and instead rented it out for $49,000 per month.

Now that his tenant has moved on, Oppenheim has put the place back on the market for $7,995,000. It’s being offered fully furnished, but the star broker may just put it up for lease once again.

What merits the nearly $3 million price hike? For one, Oppenheim told me he did a seven-figure renovation of the place.

Work included new landscaping on the grounds of nearly 1 acre. The property now features a tastefully manicured courtyard out front and a solar-heated, saltwater swimming pool, elevated spa with cabana, and a fire pit with seating out back.

For the interiors, Oppenheim brought in his favorite design team, headed by Alice Kwan—who also happens to be a real estate agent with the Oppenheim Group.

Kwan had her own fashion line in Australia before she moved to the U.S., and her design aesthetic is much in demand. According to her online bio, she believes in “creating spaces that have touches of modern sleek with industrial and wooden accents.”

Kwan’s team added luxe fixtures and finishes to the the 4,874-square-foot residence. Dazzling modern chandeliers especially give the place a glamorous aura.

The team also added automated blinds to the windows, highlighted by a dramatic 20-foot-tall shade and accented by industrial steel frames.

All major infrastructure elements were given the once-over, as was the home theater, which now features state-of-the-art projection and sound equipment.

A lovely wine room and bar were also added.

Updates were also made to the open kitchen, which now features Wolf and Sub-Zero appliances—as well as fabulous views.

In addition, the team updated the two master suites, which both feature walk-in closets and luxe bathrooms, fireplaces, and French doors.

In all, the home offers four bedrooms and four bathrooms, plus a separate office with its own private deck.

The one thing Kwan couldn’t improve on was the dazzling view of Los Angeles and beyond.

The home was built in 1974, when the Mount Olympus enclave was being developed.

It sits discreetly tucked away on the east side of Laurel Canyon Blvd., not far up the hill from Sunset Blvd., so the house can definitely be considered within the turf patrolled by the brokers and agents of “Selling Sunset.”

So is the man behind the hit reality show also busy flipping?

Oppenheim told me this is hardly the first time he’s bought, remodeled, and sold a luxury property at a profit in a relatively short time. Even so, he did intend to live in this one himself when he first purchased it. Now, he’d be perfectly happy renting it out or passing it over to a new owner.

He’s also currently immersed in Newport Beach real estate, where the Oppenheim Group recently opened an office. He purchased a luxury home in Orange County, so he won’t have to drive all the way back to L.A. after a hard day’s work. Kwan is responsible for designing the interiors of both his office and his new residence.

In addition, he’s spending time maneuvering the tricky world of dating a fellow real estate professional—an agent in his own office, although she’s not an employee, but an independent contractor. His romantic relationship with the “Selling Sunset” fan favorite Chrishell Stause was recently made public, much to viewers’ delight.