Falcon Lair, built for Rudolph Valentino, is back for sale. Paul Barnaby

Falcon Lair, an old Hollywood estate in Beverly Hills once owned by silent screen star Rudolph Valentino, is back on the market for $10.99 million, Gimme Shelter has learned exclusively.

The historic 4-acre property, high up in the hills above Benedict Canyon, once included an 11-bedroom Mediterranean-style villa built by architect Wallace Neff in 1925 for Valentino, who purchased it that year for $175,000, according to reports .

That’s $3.28 million in today’s figures.

The Hollywood OG named the house after “The Hooded Falcon” — a film he longed to make but never did.

Valentino outfitted the home with antiques, imported six European falcons and filled the stables with Arabian horses. But he died the following

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