Rod Stewart won't sell Beverly Hills mansion for 'a penny under' $70 million: report

Sir Rod Stewart doesn't want to talk about it – negotiating the listing price of his Beverly Hills estate with a potential buyer, that is.

Nestled in the hills above Hollywood, Stewart's massive mansion is up for sale to the tune of $70 million. The "Maggie May" singer isn't changing the price tag either.

"Basically, I don't want to sell it, and the kids don't want me to sell if either," Stewart told People magazine. 

"There's too many fond memories. I've lived [in L.A.] since 1975, and I adore the place."

Buyers beware; Stewart "won't take a penny under what I've asked for."

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Stewart is touring in Europe throughout summer, kicks off a Las Vegas residency in November and then plans on calling England a more permanent home base. He denied recent reports saying he thought LA was "toxic."

"Let me get one thing straight here: [the press] quoted me saying Los Angeles was toxic. It's not toxic," he said. "It might be to other people, but I've had some of my best fun and years in Los Angeles. But LA is not toxic. Sometimes the air's a bit dirty, but I love LA"

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The "Da Ya Think I'm Sexy" musician first purchased the three-acre property in 1991 for $12 million and then commissioned famed architect Richard Landry to design the nine-bedroom, 14-bath mansion nestled in the affluent North Beverly Park enclave.

Privacy was paramount for the "Forever Young" singer, with a guarded gate at the entrance to the neighborhood and another set of double gates situated at the long driveway leading to the ornate abode.

Overlooking manicured landscaping, the three-story, 28,500-square-foot home is framed with opulent double doors that open into a grand foyer, exuding a sense of refined luxury.

Hosting large parties and events or intimate soirees was made easy in the entertainer's dream home, with wood inlay floors and a hand-painted bar that includes French doors leading out to covered loggia.

The airy, gourmet kitchen was designed to provide room for catering or casual dining, and in true English fashion, has two sitting rooms to either side – one for tea and another den with a fireplace.

Wine aficionados can keep their reds or whites at the perfect temperature in the wine room, which is conveniently situated near the formal dining room designed to comfortably entertain 20 guests.

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A formal library showcases floor-to-ceiling wood bookshelves and a marble fireplace, which leads into a designer speakeasy with dramatic Breche de Vendome marble and wood floors, and an over-sized screening room.

The theater also opens up into a private outdoor seating and lawn area, which includes a 30-foot tall cascading waterfall fountain.

A double staircase leads to private quarters, including the primary bedroom suite with dual bathrooms, massive closets and a large covered terrace overlooking the pool.

Serene views of the city and canyons can be seen throughout the home.

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Each guest suite is complete with luxury amenities, including over-sized bathrooms, closets and some rooms with their own private terraces.

Two full-size gyms are on the property, including an indoor recreational room, tennis court and soccer field.

Outdoor entertainment is made easy with lounge areas surrounding the pool and jetted spa. A built-in barbecue near an outdoor fireplace provides even more reason to dine al fresco under the stars.

Stewart's mega mansion also includes a massive motor court and five-car garage, in addition to a four-bedroom, five-bath guest house.

Michelle Oliver of Douglas Elliman holds the listing.

The "You're in My Heart" singer is married to Penny Lancaster and has eight children total.

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Fox News Digital's Larry Fink contributed to this report.